Common use of Adjustments for Changes in Capitalization Clause in Contracts

Adjustments for Changes in Capitalization. In the event the Committee makes any adjustment to the Restricted Stock Units underlying the Award pursuant to the Plan following a change of capitalization, any additional Restricted Stock Units or other property that become subject to the Award will, unless otherwise determined by the Committee, be subject to the same forfeiture restrictions, delivery requirements and other provisions of this Agreement applicable to Restricted Stock Units underlying this Award. No fractional shares or rights to fractional shares of Class A Common Stock will be created or issued. Any fraction of a share will be rounded down to the nearest whole share.

Appears in 8 contracts

Samples: Restricted Stock Unit Award Agreement (Central European Media Enterprises LTD), Restricted Stock Unit Award Agreement (Central European Media Enterprises LTD), Restricted Stock Unit Award Agreement (Central European Media Enterprises LTD)

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Adjustments for Changes in Capitalization. In the event the Committee makes any adjustment to the Performance Restricted Stock Units underlying the Award pursuant to the Plan following a change of capitalization, any additional Performance Restricted Stock Units or other property that become subject to the Award will, unless otherwise determined by the Committee, be subject to the same forfeiture restrictions, delivery requirements and other provisions of this Agreement applicable to Performance Restricted Stock Units underlying this Award. No fractional shares or rights to fractional shares of Class A Common Stock will be created or issued. Any fraction of a share will be rounded down to the nearest whole share.

Appears in 4 contracts

Samples: Restricted Stock Unit Award Agreement (Central European Media Enterprises LTD), Restricted Stock Unit Award Agreement (Central European Media Enterprises LTD), Restricted Stock Unit Award Agreement (Central European Media Enterprises LTD)

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