Common use of Adjustments for Stock Splits, Etc Clause in Contracts

Adjustments for Stock Splits, Etc. The number of Company Interests to which the EAI Right relates shall be appropriately adjusted, as determined by the managing board of the Company, to reflect fully the effect of any stock split, reverse stock split, stock dividend (including any dividend or distribution of securities convertible into Company Interests), reclassification, reorganization, recapitalization or similar transaction occurring after the date hereof and prior to the Expiration Date; provided that, notwithstanding the foregoing, in no event shall the aggregate amount of the Applicable Value for all Company Interests be less than the Minimum EAI Payment or greater than the Maximum EAI Payment.

Appears in 4 contracts

Samples: Equity Appreciation Agreement (FCB Financial Holdings, Inc.), Equity Appreciation Agreement (FCB Financial Holdings, Inc.), Equity Appreciation Agreement (Bond Street Holdings Inc)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!