Common use of Adjustments in RSU Award Clause in Contracts

Adjustments in RSU Award. In the event that the outstanding shares of the Common Stock are changed into or exchanged for a different number or kind of shares of the Company or other securities of the Company by reason of merger, consolidation, recapitalization, reclassification, stock split-up, stock dividend, or combination of shares, the Committee or the Company shall make an appropriate and equitable adjustment in the number and kind of the RSU Award granted hereunder. Such adjustment shall be made with the intent that after the change or exchange of shares, the Employee’s proportionate interest shall be maintained as before the occurrence of such event.

Appears in 4 contracts

Samples: Restricted Stock Unit Agreement (Avery Dennison Corporation), Restricted Stock Unit Agreement (Avery Dennison Corporation), Restricted Stock Unit Agreement (Avery Dennison Corporation)

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Adjustments in RSU Award. In the event that the outstanding shares of the Common Stock are changed into or exchanged for a different number or kind of shares of the Company or other securities of the Company by reason of merger, consolidation, recapitalization, reclassification, stock split-up, stock dividend, or combination of shares, or other similar restructuring, the Committee or the Company shall make an appropriate and equitable adjustment in the number and kind of shares represented by the RSU Award granted hereunder. Such adjustment shall be made with the intent that after the change or exchange of shares, the Employee’s proportionate equity interest in the Company represented by the RSU Award shall be maintained as it was before the occurrence of such event.

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (Avery Dennison Corporation), Restricted Stock Unit Agreement (Avery Dennison Corporation)

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