Common use of Adjustments to Award Clause in Contracts

Adjustments to Award. The number of Performance Shares subject to the Award is based upon the assumption that the Employee shall continue to perform substantially the same duties throughout the Performance Period, and such number of Performance Shares may be reduced or increased by the Board of Directors or the Board Committee or its designee without formal amendment of the Agreement to reflect a change in duties during the Performance Period.

Appears in 4 contracts

Samples: Equity Incentive Plan Performance Share Award Agreement Terms and Conditions (Harris Corp /De/), Incentive Plan Performance Share Award Agreement Terms and Conditions (Harris Corp /De/), Equity Incentive Plan Performance Share Award Agreement Terms and Conditions (Harris Corp /De/)

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Adjustments to Award. The number of Performance Shares shares subject to the Award is based upon the assumption that the Employee shall continue to perform substantially the same duties throughout the Performance Period, and such number of Performance Shares shares may be reduced or increased by the Board of Directors or the Board Committee or its designee without formal amendment of the Agreement to reflect a change in duties during the Performance Period.

Appears in 1 contract

Samples: Performance Share Award Agreement (Harris Corp /De/)

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