Common use of Adjustments to RSUs Clause in Contracts

Adjustments to RSUs. If at any time while this Agreement is in effect and before the RSUs have been settled, there shall be any increase or decrease in the number of issued and outstanding Shares of the Company through the declaration of a stock dividend or through any recapitalization resulting in a stock split-up, combination or exchange of such Shares, then the RSUs subject to this Agreement shall be adjusted in the same manner as the outstanding Shares of the Company. If any such adjustment shall result in a fractional RSU, such fraction shall be disregarded.

Appears in 3 contracts

Samples: Restricted Stock Unit Agreement (Lifepoint Health, Inc.), Restricted Stock Unit Agreement (Lifepoint Hospitals, Inc.), Restricted Stock Unit Agreement (Lifepoint Hospitals, Inc.)

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Adjustments to RSUs. If at any time while this Agreement is in effect and before the RSUs any Shares have been settleddelivered with respect to any RSUs, there shall be any increase or decrease in the number of issued and outstanding Shares of the Company through the declaration of a stock dividend or through any recapitalization resulting in a stock split-up, combination or exchange of such Shares, then the Shares subject to the RSUs then subject to this Agreement shall be adjusted in the same manner as the outstanding Shares of the Company. If any such adjustment shall result in a fractional RSUShare, such fraction shall be disregarded.

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (Lifepoint Health, Inc.), Restricted Stock Unit Agreement (Lifepoint Health, Inc.)

Adjustments to RSUs. If at any time while this Agreement is in effect and before the RSUs any Shares have been settleddelivered with respect to any RSUs, there shall be any increase or decrease in the number of issued and outstanding Shares of the Company through the declaration of a stock dividend or through any recapitalization resulting in a stock split-up, combination or exchange of such Shares, then and in that event, the Committee (or Board as applicable) shall make any adjustments it deems fair and appropriate, in view of such change, in the number of Shares subject to the RSUs then subject to this Agreement shall be adjusted in the same manner as the outstanding Shares of the CompanyAgreement. If any such adjustment shall result in a fractional RSUShare, such fraction shall be disregarded.

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (Lifepoint Hospitals, Inc.), Restricted Stock Unit Award Agreement (Lifepoint Hospitals, Inc.)

Adjustments to RSUs. If at any time while this Agreement is in effect and before the RSUs any Shares have been settleddelivered with respect to any RSUs, there shall be any increase or decrease in the number of issued and outstanding Shares of the Company through the declaration of a stock dividend or through any recapitalization resulting in a stock split-up, combination or exchange of such Shares, then the Shares subject to the RSUs then subject to this Agreement shall be adjusted in the same manner as the outstanding Shares shares of the Company. If any such adjustment shall result in a fractional RSUShare, such fraction shall be disregarded.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Lifepoint Hospitals, Inc.)

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Adjustments to RSUs. If at any time while this Agreement is in effect and before the RSUs any Shares have been settleddelivered with respect to any RSUs, there shall be any increase or decrease in the number of issued and outstanding Shares of the Company through the declaration of a stock dividend or through any recapitalization resulting in a stock split-up, combination or exchange of such Shares, then the Shares subject to the RSUs then subject to this Agreement shall be adjusted in the same manner as the outstanding Shares shares of the Company. If any such adjustment shall result in a fractional RSUShare, such fraction shall be disregarded.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Lifepoint Hospitals, Inc.)

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