Adjustments to Shares. The number of shares of OCA Common Stock subject to an outstanding award of shares of OCA Common Stock granted to a Participant under and pursuant to the Program shall be adjusted as the Committee (as defined below) determines (in its sole discretion) to be appropriate, in the event that: (a) OCA or an Affiliate (as defined below) effects one or more stock dividends, stock splits, reverse stock splits, subdivisions, consolidations or other similar events; (b) OCA or an Affiliate engages in a transaction to which section 424 of the Code (as defined below) applies; or (c) there occurs any other event which in the judgment of the Committee necessitates such action. For purposes of the Program:
Appears in 5 contracts
Samples: Stock Pool Program (Orthodontic Centers of America Inc /De/), Stockholder Bonus Program (Orthodontic Centers of America Inc /De/), Stockholder Value Program (Orthodontic Centers of America Inc /De/)
Adjustments to Shares. The number of shares of OCA Common Stock subject to an outstanding award of shares of OCA Common Stock granted to a Participant under and pursuant to the Program shall be adjusted as the Committee (as defined below) determines (in its sole discretion) to be appropriate, in the event that:
(a) OCA or an Affiliate (as defined below) effects one or more stock dividends, stock splits, reverse stock splits, subdivisions, consolidations or other similar events;
(b) OCA or an Affiliate engages in a transaction to which section 424 of the Code (as defined below) applies; or
(c) there occurs any other event which in the judgment of the Committee necessitates such action. For purposes of the Program:
Appears in 1 contract
Samples: Conversion Incentive Program (Orthodontic Centers of America Inc /De/)