Common use of Adjustments to Shares Clause in Contracts

Adjustments to Shares. In the event of any merger, reorganization, recapitalization, stock dividend, stock split, extraordinary distribution with respect to the Stock or other change in corporate structure affecting the Stock, the Committee or Board of Directors of the Company will make such substitution or adjustments in the aggregate number and kind of shares of Stock subject to this Restricted Stock Unit Award to prevent dilution of rights.

Appears in 6 contracts

Samples: Restricted Stock Unit Award Agreement (Credit Acceptance Corp), Restricted Stock Unit Award Agreement (Credit Acceptance Corp), Restricted Stock Unit Award Agreement (Credit Acceptance Corp)

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Adjustments to Shares. In the event of any merger, reorganization, consolidation, recapitalization, stock dividend, stock split, extraordinary distribution with respect to the Stock or other change in corporate structure affecting the Stock, the Committee or Board of Directors of the Company will may make such substitution or adjustments in the aggregate number number, kind and kind option price of shares of Stock subject to this Restricted Stock Unit Option Award Agreement and/or such other substitutions or adjustments in the consideration receivable upon exercise as it may determine to prevent dilution of rightsbe appropriate in its sole discretion. 12.

Appears in 1 contract

Samples: Non Qualified Stock Option Award Agreement (Borgwarner Inc)

Adjustments to Shares. In the event of any merger, reorganization, consolidation, recapitalization, stock dividend, stock split, extraordinary distribution with respect to the Stock or other change in corporate structure affecting the Stock, the Committee or Board of Directors of the Company will may make such substitution or adjustments in the aggregate number number, kind and kind option price of shares of Stock subject to this Restricted Stock Unit Option Award Agreement and/or such other substitutions or adjustments in the consideration receivable upon exercise as it may determine to prevent dilution of rightsbe appropriate in its sole discretion.

Appears in 1 contract

Samples: Non Qualified Stock Option Award Agreement (Borgwarner Inc)

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Adjustments to Shares. In the event of any merger, reorganization, recapitalization, stock dividend, stock split, extraordinary distribution with respect to the Common Stock or other change in corporate structure affecting the Stock, the Committee or Board of Directors of the Company will make such substitution or adjustments in the aggregate number and kind of shares of Common Stock subject to this Restricted Stock Unit Award to prevent dilution of rights.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Credit Acceptance Corp)

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