Common use of Adjustments Upon Certain Events Clause in Contracts

Adjustments Upon Certain Events. Subject to the terms of the Plan, in the event of any change in the outstanding Shares by reason of any Share dividend or split, reorganization, recapitalization, merger, consolidation, amalgamation, spin-off or combination transaction or exchange of Shares or other similar events (collectively, an "Adjustment Event"), the Committee shall, in its sole discretion, make an appropriate and equitable adjustment in the number of Shares subject to this Agreement to reflect such Adjustment Event. Any such adjustment made by the Committee shall be final and binding upon the Participant, the Company and all other interested persons.

Appears in 23 contracts

Samples: Incentive Stock Option Agreement (Hovnanian Enterprises Inc), Non Qualified Stock Option Agreement (Hovnanian Enterprises Inc), Incentive Stock Option Agreement (Hovnanian Enterprises Inc)

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Adjustments Upon Certain Events. Subject to the terms of the Plan, in the event of any change in the outstanding Shares by reason of any Share dividend or split, reorganization, recapitalization, merger, consolidation, amalgamation, spin-off or combination transaction or exchange of Shares or other similar events (collectively, an "Adjustment Event"), the Committee shall, in its sole discretion, make an appropriate and equitable adjustment in the number of Shares RSUs subject to this Agreement to reflect such Adjustment Event. Any such adjustment made by the Committee shall be final and binding upon the Participant, the Company and all other interested persons.

Appears in 17 contracts

Samples: Restricted Share Unit Agreement (Hovnanian Enterprises Inc), Restricted Share Unit Agreement (Hovnanian Enterprises Inc), Restricted Share Unit Agreement (Hovnanian Enterprises Inc)

Adjustments Upon Certain Events. Subject to the terms of the Plan, in the event of any change in the outstanding Shares by reason of any Share dividend or split, reorganization, recapitalization, merger, consolidation, amalgamation, spin-off or combination transaction or exchange of Shares or other similar events (collectively, an "Adjustment Event"), the Committee shall, in its sole discretion, make an appropriate and equitable adjustment in the number of Shares PSUs subject to this Agreement to reflect such Adjustment Event. Any such adjustment made by the Committee shall be final and binding upon the Participant, the Company and all other interested persons.

Appears in 17 contracts

Samples: Performance Share Unit Agreement (Hovnanian Enterprises Inc), Performance Share Unit Agreement (Hovnanian Enterprises Inc), Performance Share Unit Agreement (Hovnanian Enterprises Inc)

Adjustments Upon Certain Events. Subject to the terms of the Plan, in the event of any change in the outstanding Shares by reason of any Share dividend or split, reorganization, recapitalization, merger, consolidation, amalgamation, spin-off or combination transaction or exchange of Shares or other similar events (collectively, an "Adjustment Event"), the Committee shall, in its sole discretion, make an appropriate and equitable adjustment in the number of Shares RSUs subject to this Agreement to reflect such Adjustment Event. Any such adjustment made by the Committee shall be final and binding upon the Participant, the Company and all other interested persons.

Appears in 4 contracts

Samples: Restricted Share Unit Agreement, Restricted Share Unit Agreement (Hovnanian Enterprises Inc), Restricted Share Unit Agreement (Hovnanian Enterprises Inc)

Adjustments Upon Certain Events. Subject to the terms of the Plan, in the event of any change in the outstanding Shares by reason of any Share dividend or split, reorganization, recapitalization, merger, consolidation, amalgamation, spin-off or combination transaction or exchange of Shares or other similar events (collectively, an "Adjustment Event"), the Committee shallmay, in its sole discretion, make an appropriate and equitable adjustment in the number of Shares subject to this Agreement to reflect such Adjustment Event. Any such adjustment made by the Committee shall be final and binding upon the Participant, the Company and all other interested persons.

Appears in 3 contracts

Samples: Stock Option Agreement (Hovnanian Enterprises Inc), Non Qualified Stock Option Agreement (Hovnanian Enterprises Inc), Incentive Stock Option Agreement (Hovnanian Enterprises Inc)

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Adjustments Upon Certain Events. Subject to the terms of the Plan, in the event of any change in the outstanding Shares by reason of any Share dividend or split, reorganization, recapitalization, merger, consolidation, amalgamation, spin-off or combination transaction or exchange of Shares or other similar events (collectively, an "Adjustment Event"), the Committee shall, in its sole discretion, make an appropriate and equitable adjustment in the number of Shares subject to this Agreement to reflect such Adjustment Event. Any such adjustment made by the Committee shall be final and binding upon the Participant, the Company and all other interested persons.

Appears in 3 contracts

Samples: Non Qualified Stock Option Agreement (Hovnanian Enterprises Inc), Stock Option Agreement (Hovnanian Enterprises Inc), Incentive Stock Option Agreement (Hovnanian Enterprises Inc)

Adjustments Upon Certain Events. Subject to the terms of the Plan, in the event of any change in the outstanding Shares by reason of any Share dividend or split, reorganization, recapitalization, merger, consolidation, amalgamation, spin-off or combination transaction or exchange of Shares or other similar events (collectively, an "Adjustment Event"), the Committee shallmay, in its sole discretion, make an appropriate and equitable adjustment in the number of Shares RSUs subject to this Agreement to reflect such Adjustment Event. Any such adjustment made by the Committee shall be final and binding upon the Participant, the Company and all other interested persons.

Appears in 1 contract

Samples: Restricted Share Unit Agreement (Hovnanian Enterprises Inc)

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