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 MSUs subject to this Agreement, the relevant stock price measurements and such other terms related to the MSUs 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 22 contracts

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

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