Common use of Adjustments Upon Change in Capitalization Clause in Contracts

Adjustments Upon Change in Capitalization. The terms of this Agreement, including the Performance Shares, the Participant’s Performance Share Account, any dividend equivalent payments accrued pursuant to Section 7, and/or the Shares, will be subject to adjustment in accordance with Section 13 of the Plan. This paragraph will also apply with respect to any extraordinary dividend or other extraordinary distribution in respect of the Common Stock (whether in the form of cash or other property).

Appears in 3 contracts

Samples: Performance Share Agreement (Hilton Worldwide Holdings Inc.), Performance Share Agreement (Hilton Worldwide Holdings Inc.), Performance Share Agreement (Hilton Worldwide Holdings Inc.)

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Adjustments Upon Change in Capitalization. The terms of this Agreement, including the Performance Shares, the Participant’s Performance Share Account, any dividend equivalent payments accrued pursuant to Section 7, and/or the Shares, will shall be subject to adjustment in accordance with Section 13 12 of the Plan. This paragraph will shall also apply with respect to any extraordinary dividend or other extraordinary distribution in respect of the Company’s Common Stock (whether in the form of cash or other property).

Appears in 2 contracts

Samples: Performance Share Agreement (Hilton Grand Vacations Inc.), Performance Share Agreement (Park Hotels & Resorts Inc.)

Adjustments Upon Change in Capitalization. The terms of this Agreement, including the Performance Shares, the Participant’s Performance Share Account, any dividend equivalent payments accrued pursuant to Section 7, and/or the Shares, will shall be subject to adjustment in accordance with Section 13 12 of the Plan. This paragraph will shall also apply with respect to any extraordinary dividend or other extraordinary distribution in respect of the Company’s Common Stock (whether in the form of cash or other property).

Appears in 2 contracts

Samples: Performance Share Agreement (Hilton Worldwide Holdings Inc.), Performance Share Agreement (Hilton Worldwide Holdings Inc.)

Adjustments Upon Change in Capitalization. The terms of this Agreement, including the Performance Shares, the Participant’s Performance Share Account, Shares and any dividend equivalent payments accrued pursuant to Section 76, and/or the Shares, will shall be subject to adjustment in accordance with Section 13 12 of the Plan. This paragraph will shall also apply with respect to any extraordinary dividend or other extraordinary distribution in respect of the Company’s Common Stock (whether in the form of cash or other property).

Appears in 1 contract

Samples: Restricted Share Agreement (Hilton Worldwide Holdings Inc.)

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Adjustments Upon Change in Capitalization. The terms of this Agreement, including the Performance Shares, the Participant’s Performance Share Account, any dividend equivalent payments accrued pursuant to Section 7, Shares and/or the Shares, will shall be subject to adjustment in accordance with Section 13 12 of the Plan. This paragraph will shall also apply with respect to any extraordinary dividend or other extraordinary distribution in respect of the Company’s Common Stock (whether in the form of cash or other property).

Appears in 1 contract

Samples: Performance Share Agreement (Hilton Worldwide Holdings Inc.)

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