Common use of Adjustments Upon Specified Events Clause in Contracts

Adjustments Upon Specified Events. Upon the occurrence of certain events relating to the Corporation’s stock contemplated by Section 7.1 of the Plan, the Administrator shall make adjustments in accordance with such section in the number and kind of securities that may become vested under the Award. If any adjustment shall be made under Section 7.1 of the Plan or an event described in Section 7.2 of the Plan shall occur and the shares of Restricted Stock are not fully vested upon such event or prior thereto, the restrictions applicable to such shares of Restricted Stock shall continue in effect with respect to any consideration, property or other securities (the “Restricted Property” and, for the purposes of this Award Agreement, “Restricted Stock” shall include “Restricted Property”, unless the context otherwise requires) received in respect of such Restricted Stock. Such Restricted Property shall vest at such times and in such proportion as the shares of Restricted Stock to which the Restricted Property is attributable vest, or would have vested pursuant to the terms hereof if such shares of Restricted Stock had remained outstanding. To the extent that the Restricted Property includes any cash (other than regular cash dividends), such cash shall be invested, pursuant to policies established by the Administrator, in interest bearing, FDIC-insured (subject to applicable insurance limits) deposits of a depository institution selected by the Administrator, the earnings on which shall be added to and become a part of the Restricted Property.

Appears in 8 contracts

Samples: Restricted Stock Award Agreement (Francesca's Holdings CORP), Restricted Stock Award Agreement (Francesca's Holdings CORP), Performance Stock Award Agreement (Francesca's Holdings CORP)

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Adjustments Upon Specified Events. Upon the occurrence of certain events relating to the Corporation’s stock contemplated by Section 7.1 of the Plan, the Administrator shall will make adjustments in accordance with such section if appropriate in the number and kind of securities that may become vested under the Award. If any such adjustment shall be is made under Section 7.1 of the Plan or an event described in Section 7.2 of the Plan shall occur and the shares of Restricted Stock are not fully vested upon such event or prior thereto, the restrictions applicable to such shares of Restricted Stock shall continue in effect with respect to any consideration, property or other securities (the “Restricted Property” and, for the purposes of this Award Agreement, “Restricted Stock” shall include “Restricted Property”, ,” unless the context otherwise requires) received in respect of such Restricted Stock. Such Restricted Property shall vest at such times and in such proportion as the shares of Restricted Stock to which the Restricted Property is attributable vest, or would have vested pursuant to the terms hereof if such shares of Restricted Stock had remained outstanding. To the extent that the Restricted Property includes any cash (other than regular cash dividendsdividends provided for in Section 6 hereof), such cash shall be invested, pursuant to policies established by the Administrator, in interest bearing, FDIC-insured (subject to applicable insurance limits) deposits of a depository institution selected by the Administrator, the earnings on which shall be added to and become a part of the Restricted Property.

Appears in 6 contracts

Samples: Employment Agreement (Signature Group Holdings, Inc.), Employment Agreement (Signature Group Holdings, Inc.), Option Agreement (Signature Group Holdings Inc)

Adjustments Upon Specified Events. Upon the occurrence of certain events relating to the CorporationCompany’s stock contemplated by Section 7.1 4.3 of the Plan, the Administrator Committee shall make adjustments in accordance with such section in the number and kind of securities that may become vested under the Award. If any adjustment shall be is made under Section 7.1 4.3 of the Plan or an event described in Section 7.2 of the Plan shall occur and the shares of Restricted Stock Shares are not fully vested upon such event or prior thereto, the restrictions applicable to such shares of Restricted Stock Shares shall continue in effect with respect to any consideration, property or other securities (the “Restricted Property” and, for the purposes of this Award Agreement, “Restricted StockShares” shall include “Restricted Property”, unless the context otherwise requires) received in respect of such Restricted StockShares. Such Restricted Property shall vest at such times and in such proportion as the shares of Restricted Stock Shares to which the Restricted Property is attributable vest, or would have vested pursuant to the terms hereof if such shares of Restricted Stock Shares had remained outstanding. To the extent that the Restricted Property includes any cash (other than regular cash dividends), such cash shall be invested, pursuant to policies established by the AdministratorCommittee, in interest bearing, FDIC-insured (subject to applicable insurance limits) deposits of a depository institution selected by the AdministratorCommittee, the earnings on which shall be added to and become a part of the Restricted Property.

Appears in 6 contracts

Samples: Restricted Stock Award Agreement (Cell Therapeutics Inc), Restricted Stock Award Agreement (Cell Therapeutics Inc), Restricted Stock Award Agreement (Cell Therapeutics Inc)

Adjustments Upon Specified Events. Upon the occurrence of certain events relating to the Corporation’s stock contemplated by Section 7.1 of the Plan, the Administrator shall make adjustments in accordance with such section if appropriate in the number and kind of securities that may become vested under the Award. If any adjustment shall be made under Section 7.1 of the Plan or an event described in Section 7.2 7.3 of the Plan shall occur and the shares of Restricted Stock are not fully vested upon such event or prior thereto, the restrictions applicable to such shares of Restricted Stock shall continue in effect with respect to any consideration, property consideration or other securities (the “Restricted Property” and, for the purposes of this Award Agreement, “Restricted Stock” shall include “Restricted Property”, unless the context otherwise requires) received in respect of such Restricted Stock. Such Restricted Property shall vest at such times and in such proportion as the shares of Restricted Stock to which the Restricted Property is attributable vest, or would have vested pursuant to the terms hereof if such shares of Restricted Stock had remained outstanding. To the extent that the Restricted Property includes any cash (other than regular cash dividendsdividends provided for in Section 5 hereof), such cash shall be invested, pursuant to policies established by the Administrator, in interest bearing, FDIC-insured (subject to applicable insurance limits) deposits of a depository institution selected by the Administrator, the earnings on which shall be added to and become a part of the Restricted Property.

Appears in 5 contracts

Samples: Restricted Stock Award Agreement (New Century Financial Corp), Employee Restricted Stock Award Agreement (New Century Financial Corp), Employee Restricted Stock Award Agreement (New Century Financial Corp)

Adjustments Upon Specified Events. Upon the occurrence of certain events relating to the Corporation’s stock contemplated by Section 7.1 6.2 of the Plan, the Administrator Committee shall make adjustments in accordance with such section as it deems appropriate in the number and kind of securities or other consideration that may become vested under the an Award. If any adjustment shall be made under Section 7.1 6.2 of the Plan or an event described a Change in Section 7.2 of the Plan Control Event shall occur and the shares of Restricted Stock are not fully vested upon such event Event or prior thereto, the restrictions applicable to such shares of Restricted Stock shall continue in effect with respect to any consideration, property consideration or other securities (the “Restricted Property” and, for the purposes of this Award Agreement, “Restricted Stock” shall include “Restricted Property”, ,” unless the context otherwise requires) received in respect of such Restricted Stock. Such Restricted Property shall vest at such times and in such proportion as the shares of Restricted Stock to which the Restricted Property is attributable vest, or would have vested pursuant to the terms hereof if such shares of Restricted Stock had remained outstanding. To Notwithstanding the foregoing, to the extent that the Restricted Property includes any cash, the commitment hereunder shall become an unsecured promise to pay an amount equal to such cash (other than regular cash dividends), with earnings attributable thereto as if such cash shall be amount had been invested, pursuant to policies established by the AdministratorCommittee, in interest bearing, FDIC-insured (subject to applicable insurance limits) deposits of a depository institution selected by the Administrator, the earnings on which shall be added to Committee) at such times and become a part of in such proportions as the Restricted PropertyStock would have vested.

Appears in 3 contracts

Samples: Restricted Stock Award Agreement (Macerich Co), Restricted Stock Award Agreement (Macerich Co), Restricted Stock Award Agreement (Macerich Co)

Adjustments Upon Specified Events. Upon the occurrence of certain events relating to the Corporation’s stock contemplated by Section 7.1 of the Plan, the Administrator shall make adjustments in accordance with such section if appropriate in the number and kind of securities that may become vested under the Award. If any adjustment shall be made under Section 7.1 of the Plan or an event described in Section 7.2 7.3 of the Plan shall occur and the shares of Restricted Stock are not fully vested upon such event or prior thereto, the restrictions applicable to such shares of Restricted Stock shall continue in effect with respect to any consideration, property or other securities (the “Restricted Property” and, for the purposes of this Award Agreement, “Restricted Stock” shall include “Restricted Property”, unless the context otherwise requires) received in respect of such Restricted Stock. Such Restricted Property shall vest at such times and in such proportion as the shares of Restricted Stock to which the Restricted Property is attributable vest, or would have vested pursuant to the terms hereof if such shares of Restricted Stock had remained outstanding. To the extent that the Restricted Property includes any cash (other than regular cash dividends), such cash shall be invested, pursuant to policies established by the Administrator, in interest bearing, FDIC-insured (subject to applicable insurance limits) deposits of a depository institution selected by the Administrator, the earnings on which shall be added to and become a part of the Restricted Property.

Appears in 3 contracts

Samples: Restricted Stock Award Agreement (Resources Connection Inc), Performance Incentive Plan Restricted Stock Award Agreement (Apria Healthcare Group Inc), 2006 Performance Incentive Plan Restricted Stock Award Agreement (Health Care Property Investors Inc)

Adjustments Upon Specified Events. Upon the occurrence of certain events relating to the Corporation’s 's stock contemplated by Section 7.1 of the Plan, the Administrator shall make adjustments in accordance with such section if appropriate in the number and kind of securities that may become vested under the AwardAward and in the Participant's Ownership Threshold. If any adjustment shall be made under Section 7.1 of the Plan or an event described in Section 7.2 7.3 of the Plan shall occur and the shares of Restricted Stock are not fully vested upon such event or prior thereto, the restrictions applicable to such shares of Restricted Stock shall continue in effect with respect to any consideration, property consideration or other securities (the "Restricted Property" and, for the purposes of this Award Agreement, "Restricted Stock" shall include "Restricted Property", unless the context otherwise requires) received in respect of such Restricted Stock. Such Restricted Property shall vest at such times and in such proportion as the shares of Restricted Stock to which the Restricted Property is attributable vest, or would have vested pursuant to the terms hereof if such shares of Restricted Stock had remained outstanding. To the extent that the Restricted Property includes any cash (other than regular cash dividendsdividends provided for in Section 5 hereof), such cash shall be invested, pursuant to policies established by the Administrator, in interest bearing, FDIC-insured (subject to applicable insurance limits) deposits of a depository institution selected by the Administrator, the earnings on which shall be added to and become a part of the Restricted Property.

Appears in 2 contracts

Samples: Incentive Plan Restricted Stock Award Agreement (Mentor Corp /Mn/), Incentive Plan Restricted Stock Award Agreement (Mentor Corp /Mn/)

Adjustments Upon Specified Events. Upon the occurrence of certain events relating to the Corporation’s stock contemplated by Section 7.1 7.3.1 of the Plan, the Administrator shall Committee may, to such extent (if any) it deems appropriate and equitable in the circumstances, make adjustments in accordance with such section in the number and kind of securities that may become vested under the Award. If any adjustment shall be is made under to the Restricted Shares pursuant to Section 7.1 7.3.1 of the Plan or an event described in Section 7.2 of the Plan shall occur and the shares of Restricted Stock are not fully vested upon such event or prior theretoPlan, the restrictions applicable to such shares of the Restricted Stock shall Shares will continue in effect with respect to any consideration, property consideration or other securities (the “Restricted Property” and, for the purposes of this Award Agreement, “Restricted StockShares” shall include “Restricted Property”, ,” unless the context otherwise requires) received in respect of such Restricted StockShares. Such Restricted Property shall vest at such times and in such proportion as the shares of Restricted Stock Shares to which the Restricted Property is attributable vest, or would have vested pursuant to the terms hereof if such shares of Restricted Stock Shares had remained outstanding. To the extent that the Restricted Property includes any cash (other than regular cash dividendsdividends provided for in Section 5 hereof), such cash shall be invested, pursuant to policies established by the Administrator, in interest bearing, FDIC-insured (subject to applicable insurance limits) bearing deposits of a depository institution selected by the AdministratorCommittee, the earnings on which shall be added to and become a part of the Restricted Property.

Appears in 2 contracts

Samples: Restricted Stock Agreement (Affinion Group, Inc.), Restricted Stock Agreement (Affinion Loyalty Group, Inc.)

Adjustments Upon Specified Events. Upon the occurrence of certain events relating to a stock split, reverse stock split, stock dividend or any other change in capitalization, reorganization, merger or similar event affecting the Corporation’s stock contemplated by Section 7.1 of the Plan, the Administrator shall make adjustments in accordance with such section in the number and kind of securities that may become vested under the Award. If any adjustment shall be made under Section 7.1 of the Plan or an event described in Section 7.2 of the Plan shall occur and the shares of Restricted Stock are not fully vested upon such event or prior theretoCommon Stock, the restrictions and limitations applicable to such shares of the Restricted Stock shall Shares under this Agreement will continue in effect with respect to any consideration, property consideration or other securities (the “Restricted Property” and, for the purposes of this Award Agreement, “Restricted StockShares” shall include Restricted Property, unless the context otherwise requires) received in respect of such Restricted StockShares. Such Restricted Property shall vest at such times and in such proportion as the shares of Restricted Stock Shares to which the Restricted Property is attributable vest, or would have vested pursuant to the terms hereof if such shares of Restricted Stock Shares had remained outstanding. To the extent that the Restricted Property includes any cash (other than regular cash dividends)dividends provided for in Section 4 hereof) that is retained by the Corporation prior to the vesting of the related Restricted Shares, such cash shall be invested, pursuant to policies established by the AdministratorCorporation, in interest bearing, FDIC-insured (subject to applicable insurance limits) deposits of a depository institution selected by the AdministratorCorporation until the vesting or forfeiture thereof, the earnings on which shall be added to and become a part of the Restricted Property.

Appears in 2 contracts

Samples: Restricted Stock Award Agreement (Luminent Mortgage Capital Inc), Restricted Stock Award Agreement (Luminent Mortgage Capital Inc)

Adjustments Upon Specified Events. Upon the occurrence of certain events relating to the Corporation’s stock contemplated by Section 7.1 of the Plan, the Administrator shall make adjustments in accordance with such section if appropriate in the number and kind of securities that may become vested under the an Award. If any adjustment shall be made under Section 7.1 of the Plan or an event described in Section 7.2 7.3 of the Plan shall occur and the shares of Restricted Stock are not fully vested upon such event or prior thereto, the restrictions applicable to such shares of Restricted Stock shall continue in effect with respect to any consideration, property consideration or other securities (the “Restricted Property” and, for the purposes of this Award Agreement, “Restricted Stock” shall include “Restricted Property”, unless the context otherwise requires) received in respect of such Restricted Stock. Such Restricted Property shall vest at such times and in such proportion as the shares of Restricted Stock to which the Restricted Property is attributable vest, or would have vested pursuant to the terms hereof if such shares of Restricted Stock had remained outstanding. To the extent that the Restricted Property includes any cash (other than regular cash dividendsdividends provided for in Section 5 hereof), such cash shall be invested, pursuant to policies established by the Administrator, in interest bearing, FDIC-insured (subject to applicable insurance limits) deposits of a depository institution selected by the Administrator, the earnings on which shall be added to and become a part of the Restricted Property.

Appears in 2 contracts

Samples: 2004 Performance Incentive Plan Director Restricted Stock Award Agreement (New Century Financial Corp), 2004 Performance Incentive Plan Director Restricted Stock Award Agreement (New Century Financial Corp)

Adjustments Upon Specified Events. Upon the occurrence of certain events relating to the Corporation’s stock contemplated by Section 7.1 of the Plan, the Administrator shall will make adjustments in accordance with such section if appropriate in the number and kind of securities that may become vested under the Award. If any such adjustment shall be is made under Section 7.1 of the Plan or an event described in Section 7.2 7.3 of the Plan shall occur occur, and the shares of Restricted Stock are not fully vested upon such event or prior thereto, the restrictions applicable to such shares of Restricted Stock shall continue in effect with respect to any consideration, property or other securities (the “Restricted Property” and, for the purposes of this Award Agreement, “Restricted Stock” shall include “Restricted Property”, ,” unless the context otherwise requires) received in respect of such Restricted Stock. Such Restricted Property shall vest at such times and in such proportion as the shares of Restricted Stock to which the Restricted Property is attributable vest, or would have vested pursuant to the terms hereof if such shares of Restricted Stock had remained outstanding. To the extent that the Restricted Property includes any cash (other than regular cash dividendsdividends provided for in Section 5 hereof), such cash shall be invested, pursuant to policies established by the Administrator, in interest bearing, FDIC-insured (subject to applicable insurance limits) deposits of a depository institution selected by the Administrator, the earnings on which shall be added to and become a part of the Restricted Property.

Appears in 2 contracts

Samples: Restricted Stock Award Agreement (Signature Group Holdings, Inc.), Restricted Stock Award Agreement (Signature Group Holdings, Inc.)

Adjustments Upon Specified Events. Upon the occurrence of certain events relating to the Corporation’s common stock contemplated by Section 7.1 of the Plan, the Administrator shall make adjustments in accordance with such section in the number and kind of securities that may become vested under the Award. If any adjustment shall be is made under Section 7.1 of the Plan or an event described in Section 7.2 of the Plan shall occur and the shares of Restricted Stock Shares are not fully vested upon such event or prior thereto, the restrictions applicable to such shares of Restricted Stock Shares shall continue in effect with respect to any consideration, property or other securities (the “Restricted Property” and, for the purposes of this Award Agreement, “Restricted StockShares” shall include “Restricted Property”, unless the context otherwise requires) received in respect of such Restricted StockShares. Such Restricted Property shall vest at such times and in such proportion as the shares of Restricted Stock Shares to which the Restricted Property is attributable vest, or would have vested pursuant to the terms hereof if such shares of Restricted Stock Shares had remained outstanding. To the extent that the Restricted Property includes any cash (other than regular cash dividends), such cash shall be invested, pursuant to policies established by the Administrator, in interest bearing, FDIC-Federal Deposit Insurance Corporation insured (subject to applicable insurance limits) deposits of a depository institution selected by the Administrator, the earnings on which shall be added to and become a part of the Restricted Property.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Cti Biopharma Corp)

Adjustments Upon Specified Events. Upon the occurrence of certain events relating to the CorporationCompany’s common stock contemplated by Section 7.1 4.3 of the Plan, the Administrator Committee shall make adjustments in accordance with such section in the number and kind of securities that may become vested under the Award. If any adjustment shall be is made under Section 7.1 4.3 of the Plan or an event described in Section 7.2 of the Plan shall occur and the shares of Restricted Stock Shares are not fully vested upon such event or prior thereto, the restrictions applicable to such shares of Restricted Stock Shares shall continue in effect with respect to any consideration, property or other securities (the “Restricted Property” and, for the purposes of this Award Agreement, “Restricted StockShares” shall include “Restricted Property”, unless the context otherwise requires) received in respect of such Restricted StockShares. Such Restricted Property shall vest at such times and in such proportion as the shares of Restricted Stock Shares to which the Restricted Property is attributable vest, or would have vested pursuant to the terms hereof if such shares of Restricted Stock Shares had remained outstanding. To the extent that the Restricted Property includes any cash (other than regular cash dividends), such cash shall be invested, pursuant to policies established by the AdministratorCommittee, in interest bearing, FDIC-Federal Deposit Insurance Corporation insured (subject to applicable insurance limits) deposits of a depository institution selected by the AdministratorCommittee, the earnings on which shall be added to and become a part of the Restricted Property.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Cti Biopharma Corp)

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Adjustments Upon Specified Events. Upon the occurrence of certain events relating to the Corporation’s 's stock contemplated by Section 7.1 of the Plan, the Administrator shall will make adjustments in accordance with such section if appropriate in the number and kind of securities that may become vested under the Award. If any such adjustment shall be is made under Section 7.1 of the Plan Plan, or an event described in Section 7.2 7.3 of the Plan shall occur occur, and the shares of Restricted Stock are not fully vested upon such event or prior thereto, the restrictions applicable to such shares of Restricted Stock shall continue in effect with respect to any consideration, property or other securities (the “Restricted Property” "RESTRICTED PROPERTY" and, for the purposes of this Award Agreement, "Restricted Stock" shall include "Restricted Property”, ," unless the context otherwise requires) received in respect of such Restricted Stock. Such Restricted Property shall vest at such times and in such proportion as the shares of Restricted Stock to which the Restricted Property is attributable vest, or would have vested pursuant to the terms hereof if such shares of Restricted Stock had remained outstanding. To the extent that the Restricted Property includes any cash (other than regular cash dividendsdividends provided for in Section 5 hereof), such cash shall be invested, pursuant to policies established by the Administrator, in interest bearing, FDIC-insured (subject to applicable insurance limits) deposits of a depository institution selected by the Administrator, the earnings on which shall be added to and become a part of the Restricted Property.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Fremont General Corp)

Adjustments Upon Specified Events. Upon the occurrence of certain events relating to the Corporation’s stock contemplated by Section 7.1 11(a) of the Plan, the Administrator Committee shall make adjustments in accordance with such section if appropriate in the number and kind of securities that may become vested under the an Award. If any adjustment shall be made under Section 7.1 11(a) of the Plan or an event described in Section 7.2 11(c) of the Plan shall occur and the shares of Restricted Stock are not fully vested upon such event or prior thereto, the restrictions applicable to such shares of Restricted Stock shall continue in effect with respect to any consideration, property consideration or other securities (the “Restricted Property” and, for the purposes of this Award Agreement, “Restricted Stock” shall include “Restricted Property”, unless the context otherwise requires) received in respect of such Restricted Stock. Such Restricted Property shall vest at such times and in such proportion as the shares of Restricted Stock to which the Restricted Property is attributable vest, or would have vested pursuant to the terms hereof if such shares of Restricted Stock had remained outstanding. To the extent that the Restricted Property includes any cash (other than regular cash dividendsdividends provided for in Section 4 hereof), such cash shall be invested, pursuant to policies established by the AdministratorCommittee, in interest bearing, FDIC-insured (subject to applicable insurance limits) deposits of a depository institution selected by the AdministratorCommittee, the earnings on which shall be added to and become a part of the Restricted Property.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Electronics for Imaging Inc)

Adjustments Upon Specified Events. Upon the occurrence of certain events relating If any change is made to the Corporation’s Common Stock by reason of any stock contemplated by Section 7.1 split, stock dividend, recapitalization, combination of shares, exchange of shares, Corporate Transaction or other change affecting the Planoutstanding Common Stock as a class, the Administrator appropriate adjustment shall make adjustments in accordance with such section in be made to the number and kind and/or class of securities that may become vested in effect under this Agreement. Such adjustments to the Awardoutstanding Restricted Stock are to be effected in a manner which shall preclude the enlargement or dilution of rights and benefits under this Agreement. The adjustments determined by the Corporation shall be final, binding and conclusive. If any adjustment shall be made under Section 7.1 of pursuant to the Plan foregoing or an event described in Section 7.2 of the Plan shall occur any dividend other than a regular cash dividend is declared and the shares of Restricted Stock are not fully vested upon such event or prior thereto, the restrictions applicable to such shares of Restricted Stock shall continue in effect with respect to any consideration, property consideration or other securities (the “Restricted Property” and, for the purposes of this Award Agreement, “Restricted Stock” shall include “Restricted Property”, ,” unless the context otherwise requires) received in respect of such Restricted Stock. Such Restricted Property shall vest at such times and in such proportion as the shares of Restricted Stock to which the Restricted Property is attributable vest, or would have vested pursuant to the terms hereof if such shares of Restricted Stock had remained outstanding. To the extent that the Restricted Property includes any cash (other than regular cash dividends), such cash shall be invested, pursuant to policies established by the Administrator, in interest bearing, FDIC-insured (subject to applicable insurance limits) deposits of a depository institution selected by the Administrator, the earnings on which shall be added to and become a part of the Restricted Property.

Appears in 1 contract

Samples: Restricted Stock Agreement (Quiksilver Inc)

Adjustments Upon Specified Events. Upon the occurrence of certain events relating to the Corporation’s stock contemplated by Section 7.1 of the Plan, the Administrator shall make adjustments in accordance with such section in the number and kind of securities that may become vested under the Award. If any adjustment shall be made under Section 7.1 of the Plan or an event described in Section 7.2 of the Plan shall occur and the shares of Restricted Stock are not fully vested upon such event or prior thereto, the restrictions applicable to such shares of Restricted Stock shall continue in effect with respect to any consideration, property or other securities (the “Restricted Property” and, for the purposes of this Award Agreement, “Restricted Stock” shall include “Restricted Property”, unless the context otherwise requires) received in respect of such Restricted Stock. Such Restricted Property shall vest at such times and in such proportion as the shares of Restricted Stock to which the Restricted Property is attributable vest, or would have vested pursuant to the terms hereof if such shares of Restricted Stock had remained outstanding. To the extent that the Restricted Property includes any cash (other than regular cash dividends), such cash shall be invested, pursuant to policies established by the Administrator, in interest bearing, FDIC-insured (subject to applicable insurance limits) deposits of a depository institution selected by the Administrator, the earnings on which shall be added to and become a part of the Restricted Property.. ​ ​

Appears in 1 contract

Samples: Employee Restricted Stock Award Agreement (Willdan Group, Inc.)

Adjustments Upon Specified Events. Upon the occurrence of certain events relating If any change is made to the Corporation’s Common Stock by reason of any stock contemplated by Section 7.1 split, stock dividend, recapitalization, combination of shares, exchange of shares or other change affecting the Planoutstanding Common Stock as a class, the Administrator appropriate adjustment shall make adjustments in accordance with such section in be made to the number and kind and/or class of securities that may become vested in effect under this Agreement. Such adjustments to the Awardoutstanding Restricted Stock are to be effected in a manner which shall preclude the enlargement or dilution of rights and benefits under this Agreement. The adjustments determined by the Corporation shall be final, binding and conclusive. If any adjustment shall be made under Section 7.1 of pursuant to the Plan foregoing or an event described in Section 7.2 of the Plan shall occur any dividend other than a regular cash dividend is declared and the shares of Restricted Stock are not fully vested upon such event or prior thereto, the restrictions applicable to such shares of Restricted Stock shall continue in effect with respect to any consideration, property consideration or other securities (the “Restricted Property” and, for the purposes of this Award Agreement, “Restricted Stock” shall include “Restricted Property”, ,” unless the context otherwise requires) received in respect of such Restricted Stock. Such Restricted Property shall vest at such times and in such proportion as the shares of Restricted Stock to which the Restricted Property is attributable vest, or would have vested pursuant to the terms hereof if such shares of Restricted Stock had remained outstanding. To the extent that the Restricted Property includes any cash (other than regular cash dividends), such cash shall be invested, pursuant to policies established by the Administrator, in interest bearing, FDIC-insured (subject to applicable insurance limits) deposits of a depository institution selected by the Administrator, the earnings on which shall be added to and become a part of the Restricted Property.

Appears in 1 contract

Samples: Restricted Stock Agreement (Quiksilver Inc)

Adjustments Upon Specified Events. Upon the occurrence of certain events relating to the Corporation’s 's stock contemplated by Section 7.1 of the Plan, the Administrator shall make adjustments in accordance with such section if appropriate in the number and kind of securities that may become vested under the a Restricted Stock Award. If any adjustment shall be made under Section 7.1 of the Plan or an event described a Change in Section 7.2 of the Plan Control Event shall occur and the shares of Restricted Stock are not fully vested upon such event Change in Control Event or prior thereto, the restrictions applicable to such shares of Restricted Common Stock shall continue in effect with respect to any consideration, property consideration or other securities (the "Restricted Property" and, for the purposes of this Award Agreement, “Restricted "Common Stock" shall include "Restricted Property", unless the context content otherwise requires) received in respect of such Restricted Common Stock. Such Restricted Property shall vest at such times and in such proportion as the shares of Restricted Common Stock to which the Restricted Property is attributable vest, or would have vested pursuant to the terms hereof if such shares of Restricted Common Stock had remained outstanding. To the extent that the Restricted Property includes any cash (other than regular cash dividendsdividends provided for in Section 5 hereof), such cash shall be invested, pursuant to policies established by the Administrator, in interest bearing, FDIC-insured (subject to applicable insurance limits) deposits of a depository institution selected by the Administrator, the earnings on which shall be added to and become a part of the Restricted Property.

Appears in 1 contract

Samples: Restricted Stock Incentive Plan Restricted Stock Award Agreement (Quality Distribution Inc)

Adjustments Upon Specified Events. Upon the occurrence of certain events relating to the Corporation’s stock contemplated by Section 7.1 13(a) of the Plan, the Administrator shall make adjustments in accordance with such section if appropriate in the number and kind of securities that may become vested under the Award. If any adjustment shall be made under Section 7.1 13(a) of the Plan or an event described in Section 7.2 13(f)(i) of the Plan shall occur and the shares of Restricted Stock are not fully vested upon such event or prior thereto, the restrictions applicable to such shares of Restricted Stock shall continue in effect with respect to any consideration, property or other securities (the “Restricted Property” and, for the purposes of this Award Agreement, “Restricted Stock” shall include “Restricted Property”, unless the context otherwise requires) received in respect of such Restricted Stock. Such Restricted Property shall vest at such times and in such proportion as the shares of Restricted Stock to which the Restricted Property is attributable vest, or would have vested pursuant to the terms hereof if such shares of Restricted Stock had remained outstanding. To the extent that the Restricted Property includes any cash (other than regular cash dividends), such cash shall be invested, pursuant to policies established by the Administrator, in interest bearing, FDIC-insured (subject to applicable insurance limits) deposits of a depository institution selected by the Administrator, the earnings on which shall be added to and become a part of the Restricted Property.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Napster Inc)

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