Common use of Adjustments Upon Specified Events Clause in Contracts

Adjustments Upon Specified Events. Upon the occurrence of certain events relating to the Company’s stock contemplated by Section 11 of the Plan (including, without limitation, an extraordinary cash dividend on such stock), the Committee shall make adjustments in accordance with such section in the number of Stock Units then outstanding and the number and kind of securities that may be issued in respect of the Award. No such adjustment shall be made with respect to any ordinary cash dividend for which Dividend Equivalent Rights are credited pursuant to Section 5(b).

Appears in 11 contracts

Samples: Restricted Stock Unit Award Agreement (Apple Inc.), Restricted Stock Unit Award Agreement (Apple Inc.), Restricted Stock Unit Award Agreement

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Adjustments Upon Specified Events. Upon the occurrence of certain events relating to the Company’s stock contemplated by Section 11 of the Plan (including, without limitation, an extraordinary cash dividend on such stock), the Committee shall make adjustments in accordance with such section in the number of Stock Units RSUs then outstanding and the number and kind of securities that may be issued in respect of the Award. No such adjustment shall be made with respect to any ordinary cash dividend for which Dividend Equivalent Rights are credited pursuant to Section 5(b).

Appears in 5 contracts

Samples: Restricted Stock Unit Award Agreement (Apple Inc.), Restricted Stock Unit Award Agreement (Apple Inc.), Restricted Stock Unit Award Agreement (Apple Inc.)

Adjustments Upon Specified Events. Upon the occurrence of certain events relating to the Company’s stock contemplated by Section 11 11.1 of the Plan (including, without limitation, an extraordinary cash dividend on such stock), the Committee shall make adjustments in accordance with such section in the number of Stock Units stock units then outstanding and the number and kind of securities that may be issued in respect of the Award. No such adjustment shall be made with respect to any ordinary cash dividend for which Dividend Equivalent Rights are credited pursuant to Section 5(b).

Appears in 4 contracts

Samples: Performance Stock Unit Agreement, Performance Stock Unit Agreement, Performance Stock Unit Agreement (DealerTrack Holdings, Inc.)

Adjustments Upon Specified Events. Upon the occurrence of certain events relating to the Company’s stock contemplated by Section 11 11.1 of the Plan (including, without limitation, an extraordinary cash dividend on such stock), the Committee shall make adjustments in accordance with such section in the number of Restricted Stock Units then outstanding and the number and kind of securities that may be issued in respect of the Award. No such adjustment shall be made with respect to any ordinary cash dividend for which Dividend Equivalent Rights are credited pursuant to Section 5(b).

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (DealerTrack Holdings, Inc.)

Adjustments Upon Specified Events. Upon the occurrence of certain events relating to the Company’s stock contemplated by Section 11 Article XV of the Plan (including, without limitation, an extraordinary cash dividend on such stock), the Committee shall make adjustments in accordance with such section in the number of Restricted Stock Units then outstanding and the number and kind of securities that may be issued in respect of the Award. No such adjustment shall be made with respect to any ordinary cash dividend for which Dividend Equivalent Rights dividend equivalents are credited pursuant to Section 5(b4(b).

Appears in 1 contract

Samples: Restricted Stock Unit Award (Indie Semiconductor, Inc.)

Adjustments Upon Specified Events. Upon the occurrence of certain events relating to the Company’s stock contemplated by Section 11 7 of the Plan (including, without limitation, an extraordinary cash dividend on such stock)Plan, the Committee Board shall make adjustments in accordance with such section in the number of Stock Units then outstanding and the number and kind type of securities that may be issued in respect of the Award. No such adjustment shall be made with respect to any ordinary cash dividend for which Dividend Equivalent Rights are credited pursuant to Section 5(b).

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Apple Inc)

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Adjustments Upon Specified Events. Upon the occurrence of certain events relating to the Company’s stock contemplated by Section 11 of the Plan (including, without limitation, an extraordinary cash dividend on such stock), the Committee shall make adjustments in accordance with such section in the number of Stock Units then outstanding and the number and kind of securities that may be issued in respect of the Award. No such adjustment shall be made with respect to any ordinary cash dividend for which Dividend Equivalent Rights are credited pursuant to Section 5(b).

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Apple Inc)

Adjustments Upon Specified Events. Upon the occurrence of certain events relating to the Company’s stock contemplated by Section 11 of the Plan (including, without limitation, an extraordinary cash dividend on such stock), the Committee shall make adjustments in accordance with such section in the number of Stock Units then outstanding and the number and kind of securities that may be issued in respect of the Award. No such adjustment shall be made with respect to any ordinary cash dividend for which Dividend Equivalent Rights are credited pursuant to Section 5(b). 11.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement

Adjustments Upon Specified Events. Upon the occurrence of certain events relating to the Company’s stock contemplated by Section 11 8 of the Plan (including, without limitation, an extraordinary cash dividend on such stock), the Committee Board shall make adjustments in accordance with such section in the number of Stock Units then outstanding and the number and kind type of securities that may be issued in respect of the Award. No such adjustment shall be made with respect to any ordinary cash dividend for which Dividend Equivalent Rights are credited pursuant to Section 5(b).

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement

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