Award Adjustments. The number of RSUs granted under this Award shall, at the discretion of the Committee, be subject to adjustment under the Plan in the event the outstanding shares of Common Stock are hereafter increased, decreased, changed into or exchanged for a different number or kind of shares of Common Stock or for other securities of the Company or of another corporation, by reason of any reorganization, merger, consolidation, reclassification, stock split up, combination of shares of Common Stock, or dividend payable in shares of Common Stock or other securities of the Company. If Recipient receives any additional RSUs pursuant to the Plan, such additional (or other) RSUs shall be deemed granted hereunder and shall be subject to the same restrictions and obligations on the RSUs as originally granted as imposed by this Agreement.
Award Adjustments. Subject to Section 12(b) and to the extent consistent with the requirements of Section 162(m) of the Code, the Committee shall have authority to make adjustments to the terms and conditions of the Award in, recognition of unusual or nonrecurring events affecting the Company or its Subsidiaries, or the financial statements of the Company, or of changes in applicable laws, regulations or accounting principles, if the Committee determines that such adjustments are appropriate in order to prevent dilution or enlargement of the benefits or potential benefits intended to be made available under the Plan or necessary or appropriate to comply with applicable laws, rules or regulations; provided, however, that if the Participant is a Covered Employee, such adjustments may only be made if the effect thereof is to reduce the value and payout of the Award.
Award Adjustments. In accordance with law and the agreement of the parties, grant funds available under the Agreement may be increased or decreased based on changes to the amount of services provided, the Grantee’s performance and adherence to the Standards of Practice, and the availability of funds.
Award Adjustments. Immediately upon receipt of any notice pursuant to sections A.3.5.1 and A.3.5.2 above, TVA will calculate adjusted Maximum Annual Awards (Adjusted Awards) for the Evaluation Period. The Adjusted Awards will be calculated by applying the information, projections, and Metrics provided in Customer’s Certification or notice to the same formula that was used in calculating the Maximum Annual Awards set out in the tabulation in section A.3.4 above, except that the total kWh usage and highest Total Metered Demand for each month in the previous year will be used in the calculation in place of Customer’s projections for that period. The Adjusted Awards will also reflect the recovery of any Xxxx Credits received by the Customer during the Award Period for which the Customer was not qualified. If the Adjusted Awards are less than the Maximum Annual Awards for those years set out in section A.3.4 above, the sum of Customer’s monthly Xxxx Credits in the remaining Award Period years will be equal to the Adjusted Awards for the remaining Award Period minus the difference between the monthly Xxxx Credits Customer received and the amount that the Xxxx Credits would have been if they had been calculated using the Metrics provided in Customer’s Certification or notice. Notwithstanding TVA’s calculation of Adjusted Awards, Customer will not earn in any month Xxxx Credits greater than 1/12 the Maximum Annual Awards set out above. A.3.7.2 Disqualification. TVA will use Customer’s Metrics and other information available to TVA during the Evaluation Period and Award Period to determine whether Customer remains eligible to participate in the Investment Credit. If at any time during the term of this agreement TVA determines that Customer ceases to qualify for the Investment Credit, the Xxxx Credits provided under A.3.4 above will be discontinued. If during the Award Period Customer provides certification that it again meets the eligibility requirements set forth in this agreement, the Xxxx Credits will resume. Customer will not be eligible for Xxxx Credits for those periods when it does not qualify. Should Distributor provide notice to terminate its power supply contract effective prior to the completion of the Award Period, (a) Customer will cease to qualify for the Investment Credit pursuant to A.2.2 of this agreement, and (b) Customer will not be eligible for Xxxx Credits for those periods when it does not qualify. It is further recognized that Customer will not be required to r...
Award Adjustments. The foregoing share amounts and share purchase prices shall be adjusted, as necessary, to give effect to: (A) any stock split, reverse stock split, stock dividend, recapitalization or similar transaction affecting the Company’s Class A common stock that is effected after the Effective Date, or (B) any change in the aggregate compensation payable to executive officers of the Company, as determined by the Compensation Committee of the Board of Directors.
Award Adjustments. Subject to the limitations set forth in Article XIII, the Committee may make any adjustment in the exercise price or the number of shares subject to, or the terms of, a Nonqualified Stock Option or Limited Stock Appreciation Right. Such adjustment shall be made by amending, substituting or cancelling and regranting an outstanding Nonqualified Stock Option or Limited Stock Appreciation Right with the inclusion of terms and conditions that may differ from the terms and conditions of the original Nonqualified Stock Option or Limited Stock Appreciation Right. If such action is effected by amendment, the effective date of such amendment shall be the date of the original grant.
