Common use of Binding Nature of Agreement Clause in Contracts

Binding Nature of Agreement. The terms and conditions of this Agreement will apply with equal force to any additional and/or substitute securities received by you in exchange for, or by virtue of your granting of, the Restricted Stock Units, whether as a result of any adjustment event or other similar event, except as otherwise determined by the Administrator. If the Restricted Stock Units are converted into or exchanged for, or stockholders of the Company receive by reason of any distribution in total or partial liquidation or pursuant to any merger of the Company or acquisition of its assets, securities of another entity, or other property (including cash), then the rights of the Company under this Agreement will inure to the benefit of the Company’s successor, and this Agreement will apply to the securities or other property received upon such conversion, exchange or distribution in the same manner and to the same extent as the Restricted Stock Units.

Appears in 6 contracts

Samples: Restricted Stock Unit Award Agreement (Emcore Corp), Restricted Stock Unit Award Agreement (Emcore Corp), Restricted Stock Unit Award Agreement (Emcore Corp)

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Binding Nature of Agreement. The terms and conditions of this Agreement will apply with equal force to any additional and/or substitute securities received by you in exchange for, or by virtue of your granting of, the Restricted Stock Units, whether as a result of any adjustment event Adjustment Event or other similar event, except as otherwise determined by the Administrator. If the Restricted Stock Units are converted into or exchanged for, or stockholders of the Company receive by reason of any distribution in total or partial liquidation or pursuant to any merger of the Company or acquisition of its assets, securities of another entity, or other property (including cash), then the rights of the Company under this Agreement will inure to the benefit of the Company’s successor, and this Agreement will apply to the securities or other property received upon such conversion, exchange or distribution in the same manner and to the same extent as the Restricted Stock Units.

Appears in 5 contracts

Samples: Restricted Stock Unit Award Agreement (Emcore Corp), Restricted Stock Unit Award Agreement (Emcore Corp), Restricted Stock Unit Award Agreement (Emcore Corp)

Binding Nature of Agreement. The terms and conditions of this Agreement will apply with equal force to any additional and/or substitute securities received by you in exchange for, or by virtue of your granting of, the Restricted Stock and Restricted Stock Units, whether as a result of any adjustment event Adjustment Event or other similar event, except as otherwise determined by the Administrator. If the Restricted Stock and Restricted Stock Units are converted into or exchanged for, or stockholders of the Company receive by reason of any distribution in total or partial liquidation or pursuant to any merger of the Company or acquisition of its assets, securities of another entity, or other property (including cash), then the rights of the Company under this Agreement will inure to the benefit of the Company’s successor, and this Agreement will apply to the securities or other property received upon such conversion, exchange or distribution in the same manner and to the same extent as the Restricted Stock and Restricted Stock Units.

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement (Emcore Corp), Restricted Stock Unit Award Agreement (Emcore Corp)

Binding Nature of Agreement. The terms and conditions of this Agreement will shall apply with equal force to any additional and/or substitute securities received by you in exchange for, or by virtue of your granting of, the Restricted Stock UnitsOption, whether as a result of any adjustment event spin-off, stock split-up, stock dividend, stock distribution, other reclassification of the Common Stock of the Company, or other similar event, except as otherwise determined by the Administrator. If the Restricted Stock Units Option Shares are converted into or exchanged for, or stockholders of the Company receive by reason of any distribution in total or partial liquidation or pursuant to any merger of the Company or acquisition of its assets, securities of another entity, or other property (including cash), then the rights of the Company under this Agreement will shall inure to the benefit of the Company’s successor, and this Agreement will shall apply to the securities or other property received upon such conversion, exchange or distribution in the same manner and to the same extent as the Restricted Stock UnitsOption Shares.

Appears in 1 contract

Samples: Nil Cost Option Agreement (Vertis Inc)

Binding Nature of Agreement. The terms and conditions of this Agreement will shall apply with equal force to any additional and/or substitute securities received by you in exchange for, or by virtue of your granting ownership of, the Restricted Stock UnitsAward Shares, whether as a result of any adjustment event or other similar eventdescribed in Section 3(c) of the 155 Plan, except as otherwise determined by the Administrator. If the Restricted Stock Units Award Shares are converted into or exchanged for, or stockholders of the Company receive by reason of any distribution in total or partial liquidation or pursuant to any merger of the Company or acquisition of its assets, securities of another entity, or other property (including cash), then the rights of the Company under this Agreement will shall inure to the benefit of the Company’s 's successor, and this Agreement will shall apply to the securities or other property received upon such conversion, exchange or distribution in the same manner and to the same extent as the Restricted Stock UnitsAward Shares.

Appears in 1 contract

Samples: Employment Agreement (BNP Residential Properties Inc)

Binding Nature of Agreement. The terms and conditions of this Agreement will shall apply with equal force to any additional and/or substitute securities received by you in exchange for, or by virtue of your granting ownership of, the Restricted Stock UnitsAward Shares, whether as a result of any adjustment event or other similar eventdescribed in Section 3(c) of the 173 Plan, except as otherwise determined by the Administrator. If the Restricted Stock Units Award Shares are converted into or exchanged for, or stockholders of the Company receive by reason of any distribution in total or partial liquidation or pursuant to any merger of the Company or acquisition of its assets, securities of another entity, or other property (including cash), then the rights of the Company under this Agreement will shall inure to the benefit of the Company’s 's successor, and this Agreement will shall apply to the securities or other property received upon such conversion, exchange or distribution in the same manner and to the same extent as the Restricted Stock UnitsAward Shares.

Appears in 1 contract

Samples: Employment Agreement (BNP Residential Properties Inc)

Binding Nature of Agreement. The terms and conditions of this Agreement will shall apply with equal force to any additional and/or substitute securities received by you in exchange for, or by virtue of your granting ownership of, the Restricted Stock UnitsAward Shares, whether as a result of any adjustment event or other similar eventdescribed in Section 3(c) of the 119 Plan, except as otherwise determined by the Administrator. If the Restricted Stock Units Award Shares are converted into or exchanged for, or stockholders of the Company receive by reason of any distribution in total or partial liquidation or pursuant to any merger of the Company or acquisition of its assets, securities of another entity, or other property (including cash), then the rights of the Company under this Agreement will shall inure to the benefit of the Company’s 's successor, and this Agreement will shall apply to the securities or other property received upon such conversion, exchange or distribution in the same manner and to the same extent as the Restricted Stock UnitsAward Shares.

Appears in 1 contract

Samples: Employment Agreement (BNP Residential Properties Inc)

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Binding Nature of Agreement. The terms and conditions of this Agreement will apply with equal force to any additional and/or substitute securities received by you in exchange for, or by virtue of your granting of, the Restricted Stock Units, whether as a result of any adjustment event or other similar event, except as otherwise determined by the Administrator. If the Restricted Stock Units are converted into or exchanged for, or stockholders of the Company Corporation receive by reason of any distribution in total or partial liquidation or pursuant to any merger of the Company Corporation or acquisition of its assets, securities of another entity, or other property (including cash), then the rights of the Company Corporation under this Agreement will inure to the benefit of the CompanyCorporation’s successor, and this Agreement will apply to the securities or other property received upon such conversion, exchange or distribution in the same manner and to the same extent as the Restricted Stock Units.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Emcore Corp)

Binding Nature of Agreement. The terms and conditions of this Agreement will apply with equal force to any additional and/or substitute rights to receive securities received by you in exchange for, or by virtue of your granting ownership of, the Restricted Stock Units, whether as a result of any adjustment event spin-off, stock split-up, stock dividend, stock distribution, other reclassification of the Common Stock of the Company, or other similar event, except as otherwise determined by the Administrator. If the Restricted Stock Units are converted into or exchanged for, or stockholders of the Company receive by reason of any distribution in total or partial liquidation or pursuant to any merger of the Company or acquisition of its assets, securities of another entity, or other property (including cash), then the rights of the Company under this Agreement will inure to the benefit of the Company’s successor, and this Agreement will apply to the securities or other property received upon such conversion, exchange or distribution in the same manner and to the same extent as the Restricted Stock Units.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Fti Consulting Inc)

Binding Nature of Agreement. The terms and conditions of this Agreement will shall apply with equal force to any additional and/or substitute securities received by you in exchange for, or by virtue of your granting ownership of, the Restricted Stock UnitsAward Shares, whether as a result of any adjustment event or other similar eventdescribed in Section 3(c) of the 137 Plan, except as otherwise determined by the Administrator. If the Restricted Stock Units Award Shares are converted into or exchanged for, or stockholders of the Company receive by reason of any distribution in total or partial liquidation or pursuant to any merger of the Company or acquisition of its assets, securities of another entity, or other property (including cash), then the rights of the Company under this Agreement will shall inure to the benefit of the Company’s 's successor, and this Agreement will shall apply to the securities or other property received upon such conversion, exchange or distribution in the same manner and to the same extent as the Restricted Stock UnitsAward Shares.

Appears in 1 contract

Samples: Employment Agreement (BNP Residential Properties Inc)

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