Capital Adjustments and Corporate Events. If, from time to time during the term of this Agreement, there is any capital adjustment affecting the outstanding Common Shares as a class without the Company’s receipt of consideration, the Unvested Phantom Shares shall be adjusted in accordance with the provisions of Section 4(c) of the Plan. Any and all new, substituted or additional securities that become subject to the Award hereunder because of a capital adjustment shall be immediately subject to the forfeiture provisions of this Agreement and included thereafter as “Unvested Phantom Shares” for purposes of this Agreement.
Appears in 10 contracts
Samples: Phantom Stock Agreement (Sanchez Energy Corp), Phantom Stock Agreement (Sanchez Energy Corp), Phantom Stock Agreement (Sanchez Energy Corp)
