Common use of Change Adjustments Clause in Contracts

Change Adjustments. The Compensation Committee shall make appropriate adjustments to give effect to adjustments made in the number of shares of the Corporation’s common stock through a merger, consolidation, recapitalization, reclassification, combination, spinoff, common stock dividend, stock split or other relevant change as the Compensation Committee deems appropriate to prevent dilution or enlargement of the rights of the Grantee. Any adjustments or substitutions pursuant to this section shall meet the requirements of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”) and shall be final and binding upon the Grantee.

Appears in 21 contracts

Samples: Restricted Stock Unit Agreement (Bryn Mawr Bank Corp), Restricted Stock Unit Agreement (Bryn Mawr Bank Corp), Restricted Stock Unit Agreement (Bryn Mawr Bank Corp)

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