Common use of Change of Capitalization Clause in Contracts

Change of Capitalization. If, prior to the time the restrictions imposed by Section 3 of this Award Agreement on the Restricted Stock Units awarded hereunder lapse, the Company shall be reorganized or consolidated or merged with another corporation, the appropriate amount of any stock, securities or other property exchangeable for shares of Common Stock pursuant to such reorganization, consolidation or merger shall be appropriately substituted for the shares of Common Stock then subject to the Restricted Stock Units issued and/or credited hereunder.

Appears in 10 contracts

Samples: Ingredion Incorporated (Ingredion Inc), Ingredion Incorporated (Ingredion Inc), Ingredion Incorporated (Ingredion Inc)

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Change of Capitalization. If, prior to the time the restrictions imposed by Section 3 2 of this Award Agreement on the Restricted Stock Units awarded hereunder lapse, the Company shall be reorganized or consolidated or merged with another corporation, the appropriate amount of any stock, securities or other property exchangeable for shares of Common Stock pursuant to such reorganization, consolidation or merger shall be appropriately substituted for the shares of Common Stock then subject to the Restricted Stock Units issued and/or credited hereunder.

Appears in 5 contracts

Samples: Ingredion Incorporated (Ingredion Inc), Restricted Stock Units Award Agreement (Ingredion Inc), Ingredion Incorporated (Ingredion Inc)

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