Common use of Change of Control Adjustments Clause in Contracts

Change of Control Adjustments. Neither the Recapitalization nor the Distribution or any of the other transactions contemplated hereby or by the Recapitalization Agreement will (A) constitute a "change of control" or otherwise result in the increase or acceleration of any benefits, including to employees of C-W, under any agreement to which C-W or any of its Subsidiaries is a party or by which it or any of its Subsidiaries is bound or (B) result in any adjustment of the number of shares subject to, or the terms of, including exercise price, any outstanding employee stock options of C-W.

Appears in 4 contracts

Samples: Distribution Agreement (Unitrin Inc), Distribution Agreement (Curtiss Wright Corp), Distribution Agreement (Unitrin Inc)

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