Common use of Changes in Shares Clause in Contracts

Changes in Shares. In the event of any change in the Shares, as described in Section 4.04 of the Plan, the Committee, consistent with the principles set out in such Section, will make appropriate adjustment or substitution in the number of Performance Units, so that the contingent economic value of a Performance Units remains substantially the same. The Committee’s determination in this respect will be final and binding upon all parties.

Appears in 12 contracts

Samples: Incentive Compensation Plan (Old National Bancorp /In/), Incentive Compensation Plan Award Agreement (Old National Bancorp /In/), Incentive Compensation Plan (Old National Bancorp /In/)

AutoNDA by SimpleDocs

Changes in Shares. In the event of any change in the Shares, as described in Section 4.04 of the Plan, the Committee, consistent with the principles set out in such Section, will make appropriate adjustment or substitution in the number of Performance UnitsShares, so that the contingent economic value of a Performance Units Share remains substantially the same. The Committee’s determination in this respect will be final and binding upon all parties.

Appears in 7 contracts

Samples: Performance Share Award Agreement (Old National Bancorp /In/), Performance Share Award Agreement (Old National Bancorp /In/), Performance Share Award Agreement (Old National Bancorp /In/)

Changes in Shares. In the event of any change in the Shares, Shares as described in Section 4.04 of the Plan, the Committee, consistent with the principles set out in Committee shall make such Section, will make appropriate adjustment or substitution in the number or kind of Performance UnitsUnits or shares subject to, or the terms of, this Award Agreement as it deems appropriate and consistent with such Section 4.04, so that the contingent economic value of a the Performance Units covered by this Award Agreement remains substantially the same. The Committee’s determination in this respect will be final and binding upon all parties.

Appears in 5 contracts

Samples: Relative TSR Performance Units Award Agreement (Old National Bancorp /In/), Roatce Performance Units Award Agreement (Old National Bancorp /In/), Roatce Performance Units Award Agreement (Old National Bancorp /In/)

AutoNDA by SimpleDocs

Changes in Shares. In the event of any change in the Shares, as described in Section 4.04 of the Plan, the Committee, consistent with the principles set out in such Section, will make appropriate adjustment or substitution in the number of Performance UnitsShares, so that the contingent economic value of a Performance Units Share remains substantially the same. The Committee’s 's determination in this respect will be final and binding upon all parties.

Appears in 2 contracts

Samples: Performance Share Award Agreement (Old National Bancorp /In/), Performance Share Award Agreement (Old National Bancorp /In/)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!