Common use of Changes to Award Administration Clause in Contracts

Changes to Award Administration. Notwithstanding any other provision herein to the contrary, the Company or the Custodian may provide an alternative process for delivery to the Custodian of an executed copy of this Agreement, and may change the method and process for the issuance, recordation and delivery of the Restricted Shares to or for the benefit of Participant (including at vesting) and for the maintenance of Participant’s account. Without limiting the generality of the foregoing, the Company or the Custodian may select one or more service providers, including the Transfer Agent and Shareworks, to assist with the maintenance and administration of the Plan and Participant’s account, and may deliver the Restricted Shares in book-entry form and/or through electronic delivery of the Restricted Shares to a brokerage account for the benefit of the Participant. Participant hereby agrees that Section 14 and this Section 21 shall apply to all other outstanding awards granted to Participant under the Plan, any predecessor plan or the Kaman Corporation 2003 Stock Incentive Plan, including any awards granted pursuant to Restricted Share Agreements, Non-Statutory Stock Option Agreements, Performance Stock Unit Agreements, and Restricted Stock Unit Agreements, as if this provision were set out in such award agreements. YOU MUST REVIEW AND ACKNOWLEDGE ACCEPTANCE OF THE TERMS OF THIS AGREEMENT, INCLUDING SPECIFICALLY THE RESTRICTIVE COVENANT ADDENDUM ATTACHED HERETO AND THE COMPENSATION RECOVERY PROVISIONS UNDER SECTION 19 OF THIS AGREEMENT, BY EXECUTING THIS AGREEMENT AND THE RESTRICTIVE COVENANT ADDENDUM ATTACHED HERETO ELECTRONICALLY WITHIN 14 DAYS OF DECEMBER 5, 2023; PROVIDED, HOWEVER, THAT THE COMMITTEE MAY, AT ITS DISCRETION, EXTEND THIS DATE. FAILURE TO ACCEPT THE REFERENCED TERMS AND TO EXECUTE THIS AGREEMENT AND THE RESTRICTIVE COVENANT ADDENDUM ATTACHED HERETO ELECTRONICALLY WILL RESULT IN FORFEITURE OF YOUR AWARD.

Appears in 2 contracts

Samples: Restricted Share Agreement (KAMAN Corp), Restricted Share Agreement (KAMAN Corp)

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Changes to Award Administration. Notwithstanding any other provision herein to the contrary, the Company or the Custodian may provide an alternative process for delivery to the Custodian of an executed copy of this Agreement, and may change the method and process for the issuance, recordation and delivery of the Restricted Shares to or for the benefit of Participant (including at vesting) and for the maintenance of Participant’s account. Without limiting the generality of the foregoing, the Company or the Custodian may select one or more service providers, including the Transfer Agent and Shareworks, to assist with the maintenance and administration of the Plan and Participant’s account, and may deliver the Restricted Shares in book-entry form and/or through electronic delivery of the Restricted Shares to a brokerage account for the benefit of the Participant. Participant hereby agrees that Section 14 and this Section 21 shall apply to all other outstanding awards granted to Participant under the Plan, any predecessor plan or the Kaman Corporation 2003 Stock Incentive Plan, including any awards granted pursuant to Restricted Share Agreements, Non-Statutory Stock Option Agreements, Performance Stock Unit Agreements, and Restricted Stock Unit Agreements, as if this provision were set out in such award agreements. YOU MUST REVIEW AND ACKNOWLEDGE ACCEPTANCE OF THE TERMS OF THIS AGREEMENT, INCLUDING SPECIFICALLY [THE RESTRICTIVE COVENANT ADDENDUM ATTACHED HERETO AND AND] THE COMPENSATION RECOVERY PROVISIONS UNDER SECTION 19 OF THIS AGREEMENT, BY EXECUTING THIS AGREEMENT [AND THE RESTRICTIVE COVENANT ADDENDUM ATTACHED HERETO HERETO] ELECTRONICALLY WITHIN 14 60 DAYS OF DECEMBER 5, 2023THE DATE OF GRANT; PROVIDED, HOWEVER, THAT THE COMMITTEE MAY, AT ITS DISCRETION, EXTEND THIS DATE. FAILURE TO ACCEPT THE REFERENCED TERMS AND TO EXECUTE THIS AGREEMENT [AND THE RESTRICTIVE COVENANT ADDENDUM ATTACHED HERETO HERETO] ELECTRONICALLY WILL RESULT IN FORFEITURE OF YOUR AWARD.

Appears in 1 contract

Samples: Restricted Share Agreement (KAMAN Corp)

Changes to Award Administration. Notwithstanding any other provision herein to the contrary, the Company or the Custodian may provide an alternative process for delivery to the Custodian of an executed copy of this Agreement, and may change the method and process for the issuance, recordation and delivery of the Restricted Option Shares to or for the benefit of Participant (including at vesting) and for the maintenance of Participant’s account. Without limiting the generality of the foregoing, the Company or the Custodian may select one or more service providers, including the Transfer Agent and Shareworks, to assist with the maintenance and administration of the Plan and Participant’s account, and may deliver the Restricted Option Shares in book-entry form and/or through electronic delivery of the Restricted Option Shares to a brokerage account for the benefit of the Participant. Participant hereby agrees that Section 14 10 and this Section 21 15 shall apply to all other outstanding awards granted to Participant under the Plan, any predecessor plan or the Kaman Corporation 2003 Stock Incentive Plan, including any awards granted pursuant to Restricted Share Agreements, Non-Statutory Stock Option Agreements, Performance Stock Share Unit Agreements, and Restricted Stock Share Unit Agreements, as if this provision were set out in such award agreements. YOU MUST REVIEW AND ACKNOWLEDGE ACCEPTANCE OF THE TERMS OF THIS AGREEMENT, INCLUDING SPECIFICALLY [THE RESTRICTIVE COVENANT ADDENDUM ATTACHED HERETO AND AND] THE COMPENSATION RECOVERY PROVISIONS UNDER SECTION 19 13 OF THIS AGREEMENT, BY EXECUTING THIS AGREEMENT [AND THE RESTRICTIVE COVENANT ADDENDUM ATTACHED HERETO HERETO] ELECTRONICALLY WITHIN 14 60 DAYS OF DECEMBER 5, 2023THE DATE OF GRANT; PROVIDED, HOWEVER, THAT THE COMMITTEE MAY, AT ITS DISCRETION, EXTEND THIS DATE. FAILURE TO ACCEPT THE REFERENCED TERMS AND TO EXECUTE THIS AGREEMENT [AND THE RESTRICTIVE COVENANT ADDENDUM ATTACHED HERETO HERETO] ELECTRONICALLY WILL RESULT IN FORFEITURE OF YOUR AWARD.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (KAMAN Corp)

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Changes to Award Administration. Notwithstanding any other provision herein to the contrary, the Company or the Custodian may provide an alternative process for delivery to the Custodian of an executed copy of this Agreement, and may change the method and process for the issuance, recordation and delivery of the Restricted Shares to or for the benefit of Participant (including at vesting) and for the maintenance of Participant’s account. Without limiting the generality of the foregoing, the Company or the Custodian may select one or more service providers, including the Transfer Agent and Shareworks, to assist with the maintenance and administration of the Plan and Participant’s account, and may deliver the Restricted Shares in book-entry form and/or through electronic delivery of the Restricted Shares to a brokerage account for the benefit of the Participant. Participant hereby agrees that Section 14 and this Section 21 shall apply to all other outstanding awards granted to Participant under the Plan, any predecessor plan or the Kaman Corporation 2003 Stock Incentive Plan, including any awards granted pursuant to Restricted Share Agreements, Non-Statutory Stock Option Agreements, Performance Stock Unit Agreements, and Restricted Stock Unit Agreements, as if this provision were set out in such award agreements. YOU MUST REVIEW AND ACKNOWLEDGE ACCEPTANCE OF THE TERMS OF THIS AGREEMENT, INCLUDING SPECIFICALLY [THE RESTRICTIVE COVENANT ADDENDUM ATTACHED HERETO AND AND] THE COMPENSATION RECOVERY PROVISIONS UNDER SECTION 19 OF THIS AGREEMENT, BY EXECUTING THIS AGREEMENT [AND THE RESTRICTIVE COVENANT ADDENDUM ATTACHED HERETO HERETO] ELECTRONICALLY WITHIN 14 60 DAYS OF DECEMBER 5, 2023THE DATE OF GRANT; PROVIDED, HOWEVER, THAT THE COMMITTEE MAY, AT ITS DISCRETION, EXTEND THIS DATE. FAILURE TO ACCEPT THE REFERENCED TERMS AND TO EXECUTE THIS AGREEMENT [AND THE RESTRICTIVE COVENANT ADDENDUM ATTACHED HERETO HERETO] ELECTRONICALLY WILL RESULT IN FORFEITURE OF YOUR AWARD.. 6

Appears in 1 contract

Samples: Restricted Share Agreement (KAMAN Corp)

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