Common use of Corporate Event Clause in Contracts

Corporate Event. In the event of the declaration of a stock dividend, the declaration of an extraordinary dividend payable in a form other than stock, a spin-off, a stock split, a recapitalization, a merger or a similar transaction affecting the Corporation’s outstanding securities without receipt of consideration, any new, substituted or additional securities or other property (including money paid other than as an ordinary cash dividend) which are distributed to the Employee with respect to shares of Restricted Stock which have not already vested shall immediately be subject to the vesting and other restrictions of this Agreement to the same extent as the shares of Restricted Stock to which such distributed property relates.

Corporate Event. In the event of the declaration of a stock dividend, the declaration of an extraordinary dividend payable in a form other than stock, a spin-off, a stock split, a recapitalization, a merger or a similar transaction affecting the Corporation’s outstanding securities without receipt of consideration, any new, substituted or additional securities or other property (including money paid other than as an ordinary cash dividend) which are distributed to the Employee Participant with respect to shares of Restricted Stock which have has not already vested shall immediately be subject to the vesting and other restrictions of this Agreement to the same extent as the shares of Restricted Stock to which such distributed property relates.

Corporate Event. In the event of the declaration of a stock dividend, the declaration of an extraordinary dividend payable in a form other than stock, a spin-off, a stock split, a recapitalization, a merger or a similar transaction affecting the Corporation’s outstanding securities without receipt of consideration, any new, substituted or additional securities or other property (including money paid other than as an ordinary cash dividend) which are distributed to the Employee Executive with respect to shares of Restricted Stock Shares which have not already vested shall immediately be subject to the vesting and other restrictions of this Agreement to the same extent as the shares of Restricted Stock Shares to which such distributed property relates.

Corporate Event. In the event of the declaration of a stock dividend, the declaration of an extraordinary dividend payable in a form other than stock, a spin-off, a stock split, a recapitalization, a merger or a similar transaction affecting the Corporation’s outstanding securities without receipt of consideration, any new, substituted or additional securities or other property (including money paid other than as an ordinary cash dividend) which are distributed to the Employee Participant with respect to shares of Restricted Stock which have has not already vested shall immediately be subject to the vesting and other restrictions of this Agreement to the same extent as the shares of Restricted Stock Shares to which such distributed property relates.