Common use of Distributions and Adjustments Clause in Contracts

Distributions and Adjustments. (a) If any Shares vest subsequent to any change in the number or character of the Common Stock of the Company (through any stock dividend or other distribution, recapitalization, stock split, reverse stock split, reorganization, merger, consolidation, split-up, spin-off, combination, repurchase or exchange of shares, or otherwise), then Participant shall receive upon such vesting the number and type of securities or other consideration which Participant would have received if such Shares had vested prior to the event changing the number or character of the outstanding Common Stock of the Company. (b) Any additional shares of Common Stock of the Company, any other securities of the Company and any other property (including, without limitation, regular cash dividends or other cash distributions) distributed with respect to the Shares prior to the date or dates the Shares vest shall be subject to the same restrictions, terms and conditions as the Shares to which they relate and shall be promptly deposited with the Secretary of the Company or a custodian designated by the Secretary.

Appears in 5 contracts

Samples: Restricted Stock Award Agreement (Verso Technologies Inc), Restricted Stock Award Agreement (Verso Technologies Inc), Restricted Stock Award Agreement (Verso Technologies Inc)

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Distributions and Adjustments. (a) If any Shares vest subsequent to any change in the number or of character of the Common Stock of the Company (through any stock dividend or other distribution, recapitalization, stock split, reverse stock split, reorganization, merger, consolidation, split-up, spin-off, combination, repurchase or exchange of shares, or otherwise), then Participant shall receive upon such vesting the number and type of securities or other consideration which Participant would have received if such Shares had vested prior to the event changing the number or character of the outstanding Common Stock of the CompanyStock. (b) Any additional shares of Common Stock of the Company, any other securities of the Company and any other property (including, without limitation, except for regular cash dividends or other cash distributions) distributed with respect to the Shares prior to the date or dates the Shares vest shall be subject to the same restrictions, terms and conditions as the Shares to which they relate and shall be promptly deposited with the Secretary of the Company or a custodian designated by the Secretary.

Appears in 4 contracts

Samples: Restricted Stock Award Agreement (Lawson Software Inc), Restricted Stock Award Agreement (Irvine Sensors Corp/De/), Restricted Stock Award Agreement (Ensign Group, Inc)

Distributions and Adjustments. (a) If any Shares vest subsequent to any change in the number or character of the Common Stock of the Company (through any stock dividend or other distribution, recapitalization, stock split, reverse stock split, reorganization, merger, consolidation, consolidation split-up, spin-off, combination, repurchase or exchange of shares, shares or otherwise), you shall then Participant shall receive upon such vesting the number and type of securities or other consideration which Participant you would have received if such Shares had vested prior to the event changing the number or character of the outstanding Common Stock of the CompanyStock. (b) Any additional shares of Common Stock of the Company, any other securities of the Company and any other property (including, without limitation, regular except for cash dividends or other cash distributions) distributed with respect to the Shares prior to the date or dates the Shares vest shall be subject to the same restrictions, terms and conditions as the Shares to which they relate and shall be promptly deposited with the Secretary of the Company or a custodian designated by the Secretary. (c) Any cash dividends or other cash distributions payable with respect to the Shares shall be distributed to you at the same time cash dividends or other cash distributions are distributed to shareholders of the Company generally.

Appears in 3 contracts

Samples: Restricted Stock Award Agreement (Moneygram International Inc), Restricted Stock Award Agreement (Darden Restaurants Inc), Restricted Stock Award Agreement (Darden Restaurants Inc)

Distributions and Adjustments. (a) If any Shares vest subsequent to any change in the number or character of the Common Stock of the Company (through any stock dividend or other distribution, recapitalization, stock split, reverse stock split, reorganization, merger, consolidation, split-up, spin-off, combination, repurchase or exchange of shares, or otherwise), then Participant shall receive upon such vesting the number and type of securities or other consideration which Participant would have received if such Shares had vested prior to the event changing the number or character of the outstanding Common Stock of the CompanyStock. (b) Any additional shares of Common Stock of the Company, any other securities of the Company and any other property (including, without limitation, except for regular cash dividends or other cash distributions) distributed with respect to the Shares prior to the date or dates the Shares vest shall be subject to the same restrictions, terms and conditions as the Shares to which they relate and shall be promptly deposited with the Secretary of the Company or a custodian designated by the Secretary.

Appears in 2 contracts

Samples: Restricted Stock Award Agreement (Vascular Solutions Inc), Restricted Stock Award Agreement (Vascular Solutions Inc)

Distributions and Adjustments. (a) If any Shares vest subsequent to any change in the number or character of the Common Stock of the Company Corporation (through any stock dividend or other distribution, recapitalization, stock split, reverse stock split, reorganization, merger, consolidation, split-up, spin-off, combination, repurchase or exchange of shares, or otherwise), then Participant Employee shall receive upon such vesting the number and type of securities or other consideration which Participant Employee would have received if such Shares had vested prior to the event changing the number or character of the outstanding Common Stock of the CompanyStock. (b) Any additional shares of Common Stock of the CompanyCorporation, any other securities of the Company Corporation and any other property (including, without limitation, except for regular cash dividends or other cash distributions) distributed with respect to the Shares prior to the date or dates the Shares vest shall be subject to the same restrictions, terms and conditions as the Shares to which they relate and shall be promptly deposited with the Secretary of the Company Corporation or a custodian designated by the Secretary.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Rochester Medical Corporation)

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Distributions and Adjustments. (a) If any Shares vest subsequent to any change in the number or of character of the Common Stock of the Company (through any stock dividend or other distribution, recapitalization, stock split, reverse stock split, reorganization, merger, consolidation, split-up, spin-off, combination, repurchase or exchange of shares, or otherwise), then Participant shall receive upon such vesting the number and type of securities or other consideration which Participant would have received if such Shares had vested prior to the event changing the number or character of the outstanding Common Stock of the CompanyStock. (b) Any additional shares of Common Stock of the Company, any other securities of the Company and any other property (including, without limitation, except for regular cash dividends or other cash distributions) distributed with respect to the Shares prior to the date or dates the Shares vest shall be subject to the same restrictions, terms and conditions as the Shares to which they relate and shall be promptly deposited with the Secretary of the Company or a custodian designated by the Secretary. Any cash dividends or other cash distributions payable with respect to the Shares shall be distributed to Participant at the same time cash dividends or other cash distributions are distributed to stockholders of the Company generally.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Kodiak Oil & Gas Corp)

Distributions and Adjustments. (a) If any Ifany Shares vest subsequent to any change in the number or of character of the Common Stock ofthe Shares of the Company (through any stock dividend or other distribution, recapitalization, stock split, reverse stock split, reorganization, merger, consolidation, split-up, spin-off, combination, repurchase or exchange of shares, or otherwise), then Participant shall receive upon such vesting the number and type of securities or other consideration which Participant would have received if such Shares had vested prior to the event changing the number or character of the outstanding Common Stock of the CompanyShares. (b) Any additional shares of Common Stock Shares of the Company, any other securities of the Company and any other property (including, without limitation, ( except for regular cash dividends or other cash distributions) distributed with respect to the Shares prior to the date or dates the Shares vest shall be subject to the same restrictions, terms and conditions as the Shares to which they relate and shall be promptly deposited with the Secretary of the Company or a custodian designated by the Secretary.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Contact Gold Corp.)

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