Common use of Dividends, Etc Clause in Contracts

Dividends, Etc. If the Company (i) declares a dividend or makes a distribution on Common Stock in shares of Common Stock or (ii) subdivides or reclassifies outstanding shares of Common Stock into a greater number of shares of Common Stock or (iii) combines or reclassifies outstanding shares of Common Stock into a smaller number of shares of Common Stock, then the number of shares of Grantee's Common Stock subject to the transfer restrictions in this Agreement shall be proportionally increased or reduced as to prevent enlargement or dilution of Grantee's rights and duties hereunder. The determination of the Company's Board of Directors regarding such adjustment should be final and binding.

Appears in 13 contracts

Samples: Restricted Stock Award Agreement (Seitel Inc), Restricted Stock Award Agreement (Seitel Inc), Restricted Stock Award Agreement (Seitel Inc)

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Dividends, Etc. If the Company (i) declares a dividend or makes a distribution on Common Stock in shares of Common Stock or Stock, (ii) subdivides or reclassifies outstanding shares of Common Stock into a greater number of shares of Common Stock or (iii) combines or reclassifies outstanding shares of Common Stock into a smaller number of shares of Common Stock, then the number of shares of Grantee's ’s Common Stock subject to the transfer restrictions in of this Agreement Section 2 shall be proportionally proportionately increased or reduced so as to prevent the enlargement or dilution of Grantee's ’s rights and duties hereunder. The determination of the Company's ’s Board of Directors regarding such adjustment should adjustments shall be final and binding.

Appears in 11 contracts

Samples: Restricted Stock Agreement (Encysive Pharmaceuticals Inc), Restricted Stock Agreement (Grey Wolf Inc), Restricted Stock Agreement (Grey Wolf Inc)

Dividends, Etc. If the Company (i) declares a dividend or makes a distribution on Common Stock in shares of Common Stock or (ii) subdivides or reclassifies outstanding shares of Common Stock into a greater number of shares of Common Stock or (iii) combines or reclassifies outstanding shares of Common Stock into a smaller number of shares of Common Stock, then the number of shares of Grantee's ’s Common Stock subject to the transfer restrictions in this Agreement shall be proportionally increased or reduced as to prevent enlargement or dilution of Grantee's ’s rights and duties hereunder. The determination of the Company's ’s Board of Directors regarding such adjustment should be final and binding.

Appears in 7 contracts

Samples: Restricted Stock Award Agreement (Endeavour International Corp), Restricted Stock Award Agreement (Endeavour International Corp), Restricted Stock Award Agreement (Endeavour International Corp)

Dividends, Etc. If the Company (i) declares a dividend or makes a distribution on Common Stock in shares of Common Stock or Stock, (ii) subdivides or reclassifies outstanding shares of Common Stock into a greater number of shares of Common Stock or (iii) combines or reclassifies outstanding shares of Common Stock into a smaller number of shares of Common Stock, then the number of shares of Grantee's Common Stock subject to the transfer restrictions in of this Agreement Section 2 shall be proportionally proportionately increased or reduced so as to prevent the enlargement or dilution of Grantee's rights and duties hereunder. The determination of the Company's Board of Directors regarding such adjustment should adjustments shall be final and binding.

Appears in 3 contracts

Samples: Restricted Stock Agreement (Endeavour International Corp), Restricted Stock Agreement (Gexa Corp), Restricted Stock Agreement (Endeavour International Corp)

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Dividends, Etc. If the Company (i) declares a dividend or makes a distribution on Common Stock in shares of Common Stock or Stock, (ii) subdivides or reclassifies outstanding shares of Common Stock into a greater number of shares of Common Stock or (iii) combines or reclassifies outstanding shares of Common Stock into a smaller number of shares of Common Stock, then the number of shares of Grantee's Common Stock subject to the transfer restrictions in this Agreement Grant Shares shall be proportionally proportionately increased or reduced so as to prevent the enlargement or dilution of Grantee's ’s rights and duties hereunder. The determination of the Company's ’s Board of Directors regarding such adjustment should adjustments shall be final and binding.

Appears in 1 contract

Samples: Restricted Stock Agreement (Gulfslope Energy, Inc.)

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