Dividends, Splits and Voting Rights. If the Company (i) declares a stock dividend or makes a distribution on Common Stock in shares, (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 Grant Shares subject to the transfer restrictions of this Section 2 shall be proportionately increased or reduced, as applicable, so as to prevent the enlargement or dilution of Grantee’s rights hereunder. The determination of the Committee regarding the methodology for effecting such adjustments shall be binding. In addition, the Grantee shall not have the right to vote the Grant Shares while they remain subject to the transfer restrictions of this Section 2.
Appears in 20 contracts
Samples: Restricted Stock Agreement (Resaca Exploitation, Inc.), Restricted Stock Agreement (Resaca Exploitation, Inc.), Restricted Stock Agreement (Resaca Exploitation, Inc.)
