Common use of Equitable Adjustment Clause in Contracts

Equitable Adjustment. If there shall be any change in the Common Stock of the Company, through merger, consolidation, reorganization, recapitalization, stock dividend, stock split, reverse stock split, split up, spinoff, combination of shares, exchange of shares, dividend in kind or other like change in capital structure or distribution (other than normal cash dividends) to stockholders of the Company, in order to prevent dilution or enlargement of the Participant's rights under this Agreement and the Plan, the Committee may, in an equitable manner, adjust the number and kind of shares that may be issued under this Agreement and make any other appropriate adjustments in the terms of the Units and this Agreement to reflect such changes or distributions.

Appears in 16 contracts

Samples: Restricted Stock Unit Agreement (Avatar Holdings Inc), Restricted Stock Unit Agreement (Avatar Holdings Inc), Restricted Stock Unit Agreement (Avatar Holdings Inc)

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Equitable Adjustment. If there shall be any change in the Common Stock of the Company, through merger, consolidation, reorganization, recapitalization, stock dividend, stock split, reverse stock split, split up, spinoff, combination of shares, exchange of shares, dividend in kind or other like change in capital structure or distribution (other than normal cash dividends) to stockholders of the Company, in order to prevent dilution or enlargement of the Participant's ’s rights under this Agreement and the Plan, the Committee may, in an equitable manner, adjust the number and kind of shares that may be issued under this Agreement and make any other appropriate adjustments in the terms of the Units and this Agreement to reflect such changes or distributions.

Appears in 16 contracts

Samples: Restricted Stock Unit Agreement (Avatar Holdings Inc), Restricted Stock Unit Agreement (Avatar Holdings Inc), Restricted Stock Unit Agreement (Avatar Holdings Inc)

Equitable Adjustment. If there shall be any change in the Common Stock of the Company, through merger, consolidation, reorganization, recapitalization, stock dividend, stock split, reverse stock split, split up, spinoff, combination of shares, exchange of shares, dividend in kind or other like change in capital structure or distribution (other than normal cash dividends) to stockholders of the Company, in order to prevent dilution or enlargement of the Participant's ’s rights under this Agreement and the Plan, the Committee may, in an equitable manner, adjust the number and kind of shares that may be issued under this Agreement and make any other appropriate adjustments in the terms of the Stock Units and this Agreement to reflect such changes or distributions.

Appears in 2 contracts

Samples: Deferred Compensation Agreement (Avatar Holdings Inc), Deferred Compensation Agreement (Avatar Holdings Inc)

Equitable Adjustment. If there shall be any change in the Common Stock of the CompanyStock, through merger, consolidation, reorganization, recapitalization, stock dividend, stock split, reverse stock split, split up, spinoff, combination of shares, exchange of shares, dividend in kind or other like change in capital structure or distribution (other than normal cash dividends) to stockholders of the Company, in order to prevent dilution or enlargement of the Participant's ’s rights under this Agreement and the Plan, the Committee Board may, in an equitable manner, adjust the number and kind of shares that may be issued under this Agreement and make any other appropriate adjustments in the terms of the Units and this Agreement to reflect such changes or distributions.

Appears in 1 contract

Samples: Employment Agreement (Commerce Planet)

Equitable Adjustment. If there shall be any change in the Common Stock of the Company, through merger, consolidation, reorganization, recapitalization, stock dividend, stock split, reverse stock split, split up, spinoff, combination of shares, exchange of shares, dividend in kind or other like change in capital structure or distribution (other than normal cash dividends) to stockholders of the Company, in order to prevent dilution or enlargement of the Participant's rights under this Agreement and the Plan, the Committee may, in an equitable manner, adjust the number and kind of shares that may be issued under this Agreement and make any other appropriate adjustments in the terms of the Units and this Agreement to reflect such changes or distributions.. In addition, the Committee may make adjustments to

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Avatar Holdings Inc)

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Equitable Adjustment. If there shall be any change in the Common Stock of the Company, through merger, consolidation, reorganization, recapitalization, stock dividend, stock split, reverse stock split, split up, spinoff, combination of shares, exchange of shares, dividend in kind or other like change in capital structure or distribution (other than normal cash dividends) to stockholders of the Company, in order to prevent dilution or enlargement of the Participant's ’s rights under this Agreement and the Plan, the Committee mayshall, in an equitable manner, adjust the number and kind of shares that may be issued under this Agreement and make any other appropriate adjustments in the terms of the Units Shares, the Change in Control Amount and this Agreement to reflect such changes or distributions.

Appears in 1 contract

Samples: Stock Award Agreement (Avatar Holdings Inc)

Equitable Adjustment. If there shall be any change in the Common Stock of the Company, through merger, consolidation, reorganization, recapitalization, stock dividend, stock split, reverse stock split, split up, spinoff, combination of shares, exchange of shares, dividend in kind or other like change in capital structure or distribution (other than normal cash dividends) to stockholders of the Company, in order to prevent dilution or enlargement of the Participant's rights under this Agreement and the Plan, the Committee may, in an equitable manner, adjust the number and kind of shares that may be issued under this Agreement and make any other appropriate adjustments in the terms of the Units and this Agreement to reflect such changes or distributions.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Avatar Holdings Inc)

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