Extraordinary Items. In the event of the Company’s merger with a mutual institution, conversion to a stock company or other material change in the Company’s total capitalization that occurs after the establishment by the Company of the Executive’s Phantom Stock Account, the number of outstanding Phantom Stock shares subject to this Agreement may be adjusted appropriately by the Company, whose determination shall be conclusive.
Appears in 2 contracts
Samples: Phantom Restricted Stock Agreement (Cape Bancorp, Inc.), Phantom Restricted Stock Agreement (Cape Bancorp, Inc.)
Extraordinary Items. In the event of the Company’s merger with a mutual institution, conversion to a stock company or other material change in the Company’s total capitalization that occurs after the establishment by the Company of the Executive’s Phantom Stock Option Account, the number of outstanding Phantom Stock shares subject to this Agreement may be adjusted appropriately by the Company, whose determination shall be conclusive.
Appears in 2 contracts
Samples: Phantom Incentive Stock Option Agreement (Cape Bancorp, Inc.), Phantom Incentive Stock Option Agreement (Cape Bancorp, Inc.)