Common use of No Adjustment upon Certain Transactions Clause in Contracts

No Adjustment upon Certain Transactions. The issuance by OCA of shares of stock of any class, or securities convertible into shares of stock of any class, for cash or property, or for labor or services rendered, either upon direct sale or upon the exercise of rights or warrants to subscribe therefor, or upon conversion of shares or obligations of OCA convertible into such shares or other securities, shall not affect, and no adjustment by reason thereof shall be made with respect to, outstanding Awards.

Appears in 4 contracts

Samples: Doctors Trust Program Agreement (Orthodontic Centers of America Inc /De/), Target Stock Program (Orthodontic Centers of America Inc /De/), Stockholder Value Program (Orthodontic Centers of America Inc /De/)

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No Adjustment upon Certain Transactions. The issuance by OCA of shares of stock of any class, or securities convertible into shares of stock of any class, for cash or property, or for labor or services rendered, either upon direct sale or upon the exercise of rights or warrants to subscribe therefor, or upon conversion of shares or obligations of OCA convertible into such shares or other securities, shall not affect, and no adjustment by reason thereof shall be made with respect to, outstanding Awardsawards.

Appears in 2 contracts

Samples: Conversion Incentive Program (Orthodontic Centers of America Inc /De/), High Participation Bonus Program (Orthodontic Centers of America Inc /De/)

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No Adjustment upon Certain Transactions. The issuance by OCA of shares of stock of any class, or securities convertible into shares of stock of any class, for cash or property, or for labor or services rendered, either upon direct sale or upon the exercise of rights or warrants to subscribe therefor, or upon conversion of shares or obligations of OCA convertible into such shares or other securities, shall not affect, and no adjustment by reason thereof shall be made with respect to, outstanding Awards.other

Appears in 1 contract

Samples: Stock Pool Program (Orthodontic Centers of America Inc /De/)

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