Common use of Restrictions on New Shares Clause in Contracts

Restrictions on New Shares. In the event that the outstanding Common Shares are changed into or exchanged for a different number or kind of capital shares or other securities of the Company or of another corporation (other than in connection with a Change of Control) by reason of merger, consolidation, recapitalization, reclassification, share split, share dividend or combination of shares, such new or additional or different shares or securities which are issued upon conversion of or in exchange or substitution for Restricted Shares which are then subject to Restrictions shall be considered to be Restricted Shares and shall be subject to all of the Restrictions, unless the Committee provides for the expiration of the Restrictions on the Restricted Shares underlying the distribution of the new or additional or different shares or securities.

Appears in 3 contracts

Samples: Restricted Share Agreement (Tanger Factory Outlet Centers Inc), Restricted Share Agreement (Tanger Factory Outlet Centers Inc), Restricted Share Agreement (Tanger Factory Outlet Centers Inc)

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Restrictions on New Shares. In Subject to Section 2.2 hereof, in the event that the outstanding shares of Common Shares Stock are changed into or exchanged for a different number or kind of capital shares stock or other securities of the Company or of another corporation (or other than in connection with a Change of Control) entity by reason of merger, consolidation, recapitalization, reclassification, share stock split, share stock dividend or combination of shares, such new or additional or different shares or securities which are issued upon conversion of or in exchange or substitution for shares of Restricted Shares Stock which are then subject to Restrictions shall be considered to be Restricted Shares Stock and shall be subject to all of the Restrictions, unless the Committee provides for the expiration of the Restrictions on the shares of Restricted Shares Stock underlying the distribution of the new or additional or different shares or securities.

Appears in 2 contracts

Samples: Form of Restricted Stock Agreement (MPG Office Trust, Inc.), Restricted Stock Agreement (MPG Office Trust, Inc.)

Restrictions on New Shares. In Subject to Section 2.2 hereof, in the event that the outstanding shares of Common Shares Stock are changed into or exchanged for a different number or kind of capital shares stock or other securities of the Company Corporation or of another corporation (or other than in connection with a Change of Control) entity by reason of merger, consolidation, recapitalization, reclassification, share stock split, share stock dividend or combination of shares, such new or additional or different shares or securities which are issued upon conversion of or in exchange or substitution for shares of Restricted Shares Stock which are then subject to Restrictions shall be considered to be Restricted Shares Stock and shall be subject to all of the Restrictions, unless the Committee provides for the expiration of the Restrictions on the shares of Restricted Shares Stock underlying the distribution of the new or additional or different shares or securities.

Appears in 2 contracts

Samples: Restricted Stock Agreement (Nemus Bioscience, Inc.), Restricted Stock Agreement (Nemus Bioscience, Inc.)

Restrictions on New Shares. In the event that the outstanding shares of Common Shares Stock are changed into or exchanged for a different number or kind of capital shares stock or other securities of the Company or of another corporation (other than in connection with a Change of Control) by reason of merger, consolidation, recapitalization, reclassification, share stock split, share stock dividend or combination of shares, such new or additional or different shares or securities which are issued upon conversion of or in exchange or substitution for shares of Restricted Shares Stock which are then subject to Restrictions shall be considered to be Restricted Shares Stock and shall be subject to all of the Restrictions, unless the Committee provides for the expiration of the Restrictions on the shares of Restricted Shares Stock underlying the distribution of the new or additional or different shares or securities.

Appears in 1 contract

Samples: Restricted Stock Agreement (Cherokee Inc)

Restrictions on New Shares. In the event that the outstanding shares of Common Shares Stock are changed into or exchanged for a different number or kind of capital shares stock or other securities of the Company or of another corporation (or other than in connection with a Change of Control) entity by reason of merger, consolidation, recapitalization, reclassification, share stock split, share stock dividend or combination of shares, such new or additional or different shares or securities which are issued upon conversion of or in exchange or substitution for shares of Restricted Shares Stock which are then subject to Restrictions shall be considered to be Restricted Shares Stock and shall be subject to all of the Restrictions, unless the Committee provides for the expiration of the Restrictions on the shares of Restricted Shares underlying Stock with respect to which the distribution of the new or additional or different shares or securitiessecurities is made.

Appears in 1 contract

Samples: Restricted Stock Agreement (Opnext Inc)

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Restrictions on New Shares. In the event that the outstanding Common Shares are changed into or exchanged for a different number or kind of capital shares or other securities of the Company or of another corporation (other than in connection with a Change of Control) by reason of merger, consolidation, recapitalization, reclassification, share split, share dividend or combination of shares, such new or additional or different shares or securities which are issued upon conversion of or in exchange or substitution for Restricted Shares which are then subject to Restrictions shall be considered to be Restricted Shares and shall be subject to all of the Restrictions, unless the Committee provides for the expiration of the Restrictions on the Restricted Shares underlying the distribution of the new or additional or different shares or securities.

Appears in 1 contract

Samples: Restricted Share Agreement (Tanger Factory Outlet Centers, Inc)

Restrictions on New Shares. In the event that the outstanding Common Shares are changed into or exchanged for a different number or kind of capital shares or other securities of the Company or of another corporation (other than in connection with a Change of Control) by reason of merger, consolidation, recapitalization, reclassification, share split, share dividend or combination of shares, such new or additional or different shares or securities which are issued upon conversion of or in exchange or substitution for Restricted Shares which are then subject to Restrictions shall be considered to be Restricted Shares and shall be subject to all of the Restrictions, unless the Committee Board provides for the expiration of the Restrictions on the Restricted Shares underlying the distribution of the new or additional or different shares or securities.

Appears in 1 contract

Samples: Restricted Share Agreement (Tanger Factory Outlet Centers Inc)

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