Common use of SHARE CHANGES Clause in Contracts

SHARE CHANGES. If the Company shall at any time change the number of shares of its Stock without new consideration to the Company (such as by stock dividend or stock split), the total number of Shares subject to the Award Agreement hereunder shall be changed in proportion to the change in issued shares. If during the term of this Award Agreement the Stock of the Company shall be changed into another kind of securities of the Company or into cash, securities or evidences of indebtedness of another corporation, other property or any combination thereof, whether as a result of reorganization, sale, merger, consolidation, or other similar transaction, the Company shall cause adequate provision to be made whereby the Employee shall thereafter be entitled to receive under this Award Agreement, the cash, securities, evidences of indebtedness, other property or any combination thereof, the Employee would have been entitled to receive for Stock acquired through this Award Agreement immediately prior to the effective date of such transaction. If appropriate, the number of Shares of this Award Agreement following such reorganization, sale, merger, consolidation or other similar transaction may be adjusted, in each case in such equitable manner as the Committee may select.

Appears in 5 contracts

Samples: Performance Unit Award Agreement (Kimball International Inc), Performance Unit Award Agreement (Kimball International Inc), Award Agreement (Hni Corp)

AutoNDA by SimpleDocs

SHARE CHANGES. If the Company shall at any time change the number of shares of its Common Stock without new consideration to the Company (such as by stock dividend or stock split), the total number of Shares shares subject to the Award Agreement hereunder shall be changed in proportion to the change in issued shares. If during the term of this Award Agreement the Common Stock of the Company shall be changed into another kind of securities of the Company or into cash, securities or evidences of indebtedness of another corporation, other property or any combination thereof, whether as a result of reorganization, sale, merger, consolidation, or other similar transaction, the Company shall cause adequate provision to be made whereby the Employee Recipient shall thereafter be entitled to receive under this upon expiration of the Award Agreement, the cash, securities, evidences of indebtedness, other property or any combination thereof, the Employee Recipient would have been entitled to receive for Common Stock acquired through this Award Agreement immediately prior to the effective date of such transaction. If appropriate, the number of Shares shares of this Award Agreement following such reorganization, sale, merger, consolidation or other similar transaction may be adjusted, in each case in such equitable manner as the Committee may select.

Appears in 1 contract

Samples: Performance Unit Award Agreement (Kimball International Inc)

SHARE CHANGES. If the Company shall at any time change the number of shares of its Common Stock without new consideration to the Company (such as by stock dividend or stock split), the total number of Shares subject to the Award Agreement hereunder shall be changed in proportion to the change in issued shares. If If, during the term of this Award Agreement Agreement, the Common Stock of the Company shall be changed into another kind of securities of the Company or into cash, securities or evidences of indebtedness of another corporation, other property or any combination thereof, whether as a result of reorganization, sale, merger, consolidation, or other similar transaction, the Company shall cause adequate provision to be made whereby the Employee shall thereafter be entitled to receive receive, under this Award Agreement, the cash, securities, evidences of indebtedness, other property or any combination thereof, the Employee would have been entitled to receive for Common Stock acquired through this Award Agreement immediately prior to the effective date of such transaction. If appropriate, the number of Shares of this Award Agreement following such reorganization, sale, merger, consolidation or other similar transaction may be adjusted, in each case in such equitable manner as the Committee may select.

Appears in 1 contract

Samples: Restricted Share Unit Award Agreement (Kimball International Inc)

SHARE CHANGES. If the Company shall at any time change the number of shares of its Common Stock without new consideration to the Company (such as by stock dividend or stock split), the total number of Shares subject to the Award Agreement hereunder shall be changed in proportion to the change in issued shares. If If, during the term of this Award Agreement Agreement, the Common Stock of the Company shall be changed into another kind of securities of the Company or into cash, securities securities, or evidences of indebtedness of another corporation, other property property, or any combination thereof, whether as a result of reorganization, sale, merger, consolidation, or other similar transaction, the Company shall cause adequate provision to be made whereby the Employee shall thereafter be entitled to receive receive, under this Award Agreement, the cash, securities, evidences of indebtedness, other property property, or any combination thereof, the Employee would have been entitled to receive for Common Stock acquired through this Award Agreement immediately prior to the effective date of such transaction. If appropriate, the number of Shares of this Award Agreement following such reorganization, sale, merger, consolidation consolidation, or other similar transaction transaction, may be adjusted, adjusted in each case in such equitable manner as the Committee may select.

Appears in 1 contract

Samples: Annual Performance Share Award Agreement (Kimball International Inc)

AutoNDA by SimpleDocs

SHARE CHANGES. If the Company shall at any time change the number of shares of its Common Stock without new consideration to the Company (such as by stock dividend or stock split), the total number of Shares shares subject to the Award Agreement hereunder shall be changed in proportion to the change in issued shares. If during the term of this Award Agreement the Common Stock of the Company shall be changed into another kind of securities of the Company or into cash, securities or evidences of indebtedness of another corporation, other property or any combination thereof, whether as a result of reorganization, sale, merger, consolidation, or other similar transaction, the Company shall cause adequate provision to be made whereby the Employee shall thereafter be entitled to receive under this Award Agreement, the cash, securities, evidences of indebtedness, other property or any combination thereof, the Employee would have been entitled to receive for Common Stock acquired through this Award Agreement immediately prior to the effective date of such transaction. If appropriate, the number of Shares shares of this Award Agreement following such reorganization, sale, merger, consolidation or other similar transaction may be adjusted, in each case in such equitable manner as the Committee may select.

Appears in 1 contract

Samples: Performance Unit Award Agreement (Kimball International Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.