Common use of Stock Dividend, Stock Split and Reverse Stock Split Clause in Contracts

Stock Dividend, Stock Split and Reverse Stock Split. Upon a stock dividend of, or stock split or reverse stock split affecting, the Common Stock, the number and class of securities subject to the Stock Units will, without further action of the Committee, be adjusted to reflect such event. The Committee may make adjustments, in its discretion, to address the treatment of fractional shares with respect to the Stock Units as a result of the stock dividend, stock split or reverse stock split. Adjustments under this Section 6 will be made by the Committee, whose determination as to what adjustments, if any, will be made and the extent thereof will be final, binding and conclusive.

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (MAGELLAN GOLD Corp), Restricted Stock Unit Agreement (MAGELLAN GOLD Corp)

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Stock Dividend, Stock Split and Reverse Stock Split. Upon a stock dividend of, or stock split or reverse stock split affecting, the Common Stock, the number of Award Shares and class the number of securities subject to the Stock Units such Award Shares that are nonvested and forfeitable will, without further action of the Committee, be adjusted to reflect such event. The Committee may make adjustments, in its discretion, to address the treatment of fractional shares with respect to the Stock Units Award Shares as a result of the stock dividend, stock split or reverse stock split. Adjustments under this Section 6 5 will be made by the Committee, whose determination as to what adjustments, if any, will be made and the extent thereof will be final, binding and conclusive. Fractional Award Shares will be rounded down to the nearest whole share.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Fti Consulting Inc)

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Stock Dividend, Stock Split and Reverse Stock Split. Upon a stock dividend of, or stock split or reverse stock split affecting, the Common Stock, the number of Award Shares and class the number of securities subject to the Stock Units such Award Shares that are nonvested and forfeitable will, without further action of the Committee, be adjusted to reflect such event. The Committee may make adjustments, in its discretion, to address the treatment of fractional shares with respect to the Stock Units Award Shares as a result of the stock dividend, stock split or reverse stock split. Adjustments under this Section 6 5 will be made by the Committee, whose determination as to what adjustments, if any, will be made and the extent thereof will be final, binding and conclusive. No fractional Award Shares will result from any such adjustments.

Appears in 1 contract

Samples: Restricted Stock Unit (Fti Consulting Inc)

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