Common use of Stock Dividends and Splits and Similar Transactions Clause in Contracts

Stock Dividends and Splits and Similar Transactions. Subject to any required action by the Company’s Board of Directors and stockholders, the number of Performance Units shall be proportionately adjusted for any increase or decrease in the number of issued Shares of the Company resulting from the payment of a Share dividend, a Share split, a Share reverse-split or any similar transaction.

Appears in 9 contracts

Samples: Performance Unit Agreement for Executive Employees (Capstead Mortgage Corp), Performance Unit Agreement for Executive Employees (Capstead Mortgage Corp), Performance Unit Agreement (Capstead Mortgage Corp)

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