Adjustments Upon Specified Events Clause Example from Business Contracts

This example Adjustments Upon Specified Events clause appears in 3 contracts from 2 companies

Adjustments Upon Specified Events. Upon the occurrence of certain events relating to the Corporation's stock contemplated by Section 7.1 of the Plan, the Administrator shall make adjustments in accordance with such section in the number of Stock Units then outstanding and the number and kind of securities that may be issued in respect of the Award. No such adjustment shall be made with respect to any cash dividend for which dividend equivalents are credited pursuant to Section 3(b).
Found in Resources Connection, Inc. contract
Resources Connection, Inc. Contracts

Resources Connection, Inc. 2020 Performance Incentive Plan Restricted Stock Unit Award Agreement (Filed With SEC on January 7, 2021)

LANTRONIX INC Contracts

Lantronix, Inc. Notice of Grant of Restricted Stock Unit Award under 2020 Performance Incentive Plan (Filed With SEC on August 27, 2021)

Lantronix, Inc. Director Restricted Stock Unit Award Agreement under 2020 Performance Incentive Plan (Filed With SEC on August 27, 2021)