Adjustments Clause Example with 25 Variations from Business Contracts
This page contains Adjustments clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Adjustments. If any change is made to the outstanding Common Stock or the capital structure of the Company, if required, the shares of Common Stock shall be adjusted or terminated in any manner as contemplated by Section 10 of the Plan. 2 8. Tax Liability and Withholding. 8.1 The Grantee shall be required to pay to the Company, and the Company shall have the right to deduct from any compensation paid to the Grantee pursuant to the Plan, the amount of any required withholding taxes in respect of the Restricte...d Stock and to take all such other action as the Administrator deems necessary to satisfy all obligations for the payment of such withholding taxes. 8.2 Notwithstanding any action the Company takes with respect to any or all income tax, social insurance, payroll tax, or other tax-related withholding ("Tax-Related Items"), the ultimate liability for all Tax-Related Items is and remains the Grantee's responsibility and the Company (a) makes no representation or undertakings regarding the treatment of any Tax-Related Items in connection with the grant or vesting of the Restricted Stock or the subsequent sale of any shares; and (b) does not commit to structure the Restricted Stock to reduce or eliminate the Grantee's liability for Tax-Related Items.View More
Variations of a "Adjustments" Clause from Business Contracts
Adjustments. If any change is made to the outstanding Common Stock or the capital structure of the Company, if required, the shares of Common Stock PSUs shall be adjusted or terminated in any manner as contemplated by Section 10 17 of the Plan. 2 8. 11. Tax Liability and Withholding. 8.1 11.1 The Grantee shall be required to pay to the Company, and the Company shall have the right to deduct from any compensation paid to the Grantee pursuant to the Plan, the amount of any required withholding taxes in respect... of the Restricted Stock PSUs and to take all such other action as the Administrator Committee deems necessary to satisfy all obligations for the payment of such withholding taxes. 8.2 The Committee may permit the Grantee to satisfy any federal, state or local tax withholding obligation by any of the following means, or by a combination of such means: (a) tendering a cash payment; (b) authorizing the Company to withhold shares of Common Stock from the shares of Common Stock otherwise issuable or deliverable to the Grantee as a result of the vesting of the PSUs; provided, however, that no shares of Common Stock shall be withheld with a value exceeding the maximum amount of tax required to be withheld by law; or (c) delivering to the Company previously owned and unencumbered shares of Common Stock. 11.2 Notwithstanding any action the Company takes with respect to any or all income tax, social insurance, payroll tax, or other tax-related withholding ("Tax-Related Items"), the ultimate liability for all Tax-Related Items is and remains the Grantee's responsibility and the Company (a) makes no representation or undertakings regarding the treatment of any Tax-Related Items in connection with the grant grant, vesting or vesting settlement of the Restricted Stock PSUs or the subsequent sale of any shares; shares, and (b) does not commit to structure the Restricted Stock PSUs to reduce or eliminate the Grantee's liability for Tax-Related Items. View More
Adjustments. If any change is made to the outstanding Common Stock or the capital structure of the Company, if required, the The shares of Common Stock shall subject to the Option may be adjusted or terminated in any manner as contemplated by Section 10 11 of the Plan. 2 8. 33 9. Tax Liability and Withholding. 8.1 The Grantee shall be required to pay to the Company, and the Company shall have the right to deduct from any compensation paid to the Grantee pursuant to the Plan, the amount of any required withho...lding taxes in respect of the Restricted Stock and to take all such other action as the Administrator deems necessary to satisfy all obligations for the payment of such withholding taxes. 8.2 Notwithstanding any action the Company takes with respect to any or all income tax, social insurance, payroll tax, or other tax-related withholding ("Tax-Related Items"), the ultimate liability for all Tax-Related Items is and remains the Grantee's Participant's responsibility and the Company (a) makes no representation or undertakings regarding the treatment of any Tax-Related Items in connection with the grant grant, vesting, or vesting exercise of the Restricted Stock Option or the subsequent sale of any shares; shares acquired on exercise; and (b) does not commit to structure the Restricted Stock Option to reduce or eliminate the Grantee's Participant's liability for Tax-Related Items. View More
Adjustments. If any change is made to the outstanding Common Stock or the capital structure of the Company, if required, the shares of Common Restricted Stock Units shall be adjusted or terminated in any manner as contemplated by Section 10 of the Plan. 2 8. 9. Tax Liability and Withholding. 8.1 9.1 The Grantee shall be required to pay to the Company, and the Company shall have the right to deduct from any compensation paid to the Grantee pursuant to the Plan, Plan or otherwise, the amount of any required wi...thholding taxes in respect of the Restricted Stock Units and to take all such other action as the Administrator Board deems necessary to satisfy all obligations for the payment of such withholding taxes. 8.2 The Board may permit the Grantee to satisfy any federal, state or local tax withholding obligation by any of the following means, or by a combination of such means: (i) tendering a cash payment; (ii) withholding from any compensation otherwise payable to the Grantee by the Company or an affiliate; (iii) subject to the approval of the independent members of the Board, authorizing the Company to withhold shares of Common Stock from the shares of Common Stock otherwise issuable or deliverable to the Grantee as a result of the vesting of the Restricted Stock Units; provided, however, that no shares of Common Stock shall be withheld with a value exceeding the minimum amount of tax required to be withheld by law; (iv) delivering to the Company previously owned and unencumbered shares of Common Stock or (v) permitting or requiring the Grantee to enter into a "same day sale" commitment with a broker-dealer that is a member of the Financial Industry Regulatory Authority (a "FINRA Dealer") whereby the Grantee irrevocably elects to sell a portion of the shares to be delivered in connection with the Restricted Stock Units to satisfy the Withholding Taxes and whereby the FINRA Dealer irrevocably commits to forward the proceeds necessary to satisfy the Withholding Taxes directly to the Company and/or its affiliates;. 9.2 Notwithstanding any action the Company takes with respect to any or all income tax, social insurance, payroll tax, or other tax-related withholding ("Tax-Related Items"), the ultimate liability for all Tax-Related Items is and remains the Grantee's responsibility and the Company (a) makes no representation or undertakings regarding the treatment of any Tax-Related Items in connection with the grant grant, vesting or vesting settlement of the Restricted Stock Units or the subsequent sale of any shares; and (b) does not commit to structure the Restricted Stock Units to reduce or eliminate the Grantee's liability for Tax-Related Items. Unless the Tax-Related Items are satisfied by the Grantee, the Company will have no obligation to deliver to the Grantee any Common Stock. If the Company's obligation to withhold arises prior to the delivery to the Grantee of Common Stock or it is determined after the delivery of Common Stock to the Grantee that the amount of the Company's withholding obligation was greater than the amount withheld by the Company, the Grantee agrees to indemnify and hold the Company harmless from any failure by the Company to withhold the proper amount. View More
Adjustments. If any change is made to the outstanding Common Stock or the capital structure of the Company, if required, the The shares of Common Stock shall subject to the Option may be adjusted or terminated in any manner as contemplated by Section 10 11 of the Plan. 2 8. 3 9. Tax Liability and Withholding. 8.1 The Grantee shall be required to pay to the Company, and the Company shall have the right to deduct from any compensation paid to the Grantee pursuant to the Plan, the amount of any required withhol...ding taxes in respect of the Restricted Stock and to take all such other action as the Administrator deems necessary to satisfy all obligations for the payment of such withholding taxes. 8.2 Notwithstanding any action the Company takes with respect to any or all income tax, social insurance, payroll tax, or other tax-related withholding ("Tax-Related Items"), the ultimate liability for all Tax-Related Items is and remains the Grantee's Participant's responsibility and the Company (a) makes no representation representations or undertakings regarding the treatment of any Tax-Related Items in connection with the grant grant, vesting, or vesting exercise of the Restricted Stock Option or the subsequent sale of any shares; shares acquired on exercise; and (b) does not commit to structure the Restricted Stock Option to reduce or eliminate the Grantee's Participant's liability for Tax-Related Items. View More
Adjustments. If any change is made to In the event that the outstanding Common Stock or the capital structure of the Company, if required, the shares of Common Stock are hereafter exchanged for a different number or kind of shares or other securities of the Company, by reason of a reorganization, recapitalization, exchange of shares, stock split, combination of shares or dividend payable in shares or other securities, a corresponding adjustment shall be adjusted made by the Board in the number of and/or kind... of shares of Restricted Stock. Any such adjustment made by the Board shall be conclusive and binding upon all affected persons, including the Company and the Grantee. If the Restricted Stock is converted into or terminated in any manner as contemplated by Section 10 exchanged for, or stockholders of the Plan. 2 Company receive by reason of any distribution in total or partial liquidation, securities of another corporation or other entity, or other property, pursuant to any merger or consolidation of the Company or acquisition of its assets, then the rights of the Company under this Agreement shall inure to the benefit of the Company's successor and this Agreement shall apply to the securities received upon such conversion, exchange or distribution in the same manner and to the same extent as the Restricted Stock. Notwithstanding the foregoing, if the Restricted Stock is converted into cash pursuant to any such transaction, the Grantee will receive such cash free and clear of any restrictions imposed by this Agreement. 3 8. Tax Liability and Withholding. 8.1 The Grantee shall be required to pay to the Company, and the Company shall have the right to deduct from any compensation paid to the Grantee pursuant to the Plan, Grantee, the amount of any required withholding taxes in respect of the Restricted Stock and to take all such other action as the Administrator Board deems necessary to satisfy all obligations for the payment of such withholding taxes. The Board may permit the Grantee to satisfy any federal, state or local tax withholding obligation by any of the following means, or by a combination of such means: (a) tendering a cash payment; (b) authorizing the Company to withhold shares of Common Stock from the shares of Common Stock otherwise issuable or deliverable to the Grantee as a result of the vesting of the Restricted Stock; provided, however, that no shares of Common Stock shall be withheld with a value exceeding the minimum amount of tax required to be withheld by law; or (c) delivering to the Company previously owned and unencumbered shares of Common Stock. 8.2 Notwithstanding any action the Company takes with respect to any or all income tax, social insurance, payroll tax, or other tax-related withholding ("Tax-Related Items"), the ultimate liability for all Tax-Related Items is and remains the Grantee's responsibility and the Company (a) makes no representation or undertakings regarding the treatment of any Tax-Related Items in connection with the grant or vesting of the Restricted Stock or the subsequent sale of any shares; and (b) does not commit to structure the Restricted Stock to reduce or eliminate the Grantee's liability for Tax-Related Items. View More
Adjustments. If any change is made to the outstanding Common Stock or the capital structure of the Company, if required, the shares The Shares of Common Stock shall subject to the Option may be adjusted or terminated in any manner as contemplated by Section 10 of the Plan. 2 8. 4 9. Tax Liability and Withholding. 8.1 The Grantee shall be required to pay to the Company, and the Company shall have the right to deduct from any compensation paid to the Grantee pursuant to the Plan, the amount of any required wit...hholding taxes in respect of the Restricted Stock and to take all such other action as the Administrator deems necessary to satisfy all obligations for the payment of such withholding taxes. 8.2 Notwithstanding any action the Company takes with respect to any or all income tax, social insurance, payroll tax, or other tax-related withholding ("Tax-Related Items"), the ultimate liability for all Tax-Related Items is and remains the Grantee's Participant's responsibility and the Company (a) makes no representation or undertakings regarding the treatment of any Tax-Related Items in connection with the grant grant, vesting, or vesting exercise of the Restricted Stock Option or the subsequent sale of any shares; Shares acquired on exercise; and (b) does not commit to structure the Restricted Stock Option to reduce or eliminate the Grantee's Participant's liability for Tax-Related Items. View More
Adjustments. If any change is made to the outstanding Common Stock or the capital structure of the Company, if required, the shares of Common Stock shall be adjusted or terminated in any manner as contemplated by Section 10 of the Plan. 2 8. Tax Liability and Withholding. 8.1 The Grantee shall be required to pay to the Company, and the Company shall have the right to deduct from any compensation paid to the Grantee pursuant to the Plan, the amount of any required withholding taxes in respect of the Restricte...d Stock and to take all such other action as the Administrator deems necessary to satisfy all obligations for the payment of such withholding taxes. 8.2 9.2 Notwithstanding any action the Company takes with respect to any or all income tax, social insurance, payroll tax, or other tax-related withholding ("Tax-Related Items"), the ultimate liability for all Tax-Related Items is and remains the Grantee's responsibility and the Company (a) makes no representation or undertakings regarding the treatment of any Tax-Related Items in connection with the grant grant, vesting or vesting settlement of the Restricted Stock Units or the subsequent sale of any shares; shares of Common Stock; and (b) does not commit to structure the Restricted Stock Units to reduce or eliminate the Grantee's liability for Tax-Related Items. Items.10. View More
Adjustments. If any change is made to the outstanding Common Stock or the capital structure of the Company, if required, the shares of Common Restricted Stock Units shall be adjusted or terminated in any manner as contemplated by Section 10 4.4 of the Plan. 2 8. VirTra, Inc. Restricted Stock Unit Agreement – Matthew D. Burlend – page 3 9. Tax Liability and Withholding. 8.1 9.1 The Grantee shall be required to pay to the Company, and the Company shall have the right to deduct from any compensation paid to the... Grantee pursuant to the Plan, the amount of any required withholding taxes in respect of the Restricted Stock Units and to take all such other action as the Administrator Committee deems necessary to satisfy all obligations for the payment of such withholding taxes. 8.2 The Committee may permit the Grantee to satisfy any federal, state or local tax withholding obligation by any of the following means, or by a combination of such means: (a) tendering a cash payment. (b) authorizing the Company to withhold shares of Common Stock from the shares of Common Stock otherwise issuable or deliverable to the Grantee as a result of the vesting of the Restricted Stock Units; provided, however, that no shares of Common Stock shall be withheld with a value exceeding the maximum amount of tax required to be withheld by law. (c) delivering to the Company previously owned and unencumbered shares of Common Stock. 9.2 Notwithstanding any action the Company takes with respect to any or all income tax, social insurance, payroll tax, or other tax-related withholding ("Tax-Related Items"), the ultimate liability for all Tax-Related Items is and remains the Grantee's responsibility and the Company (a) makes no representation or undertakings regarding the treatment of any Tax-Related Items in connection with the grant grant, vesting or vesting settlement of the Restricted Stock Units or the subsequent sale of any shares; and (b) does not commit to structure the Restricted Stock Units to reduce or eliminate the Grantee's liability for Tax-Related Items. View More
Adjustments. If any change is made to In the event of changes in the outstanding Common Stock or in the capital structure of the Company, if required, Company by reason of any stock or extraordinary cash dividend, stock split, reverse stock split, an extraordinary corporate transaction such as any recapitalization, reorganization, merger, consolidation, combination, exchange, or other relevant change in capitalization occurring after the shares Grant Date, the Restricted Stock will be equitably adjusted or s...ubstituted, as to the number, price or kind of a share of Common Stock or other consideration to the extent necessary to preserve the economic intent of the award of the Restricted Stock under this Agreement. The Company shall give the Grantee notice of an adjustment hereunder and, upon notice, such adjustment shall be adjusted or terminated in any manner as contemplated by Section 10 of the Plan. conclusive and binding for all purposes. 2 8. 9. Tax Liability and Withholding. 8.1 9.1 The Grantee shall be required to pay to the Company, and the Company shall have the right to deduct from any compensation paid to the Grantee pursuant to the Plan, Grantee, the amount of any required withholding taxes in respect of the Restricted Stock and to take all such other action as the Administrator Company deems necessary to satisfy all obligations for the payment of such withholding taxes. 8.2 The Company may permit the Grantee to satisfy any federal, state or local tax withholding obligation by any of the following means, or by a combination of such means: (a) tendering a cash payment. (b) authorizing the Company to withhold shares of Common Stock from the shares of Common Stock otherwise issuable or deliverable to the Grantee as a result of the vesting of the Restricted Stock; provided, however, that no shares of Common Stock shall be withheld with a value exceeding the maximum amount of tax required to be withheld by law. (c) delivering to the Company previously owned and unencumbered shares of Common Stock. 9.2 Notwithstanding any action the Company takes with respect to any or all income tax, social insurance, payroll tax, or other tax-related withholding ("Tax-Related Items"), the ultimate liability for all Tax-Related Items is and remains the Grantee's responsibility and the Company (a) makes no representation or undertakings regarding the treatment of any Tax-Related Items in connection with the grant or vesting of the Restricted Stock or the subsequent sale of any shares; and (b) does not commit to structure the Restricted Stock to reduce or eliminate the Grantee's liability for Tax-Related Items. View More
Adjustments. If any change is made to the outstanding Common Stock or the capital structure of the Company, if required, the shares of Common Restricted Stock Units shall be adjusted or terminated in any manner as contemplated by Section 10 of the Plan. 2 8. 3 9. Tax Liability and Withholding. 8.1 9.1 The Grantee shall be required to pay to the Company, and the Company shall have the right to deduct from any compensation paid to the Grantee pursuant to the Plan, this Agreement or otherwise, the amount of any... required withholding taxes in respect of the Restricted Stock Units and to take all such other action as the Administrator Company deems necessary to satisfy all obligations for the payment of such withholding taxes. 8.2 The Company may, at its discretion, permit the Grantee to satisfy any federal, state or local tax withholding obligation by any of the following means, or by a combination of such means: (a) tendering a cash payment; (b) authorizing the Company to withhold shares of Common Stock from the shares of Common Stock otherwise issuable or deliverable to the Grantee as a result of the vesting of the Restricted Stock Units; provided, however, that no shares of Common Stock shall be withheld with a value exceeding the minimum amount of tax required to be withheld by law; or (c) delivering to the Company previously owned and unencumbered shares of Common Stock. 9.2 Notwithstanding any action the Company takes with respect to any or all income tax, social insurance, payroll tax, or other tax-related withholding ("Tax-Related Items"), the ultimate liability for all Tax-Related Items is and remains the Grantee's responsibility and the Company (a) makes no representation or undertakings regarding the treatment of any Tax-Related Items in connection with the grant grant, vesting or vesting settlement of the Restricted Stock Units or the subsequent sale of any shares; and (b) does not commit to structure the Restricted Stock Units to reduce or eliminate the Grantee's liability for Tax-Related Items. View More
