Recapitalization Clause Example from Business Contracts

Recapitalization. Without limitation of Section 10 of the Plan, in the event there is any change in the Company's Common Stock through the declaration of stock dividends or through recapitalization resulting in stock split-ups or through merger, consolidation, exchange of shares of Common Stock, or otherwise, the number and class of shares of Common Stock subject to the Performance Shares shall be equitably adjusted by the Company, in a manner determined in its sole discretion, to prevent dilution or enlargement ...of the benefits intended to be conferred by the Performance Shares under this Agreement. View More