Reports Clause Example with 6 Variations from Business Contracts
This page contains Reports 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.
Reports. Individual accounts will be maintained for each Participant in the Plan. Statements of account will be given to participating Eligible Employees at least annually, which statements will set forth the amounts of Contributions, the Purchase Price, the number of shares of Common Stock purchased and the remaining cash balance, if any. 19. Adjustments, Dissolution, Liquidation, Merger, or Change in Control. (a) Adjustments. In the event that any dividend or other distribution (whether in the form of ...cash, Common Stock, other securities, or other property), recapitalization, stock split, reverse stock split, reorganization, merger, consolidation, split-up, spin-off, combination, repurchase, or exchange of Common Stock or other securities of the Company, or other change in the corporate structure of the Company affecting the Common Stock occurs, the Administrator, in order to prevent dilution or enlargement of the benefits or potential benefits intended to be made available under the Plan, will, in such manner as it may deem equitable, adjust the number and class of Common Stock that may be delivered under the Plan, the Purchase Price per share, the class, and the number of shares of Common Stock covered by each option under the Plan that has not yet been exercised, and the numerical limits of Sections 7 and 13. (b) Dissolution or Liquidation. In the event of the proposed dissolution or liquidation of the Company, any Offering Period then in progress will be shortened by setting a New Exercise Date, and will terminate immediately prior to the consummation of such proposed dissolution or liquidation, unless provided otherwise by the Administrator. The New Exercise Date will be before the date of the Company's proposed dissolution or liquidation. The Administrator will notify each Participant in writing or electronically, prior to the New Exercise Date, that the Exercise Date for the Participant's option has been changed to the New Exercise Date and that the Participant's option will be exercised automatically on the New Exercise Date, unless prior to such date the Participant has withdrawn from the Offering Period as provided in Section 10 hereof. (c) Merger or Change in Control. In the event of a merger or Change in Control, each outstanding option will be assumed or an equivalent option substituted by the successor corporation or a Parent or Subsidiary of the successor corporation. In the event that the successor corporation refuses to assume or substitute for the option, the Offering Period with respect to which such option relates will be shortened by setting a New Exercise Date on which such Offering Period will end. The New Exercise Date will occur before the date of the Company's proposed merger or Change in Control. The Administrator will notify each Participant in writing or electronically prior to the New Exercise Date, that the Exercise Date for the Participant's option has been changed to the New Exercise Date and that the Participant's option will be exercised automatically on the New Exercise Date, unless prior to such date the Participant has withdrawn from the Offering Period as provided in Section 10 hereof.View More
Variations of a "Reports" Clause from Business Contracts
Reports. Individual accounts will shall be maintained for each Participant participant in the Plan. Statements of account will shall be given to participating Eligible Employees at least annually, which statements will shall set forth the amounts of Contributions, payroll deductions, the Purchase Price, the number of shares of Common Stock purchased and the remaining cash balance, if any. 6 19. Adjustments, Dissolution, Liquidation, Merger, or Change Adjustments Upon Changes in Control. Capitalization; C...orporate Transactions. (a) Adjustments. In Changes in Capitalization. Subject to any required action by the event that any dividend or other distribution (whether in the form of cash, Common Stock, other securities, or other property), recapitalization, stock split, reverse stock split, reorganization, merger, consolidation, split-up, spin-off, combination, repurchase, or exchange of Common Stock or other securities stockholders of the Company, or other change in the corporate structure maximum number of the Company affecting the Common Stock occurs, the Administrator, in order to prevent dilution or enlargement of the benefits or potential benefits intended to be made available under the Plan, will, in such manner as it may deem equitable, adjust the number and class of Common Stock shares that may be delivered issued under the Plan, Plan as provided in Section 13(a), the Purchase Price maximum number of shares each participant may purchase each Offering Period (pursuant to Section 4(b)), as well as the price per share, the class, share and the number of shares of Common Stock covered by each option under the Plan that has which have not yet been exercised, and shall be proportionately adjusted for any increase or decrease in the numerical limits number of Sections 7 and 13. (b) Dissolution issued shares of Common Stock resulting from a stock split, reverse stock split, stock dividend, extraordinary cash dividend, combination or Liquidation. In the event reclassification of the proposed Common Stock, or any other increase or decrease in the number of shares of Common Stock effected without receipt of consideration by the Company; provided, however, that conversion of any convertible securities of the Company shall not be deemed to have been "effected without receipt of consideration". Such adjustment shall be made by the Board or the Committee, whose determination in that respect shall be final, binding and conclusive. Except as expressly provided herein, no issuance by the Company of shares of stock of any class, or securities convertible into shares of stock of any class, shall affect, and no adjustment by reason thereof shall be made with respect to, the number or price of shares of Common Stock subject to an option. (b) Corporate Transactions. Upon a dissolution or liquidation of the Company, or any other transaction or event that the Company does not survive, or does not survive as a publicly-traded company in respect of its Common Stock, subject to any provision that has been expressly made by the Board for the survival, substitution, assumption, exchange or other settlement of the options that are then outstanding under the Plan, each Offering Period then in progress shall be shortened and a new Exercise Date shall be established by the Board or the Committee (the "New Exercise Date"), as of which date the Plan and any Offering Period then in progress will shall terminate and all then-outstanding options under the Plan shall be shortened by setting a New Exercise Date, and will terminate immediately prior to automatically exercised in accordance with the consummation of such proposed dissolution or liquidation, unless provided otherwise by terms hereof; provided, however, that the Administrator. The New Exercise Date will shall not be more than ten (10) days before the date of the Company's proposed dissolution consummation of such dissolution, liquidation or liquidation. other transaction or event. The Administrator will notify each Participant in writing or electronically, prior to the New Exercise Date, that the Exercise Date for the Participant's option has been changed to Purchase Price on the New Exercise Date and that the Participant's option will shall be exercised automatically on the New Exercise Date, unless prior to such date the Participant has withdrawn from the Offering Period determined as provided in Section 10 hereof. (c) Merger or Change in Control. In the event of a merger or Change in Control, each outstanding option will be assumed or an equivalent option substituted by the successor corporation or a Parent or Subsidiary of the successor corporation. In the event herein, except that the successor corporation refuses to assume or substitute for the option, the Offering Period with respect to which such option relates will be shortened by setting a New Exercise Date on which such Offering Period will end. The New Exercise Date will occur before the date of the Company's proposed merger or Change in Control. The Administrator will notify each Participant in writing or electronically prior to the New Exercise Date, that the Exercise Date for the Participant's option has been changed to the New Exercise Date and that shall be treated as the Participant's option will be exercised automatically on the New Exercise Date, unless prior to "Exercise Date" for purposes of determining such date the Participant has withdrawn from the Offering Period as provided in Section 10 hereof. Purchase Price. View More
Reports. Individual accounts will be maintained for each Participant in the Plan. Statements of account will be given provided and/or made available to participating Eligible Employees at least annually, which statements will set forth the amounts of Contributions, the Purchase Price, the number of shares of Common Stock purchased and the remaining cash balance, if any. 19. Statements may be made available electronically in accordance with applicable law.19. Adjustments, Dissolution, Liquidation, Merger,... Merger or Change in Control. (a) Adjustments. In Subject to the event that provisions of Section 19(c), if there shall occur any dividend or other distribution (whether such change in the form capital structure of cash, Common Stock, other securities, or other property), recapitalization, the Company by reason of any stock split, reverse stock split, reorganization, merger, consolidation, split-up, spin-off, combination, repurchase, stock dividend, subdivision, combination or exchange reclassification of Common Stock or other securities of the Company, or other change in the corporate structure of the Company affecting the Common Stock occurs, the Administrator, in order to prevent dilution or enlargement of the benefits or potential benefits intended to shares that may be made available issued under the Plan, will, in such manner as it may deem equitable, adjust any recapitalization, any merger, any consolidation, any spin off, any reorganization or any partial or complete liquidation, or any other corporate transaction or event having an effect similar to any of the foregoing (a "Section 19 Event"), then (i) the number and class of Common Stock that may be delivered under the Plan, (ii) the Purchase Price per share, the class, share and (iii) the number of shares of Common Stock covered by each option under the Plan that has not yet been exercised, and the numerical limits of Sections 7 and 13 shall be appropriately adjusted. In addition, subject to Section 19(c), if there shall occur any change in the capital structure or the business of the Company that is not a Section 19 Event (an "Other Extraordinary Event"), including by reason of any extraordinary dividend (whether cash or stock), any conversion, any adjustment, any issuance of any class of securities convertible or exercisable into, or exercisable for, any class of stock, or any sale or transfer of all or substantially all of the Company's assets or business, then the Board, in its sole discretion, may adjust any option and make such other adjustments to the Plan. Any adjustment pursuant to this Section 19 shall be consistent with the applicable Section 19 Event or the applicable Other Extraordinary Event, as the case may be, and in such manner as the Board may, in its sole discretion, deem appropriate and equitable to prevent substantial dilution or enlargement of the rights granted to, or available for, Participants under the Plan. 13 Any such adjustment determined by the Board shall be final, binding and conclusive on the Company and all Participants and their respective heirs, executors, administrators, successors and permitted assigns. Except as expressly provided in this Section 19, a Participant shall have no rights by reason of any Section 19 Event or any Other Extraordinary Event. In the event that any dividend or other distribution (whether in the form of cash, Common Stock, other securities, or other property). (b) Dissolution or Liquidation. In the event of the proposed dissolution or liquidation of the Company, any Offering Period then in progress will be shortened by setting a New Exercise Date, and will terminate immediately prior to the consummation of such proposed dissolution or liquidation, unless provided otherwise by the Administrator. The New Exercise Date will be before the date of the Company's proposed dissolution or liquidation. The Administrator will notify each Participant in writing or electronically, prior to the New Exercise Date, that the Exercise Date for the Participant's option has been changed to the New Exercise Date and that the Participant's option will be exercised automatically on the New Exercise Date, unless prior to such date the Participant has withdrawn from the Offering Period as provided in Section 10 hereof. (c) Merger or Change in Control. In the event of a merger or Change in Control, each outstanding option will be assumed or an equivalent option substituted by the successor corporation or a Parent or Subsidiary of the successor corporation. In the event that the successor corporation refuses to assume or substitute for the option, the Offering Period with respect to which such option relates will be shortened by setting a New Exercise Date on which such Offering Period will shall end. The New Exercise Date will occur before the date of the Company's proposed merger or Change in Control. The Administrator will notify each Participant in writing or electronically prior to the New Exercise Date, that the Exercise Date for the Participant's option has been changed to the New Exercise Date and that the Participant's option will be exercised automatically on the New Exercise Date, unless prior to such date the Participant has withdrawn from the Offering Period as provided in Section 10 hereof. View More
Reports. Individual accounts will shall be maintained for each Participant participant in the Plan. Statements of account will shall be given to participating Eligible Employees at least annually, which statements will shall set forth the amounts of Contributions, payroll deductions, the Purchase Price, the number of shares of Common Stock purchased and the remaining cash balance, if any. 7 19. Adjustments, Adjustments Upon Changes in Capitalization, Dissolution, Liquidation, Merger, Liquidation or Chang...e in Control. (a) Adjustments. In Changes in Capitalization. Subject to any required action by the event that any dividend or other distribution (whether in the form of cash, Common Stock, other securities, or other property), recapitalization, stock split, reverse stock split, reorganization, merger, consolidation, split-up, spin-off, combination, repurchase, or exchange of Common Stock or other securities shareholders of the Company, or other change in the corporate structure maximum number of shares of the Company affecting the Company's Common Stock occurs, the Administrator, in order to prevent dilution or enlargement of the benefits or potential benefits intended to which shall be made available under the Plan, will, in such manner as it may deem equitable, adjust the number and class of Common Stock that may be delivered for sale under the Plan, the Purchase Price maximum number of shares each participant may purchase each Offering Period (pursuant to Section 7), as well as the price per share, the class, share and the number of shares of Common Stock covered by each option under the Plan that which has not yet been exercised, exercised shall be proportionately adjusted for any increase or decrease in the number of issued shares of Common Stock resulting from a stock split, reverse stock split, stock dividend, combination or reclassification of the Common Stock, or any other change in the number of shares of Common Stock effected without receipt of consideration by the Company; provided, however, that conversion of any convertible securities of the Company shall not be deemed to have been "effected without receipt of consideration." Such adjustment shall be made by the Administrator, whose determination in that respect shall be final, binding and conclusive. Except as expressly provided herein, no issuance by the numerical limits Company of Sections 7 shares of stock of any class, or securities convertible into shares of stock of any class, shall affect, and 13. no adjustment by reason thereof shall be made with respect to, the number or price of shares of Common Stock subject to an option. (b) Dissolution or Liquidation. In the event of the proposed dissolution or liquidation of the Company, any the Offering Period then in progress will shall be shortened by setting a New new Exercise Date, Date (the "New Exercise Date"), and will shall terminate immediately prior to the consummation of such proposed dissolution or liquidation, unless provided otherwise by the Administrator. The New Exercise Date will shall be before the date of the Company's proposed dissolution or liquidation. The Administrator will shall notify each Participant participant in writing or electronically, writing, at least ten (10) business days prior to the New Exercise Date, that the Exercise Date for the Participant's participant's option has been changed to the New Exercise Date and that the Participant's participant's option will shall be exercised automatically on the New Exercise Date, unless prior to such date the Participant participant has withdrawn from the Offering Period as provided in Section 10 hereof. (c) Merger or Change in Control. In the event of a merger or Change in Control, each outstanding option will shall be assumed or an equivalent option substituted by the successor corporation or a Parent or Subsidiary of the successor corporation. In the event that the successor corporation refuses to assume or substitute for the option, the any Offering Period with respect to which such option relates will Periods then in progress shall be shortened by setting a New Exercise Date and any Offering Periods then in progress shall end on which such Offering Period will end. the New Exercise Date. The New Exercise Date will shall occur before the date of the Company's proposed merger or Change in Control. The Administrator will shall notify each Participant participant in writing or electronically writing, at least ten (10) business days prior to the New Exercise Date, that the Exercise Date for the Participant's participant's option has been changed to the New Exercise Date and that the Participant's participant's option will shall be exercised automatically on the New Exercise Date, unless prior to such date the Participant participant has withdrawn from the Offering Period as provided in Section 10 hereof. View More
Reports. Individual accounts will shall be maintained for each Participant participant in the Plan. Statements of account will shall be given to participating Eligible Employees at least annually, which statements will shall set forth the amounts of Contributions, payroll deductions, the Purchase Price, the number of shares of Common Stock purchased and the remaining cash balance, if any. 7 19. Adjustments, Adjustments Upon Changes in Capitalization, Dissolution, Liquidation, Merger, Merger or Change in ...Control. (a) Adjustments. In Changes in Capitalization. Subject to any required action by the event that any dividend or other distribution (whether in the form of cash, Common Stock, other securities, or other property), recapitalization, stock split, reverse stock split, reorganization, merger, consolidation, split-up, spin-off, combination, repurchase, or exchange of Common Stock or other securities stockholders of the Company, or other change in the corporate structure maximum number of shares of the Company affecting the Company's Common Stock occurs, the Administrator, in order to prevent dilution or enlargement of the benefits or potential benefits intended to which shall be made available under the Plan, will, in such manner as it may deem equitable, adjust the number and class of Common Stock that may be delivered for sale under the Plan, the maximum number of shares each participant may purchase each Purchase Price Period (pursuant to Section 7), as well as the price per share, the class, share and the number of shares of Common Stock covered by each option under the Plan that which has not yet been exercised, exercised shall be proportionately adjusted for any increase or decrease in the number of issued shares of Common Stock resulting from a stock split, reverse stock split, stock dividend, combination or reclassification of the Common Stock, or any other change in the number of shares of Common Stock effected without receipt of consideration by the Company; provided, however, that conversion of any convertible securities of the Company shall not be deemed to have been "effected without receipt of consideration." Such adjustment shall be made by the Administrator, whose determination in that respect shall be final, binding and conclusive. Except as expressly provided herein, no issuance by the numerical limits Company of Sections 7 shares of stock of any class, or securities convertible into shares of stock of any class, shall affect, and 13. no adjustment by reason thereof shall be made with respect to, the number or price of shares of Common Stock subject to an option. (b) Dissolution or Liquidation. In the event of the proposed dissolution or liquidation of the Company, any all Offering Period Periods then in progress will shall be shortened by setting a New new Exercise Date, Date (the "New Exercise Date"), and will shall terminate immediately prior to the consummation of such proposed dissolution or liquidation, unless provided otherwise by the Administrator. The New Exercise Date will shall be before the date of the Company's proposed dissolution or liquidation. The Administrator will shall notify each Participant participant in writing or electronically, writing, at least ten (10) business days prior to the New Exercise Date, that the Exercise Date for the Participant's participant's option has been changed to the New Exercise Date and that the Participant's participant's option will shall be exercised automatically on the New Exercise Date, unless prior to such date the Participant participant has withdrawn from the Offering Period as provided in Section 10 hereof. (c) Merger or Change in Control. In the event of a merger or Change in Control, each outstanding option will shall be assumed or an equivalent option substituted by the successor corporation or a Parent or Subsidiary of the successor corporation. In the event that the successor corporation refuses to assume or substitute for the option, the all Offering Period with respect to which such option relates will Periods then in progress shall be shortened by setting a New Exercise Date and shall end on which such Offering Period will end. the New Exercise Date. The New Exercise Date will occur shall be before the date of the Company's proposed merger or Change in Control. The Administrator will shall notify each Participant participant in writing or electronically writing, at least ten (10) business days prior to the New Exercise Date, that the Exercise Date for the Participant's participant's option has been changed to the New Exercise Date and that the Participant's participant's option will shall be exercised automatically on the New Exercise Date, unless prior to such date the Participant participant has withdrawn from the Offering Period as provided in Section 10 hereof. View More
Reports. Individual accounts will shall be maintained for each Participant in the Plan. Statements of account will shall be given to participating Eligible Employees at least annually, which statements will shall set forth the amounts of Contributions, payroll deductions, the Purchase Price, the number of shares of Common Stock purchased and the remaining cash balance, if any. 19. Adjustments, Dissolution, Liquidation, Merger, or Change 8 19.ADJUSTMENTS UPON CHANGES IN CAPITALIZATION, DISSOLUTION, LIQUID...ATION, MERGER OR ASSET SALE. (a)Changes in Control. (a) Adjustments. Capitalization. In the event that any dividend or other distribution (whether in the form of cash, Common Stock, other securities, securities or other property), recapitalization, stock split, reverse stock split, reorganization, merger, consolidation, split-up, spin-off, combination, repurchase, or exchange of Common Stock or other securities of the Company, or other similar change in the corporate structure of the Company affecting the Common Stock occurs, the Administrator, in order to prevent dilution or enlargement of the benefits or potential benefits intended to be made available under the Plan, will, in such manner as it may deem equitable, adjust the number and class of Common Stock that may be delivered under of the Plan, Reserves, the Purchase Price per share, the class, share and the number of shares of Common Stock covered by each option under the Plan that which has not yet been exercised, and the numerical limits of Sections 7 and 13 (b) Dissolution shall be automatically proportionately adjusted. (b)Dissolution or Liquidation. In the event of the proposed dissolution or liquidation of the Company, any the Offering Period then in progress will shall be shortened by setting a New new Exercise Date, and will shall terminate immediately prior to the consummation of such proposed dissolution or liquidation, unless provided otherwise by the Administrator. Board. The New Exercise Date will shall be before the date of the Company's proposed dissolution or liquidation. The Administrator will Board shall notify each Participant in writing or electronically, writing, at least ten (10) business days prior to the New Exercise Date, that the Exercise Date for the Participant's option has been changed to the New Exercise Date and that the Participant's option will shall be exercised automatically on the New Exercise Date, unless prior to such date the Participant has withdrawn from the Offering Period as provided in Section 10 hereof. (c) Merger (c)Merger or Change in Control. Asset Sale. In the event of a proposed sale of all or substantially all of the assets of the Company, or the merger of the Company with or Change in Control, into another corporation, each outstanding option will shall be assumed or an equivalent option substituted by the successor corporation or a Parent or Subsidiary of the successor corporation. In the event that the successor corporation refuses to assume or substitute for the option, the any Offering Period with respect to which such option relates will Periods then in progress shall be shortened by setting a New Exercise Date on which such Offering Period will shall end. The New Exercise Date will shall occur before the date of the Company's proposed merger sale or Change in Control. merger. The Administrator will Board shall notify each Participant in writing or electronically writing, at least ten (10) business days prior to the New Exercise Date, that the Exercise Date for the Participant's option has been changed to the New Exercise Date and that the Participant's option will shall be exercised automatically on the New Exercise Date, unless prior to such date the Participant has withdrawn from the Offering Period as provided in Section 10 hereof. View More
Reports. Individual accounts will be maintained for each Participant in the Plan. Statements of account will be given to participating Eligible Employees at least annually, which statements will set forth the amounts of Contributions, the Purchase Price, the number of shares of Class A Common Stock purchased and the remaining cash balance, if any. 12 19. Adjustments, Dissolution, Liquidation, Merger, Merger or Change in Control. (a) Adjustments. In the event that any dividend subdivision or other distrib...ution (whether in the form consolidation of cash, outstanding shares of Class A Common Stock, other securities, or other property), recapitalization, stock split, reverse stock split, reorganization, merger, consolidation, split-up, spin-off, combination, repurchase, or exchange declaration of a dividend payable in shares of Class A Common Stock or other securities stock split, other recapitalization or capital reorganization of the Company, any consolidation or other change in the corporate structure merger of the Company with another corporation or entity, the adoption by the Company of any plan of exchange affecting the Class A Common Stock occurs, or any distribution to holders of Class A Common Stock of securities or property (other than normal cash dividends or dividends payable in Class A Common Stock), the Administrator, in order to prevent dilution or enlargement of the benefits or potential benefits intended to be made available under the Plan, will, in such manner as it may deem equitable, adjust the number and class of Class A Common Stock that may be delivered under the Plan, the Purchase Price per share, the class, share and the number of shares of Class A Common Stock covered by each option under the Plan that has not yet been exercised, and the numerical limits of Sections 7 and 13 of the Plan. (b) Dissolution or Liquidation. In the event of the proposed dissolution or liquidation of the Company, any Offering Period then in progress will be shortened by setting a New Exercise Date, and will terminate immediately prior to the consummation of such proposed dissolution or liquidation, unless provided otherwise by the Administrator. The New Exercise Date will be before the date of the Company's proposed dissolution or liquidation. The Administrator will notify each Participant in writing or electronically, prior to the New Exercise Date, that the Exercise Date for the Participant's option has been changed to the New Exercise Date and that the Participant's option will be exercised automatically on the New Exercise Date, unless prior to such date the Participant has withdrawn from the Offering Period as provided in Section 10 hereof. (c) Merger or Change in Control. In the event of a merger or Change in Control, each outstanding option will be assumed or an equivalent option substituted by the successor corporation or a Parent or Subsidiary of the successor corporation. In the event that the successor corporation refuses to assume or substitute for the option, the Offering Period with respect to which such option relates will be shortened by setting a New Exercise Date on which such Offering Period will shall end. The New Exercise Date will occur before the date of the Company's proposed merger or Change in Control. The Administrator will notify each Participant in writing or electronically prior to the New Exercise Date, that the Exercise Date for the Participant's option has been changed to the New Exercise Date and that the Participant's option will be exercised automatically on the New Exercise Date, unless prior to such date the Participant has withdrawn from the Offering Period as provided in Section 10 hereof. View More
