Common use of Adjustment for Reorganisation Clause in Contracts

Adjustment for Reorganisation. In the event of any reorganisation (including consolidation, subdivision, reduction or return) of the issued capital of the Company, the number of Achievement Rights to which each Participant is entitled, or any amount payable on vesting of the Achievement Rights, or both as appropriate, will be adjusted in the manner determined by the Board to ensure that no advantage or disadvantage accrues to the Participant as a result of such corporate actions.

Appears in 1 contract

Sources: Performance Rights Plan

Adjustment for Reorganisation. In the event of any reorganisation (including consolidation, subdivision, reduction or return) of the issued capital of the Company, the number of Achievement Performance Rights to which each Participant is entitled, or any amount payable on vesting of the Achievement Performance Rights, or both as appropriate, will be adjusted in the manner determined by the Board to ensure that no advantage or disadvantage accrues to the Participant as a result of such corporate actions.

Appears in 1 contract

Sources: Performance Rights Plan