Common use of Adjustment of Awards Upon the Occurrence of Certain Unusual or Nonrecurring Events Clause in Contracts

Adjustment of Awards Upon the Occurrence of Certain Unusual or Nonrecurring Events. The Board may make adjustments in the terms and conditions of, and the criteria included in, Awards in recognition of unusual or nonrecurring events (including, without limitation, the events described in Section 4.4 hereof) affecting the Company or the financial statements of the Company or of changes in applicable laws, regulations, or accounting principles, whenever the Board determines that such adjustments are appropriate in order to prevent unintended dilution or enlargement of the benefits or potential benefits intended to be made available under this Plan. The determination of the Board as to the foregoing adjustments, if any, shall be conclusive and binding on Participants under this Plan.

Appears in 1 contract

Sources: Employment Agreement (NPS Pharmaceuticals Inc)

Adjustment of Awards Upon the Occurrence of Certain Unusual or Nonrecurring Events. The Board Committee may make adjustments in the terms and conditions of, and the criteria included in, Awards in recognition of unusual or nonrecurring events (including, without limitation, the events described in Section 4.4 4.2 hereof) affecting the Company or the financial statements of the Company or of changes in applicable laws, regulations, or accounting principles, whenever the Board Committee determines that such adjustments are appropriate in order to prevent unintended dilution or enlargement of the benefits or potential benefits intended to be made available under this the Plan. The determination of the Board Committee as to the foregoing adjustments, if any, shall be conclusive and binding on Participants under this the Plan.

Appears in 1 contract

Sources: Equity Compensation Agreement (County Bancorp, Inc.)

Adjustment of Awards Upon the Occurrence of Certain Unusual or Nonrecurring Events. The Board Committee may make adjustments in the terms and conditions of, and the criteria included in, Awards in recognition of unusual or nonrecurring events (including, without 11 As of 2/3/09 limitation, the events described in Section 4.4 hereof) affecting the Company or the financial statements of the Company or of changes in applicable laws, regulations, or accounting principles, whenever the Board Committee determines that such adjustments are appropriate in order to prevent unintended dilution or enlargement of the benefits or potential benefits intended to be made available under this Plan. The determination of the Board Committee as to the foregoing adjustments, if any, shall be conclusive and binding on Participants under this Plan.

Appears in 1 contract

Sources: 2005 Restricted Stock and Restricted Stock Unit Plan (Unitrin Inc)