Adjustments in Certain Events. Pursuant and subject to Section 4(c) of the Plan, certain changes in the number or character of the Shares (through merger, consolidation, recapitalization, reclassification, combination, stock dividend, stock split, or other event) shall result in an equitable adjustment to avoid dilution or enlargement of Employee’s rights with respect to any Units subject to this Award which have not yet been settled.
Appears in 2 contracts
Sources: Restricted Stock Unit Award Agreement (Alerus Financial Corp), Restricted Stock Unit Award Agreement (Alerus Financial Corp)