Common use of Adjustments to Number of Shares Clause in Contracts

Adjustments to Number of Shares. In the event there is any change in the Common Stock through the declaration of stock dividends or rights dividends, or through recapitalization resulting in stock split-ups, or combinations or exchanges of shares, or otherwise (including any change which would result n a substantial dilution or enlargement of the rights or economic benefit inuring to the Employee from the Restricted Shares), the Restricted Shares then subject to the restrictions imposed hereunder shall be appropriately adjusted as determined by the Committee, in its sole discretion.

Appears in 3 contracts

Sources: Restricted Stock Award Agreement (Cyberguard Corp), Restricted Stock Award Agreement (Cyberguard Corp), Restricted Stock Award Agreement (Cyberguard Corp)