Common use of Stock Dividend, Stock Split and Reverse Stock Split Clause in Contracts

Stock Dividend, Stock Split and Reverse Stock Split. Upon a stock dividend of, or stock split or reverse stock split affecting, the Common Stock, the number of Award Shares and the number of such Award Shares that are nonvested and forfeitable shall, without further action of the Board, be adjusted to reflect such event. Fractional shares that result from such adjustments shall be eliminated. Adjustments under this Section 7 will be made by the Board, whose determination as to what adjustments, if any, will be made and the extent thereof will be final, binding and conclusive.

Stock Dividend, Stock Split and Reverse Stock Split. Upon a stock dividend of, or stock split or reverse stock split affecting, the Common Stock, the number of Award Shares and the number of such Award Shares that are nonvested and forfeitable constitute Restricted Shares shall, without further action of the Board, be adjusted to reflect such event. Fractional shares , unless, the Board determines, at the time it approves such stock dividend, stock split, or reverse stock split, that result from no such adjustments adjustment shall be eliminatedmade. Adjustments under this Section 7 will be made by the Board, whose determination as to what The Administrator may make adjustments, if anyin its discretion, will be made and to address the extent thereof will be finaltreatment of fractional shares with respect to the Award Shares as a result of the stock dividend, binding and conclusivestock split or reverse stock split.

Stock Dividend, Stock Split and Reverse Stock Split. Upon a stock dividend of, or stock split or reverse stock split affecting, the Common Stock, the number of Award Shares and the number of such Award Shares that are nonvested and forfeitable shall, without further action of the BoardAdministrator, be adjusted to reflect such event. Fractional shares that result from such adjustments shall be eliminated. Adjustments under this Section 7 will be made by the BoardAdministrator, whose determination as to what adjustments, if any, will be made and the extent thereof will be final, binding and conclusive.