Common use of Accelerated Vesting; Change in Corporate Control Clause in Contracts

Accelerated Vesting; Change in Corporate Control. To the extent you have not previously vested in your rights with respect to this Award, your Award will become – o 100% vested if your Continuous Service ends due to your death or “disability” within the meaning of Section 409A of the Code; o ___% vested if your Continuous Service ends due to your retirement at or after you have attained the age of ___ and completed at least ___ of Continuous Service; o according to the following schedule if your Continuous Service ends due to an Involuntary Termination that occurs within the one year period following a Change in Control: Date on which Your Involuntary Termination Portion of Your Award Occurs (by reference to Date of Award) As to which Vesting Accelerates

Appears in 1 contract

Samples: Stock Option Award Agreement (Versar Inc)

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Accelerated Vesting; Change in Corporate Control. To the extent you have not previously vested in your rights with respect to this Award, your Award will become – o ¨ 100% vested if your Continuous Service ends due to your death or “disability” within the meaning of Section 409A of the Code; o ___¨ % vested if your Continuous Service ends due to your retirement at or after you have attained the age of ___ and completed at least ___ full years of Continuous Service; o ¨ according to the following schedule if your Continuous Service ends due to an Involuntary Termination that occurs within the one year period following a Change in Control: Date on which Your Involuntary Termination Portion of Your Award Occurs (by reference to Date of Award) Portion of Your Award As to which Vesting AcceleratesAccelerates Before 1st Anniversary 0 % Between 1st and 2nd Anniversary 50 % After 2nd Anniversary 100 %

Appears in 1 contract

Samples: Award Agreement (Iberiabank Corp)

Accelerated Vesting; Change in Corporate Control. To the extent you have not previously vested in your rights with respect to this Award, your Award will become – o 100¨ ___% vested if your Continuous Service ends due to your death or “disability” within the meaning of Section 409A of the Code; o ¨ ___% vested if your Continuous Service ends due to your retirement at or after you have attained the age of ___ _and completed at least ___ _full years of Continuous Service; o ¨ according to the following schedule if your Continuous Service ends due to an Involuntary Termination that occurs within the one year period twelve months following a Change in Control: Date on which Your Involuntary Termination Portion of Your Award Occurs (by reference to Date of Award) As to which Vesting AcceleratesAccelerates Before 1st Anniversary 0 % Between 1st and 2nd Anniversary % After 2nd Anniversary % <Other desired schedule>

Appears in 1 contract

Samples: Share Unit Award Agreement (Commerce Energy Group Inc)

Accelerated Vesting; Change in Corporate Control. To the extent you have not previously vested in your rights with respect to this Award, your Award will become becomeo 100% vested if your Continuous Service ends due to your death or "disability" within the meaning of Section 409A of the Code; o ___% vested if your Continuous Service ends due to your retirement at or after you have attained the age of ___ and completed at least ___ full years of Continuous Service; o according to the following schedule if your Continuous Service ends due to an Involuntary Termination that occurs within the one year period following a Change in Control: Date on which Your Involuntary Termination Portion of Your Award Occurs (by reference to Date of Award) Portion of Your Award As to which Vesting AcceleratesAccelerates Before 1st Anniversary % Between 1st and 2nd Anniversary % After 2nd Anniversary %

Appears in 1 contract

Samples: Stock Option Award Agreement (Commerce Energy Group, Inc.)

Accelerated Vesting; Change in Corporate Control. To the extent you have not previously vested in your rights with respect to this Award, your Award will become – o 100% vested if your Continuous Service ends due to your death or “disability” within the meaning of Section 409A 22(e)(3) of the Code; o ___% vested if your Continuous Service ends due to your retirement at or after you have attained the age of ___ and completed at least ___ full years of Continuous Service; o according to the following schedule if your Continuous Service ends due to an Involuntary Termination that occurs within the one year period following a Change in Control: Date on which Your Involuntary Termination Portion of Your Award Occurs (by reference to Date of Award) As to which Vesting Accelerates

Appears in 1 contract

Samples: Restricted Share Award Agreement (Versar Inc)

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Accelerated Vesting; Change in Corporate Control. To the extent you have not previously vested in your rights with respect to this Award, your Award will become – o 100___% vested if your Continuous Service ends due to your death or “disability” within the meaning of Section 409A of the Code; o ___% vested if your Continuous Service ends due to your retirement at or after you have attained the age of ___ and completed at least ___ full years of Continuous Service; o according to the following schedule if your Continuous Service ends due to an Involuntary Termination that occurs within the one year period following a Change in Control: Date on which Your Involuntary Termination Portion of Your Award Occurs (by reference to Date of Award) As to which Vesting AcceleratesAccelerates Before 1st Anniversary 0 % Between 1st and 2nd Anniversary — % After 2nd Anniversary — %

Appears in 1 contract

Samples: Award Agreement (Commerce Energy Group Inc)

Accelerated Vesting; Change in Corporate Control. To the extent you have not previously vested in your rights with respect to this Award, your Award will become – o 100become— % vested if your Continuous Service ends due to your death or "disability" within the meaning of Section 409A of the Code; o ___% vested if your Continuous Service ends due to your retirement at or after you have attained the age of ___ and completed at least ___ full years of Continuous Service; o according to the following schedule if your Continuous Service ends due to an Involuntary Termination that occurs within the one year period following a Change in Control: Date on which Your Involuntary Termination Portion of Your Award Occurs (by reference to Date of Award) Portion of Your Award As to which Vesting AcceleratesAccelerates Before 1st Anniversary % Between 1st and 2nd Anniversary % After 2nd Anniversary %

Appears in 1 contract

Samples: Commerce Energy Group, Inc.

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