Common use of Accelerated Vesting of Awards Clause in Contracts

Accelerated Vesting of Awards. In the event of a Change in Corporate Control, all outstanding awards granted to the Executive under the Plan (including restricted stock units, options and other awards) in effect shall become fully vested and, in the case of options, exercisable in whole or in part, notwithstanding the terms of the Plan relating to the vesting of awards.

Appears in 12 contracts

Samples: Executive Employment Agreement (City Office REIT, Inc.), Executive Employment Agreement (City Office REIT, Inc.), Executive Employment Agreement (City Office REIT, Inc.)

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Accelerated Vesting of Awards. In the event of a Change in Corporate Control, all outstanding the vesting of any stock options, restricted stock or other awards granted to the Executive under the terms of the Corporation’s 2005 Long-Term Incentive Plan shall be accelerated (including restricted stock units, options to the extent permitted by the terms of such plans) and other awards) in effect such awards shall become fully immediately vested in full and, in the case of stock options, exercisable in whole or in part, notwithstanding the terms of the Plan relating to the vesting of awardsfull.

Appears in 1 contract

Samples: Employment Agreement (Health Care Reit Inc /De/)

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