Common use of Accelerated Vesting of Prior PIP Awards Clause in Contracts

Accelerated Vesting of Prior PIP Awards. To the extent any awards under the AGNC PIP and/or the MTGE PIP granted prior to the date hereof are unvested, such awards shall immediately be vested as of the Termination Date, and distributions in respect of such awards shall be made as soon as practicable (and in all event within 60 days) after the Termination Date.

Appears in 2 contracts

Samples: Employment Agreement (American Capital Agency Corp), Employment Agreement (American Capital Agency Corp)

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Accelerated Vesting of Prior PIP Awards. To the extent any awards under the AGNC PIP and/or the MTGE PIP granted prior to the date hereof March 30, 2012 are unvested, such awards shall immediately be vested as of the Termination Date, and distributions in respect of such awards shall be made as soon as practicable (and in all event events within 60 days) after the Termination Date.

Appears in 1 contract

Samples: Employment Agreement (American Capital Agency Corp)

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Accelerated Vesting of Prior PIP Awards. To the extent any awards under the AGNC PIP and/or the MTGE PIP granted prior to the date hereof March 30, 2012 are unvested, such awards shall immediately be vested as of the Termination Date, and distributions in respect of such awards shall be made as soon as practicable (and in all event events within 60 days) after the Termination Date.. (d)

Appears in 1 contract

Samples: Employment Agreement

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