Accelerated Vesting Upon a Change in Control. Upon the occurrence of a Change of Control, the unvested portion of the Option, to the extent not previously cancelled or forfeited, shall immediately vest in full, so long as the Participant’s Service has not been terminated before the date of the consummation of the Change of Control.
Accelerated Vesting Upon a Change in Control. (a) All outstanding options, if any, granted to you by the Board under any of the Company’s stock option plans, incentive plans, or other similar plans (or options substituted therefor covering the stock of a successor corporation) shall become fully vested and exercisable upon a Change in Control as to all shares of stock covered thereby, and the restricted period with respect to any restricted stock or any other equity award granted to you thereunder shall lapse and such shares shall be distributed to you immediately upon a Change in Control.
(b) All unpaid awards under the Senior Management Value Sharing Plan (“Value Sharing Plan”) will be payable at the higher of their target value as established by the Executive Compensation Committee of the Board (the “Committee”) or their value calculated under the terms of the Value Sharing Plan based on the average annual growth in Earnings per Share (as such term is defined in the Value Sharing Plan) and the average Tangible Return on Equity (as such term is defined in the Value Sharing Plan) from the inception of each Plan Period (as such term is defined in the Value Sharing Plan) through the fiscal quarter ending prior to the effective date of the Change of Control. Any such payments will be pro-rated based on multiplying them times a fraction, the numerator of which is the number of quarters completed in the performance cycle and the denominator of which is the original number of quarters in the performance cycle called for in the Value Sharing Plan.
Accelerated Vesting Upon a Change in Control. The Restricted Stock Units, to the extent not then vested or forfeited and subject to the Participant’s continued Service on the date the Change in Control is consummated, shall accelerate and become fully vested immediately prior to and contingent upon a Change in Control.
Accelerated Vesting Upon a Change in Control. If a Change in Control occurs during the Term, then, effective upon the Change in Control:
(a) each outstanding option to purchase shares of Common Stock of the Company held by the Executive shall become immediately exercisable in full and will no longer be subject to a right of repurchase by the Company; and
(b) each outstanding restricted stock award shall be deemed to be fully vested and will no longer be subject to a right of repurchase by the Company.
Accelerated Vesting Upon a Change in Control. Notwithstanding any provisions of the Company's stock option plans, incentive plans, or other similar plans, all outstanding options ("Options"), if any, granted to you under any of the Company's stock option plans, incentive plans, or other similar plans (or options substituted therefor covering the stock of a successor corporation) shall become fully vested and exercisable immediately prior to the Change in Control as to all shares of stock covered thereby, and the restricted period with respect to any restricted stock or any other equity award granted to you thereunder shall lapse and such shares shall be distributed to you immediately prior to the Change in Control, unless it would adversely affect the Corporation's ability to use pooling of interest accounting in a Change in Control transaction in which such accounting is intended to be used.
Accelerated Vesting Upon a Change in Control. The Time-Based Option, to the extent not then vested or forfeited and subject to the Participant’s continued Service on the date the Change in Control is consummated, shall accelerate and become part of the Vested Portion immediately prior to and contingent upon a Change in Control. For the avoidance of doubt, an initial public offering (an “IPO”), or a sale of Shares following an IPO that otherwise would not be a Change in Control, shall not constitute a Change in Control.
Accelerated Vesting Upon a Change in Control. Notwithstanding Section 4 hereof, if within the one (1) year period following a Change of Control, the Participant’s service is terminated by the Company or any Affiliate without Cause or by the Participant with Good Reason, the Option shall immediately vest as of the date of such termination of service.
Accelerated Vesting Upon a Change in Control. Upon a Change in Control, 100% of an Employee’s unvested Awards will accelerate and vest, subject to the Employee’s continued employment through consummation of the Change in Control.
Accelerated Vesting Upon a Change in Control. Notwithstanding anything herein to the contrary, in the event that at any time after the Effective Date the vesting of any restricted shares, options, SARs, performance shares or other incentives granted under the Plan is accelerated pursuant to Section 11.12 of the Plan, "Immediate Acceleration of Incentives," the Option shall immediately vest in full.
Accelerated Vesting Upon a Change in Control. Notwithstanding paragraph (a) above, in the event of a “Change in Control” all Unvested Shares shall immediately and automatically vest and become Vested Shares on the day that is one day prior to the completion of the Change in Control. For purposes of this Section 2(b), a “Change in Control” shall have the meaning ascribed to such term in the Company’s 2000 Long-Term Incentive Plan and shall also have the meaning ascribed to the term “Corporate Transaction” in the Company’s 2008 Stock Incentive Plan, as each such Plan may be amended from time to time.
