Common use of Accelerated Vesting Upon Change in Control Clause in Contracts

Accelerated Vesting Upon Change in Control. Upon a Change in Control (as defined in the Plan) of the Company prior to the Vesting Date, vesting of the Restricted Stock subject to this Agreement shall be accelerated in accordance with the provisions of Section 25.3 of the Plan, assuming the Participant is employed by the Company or any of its subsidiaries or is a non-employee director of the Company at the time of such Change in Control.

Appears in 2 contracts

Samples: Restricted Stock Agreement (Om Group Inc), Restricted Stock Agreement (Om Group Inc)

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Accelerated Vesting Upon Change in Control. Upon a Change in Control (as defined in the Plan) of the Company prior to the Vesting Dateend of the Performance Period, vesting of the Restricted Stock subject to this Agreement shall be accelerated in accordance with the provisions of Section 25.3 of the Plan, assuming the Participant is employed by the Company or any of its subsidiaries or is a non-employee director of the Company at the time of such Change in Control.

Appears in 2 contracts

Samples: Restricted Stock Agreement (Om Group Inc), Restricted Stock Agreement (Om Group Inc)

Accelerated Vesting Upon Change in Control. Upon a Change in Control (as defined in the Plan) of the Company prior to the Vesting Date, vesting of the Restricted Stock subject to this Agreement shall be accelerated in accordance with the provisions of Section 25.3 24(c) of the Plan, assuming the Participant Executive is employed by the Company or any of its subsidiaries or is a non-employee director of the Company at the time of such Change in Control.

Appears in 2 contracts

Samples: Restricted Stock Agreement (Om Group Inc), Restricted Stock Agreement (Om Group Inc)

Accelerated Vesting Upon Change in Control. Upon a Change in Control (as defined in the Plan) of the Company prior to the Vesting Date, vesting of the Restricted Stock subject to this Agreement shall be accelerated in accordance with the provisions of Section 25.3 24(c) or Section 22(b) of the applicable Plan, assuming the Participant Executive is employed by the Company or any of its subsidiaries or is a non-employee director of the Company at the time of such Change in Control.

Appears in 2 contracts

Samples: Restricted Stock Agreement (Om Group Inc), Restricted Stock Agreement (Om Group Inc)

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Accelerated Vesting Upon Change in Control. Upon a Change in Control (as defined in the Plan) of the Company prior to the Vesting Dateend of the Performance Period, vesting of the Restricted Stock subject to this Agreement shall be accelerated in accordance with the provisions of Section 25.3 24(c) or Section 22(b) of the applicable Plan, assuming the Participant Executive is employed by the Company or any of its subsidiaries or is a non-employee director of the Company at the time of such Change in Control.

Appears in 1 contract

Samples: Restricted Stock Agreement (Om Group Inc)

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