Common use of Acceleration of Delivery upon a Change of Control Clause in Contracts

Acceleration of Delivery upon a Change of Control. In the event that a Change of Control occurs and such Change of Control satisfies the requirements of Section 409A(a)(2)(A)(v) of the Internal Revenue Code (the “Code”), then the Company shall deliver to the Participant the Shares corresponding to the RSUs upon the occurrence of or immediately after such Change in Control, unless the successor company will assume or substitute another award for the award covered by this Agreement in the manner described in Section 3(b) hereof in connection with such Change of Control.

Appears in 2 contracts

Samples: Restricted Stock Unit Grant Agreement (World Fuel Services Corp), Restricted Stock Unit Grant Agreement (World Fuel Services Corp)

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Acceleration of Delivery upon a Change of Control. In the event that a Change of Control occurs and such Change of Control satisfies the requirements of Section 409A(a)(2)(A)(v) of the Internal Revenue Code (the “Code”), then the Company shall deliver to the Participant the Shares corresponding to the RSUs Restricted Stock Units upon the occurrence of or immediately after such Change in Control, unless the successor company will assume or substitute another award for the award covered by this Agreement in the manner described in Section 3(b2(b) hereof in connection with such Change of Control.]

Appears in 1 contract

Samples: Restricted Stock Units Grant Agreement (World Fuel Services Corp)

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Acceleration of Delivery upon a Change of Control. In the event that a Change of Control occurs and such Change of Control satisfies the requirements of Section 409A(a)(2)(A)(v) of the Internal Revenue Code (the “Code”), then the Company shall deliver to the Participant the Shares corresponding to the RSUs Restricted Stock Units upon the occurrence of or immediately after such Change in Control, unless the successor company will assume or substitute another award for the award covered by this Agreement in the manner described in Section 3(b) hereof in connection with such Change of Control.

Appears in 1 contract

Samples: Employment Agreement (World Fuel Services Corp)

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