Acceleration of Vesting of Restricted Stock Units. Notwithstanding anything to the contrary in this Agreement, in the event that (i) there is a “Change in Control” (as defined in Section 9 of the Plan) that occurs prior to the date on which the Restricted Stock Units become fully vested, and (ii) during the period beginning on the date of such Change in Control and ending 12 months following such Change in Control, the Company terminates the Recipient’s employment other than for Cause, then % of the Restricted Stock Units not already vested pursuant to Section 2(a) hereof as of the date of such termination shall become vested.
Acceleration of Vesting of Restricted Stock Units. Notwithstanding anything to the contrary in this Agreement, and subject to the terms of any Integrated Agreement, including any defined terms included therein, in the event that (i) there is a Change in Control that occurs prior to the date on which the Restricted Stock Units become fully vested, and (ii) during the period beginning two months prior to such Change in Control and ending 12 months following such Change in Control, the Company terminates the Recipient’s employment without Cause (an “Involuntary Termination”), 25% of the Restricted Stock Units not already vested as of the date of such termination shall be fully vested as of the later of the effective date of the Change in Control or the date of the Involuntary Termination. For purposes of this Section 2(b) and for the avoidance of doubt, to the extent that the terms “Change in Control” and “Cause” are defined in the Integrated Agreement, such terms will have the meaning as defined in the Integrated Agreement. Further, for the avoidance of doubt, if the Recipient becomes entitled to both (x) the vesting acceleration pursuant to this Section 2(b) and (y) the vesting acceleration in connection with an involuntary termination of Recipient’s employment pursuant to any Integrated Agreement, then the vesting acceleration under the foregoing clauses (x) and (y) shall not be additive but instead, the Recipient will be entitled to receive, with respect to this Award, the greater of the vesting acceleration under this Section 2(b), or the vesting acceleration available under the Integrated Agreement that provides the greatest vesting acceleration in connection with such involuntary termination.
Acceleration of Vesting of Restricted Stock Units. The Company agrees to and hereby accelerates the vesting of the restricted stock units (“RSUs”) granted to Mx. Xxxxxxx on August 31, 2017 and April 13, 2018 so that the shares underlying those RSUs that would have vested on January 1, 2019 (a total of 2,133 shares of common stock) will vest on the Effective Date. Except for the accelerated vesting of the RSUs contemplated by this Section 3, any other equity award granted by the Company to Mx. Xxxxxxx at any time shall remain unchanged and un-amended, including without limitation the previous vesting of any other RSUs.
Acceleration of Vesting of Restricted Stock Units. The Compensation Committee of the Board of Directors has resolved, in accordance with Section 7.04(c) of the 2000 Stock Plan, to accelerate the vesting of certain Restricted Stock Units held by the Executive as set forth on Schedule 1 hereto.
