Common use of Acceleration of Vesting Upon Termination Clause in Contracts

Acceleration of Vesting Upon Termination. [Notwithstanding any other term or provision of this Agreement, in the event that the Recipient’s Continuous Service is terminated either by the Company without Cause or by the Recipient for Good Reason, the shares of Restricted Stock subject to this Agreement shall become immediately vested as of the date of the termination of the Recipient’s Continuous Service.]

Appears in 5 contracts

Samples: Restricted Stock Agreement, Restricted Stock Agreement (Video River Networks, Inc.), Restricted Stock Agreement (Kid Castle Educational Corp)

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Acceleration of Vesting Upon Termination. [Notwithstanding any other term or provision of this Agreement, in the event that the RecipientParticipant’s Continuous Service is terminated either by the Company without Cause or by the Recipient Participant for Good Reason, the shares of Restricted Deferred Stock subject to this Agreement shall become immediately vested as of the date of the termination of the RecipientParticipant’s Continuous Service.]

Appears in 1 contract

Samples: Destination Xl Group, Inc.

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