Common use of Acceleration Upon Change of Control Clause in Contracts

Acceleration Upon Change of Control. Upon the occurrence of a Change of Control, all then-unvested Restricted Shares 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.

Appears in 5 contracts

Samples: Restricted Stock Award Agreement (Fortegra Financial Corp), Restricted Stock Award Agreement (Fortegra Financial Corp), Restricted Common Stock Agreement (STR Holdings, Inc.)

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Acceleration Upon Change of Control. Upon the occurrence of a Change of Control, all then-then unvested Restricted Shares shall immediately vest in full, so long as the Participant’s Service has not been terminated before Holder is employed with the Company on the date of the consummation of the Change of Control.

Appears in 2 contracts

Samples: Restricted Common Stock Agreement (STR Holdings, Inc.), Restricted Common Stock Agreement (STR Holdings (New) LLC)

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Acceleration Upon Change of Control. Upon the occurrence of a Change of Control, all then-then unvested Restricted Shares shall immediately vest in full, so long as the Participant’s Service has not been terminated before Holder holds unvested Restricted Shares on the date of the consummation of the Change of Control.

Appears in 1 contract

Samples: Restricted Common Stock Agreement (STR Holdings (New) LLC)

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