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 Performance Vesting Restricted Shares shall immediately vest in full, so long as the Holder is employed with the Company on the date of the Change of Control.

Appears in 5 contracts

Samples: Restricted Common Stock Agreement (STR Holdings, Inc.), 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 unvested Performance Vesting Restricted Shares shall immediately vest in full, so long as the Holder is employed with the Company on the date 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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