Common use of Alternative Award Clause in Contracts

Alternative Award. No acceleration of vesting shall occur with respect to Restricted Stock if the Committee reasonably determines prior to a Change in Control that the Restricted Stock agreement shall be honored or assumed, or new rights substituted therefor following the Change in Control (such honored, assumed, or substituted award, an “Alternative Award”), provided that any Alternative Award must:

Appears in 3 contracts

Samples: Restricted Stock Agreement (Tussing Andrew), Restricted Stock Agreement (Tussing Andrew), Restricted Stock Agreement (Vaccinogen Inc)

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Alternative Award. No acceleration of vesting shall occur with respect to Restricted Stock if the Committee reasonably determines prior to a the Change in Control that the Restricted Stock agreement shall be honored or assumed, or new rights substituted therefor following the Change in Control (such honored, assumed, or substituted award, an “Alternative Award”), provided that any Alternative Award must:

Appears in 2 contracts

Samples: 2013 Restricted Stock Agreement (Fidelity & Guaranty Life), 2013 Restricted Stock Agreement (Fidelity & Guaranty Life)

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