Common use of Award Not Continued, Assumed or Replaced Clause in Contracts

Award Not Continued, Assumed or Replaced. If this Restricted Stock Unit Award is not continued, assumed or replaced in connection with a Change of Control that constitutes a Business Combination as contemplated by clause (ii) of paragraph 6(a), then all unvested Restricted Stock Units subject to this Award and your right to receive Shares in settlement thereof shall immediately vest in full upon the occurrence of the Change of Control and will be settled in shares of Company common stock as provided in Section 4 above. Unless the Committee provides otherwise in connection with a Change of Control described in paragraph (b) of Section 2.8 of the Plan, all unvested Restricted Stock Units subject to this Award shall vest in full prior to the consummation of the dissolution or liquidation.

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement (Archer-Daniels-Midland Co), Restricted Stock Unit Award Agreement (Archer-Daniels-Midland Co)

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Award Not Continued, Assumed or Replaced. If this Restricted Stock Unit Award is not continued, assumed or replaced in connection with a Change of Control that constitutes a Business Combination as contemplated by clause (ii) of paragraph 6(a), then than all unvested Restricted Stock Units subject to this Award and your right to receive Shares in settlement thereof shall immediately vest in full upon the occurrence of the Change of Control and will be settled in shares of Company common stock as provided in Section 4 above. Unless the Committee provides otherwise in connection with a Change of Control described in paragraph (b) of Section 2.8 of the Plan, all unvested Restricted Stock Units subject to this Award shall vest in full prior to the consummation of the dissolution or liquidation.

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement (Archer-Daniels-Midland Co), Restricted Stock Unit Award Agreement (Archer-Daniels-Midland Co)

Award Not Continued, Assumed or Replaced. If this Restricted Stock Unit Award is not continued, assumed or replaced in connection with a Change of Control that constitutes a Business Combination as contemplated by clause (ii) of paragraph 6(a), then than all unvested Restricted Stock Units subject to this Award and your right to receive Shares in settlement thereof shall immediately vest in full upon the occurrence of the Change of Control and will be settled in shares of Company common stock as provided in Section 4 above. Unless the Committee provides otherwise in connection with a Change of Control described in paragraph (b) of Section 2.8 2.7 of the Plan, all unvested Restricted Stock Units subject to this Award shall vest in full prior to the consummation of the dissolution or liquidation.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Archer Daniels Midland Co)

Award Not Continued, Assumed or Replaced. If this Restricted Stock Unit Award is not continued, assumed or replaced in connection with a Change of Control that constitutes a Business Combination as contemplated by clause (ii) of paragraph Section 6(a)) above, then than all unvested Restricted Stock Units subject to this Award and your right to receive Shares in settlement thereof shall immediately vest in full upon the occurrence of the Change of Control and will be settled in shares of Company common stock as provided in Section 4 above. Unless the Committee provides otherwise in connection with a Change of Control described in paragraph (b) of Section 2.8 2.7 of the Plan, all unvested Restricted Stock Units subject to this Award shall vest in full prior to the consummation of the dissolution or liquidation.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Archer Daniels Midland Co)

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Award Not Continued, Assumed or Replaced. If this Restricted Stock Unit Award is not continued, assumed or replaced in connection with a Change of Control that constitutes a Business Combination as contemplated by clause (ii) of paragraph Section 6(a)) above, then all unvested Restricted Stock Units subject to this Award and your right to receive Shares in settlement thereof shall immediately vest in full upon the occurrence of the Change of Control and will be settled in shares of Company common stock as provided in Section 4 above. Unless the Committee provides otherwise in connection with a Change of Control described in paragraph (b) of Section 2.8 2.7 of the Plan, all unvested Restricted Stock Units subject to this Award shall vest in full prior to the consummation of the dissolution or liquidation.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Archer Daniels Midland Co)

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