Common use of Benefits Upon Change of Control Clause in Contracts

Benefits Upon Change of Control. (a) In the event of a Change of Control (i) any stock options previously granted to the Employee under any Company stock option or equity compensation plan which have not yet vested shall become vested, and (ii) any restricted stock previously granted to the Employee under any Company equity compensation plan which has not yet vested or become freely transferable shall become vested and freely transferable.

Appears in 6 contracts

Samples: Agreement (Radian Group Inc), Agreement (Radian Group Inc), Agreement (Cmac Investment Corp)

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Benefits Upon Change of Control. (a) ). In the event of a Change of Control (i) any stock options previously granted to the Employee under any Company stock option or equity compensation plan which have not yet vested shall become vested, and (ii) any restricted stock previously granted to the Employee under any Company equity compensation plan which has not yet vested or become freely transferable shall become vested and freely transferable.

Appears in 1 contract

Samples: Agreement (Radian Group Inc)

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