Common use of Cashout Clause in Contracts

Cashout. Provided that at the time immediately prior to COC, Stock does not have a public market and continues to be traded through a CH2M HILL internal market or equivalent, CH2M HILL or successor shall cash out the Executive’s Stock and Stock Option holdings at the greater of (i) the price per share of Stock which was paid to secure the COC or (ii) the Stock price in effect immediately prior to the Change of Control Event.

Appears in 11 contracts

Samples: Executive Change of Control Agreement (Ch2m Hill Companies LTD), Executive Change of Control Agreement (Ch2m Hill Companies LTD), Executive Change of Control Agreement (Ch2m Hill Companies LTD)

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Cashout. Provided that at the time immediately prior to COC, Stock does not have a public market and continues to be traded through a CH2M HILL internal market or equivalent, CH2M HILL or successor shall cash out the Executive’s 's Stock and Stock Option holdings at the greater of (i) the price per share of Stock which was paid to secure the COC or (ii) the Stock price in effect immediately prior to the Change of Control Event.

Appears in 1 contract

Samples: Change of Control Agreement (Ch2m Hill Companies LTD)

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Cashout. Provided that at the time immediately prior to COCDate of Termination, the Stock does not have a public market and continues to be traded through a CH2M HILL internal market or equivalent, CH2M HILL or successor shall cash out the Executive’s 's Stock and Stock Option holdings at the greater of (i) the price per share of Stock which was paid to secure the COC or (ii) the Stock price in effect immediately prior to the Change Date of Control EventTermination.

Appears in 1 contract

Samples: Control Agreement (Ch2m Hill Companies LTD)

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