Common use of Certain Mergers Clause in Contracts

Certain Mergers. In the event that the Company shall be the surviving corporation in any merger or consolidation (except a merger or consolidation as a result of which the holders of Common Shares receive securities of another corporation), the RSUs outstanding on the date of such merger or consolidation shall pertain to and apply to the securities that a holder of the number of Common Shares subject to any such RSUs would have received in such merger or consolidation (it being understood that if, in connection with such transaction, the shareholders of the Company retain their Common Shares and are not entitled to any additional or other consideration, the RSUs shall not be affected by such transaction).

Appears in 7 contracts

Samples: Grant Agreement, Restricted Stock Unit Grant Agreement (DTZ Jersey Holdings LTD), Restricted Stock Unit Grant Agreement (DTZ Jersey Holdings LTD)

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