Certain Terminations Following a Change in Control. Notwithstanding anything herein to the contrary, if the Participant’s employment with the Company Group is terminated by the Company Group without Cause, due to or during the Participant’s Disability, or due to the Participant’s death during the 12-month period immediately following a Change in Control, the Performance Shares subject to the Adjusted Award will become immediately vested as of the Termination Date, and will thereafter be settled and the respective Shares issued to the Participant in accordance with Section 1.
Appears in 6 contracts
Samples: Performance Share Unit Agreement (Hilton Worldwide Holdings Inc.), Award Notice And (Hilton Worldwide Holdings Inc.), Performance Share Unit Agreement (Hilton Worldwide Holdings Inc.)
Certain Terminations Following a Change in Control. Notwithstanding anything herein to the contrary, if the Participant’s employment with the Company Group is terminated by the Company Group without Cause, due to or during the Participant’s Disability, or due to the Participant’s death during the 12-month period immediately following a Change in Control, the Performance Shares subject to the Adjusted Award will become immediately vested as of the Termination Date, and will thereafter be settled and the respective Shares issued to the Participant in accordance with Section 113.
Appears in 3 contracts
Samples: Performance Share Agreement (Hilton Worldwide Holdings Inc.), Performance Share Agreement (Hilton Worldwide Holdings Inc.), Performance Share Agreement (Hilton Worldwide Holdings Inc.)
Certain Terminations Following a Change in Control. Notwithstanding anything herein to the contrary, if the Participant’s employment with the Company Group is and its Subsidiaries shall be terminated by the Company Group or any Subsidiary without Cause, due to or during the Participant’s Disability, or due to the Participant’s death during the 12-month period immediately following a Change in Control, the Performance Shares subject to the Adjusted Award will shall become immediately vested as of the Termination Date, and will shall thereafter be settled and the respective Shares issued to the Participant in accordance with Section 111.
Appears in 1 contract
Samples: Restricted Share Agreement (Hilton Worldwide Holdings Inc.)
