Common use of Certain Terminations Within Twelve Months Following a Change of Control Clause in Contracts

Certain Terminations Within Twelve Months Following a Change of Control. In the event that, within twelve (12) months following a Change of Control a Participant’s employment with the Company, its Parent, or a Subsidiary is terminated involuntarily by his or her employer other than for Cause, then such Participant’s Awards shall have their vesting accelerated as to fifty percent (50%) of the Shares that are unvested as of the date of such termination of employment.

Appears in 4 contracts

Samples: Award Agreement (3com Corp), Award Agreement (3com Corp), Award Agreement (3com Corp)

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