Common use of Change in Control Acceleration Clause in Contracts

Change in Control Acceleration. In the event of a Change in Control (as defined in Section 2(j) of the Plan) which closes on a date prior to your termination of employment, any unvested Units shall immediately become fully vested, effective as of immediately prior to consummation of the Change in Control. Notwithstanding the foregoing, to the extent that an employment, change in control or other agreement or arrangement with the Company or an Affiliate provides benefits of greater value upon a Change in Control that those provided in this paragraph (g), the rights set forth in such other agreement shall supersede the provisions of this paragraph (g). Comparatively, to the extent that an employment, change in control or other agreement or arrangement with the Company or an Affiliate provides benefits of lesser value upon a Change in Control that those provided in this paragraph (g), the rights set forth in this paragraph (g) shall supersede the provisions of such other agreement.

Appears in 3 contracts

Samples: Employee Restricted Stock Unit Award Agreement (Foster Wheeler LTD), Employee Restricted Stock Unit Award Agreement (Foster Wheeler Ag), Employee Restricted Stock Unit Award Agreement (Foster Wheeler Ag)

AutoNDA by SimpleDocs

Change in Control Acceleration. In the event of a Change in Control (as defined in Section 2(j) of the Plan) which closes on a date prior to your termination of employmentservice but on or after January 1, [___], any unvested Units shall immediately become fully vested, effective as of immediately prior to consummation of the Change in Control. Notwithstanding the foregoing, to the extent that an employmenta service, change in control or other agreement or arrangement with the Company or an Affiliate provides benefits of greater value upon a Change in Control that those provided in this paragraph (ge), the rights set forth in such other agreement shall supersede the provisions of this paragraph (ge). Comparatively, to the extent that an employmenta service, change in control or other agreement or arrangement with the Company or an Affiliate provides benefits of lesser value upon a Change in Control that those provided in this paragraph (ge), the rights set forth in this paragraph (ge) shall supersede the provisions of such other agreement.

Appears in 1 contract

Samples: Director Restricted Stock Unit Award Agreement (Foster Wheeler Ag)

AutoNDA by SimpleDocs

Change in Control Acceleration. In the event of a Change in Control (as defined in Section 2(j) of the Plan) which closes on a date prior to your termination of employmentservice, any unvested Units shall immediately become fully vested, effective as of immediately prior to consummation of the Change in Control. Notwithstanding the foregoing, to the extent that an employmenta service, change in control or other agreement or arrangement with the Company or an Affiliate provides benefits of greater value upon a Change in Control that those provided in this paragraph (ge), the rights set forth in such other agreement shall supersede the provisions of this paragraph (ge). Comparatively, to the extent that an employmenta service, change in control or other agreement or arrangement with the Company or an Affiliate provides benefits of lesser value upon a Change in Control that those provided in this paragraph (ge), the rights set forth in this paragraph (ge) shall supersede the provisions of such other agreement.

Appears in 1 contract

Samples: Director Restricted Stock Unit Agreement (Foster Wheeler LTD)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!