Change in Control During Performance Period. In the event of a Change in Control, (a) the Segmented Target Performance Units for each Performance Measure shall automatically be adjusted on a pro-rata basis to reflect the number of completed months out of the entire Performance Period as of the date of the Change in Control and (b) the Performance Period shall automatically be deemed to have terminated and the provisions of Section 10 hereof shall become applicable.
Appears in 6 contracts
Samples: Performance Unit Agreement (L3 Technologies, Inc.), Performance Unit Agreement (L3 Technologies, Inc.), Performance Unit Agreement (L 3 Communications Corp)
Change in Control During Performance Period. In the event of a Change in Control, (a) the Segmented Target Performance Units Award Value for each Performance Measure shall automatically be adjusted on a pro-rata basis to reflect the number of completed months out of the entire Performance Period as of the date of the Change in Control and (b) the Performance Period shall automatically be deemed to have terminated and the provisions of Section 10 8 hereof shall become applicable.
Appears in 5 contracts
Samples: Performance Cash Award Agreement, Performance Cash Award Agreement (L3 Technologies, Inc.), Performance Cash Award Agreement (L3 Technologies, Inc.)
