Common use of Change in Control Event Clause in Contracts

Change in Control Event. In the event that the Participant’s employment or service is terminated by the Company or any Subsidiary without “Cause” (as defined in Section 1.3 of the CIC Agreement) or by the Participant for Good Reason (as defined in Section 1.4 of the CIC Agreement) and such termination entitles the Participant to severance benefits under the CIC Agreement, then all unvested RSUs shall vest upon the date of such termination.

Appears in 5 contracts

Samples: Restricted Stock Unit Agreement (Thermo Fisher Scientific Inc.), Restricted Stock Unit Agreement (Thermo Fisher Scientific Inc.), Restricted Stock Unit Agreement (Thermo Fisher Scientific Inc.)

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Change in Control Event. In the event that If the Participant’s employment or service is terminated by the Company or any Subsidiary without “Cause” (as defined in Section 1.3 of the CIC Agreement) or by the Participant for Good Reason (as defined in Section 1.4 of the CIC Agreement) and such termination entitles the Participant to severance benefits under the CIC Agreement, then all unvested RSUs this Option shall vest and become 100% exercisable upon the date of such terminationtermination of employment or service and the right to exercise this Option shall terminate two years following such date (but in no event after the Final Exercise Date).

Appears in 4 contracts

Samples: Nonstatutory Stock Option Agreement (Thermo Fisher Scientific Inc.), Nonstatutory Stock Option Agreement (Thermo Fisher Scientific Inc.), Nonstatutory Stock Option Agreement (Thermo Fisher Scientific Inc.)

Change in Control Event. In the event that If the Participant’s employment or service is terminated by the Company or any Subsidiary or Affiliate without “Cause” (as defined in Section 1.3 of the CIC Agreement) or by the Participant for Good Reason (as defined in Section 1.4 of the CIC Agreement) and such termination entitles the Participant to severance benefits under the CIC Agreement, then all unvested RSUs this Option shall vest and become 100% exercisable upon the date of such terminationtermination of employment or service and the right to exercise this Option shall terminate two years following such date (but in no event after the Final Exercise Date).

Appears in 2 contracts

Samples: Nonstatutory Stock Option Agreement (Thermo Fisher Scientific Inc.), Nonstatutory Stock Option Agreement (Thermo Fisher Scientific Inc.)

Change in Control Event. In the event that If the Participant’s employment or service is terminated by the Company or any Subsidiary without “Cause” (as defined in Section 1.3 of the CIC Agreement) or by the Participant for Good Reason (as defined in Section 1.4 of the CIC Agreement) and such termination entitles the Participant to severance benefits under the CIC Agreement, then all unvested RSUs the right to exercise this Option (if vested on such date) shall vest upon terminate two years following such date (but in no event after the date of such terminationFinal Exercise Date).

Appears in 1 contract

Samples: Performance Nonstatutory Stock Option Agreement (Thermo Fisher Scientific Inc.)

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Change in Control Event. In the event that the Participant’s employment or service is terminated by the Company (or any a Subsidiary or Affiliate) without “Cause” (as defined in Section 1.3 of the CIC Agreement) or by the Participant for Good Reason (as defined in Section 1.4 of the CIC Agreement) and such termination entitles the Participant to severance benefits under the CIC Agreement, then all unvested RSUs shall vest upon the date of such termination.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Thermo Fisher Scientific Inc.)

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