Common use of Committee Discretion to Accelerate Vesting Clause in Contracts

Committee Discretion to Accelerate Vesting. Notwithstanding the foregoing, the Committee may, in its sole discretion, provide for accelerated vesting of the RSUs at any time and for any reason; provided that, the RSUs will immediately accelerate and become fully vested if (i) the Participant experiences a Termination that is the result of a termination by the Company or any of its Subsidiaries for reasons other than Cause (and not due to death or Disability) at any time on or following a Change in Control or (ii) the Participant experiences a Termination that is the result of Participant’s death or Disability at any time.

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (Paycor Hcm, Inc.), Restricted Stock Unit Agreement (Paycor Hcm, Inc.)

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Committee Discretion to Accelerate Vesting. Notwithstanding the foregoing, the Committee may, in its sole discretion, provide for accelerated vesting of the RSUs at any time and for any reason; provided that, the RSUs will immediately accelerate and become fully vested if (i) the Participant experiences a Termination that is the result of a termination by the Company or any of its Subsidiaries for reasons other than Cause (and not due to death or Disability) at any time on or following a Change in Control or (ii) the Participant experiences a Termination that is the result of Participant’s death or Disability at any timeControl.

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (Paycor Hcm, Inc.), Restricted Stock Unit Agreement (Paycor Hcm, Inc.)

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