Common use of Committee Discretion Clause in Contracts

Committee Discretion. The Committee, in its discretion, may accelerate the vesting of the balance, or some lesser portion, of the Participant’s unvested Restricted Stock Units at any time, subject to the terms of the Plan and this Agreement. If so accelerated, the Restricted Stock Units will be considered as having vested as of the date specified by the Committee or an applicable written agreement but the Committee will have no right to accelerate any payment under this Agreement if such acceleration would cause this Agreement to fail to comply with Section 409A.

Appears in 21 contracts

Samples: Restricted Stock Units Agreement (MGM Resorts International), Employment Agreement (MGM Resorts International), Employment Agreement (MGM Resorts International)

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Committee Discretion. The Committee, in its absolute discretion, may accelerate the vesting of the balance, or some lesser portionportion of the balance, of the Participant’s unvested Restricted Stock Units at any time; provided that, subject the time or schedule of any amount to be settled pursuant to the terms of this Agreement that provides for the Plan and this Agreement. deferral of compensation under Section 409A, may not be accelerated except as otherwise permitted under Section 409A. If so accelerated, the such Restricted Stock Units will shall be considered as having vested as of the date specified by the Committee or an applicable written agreement but the Committee will have no right to accelerate any payment under this Agreement if such acceleration would cause this Agreement to fail to comply with Section 409A.Committee.

Appears in 10 contracts

Samples: Restricted Stock Unit Agreement (Constellation Brands, Inc.), Restricted Stock Unit Agreement (Constellation Brands, Inc.), Restricted Stock Unit Agreement (Constellation Brands, Inc.)

Committee Discretion. The Committee, in its discretion, may accelerate the vesting of the balance, or some lesser portionportion of the balance, of the Participant’s unvested Restricted Stock Units at any time, subject to the terms of the Plan and this Agreementin accordance with any other written agreement between the Participant and the Company. If so accelerated, the Restricted Stock Units will be considered as having vested as of the date specified by the Committee Committee, the Plan or an applicable written agreement but the Committee will have no right to accelerate any vesting or payment under this Agreement if such acceleration would cause this Agreement to fail to comply with Code Section 409A.

Appears in 3 contracts

Samples: Restricted Stock Units Agreement (MGM Resorts International), Restricted Stock Units Agreement (MGM Mirage), Restricted Stock Units Agreement (MGM Mirage)

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Committee Discretion. The Committee, in its absolute discretion, may accelerate the vesting of the balance, or some lesser portionportion of the balance, of the Participant’s unvested Restricted Stock Units at any time; provided that, subject the time or schedule of any amount to be settled pursuant to the terms of the Plan and this Agreement. Agreement that provides for deferral of compensation under Section 409A, may not be accelerated except as otherwise permitted under Section 409A. If so accelerated, the such Restricted Stock Units will shall be considered as having vested as of the date specified by the Committee or an applicable written agreement but the Committee will have no right to accelerate any payment under this Agreement if such acceleration would cause this Agreement to fail to comply with Section 409A.Committee.

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (Constellation Brands, Inc.), Restricted Stock Unit Agreement (Constellation Brands, Inc.)

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