Common use of Conditions Relating to Death and Change in Control with Respect to the Special Sign-on Grant Clause in Contracts

Conditions Relating to Death and Change in Control with Respect to the Special Sign-on Grant. Except as set forth in subsections (i) and (ii) hereof, should the employment of the Executive terminate for any reason on or before December 31, 2024, any Special Sign-on Equity Grant RSUs that have not vested prior to such date shall be forfeited. i. In the event of the death of the Executive prior to December 31, 2024, the estate of the Executive shall receive a percentage of the Special Sign-on Equity Grant, pro-rated based on the number of days they served under this agreement until their death divided by 1277. ii. In the event of a Change in Control Event, the Executive shall receive any unvested portion of the Special Sign-on Equity Grant.

Appears in 2 contracts

Samples: Employment Agreement (Inspired Entertainment, Inc.), Employment Agreement (Inspired Entertainment, Inc.)

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Conditions Relating to Death and Change in Control with Respect to the Special Sign-on Grant. Except as set forth in subsections (i), (ii) and (iiiii) hereof, should the employment of the Executive terminate for any reason on or before December 31, 20242023, any Special Sign-on Equity Grant RSUs that have not vested prior to such date shall be forfeited. i. In the event of the death of the Executive prior to December 31, 20242023, the estate of the Executive shall receive a percentage of receive, in connection with the Special Sign-on Equity Grant, pro-rated based on the number of days they served under this agreement until their death divided by 1277. ii. In the event of a Change in Control Event, the Executive shall receive any unvested portion of the Special Sign-on Equity Grant.:

Appears in 1 contract

Samples: Employment Agreement (Inspired Entertainment, Inc.)

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Conditions Relating to Death and Change in Control with Respect to the Special Sign-on Grant. Except as set forth in subsections (i), (ii) and (iiiii) hereof, should the employment of the Executive terminate for any reason on or before December 31, 2024, any Special Sign-on Equity Grant RSUs that have not vested prior to such date shall be forfeited. i. In the event of the death of the Executive prior to December 31, 2024, the estate of the Executive shall receive a percentage of receive, in connection with the Special Sign-on Equity Grant, pro-rated based on the number of days they served under this agreement until their death divided by 1277. ii. In the event of a Change in Control Event, the Executive shall receive any unvested portion of the Special Sign-on Equity Grant.:

Appears in 1 contract

Samples: Employment Agreement (Inspired Entertainment, Inc.)

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