Conversion to Stock Settled Award. Notwithstanding any provision of the Agreement to the contrary, effective as of a Conversion Date, the Executive’s outstanding CSARs under this Award, whether vested or unvested, will be converted to a stock-settled Award (referred to herein as ‘Converted CSARs’) in accordance with the terms of the Plan, as amended, which, if exercised after the Conversion Date, will be settled in the form of a number of shares of Common Stock. Except as expressly stated in this Agreement or the Plan document, as amended, the terms of a CSAR as in effect immediately before the Conversion Date (including, but not limited to, the vesting provisions and Base Price thereof) shall remain in effect with respect to such Award after the Conversion Date.”
Appears in 8 contracts
Samples: Executive Award Agreement (UL Solutions Inc.), Executive Award Agreement (UL Solutions Inc.), Executive Award Agreement (UL Solutions Inc.)
Conversion to Stock Settled Award. Notwithstanding any provision of the Agreement to the contrary, effective as of a Conversion Date, the Executive’s outstanding CSARs under this Award, whether vested or unvested, will be converted to a stock-settled Award (referred to herein as ‘“Converted CSARs’”) in accordance with the terms of the Plan, as amended, which, if exercised after the Conversion Date, will be settled in the form of a number of shares of Common Stock. Except as expressly stated in this Agreement or the Plan document, as amended, the terms of a CSAR as in effect immediately before the Conversion Date (including, but not limited to, the vesting provisions and Base Price thereof) shall remain in effect with respect to such Award after the Conversion Date.”
Appears in 4 contracts
Samples: Executive Award Agreement (UL Solutions Inc.), Executive Award Agreement (UL Solutions Inc.), Executive Award Agreement (UL Solutions Inc.)
Conversion to Stock Settled Award. Notwithstanding any provision of the Agreement to the contrary, effective as of a Conversion Date, the ExecutiveEmployee’s outstanding CSARs under this Award, whether vested or unvested, will be converted to a stock-settled Award (referred to herein as ‘Converted CSARs’) in accordance with the terms of the Plan, as amended, which, if exercised after the Conversion Date, will be settled in the form of a number of shares of Common Stock. Except as expressly stated in this Agreement or the Plan document, as amended, the terms of a CSAR as in effect immediately before the Conversion Date (including, but not limited to, the vesting provisions and Base Price thereof) shall remain in effect with respect to such Award after the Conversion Date.”
Appears in 2 contracts
Samples: Employee Award Agreement (Cash Stock Appreciation Rights) (UL Solutions Inc.), Employee Award Agreement (UL Solutions Inc.)
Conversion to Stock Settled Award. Notwithstanding any provision of the Agreement to the contrary, effective as of a Conversion Date, the Executive’s outstanding CSARs under this Award, whether vested or unvested, Award will be converted to a stock-settled Award (referred to herein as ‘“Converted CSARs’”) in accordance with the terms of the Plan, as amended, which, if exercised after the Conversion Date, will be settled in the form of a number of shares of Common Stock. Except as expressly stated in this Agreement or the Plan document, as amended, the terms of a CSAR as in effect immediately before the Conversion Date (including, but not limited to, the vesting provisions and Base Price thereof) shall remain in effect with respect to such Award after the Conversion Date.”
Appears in 2 contracts
Samples: Executive Award Agreement (UL Solutions Inc.), Executive Award Agreement (UL Inc.)
Conversion to Stock Settled Award. Notwithstanding any provision of the Agreement to the contrary, effective as of a Conversion Date, the ExecutiveEmployee’s outstanding CSARs under this Award, whether vested or unvested, will be converted to a stock-settled Award (referred to herein as ‘Converted CSARs’) in accordance with the terms of the Plan, as amended, which, if exercised after the Conversion Date, will be settled in the form of a number of shares of Common Stock. Except as expressly stated in this Agreement or the Plan document, as amended, the terms of a CSAR as in effect immediately before the Conversion Date (including, but not limited to, the vesting provisions and Base Price base price thereof) shall remain in effect with respect to such Award after the Conversion Date.”
Appears in 2 contracts
Samples: Employee Award Agreement (Cash Stock Appreciation Rights) (UL Solutions Inc.), Employee Award Agreement (UL Solutions Inc.)