Common use of Covered Transaction/Change in Control Clause in Contracts

Covered Transaction/Change in Control. In the event of a Covered Transaction (other than a Change in Control, whether or not it is a Covered Transaction), the Administrator shall, with respect to the RSUs, take one of the actions set forth in Sections 7(a)(1), 7(a)(2) or 7(a)(3) of the Plan. Notwithstanding the terms of the Plan, in the event of a Change in Control (whether or not it is a Covered Transaction), the following rules shall apply:

Appears in 4 contracts

Samples: Restricted Stock Unit Agreement (Hanover Insurance Group, Inc.), Restricted Stock Unit Agreement (Hanover Insurance Group, Inc.), Restricted Stock Unit Agreement (Hanover Insurance Group, Inc.)

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