Common use of Dissolution or Liquidation; Sale or Merger Clause in Contracts

Dissolution or Liquidation; Sale or Merger. The provisions of the Plan applicable to a dissolution, liquidation, sale or merger of the Company shall apply to this Grant, and in the event of a dissolution, liquidation, sale or merger of the Company or any similar event or transaction, the Committee may shorten the Performance Period and accelerate settlement of this Grant based on performance through the end of such abbreviated performance period or take such other actions as it deems appropriate and consistent with the Plan.

Appears in 3 contracts

Samples: Stock Unit Grant Agreement (Nutri System Inc /De/), Restricted Stock Unit Grant Agreement (Nutri System Inc /De/), Restricted Stock Unit Grant Agreement (Nutri System Inc /De/)

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Dissolution or Liquidation; Sale or Merger. The provisions of the Plan applicable to a dissolution, liquidation, sale or merger of the Company shall apply to this Grantthe Restricted Stock, and and, in the event of a dissolution, liquidation, sale or merger of the Company or any similar event or transactionCompany, the Committee may shorten the Performance Period and accelerate settlement of this Grant based on performance through the end of such abbreviated performance period or take such other actions as it deems appropriate and consistent with pursuant to the Plan, subject to the provisions of Paragraph 2(b) of this Agreement.

Appears in 1 contract

Samples: Restricted Stock Inducement Award Agreement (Nutri System Inc /De/)

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Dissolution or Liquidation; Sale or Merger. The provisions of the Plan applicable to a dissolution, liquidation, sale or merger of the Company shall apply to this Grantthe Restricted Stock, and and, in the event of a dissolution, liquidation, sale or merger of the Company or any similar event or transactionCompany, the Committee may shorten the Performance Period and accelerate settlement of this Grant based on performance through the end of such abbreviated performance period or take such other actions as it deems appropriate and consistent with pursuant to the Plan, subject to the provisions of Paragraph 2(d) of this Agreement.

Appears in 1 contract

Samples: Stock Award Agreement (Nutri System Inc /De/)

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