Common use of Double Trigger Acceleration on Change in Control Clause in Contracts

Double Trigger Acceleration on Change in Control. (1) The number of unvested RSUs Recipient would otherwise be entitled to receive pursuant to Section 1(b)(iii) if Recipient were employed through the end of the Third Performance Period shall immediately vest (provided, however, that if vesting occurs pursuant to this Section 1(d)(ii) during or prior to the end of a Performance Period that has not yet ended it will be conclusively presumed that the RSUs would have been at the 100% vesting level for each such unfinished Performance Period, subject to any action taken by the Compensation Committee or the Board of Directors pursuant to clause (1) or (2) of Section 1(d)(iii), including the final paragraph of Section 1(d)(iii)) if a Change in Control (as defined below) occurs and either:

Appears in 4 contracts

Samples: Restricted Stock Units Award Agreement (MKS Instruments Inc), Restricted Stock Units Award Agreement (MKS Instruments Inc), Performance Based (Electro Scientific Industries Inc)

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