Common use of Effect of Change in Control Clause in Contracts

Effect of Change in Control. In the event of a Change in Control (as defined in the Plan), the restrictions applicable to any Shares awarded hereby shall lapse, and such Shares shall be free of all restrictions and become fully vested and transferable to the full extent of the original grant.

Appears in 33 contracts

Samples: Restricted Stock Agreement (Viad Corp), Restricted Stock Agreement (Viad Corp), Restricted Stock Agreement (Viad Corp)

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Effect of Change in Control. In the event of a Change in Control (as defined in the Plan), the restrictions applicable to any Shares awarded hereby shall lapse, and such Shares shall be free of all restrictions and become fully vested and transferable to the full extent of the original grant, including without limitation immediate vesting and transferability (subject to applicable securities laws) of the maximum amount of Shares permitted hereunder, as if maximum performance conditions or payouts were achieved.

Appears in 3 contracts

Samples: Performance Based Restricted Stock Agreement (Finova Group Inc), Directors Restricted Stock Agreement (Finova Group Inc), Performance Based Restricted Stock Agreement (Finova Group Inc)

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Effect of Change in Control. In the event of a Change in Control (as defined in the Planbelow), the restrictions applicable to any Shares awarded hereby subject to this Agreement shall lapse, and such Shares shall be free of all restrictions and become fully vested and transferable to the full extent of the original grant.

Appears in 1 contract

Samples: Performance Based Restricted Stock Agreement

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