Common use of Effect of Termination of Service or a Change in Control on Awards Clause in Contracts

Effect of Termination of Service or a Change in Control on Awards. (a) The Committee may provide, by rule or regulation or in any applicable Award Agreement, or may determine in any individual case, the circumstances in which, and the extent to which, an Award may be exercised, settled, vested, paid or forfeited in the event of a Participant’s Termination of Service prior to the end of a Performance Period or vesting, exercise or settlement of such Award.

Appears in 3 contracts

Samples: Director Nomination Agreement (GS Acquisition Holdings Corp II), Agreement and Plan of Merger (Fusion Acquisition Corp.), Agreement and Plan of Reorganization (FTAC Olympus Acquisition Corp.)

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Effect of Termination of Service or a Change in Control on Awards. (a) The Committee may provide, by rule or regulation or in any applicable Award AgreementDocument, or may determine in any individual case, the circumstances in which, and the extent to which, an Award may be exercised, settled, vested, paid or forfeited in the event of a Participant’s Termination of Service prior to the end of a Performance Period or vesting, exercise or settlement of such Award.

Appears in 1 contract

Samples: Severance Agreement (Cobalt International Energy, Inc.)

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