Common use of Effects of a Change in Control Clause in Contracts

Effects of a Change in Control. In the event of a Change in Control (as defined in the Plan) prior to the forfeiture of the Restricted Stock Units under paragraph 7, the provisions of this paragraph 6 shall apply in addition to the provisions of Article 17 (and related provisions) of the Plan. (a) If, upon a Change in Control, a Participant receives a new award which qualifies as a Replacement Award (as defined below), the Replacement Award shall replace this Award and continue subject to the Replacement Award’s terms.

Appears in 3 contracts

Samples: Restricted Stock Unit Award Agreement (Albemarle Corp), Restricted Stock Unit Award Agreement (Albemarle Corp), Restricted Stock Unit Award Agreement (Albemarle Corp)

AutoNDA by SimpleDocs

Effects of a Change in Control. In the event of a Change in Control (as defined in the Plan) prior to the forfeiture of the Restricted Stock Units Option under paragraph 75(b), the provisions of this paragraph 6 shall apply in addition to the provisions of Article 17 (and related provisions) of the Plan. (a) If, upon a Change in Control, a Participant receives a new award which qualifies as a Replacement Award (as defined below), the Replacement Award shall replace this Award and continue subject to the Replacement Award’s terms.

Appears in 1 contract

Samples: Stock Option Grant Agreement (Albemarle Corp)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!