Common use of Equity Vesting on Change of Control (single trigger) Clause in Contracts

Equity Vesting on Change of Control (single trigger). Notwithstanding any vesting schedule provisions contained in Equity Agreements that Employee currently holds or may hold, provided such Equity Agreements represent awards for performance periods of prior to and including fiscal year 2017 performance period, regardless of when issued, any unvested equity that would otherwise vest pursuant to these awards on or after the Change in Control event’s effective date shall automatically vest, as of the date immediately prior to the date of Change in Control event, regardless of whether Employee’s employment with the Company, TTEC Parent, or successor shall continue after the Change of Control event.

Appears in 2 contracts

Samples: Executive Employment Agreement (TTEC Holdings, Inc.), Executive Employment Agreement (TTEC Holdings, Inc.)

AutoNDA by SimpleDocs

Equity Vesting on Change of Control (single trigger). Notwithstanding any vesting schedule provisions contained in Equity Agreements that Employee currently holds or may hold, provided such Equity Agreements represent awards for performance periods of prior to and including fiscal year 2017 performance period, regardless of when issued, any unvested equity that would otherwise vest pursuant to these awards on or after the Change in Control event’s effective date shall automatically vest, vest as of the date immediately prior to the date of Change in Control event, regardless of whether Employee’s employment with the Company, TTEC Parent, or successor shall continue after the Change of Control event.

Appears in 2 contracts

Samples: Executive Employment Agreement (TTEC Holdings, Inc.), Executive Employment Agreement (TTEC Holdings, Inc.)

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