Common use of Exceptions to Forfeiture: Change in Control Clause in Contracts

Exceptions to Forfeiture: Change in Control. Notwithstanding the forfeiture provisions of Paragraph 3(c), this Paragraph 3(d) shall apply in the event of a Change in Control. The occurrence of a Change in Control during the Initial Deferral Period shall not cause vesting or forfeiture of the Award. Employee’s “Termination Without Cause” or “Resignation for Good Reason” (each as defined in Paragraph 3(h) hereof), subsequent to the Change in Control and prior to the Vesting Date, shall not cause forfeiture of the Award and shall be deemed an Early Vesting Event causing the Award to vest and trigger payment under Paragraph 3(b).

Appears in 4 contracts

Samples: Deferred Cash Award Agreement (DST Systems Inc), Deferred Cash Award Agreement (DST Systems Inc), Deferred Cash Award Agreement (DST Systems Inc)

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