Common use of Exercise after a Change of Control Clause in Contracts

Exercise after a Change of Control. In the event of the Employee’s termination of employment after a Change of Control, the vested SAR, to the extent then outstanding, shall be exercisable for the applicable time period described in Section 7(a)(iii), (iv), (v), (vi) or (vii) (determined without regard to any requirement that the termination occur at least one year after the Grant Date).

Appears in 4 contracts

Samples: Stock Appreciation Rights Agreement (Charming Shoppes Inc), Stock Appreciation Rights Agreement (Charming Shoppes Inc), Stock Appreciation Rights Agreement (Charming Shoppes Inc)

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Exercise after a Change of Control. In the event of the Employee’s termination of employment upon or after a Change of Control, the vested SAR, to the extent then outstanding, outstanding SAR shall be exercisable for the applicable time period described in Section 7(a)(iii7(a)(ii), (iii), (iv), (v), (vi) or (viivi), or the scheduled expiration date of the SAR, as set forth in Section 3(b) (determined without regard to any requirement that above, if earlier. In the event of involuntary termination occur at least one year after of the Grant Date)Employee’s employment for Cause, the SAR shall immediately terminate.

Appears in 2 contracts

Samples: Stock Appreciation Rights Agreement (Charming Shoppes Inc), Stock Appreciation Rights Agreement (Charming Shoppes Inc)

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Exercise after a Change of Control. In the event of the Employee’s termination of employment after a Change of Control, the vested SAR, to the extent then outstanding, shall be exercisable for the applicable time period described in Section 7(a)(iii), (iv), (v), (vi) or (viivi) (determined without regard to any requirement that the termination occur at least one year after the Grant Date).

Appears in 1 contract

Samples: Stock Appreciation Rights Agreement (Charming Shoppes Inc)

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