Full Accelerated Vesting. Notwithstanding the provisions of Section 3(a) hereof, upon (i) the Participant’s termination of employment as a result of death or Disability, or (ii) the occurrence of a “change in control” (as described in Section 1 hereof) of the Company, the Stock Units shall become fully and immediately vested, and shall be payable in accordance with Section 5 hereof, to the extent that they have not previously been forfeited in accordance with Section 4 hereof.
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Samples: Stock Unit Award Agreement (Ultimate Software Group Inc), Stock Unit Award Agreement (Ultimate Software Group Inc)
Full Accelerated Vesting. Notwithstanding the provisions of Section 3(a) hereof, upon (i) the Participant’s termination of employment as a result of the Participant’s death or Disability, or (ii) the occurrence of a “change Change in control” (as described in Section 1 hereof) Control of the CompanyCompany while the Participant is employed by the Company or a Subsidiary, all of the Restricted Stock Units shall become fully and immediately vested, and shall be payable in accordance with Section 5 hereof, to the extent that they have not previously been forfeited in accordance with Section 4 hereof.
Appears in 1 contract
Samples: Restricted Stock Unit Award Agreement (Ultimate Software Group Inc)
Full Accelerated Vesting. Notwithstanding the provisions of Section 3(a) hereof, upon (i) the Participant’s termination of employment as a result of the Participant’s death or Disability, or (ii) the occurrence of a “change Change in control” (as described in Section 1 hereof) Control of the Company, all of the Restricted Stock Units shall become fully and immediately vested, and shall be payable in accordance with Section 5 hereof, to the extent that they have not previously been forfeited in accordance with Section 4 hereof.
Appears in 1 contract
Samples: Restricted Stock Unit Award Agreement (Ultimate Software Group Inc)
Full Accelerated Vesting. Notwithstanding the provisions of Section 3(a) hereof, upon (i) the Participant’s termination of employment as a result of the Participant’s death or Disability, or (ii) the occurrence of a “change Change in control” (as described in Section 1 hereof) Control of the CompanyCompany while the Participant is employed by the Company or a Subsidiary, all of the Restricted Stock Units shall become fully and immediately vested, and shall be payable deliverable in accordance with Section 5 hereof, to the extent that they have not previously been forfeited in accordance with Section 4 hereof.
Appears in 1 contract
Samples: Restricted Stock Unit Award Agreement (Ultimate Software Group Inc)