Full Vesting Upon Certain Events. Notwithstanding the provisions of Section 3(a), the Participant will acquire a vested interest in, and the restrictions on voting and the right to receive dividends set forth in Section 1(b) and the restrictions on transfer set forth in Section 2 will lapse with respect to, all of the granted but nonvested Restricted Shares in the event of (i) the involuntary termination (including disability or death) of the Participant’s employment with the Company and its Subsidiaries for any reason, including for Cause, or (ii) the voluntary termination of the Participant’s employment with the Company and its Subsidiaries by the Participant, with or without Good Reason.”
Appears in 1 contract
Samples: Restricted Stock Award Agreement (Alon USA Energy, Inc.)
Full Vesting Upon Certain Events. Notwithstanding the provisions of Section 3(a), the Participant will acquire a vested interest in, and the restrictions on voting and the right to receive dividends set forth in Section 1(b) and the restrictions on transfer set forth in Section 2 will lapse with respect to, all of the granted but nonvested Restricted Shares in the event of (i) the involuntary termination (including disability or death) of the Participant’s employment with the Company and its Subsidiaries for any reason, including for Cause, a reason other than Cause or (ii) the voluntary Participant's termination of the Participant’s employment with the Company and its Subsidiaries by the Participant, with or without Participant for Good Reason, in each case within the 24-month period following the occurrence of a Change in Control.”
Appears in 1 contract
Samples: Restricted Stock Award Agreement (Alon USA Energy, Inc.)
Full Vesting Upon Certain Events. Notwithstanding the provisions of Section 3(a), the Participant will acquire a vested interest in, and the restrictions on voting and the right to receive dividends set forth in Section 1(b) and the restrictions on transfer set forth in Section 2 will lapse with respect to, all of the granted but nonvested Restricted Shares in the event of (i) the involuntary termination (including disability or death) of the Participant’s employment with the Company and its Subsidiaries for any reason, including for Cause, or (ii) the voluntary termination of the Participant’s employment with the Company and its Subsidiaries by the Participant, with or without Good Reason.”
Appears in 1 contract
Samples: Restricted Stock Award Agreement (Alon USA Energy, Inc.)
Full Vesting Upon Certain Events. Notwithstanding the provisions of Section 3(a), the Participant will acquire a vested interest in, and the restrictions on voting and the right to receive dividends set forth in Section 1(b) and the restrictions on transfer set forth in Section 2 will lapse with respect to, all of the granted but nonvested Restricted Shares in the event of (i) the involuntary termination (including disability or death) of the Participant’s 's employment with the Company and its Subsidiaries for any reason, including for Cause, a reason other than Cause or (ii) the voluntary Participant' s termination of the Participant’s employment with the Company and its Subsidiaries by the Participant, with or without Participant for Good Reason, in each case within the 24-month period following the occurrence of a Change in Control.”
Appears in 1 contract
Samples: Restricted Stock Award Agreement (Alon USA Energy, Inc.)