Common use of IAC Awards Clause in Contracts

IAC Awards. Following the occurrence of the Effective Time (as defined in the Merger Agreement), equity awards corresponding to shares of IAC common stock held by Executive shall remain outstanding, continue to vest and be exercisable in accordance with their terms so long as Executive remains employed with the Company; provided, however, that the applicable performance goals shall be equitably adjusted to reflect the occurrence of the transaction as set forth on Exhibit A to this Agreement.

Appears in 2 contracts

Samples: Employment Agreement (ANGI Homeservices Inc.), Employment Agreement (ANGI Homeservices Inc.)

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IAC Awards. Following the occurrence of the Effective Time (as defined in the Merger Agreement), equity awards corresponding to shares of IAC common stock held by Executive shall remain outstanding, continue to vest and be exercisable in accordance with their terms so long as Executive remains employed with the Company; provided, however, that the applicable performance goals shall be equitably adjusted to reflect the occurrence of the transaction as set forth on Exhibit A to this Agreement.

Appears in 1 contract

Samples: Employment Agreement (ANGI Homeservices Inc.)

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IAC Awards. Following the occurrence of the Effective Time (as defined in the Merger Agreement), equity awards corresponding to shares of IAC common stock held by Executive shall remain outstanding, continue to vest and be exercisable in accordance with their terms so long as Executive remains employed with the Company; provided, however, that the applicable performance goals shall be equitably adjusted to reflect the occurrence of the transaction as set forth on Exhibit A B to this Agreement.

Appears in 1 contract

Samples: Employment Agreement (ANGI Homeservices Inc.)

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