Common use of Long-Term Incentive Plan and the Deferred Share Clause in Contracts

Long-Term Incentive Plan and the Deferred Share. Plan In accordance with article 29 of the Articles, in the event of: • termination of employment of the Executive, all options, restricted share units, shares, share awards and matching shares granted under the Long-Term Incentive Plan regulations and the Deferred Share Plan regulations will vest and be granted, respectively, and any blocking periods will be waived, unless the Compensation Committee decides otherwise; • a change in control of Syngenta AG, all options, restricted share units, shares, share awards and matching shares granted under the Long-Term Incentive Plan regulations and the Deferred Share Plan regulations will vest and be granted, respectively, and any blocking periods will be waived. The above provisions override the termination of employment and the change in control provisions contained in the Long-Term Incentive Plan and Deferred Share Plan regulations. All other provisions remain unchanged. For any grants made under the Executive Long-Term Incentive Plan regulations, the termination of employment provisions and change in control provisions contained within those regulations shall apply.

Appears in 8 contracts

Samples: Syngenta Ag, Syngenta Ag, Syngenta Ag

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.