Common use of Merger, Consolidation or Change in Control Clause in Contracts

Merger, Consolidation or Change in Control. In the event of a Change in Control, all restrictions on the Restricted Shares will lapse, the dividends credited to you pursuant to Section 7 will become payable, the Restricted Shares shall be vested and fully transferable and the provisions of Section 1(b) shall apply. For purposes of this Letter Agreement, “Change in Control” shall be as defined in Section 14 of the Plan, provided that notwithstanding the provisions of Section 14(c) of the Plan relating to stockholder approval of a transaction constituting a Business Combination (as defined in Section 14(c)), a Change in Control with respect to a Business Combination shall not occur prior to the date of consummation of such transaction.

Appears in 2 contracts

Samples: First Midwest Bancorp Inc, First Midwest Bancorp Inc

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Merger, Consolidation or Change in Control. In the event of a Change in Control, all restrictions on the Restricted Shares will lapse, the dividends credited to you pursuant to Section 7 will become payable, lapse and the Restricted Shares shall be vested and fully transferable and the provisions of Section 1(b) shall apply. For purposes of this Letter Agreement, "Change in Control" shall be as defined in Section 14 of the Plan, provided that notwithstanding the provisions of Section 14(c) of the Plan relating to stockholder approval of a transaction constituting a Business Combination (as defined in Section 14(c)), a Change in Control with respect to a Business Combination shall not occur prior to the date of consummation of such transaction.

Appears in 1 contract

Samples: First Midwest Bancorp Inc

Merger, Consolidation or Change in Control. In the event of a Change in Control, all restrictions on the any non-vested Restricted Shares Units will lapse, the dividends credited to you pursuant to Section 7 will become payable, the lapse and such Restricted Shares Units shall be vested and fully transferable and the provisions of payable in full, subject to withholding under Section 1(b) shall apply8. For purposes of this Letter Agreement, "Change in Control" shall be as defined in Section 14 of the Plan, provided that notwithstanding the provisions of Section 14(c) of the Plan relating to stockholder approval of a transaction constituting a Business Combination (as defined in Section 14(c)), a Change in Control with respect to a Business Combination shall not occur prior to the date of consummation of such transaction.

Appears in 1 contract

Samples: Grant_date (First Midwest Bancorp Inc)

Merger, Consolidation or Change in Control. In the event of a Change in Control, all restrictions on the any non-vested Restricted Shares Units will lapse, the dividends credited to you pursuant to Section 7 will become payable, the lapse and such Restricted Shares Units shall be vested and fully transferable and the provisions of payable in full, subject to withholding under Section 1(b) shall apply8. For purposes of this Letter Agreement, “Change in Control” shall be as defined in Section 14 of the Plan, provided that notwithstanding the provisions of Section 14(c) of the Plan relating to stockholder approval of a transaction constituting a Business Combination (as defined in Section 14(c)), a Change in Control with respect to a Business Combination shall not occur prior to the date of consummation of such transaction.

Appears in 1 contract

Samples: Letter Agreement (First Midwest Bancorp Inc)

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Merger, Consolidation or Change in Control. In the event of a Change in Control, all restrictions on the Restricted Shares will lapse, the dividends credited to you pursuant to Section 7 will become payable, lapse and the Restricted Shares shall be vested and fully transferable and the provisions of Section 1(b) shall apply. For purposes of this Letter Agreement, "Change in Control" shall be as defined in Section 14 of the Company' Omnibus Stock and Incentive Plan (the "Omnibus Plan"), provided that notwithstanding the provisions of Section 14(c) of the Omnibus Plan relating to stockholder approval of a transaction constituting a Business Combination (as defined in Section 14(c)), a Change in Control with respect to a Business Combination shall not occur prior to the date of consummation of such transaction.

Appears in 1 contract

Samples: First Midwest Bancorp Inc

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