Common use of Occurrence of a Change in Corporate Control Clause in Contracts

Occurrence of a Change in Corporate Control. Notwithstanding anything herein to the contrary, if these Restricted Stock Units are assumed or substituted by a successor corporation (or a parent or subsidiary of a successor corporation) in a Change in Control, and you incur a separation from service in connection with the Change in Control, then these Restricted Stock Units shall become fully vested and shall be released in accordance with Section 3.

Appears in 3 contracts

Samples: Non Employee Director Restricted Stock Units Award Agreement (Exide Technologies), Restricted Stock Units Award Agreement (Exide Technologies), Restricted Stock Units Award Agreement (Exide Technologies)

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Occurrence of a Change in Corporate Control. Notwithstanding anything herein to Section 15 of the contraryPlan, if these Restricted Stock Units are assumed or substituted by a successor corporation (or a parent or subsidiary of a successor corporation) in a Change in Control, and you incur a separation from service in connection with the Change in Control, then these Restricted Stock Units shall become fully vested and shall be released in accordance with Section 3.

Appears in 2 contracts

Samples: Non Employee Director Restricted Stock Units Award Agreement (Exide Technologies), Non Employee Director Restricted Stock Units Award Agreement (Exide Technologies)

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