Common use of Other Acceleration Event Clause in Contracts

Other Acceleration Event. If clause (i) above does not apply and a Performance Period ends after the occurrence of an Acceleration Event, then, notwithstanding any provisions of this Agreement to the contrary (except as provided in subsection 2(d), and subject to the Committee’s discretion), the Award shall be settled at the time provided in subsection 2(b) in the amount determined under clause (iii) below.

Appears in 7 contracts

Samples: Performance Unit Award Agreement (Itt Inc.), Performance Unit Award Agreement (Itt Inc.), Performance Unit Award Agreement (ITT Inc.)

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Other Acceleration Event. If clause (i) above does not apply and a Performance Period ends after the occurrence of an Acceleration Event, then, notwithstanding any provisions of this Agreement to the contrary (except as provided in subsection 2(d2(e), and subject to attainment of the Threshold to the extent required as described above and the Committee’s discretion), the Award shall be settled at the time provided in subsection 2(b2(c) in the amount determined under clause (iii) below.

Appears in 3 contracts

Samples: Performance Unit Award Agreement (ITT Inc.), Performance Unit Award Agreement (ITT Corp), Performance Unit Award Agreement (ITT Corp)

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