Common use of Other Corporate Transactions Clause in Contracts

Other Corporate Transactions. Upon the occurrence of a corporate transaction involving the Company of the type described in paragraph 5.2(f) of the Plan on or before the Date of Termination and prior to the end of the Restricted Period, the Company shall have the right, but not the obligation, to accelerate the vesting of all of the Covered Shares and shall have the right, but not the obligation, to repurchase for the Repurchase Price all of the Covered Shares that are vested of which the Participant is the owner on the Repurchase Date.

Appears in 6 contracts

Samples: Restricted Stock Agreement (Coinmach Service Corp), Restricted Stock Agreement (Coinmach Service Corp), Restricted Stock Agreement (Coinmach Service Corp)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!