Common use of Other Vesting Terms Clause in Contracts

Other Vesting Terms. Notwithstanding anything to the contrary in this Section 2, to the extent the Grantee is a party to another agreement or arrangement with the Company that provides accelerated vesting of the Award LTIP Units in the event of certain types of employment terminations or any other applicable vesting-related events or provides more favorable vesting provisions than provided for in this Agreement, the more favorable vesting terms of such other agreement or arrangement shall control.

Appears in 6 contracts

Samples: Vesting Agreement (Morgans Hotel Group Co.), Plan Award Agreement (Morgans Hotel Group Co.), Employment Agreement (Morgans Hotel Group Co.)

AutoNDA by SimpleDocs

Other Vesting Terms. Notwithstanding anything to the contrary in this Section 2, to the extent the Grantee is a party to another agreement or arrangement with the Company that provides accelerated vesting of the Award LTIP Units in the event of certain types of employment terminations or any other applicable vesting-related events or provides more favorable vesting provisions than provided for in this Agreement, the more favorable vesting terms of such other agreement or arrangement shall control.

Appears in 2 contracts

Samples: Vesting Agreement (Morgans Hotel Group Co.), Vesting Agreement (Morgans Hotel Group Co.)

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