Common use of Post-CIC Good Leaver Termination Clause in Contracts

Post-CIC Good Leaver Termination. Upon termination of the Participant’s Service by the Participant for Good Reason (as defined on Exhibit A), by the Company without Cause or due to the Participant’s death or Disability, in each case, upon or following the consummation of a Change in Control, one-hundred percent (100%) of the PSUs shall satisfy the Service Condition.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Sovos Brands, Inc.)

AutoNDA by SimpleDocs

Post-CIC Good Leaver Termination. Upon termination of the Participant’s Service by the Participant for Good Reason (as defined on Exhibit A), by the Company without Cause or due to the Participant’s death or Disability, in each case, upon or following the consummation of a Change in Control, one-hundred percent (100%) all of the PSUs shall satisfy the Service Condition.. ​

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Sovos Brands, Inc.)

Post-CIC Good Leaver Termination. 1. Upon termination of the Participant’s Service by the Participant for Good Reason (as defined on Exhibit A)Reason, by the Company without Cause or due to the Participant’s death or Disability, in each case, upon or following the consummation of a Change in Control, one-hundred percent (100%) the Company shall deliver to the Participant, in accordance with Section 3(a)(iii)(2), a number of shares of Common Stock equal to the number of Earned PSUs shall satisfy the Service Conditiondetermined under Section 2(b)(iv).

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Sovos Brands, Inc.)

AutoNDA by SimpleDocs

Post-CIC Good Leaver Termination. Upon termination of the Participant’s Service by the Participant for Good Reason (as defined on Exhibit A), by the Company without Cause or due to the Participant’s death or Disability, in each case, upon or following the consummation of a Change in Control, one-hundred percent (100%) all of the PSUs shall satisfy the Service Condition.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Sovos Brands, Inc.)

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