Prior to Satisfaction of the Performance Vesting Requirement. Notwithstanding anything to the contrary in Section 3 or the remainder of this Section 6, in the event that a Change in Control is consummated prior to both the Vesting Date and the end of the applicable performance period for which the Performance Vesting Requirement relates, forfeiture restrictions on all Restricted Stock Units subject to that Performance Vesting Requirement granted to you pursuant to Section 1 of this Agreement shall automatically lapse and the Restricted Stock Units subject to that Performance Vesting Requirement will vest, subject further to Section 12 of this Agreement.
Appears in 6 contracts
Samples: Incentive Compensation Plan 2017 Executive Restricted Stock Unit Agreement (W&t Offshore Inc), Incentive Compensation Plan 2016 Executive Restricted Stock Unit Agreement (W&t Offshore Inc), Restricted Stock Unit Agreement (W&t Offshore Inc)
Prior to Satisfaction of the Performance Vesting Requirement. Notwithstanding anything to the contrary in Section 3 2 or the remainder of this Section 65, in the event that a Change in Control is consummated prior to both the Vesting Date and the end of the applicable performance period for which the Performance Vesting Requirement relates, forfeiture restrictions on all Restricted Stock Units your Award subject to that Performance Vesting Requirement granted to you pursuant to Section 1 of this Agreement shall automatically lapse and the Restricted Stock Units Award subject to that Performance Vesting Requirement will vest, subject further to Section 12 11 of this Agreement.
Appears in 2 contracts
Samples: Term Incentive Plan Agreement (W&t Offshore Inc), Term Incentive Plan Agreement (W&t Offshore Inc)
Prior to Satisfaction of the Performance Vesting Requirement. Notwithstanding anything to the contrary in Section 3 or the remainder of this Section 6, in the event that a Change in Control is consummated prior to both the Vesting Date and the end of the applicable performance period for which the Performance Vesting Requirement relates, forfeiture restrictions on all Restricted Stock Units subject to that Performance Vesting Requirement granted to you pursuant to Section 1 of this Agreement shall automatically lapse and the Restricted Stock Units subject to that Performance Vesting Requirement will vest, subject further to Section 12 of this Agreement.
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