Qualified Liquidity Event. Upon the occurrence of a Qualified Liquidity Event that also constitutes a “change in control event” under Section 409A of the Code, all Restricted Stock Units shall immediately vest, subject to Participant’s continuous Service with the Company through the date of such Qualified Liquidity Event.
Appears in 2 contracts
Samples: Director Restricted Stock Unit Award Agreement (Penn Virginia Corp), Restricted Stock Unit Award Agreement (Penn Virginia Corp)
Qualified Liquidity Event. Upon the occurrence of a Qualified Liquidity Event that also constitutes a “change in control event” under Section 409A of the CodeEvent, all Restricted Stock Units shall immediately vest, subject to Participant’s continuous Service with the Company through the date of such Qualified Liquidity Event.
Appears in 2 contracts
Samples: Officer Restricted Stock Unit Award Agreement (Penn Virginia Corp), Restricted Stock Unit Award Agreement (Penn Virginia Corp)
