Common use of Qualifying Termination Following a Change of Control Clause in Contracts

Qualifying Termination Following a Change of Control. If Grantee has a Qualifying Termination within two years following a Change of Control, Grantee shall fully vest in the Restricted Stock Units subject to this Award. Any Restricted Stock Units that do not vest in accordance with Section II.A.1(a) or this Section II.A.1(b) shall be canceled and forfeited as of the date of Grantee’s termination of services. Further, subject to Code Section 409A, the Corporation retains the right to accelerate the vesting of all or a portion of the Restricted Stock Units subject to this Award.

Appears in 4 contracts

Samples: Restricted Stock Units Agreement (Trimas Corp), Restricted Stock Units Agreement (Trimas Corp), Restricted Stock Units Agreement (Trimas Corp)

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Qualifying Termination Following a Change of Control. If Grantee has a Qualifying Termination within two years following a Change of Control, Grantee shall fully vest in the Restricted Stock Units subject to this Awardthe Award that have not already vested. Any Restricted Stock Units that do not vest in accordance with Section II.A.1(a) or this Section II.A.1(b) shall be canceled and forfeited as of the date of Grantee’s termination of services. Further, subject to Code Section 409A, the Corporation retains the right to accelerate the vesting of all or a portion of the Restricted Stock Units subject to this Award.

Appears in 4 contracts

Samples: Restricted Stock Units Agreement (Trimas Corp), Restricted Stock Units Agreement (Trimas Corp), Restricted Stock Units Agreement (Trimas Corp)

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Qualifying Termination Following a Change of Control. If Grantee has a Qualifying Termination within two years following a Change of Control, Grantee shall fully vest in the Restricted Stock Units subject to this the Award. Any Restricted Stock Units that do not vest in accordance with Section II.A.1(a) or this Section II.A.1(b) shall be canceled and forfeited as of the date of Grantee’s termination of services. Further, subject to Code Section 409A, the Corporation retains the right to accelerate the vesting of all or a portion of the Restricted Stock Units subject to this Award.

Appears in 2 contracts

Samples: Restricted Stock Units Agreement (Trimas Corp), Restricted Stock Units Agreement (Trimas Corp)

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