Common use of Qualifying Termination Prior to a Change of Control Clause in Contracts

Qualifying Termination Prior to a Change of Control. If Grantee has a “Qualifying Termination” (as defined in Appendix A) that occurs prior to a “Change of Control” (as defined in Appendix A) and before the Vesting Date, Grantee shall vest in a number of Restricted Stock Units in an amount equal to the number of Restricted Stock Units that would have lapsed as of the Vesting Date, adjusted pro-rata on a full calendar month basis in accordance with the date on which Grantee terminates service.

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 Prior to a Change of Control. If Grantee has a “Qualifying Termination” (as defined in Appendix A) that occurs prior to a “Change of Control” (as defined in Appendix A) and before the Vesting Date, Grantee shall vest in a number of shares of Restricted Stock Units in an amount equal to the number of shares of Restricted Stock Units that would have lapsed as of the Vesting Date, adjusted pro-rata on a full calendar month basis in accordance with the date on which Grantee terminates service.

Appears in 2 contracts

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

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Qualifying Termination Prior to a Change of Control. If Grantee has a “Qualifying Termination” (as defined in Appendix A) that occurs prior to a “Change of Control” (as defined in Appendix A) and before the Vesting Dateend of the Restriction Period, Grantee shall vest in a number of shares of Restricted Stock Units in an amount equal to the number of shares of Restricted Stock Units that would have lapsed as of the Vesting Dateend of the Restriction Period, adjusted pro-rata on a full calendar month basis in accordance with the date on which Grantee terminates service.

Appears in 1 contract

Samples: Restricted Stock Agreement (Trimas Corp)

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