Release Condition. Except as otherwise determined by the Committee, if any vesting or settlement of the Performance Shares or vesting of shares of Restricted Stock is subject to a “Release Condition”, the Participant must sign and deliver to the Company a release of claims, in the form provided by the Company (which, following a Change in Control, shall be based on the Company’s form prior to the Change in Control), as consideration for such vesting or settlement, within thirty (30) days following the applicable event and shall not revoke it within the period specified therein.
Appears in 3 contracts
Samples: Performance Share Award Agreement (Altra Industrial Motion Corp.), Performance Share Award Agreement (Altra Industrial Motion Corp.), Performance Share Award Agreement (Altra Industrial Motion Corp.)
Release Condition. Except as otherwise determined by the Committee, if any vesting or settlement of the Performance Restricted Shares or vesting of shares of Restricted Stock is subject to a “Release Condition”, the Participant must sign and deliver to the Company a release of claims, in the form provided by the Company (which, following a Change in Control, shall be based on the Company’s form prior to the Change in Control) (“Release”), as consideration for such vesting or settlementvesting, within thirty (30) 30 days following the applicable event and shall not revoke it within the period specified therein.
Appears in 2 contracts
Samples: Restricted Stock Award Agreement (Altra Industrial Motion Corp.), Restricted Stock Award Agreement (Altra Industrial Motion Corp.)
