Common use of Reorganization Event Clause in Contracts

Reorganization Event. In the event of a Reorganization Event as defined in Section 9(c)(1) of the Plan, the Recipient shall, with respect to the Shares, be entitled to the rights and benefits, and be subject to the limitations, set forth in Section 9(c) of the Plan; provided that if such Reorganization Event also constitutes a Change in Control as defined in Section 8(a) hereof, then the provisions of Section 8 and not the provisions of this Section 7(c) shall govern.

Appears in 4 contracts

Samples: Performance Share Award Agreement (Staples Inc), Performance Share Award Agreement (Staples Inc), Performance Share Award Agreement (Staples Inc)

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Reorganization Event. In the event of a Reorganization Event as defined in Section 9(c)(1) of the Plan, the Recipient shall, with respect to the Shares, be entitled to the rights and benefits, and be subject to the limitations, set forth in Section 9(c) of the Plan; provided that if such Reorganization Event also constitutes a Change in Control as defined in Section 8(a7(a) hereof, then the provisions of Section 8 7 and not the provisions of this Section 7(c6(c) shall govern.

Appears in 2 contracts

Samples: Special Performance Share Award Agreement (Staples Inc), Performance Share Award Agreement (Staples Inc)

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