Common use of Restricted Stock and Restricted Stock Units Clause in Contracts

Restricted Stock and Restricted Stock Units. Any restrictions on any outstanding restricted or performance stock grants or restricted or performance stock unit awards, if any, to Executive by SunTrust shall immediately expire and Executive’s right to such stock or stock units shall be non-forfeitable notwithstanding the terms of any plan or agreement under which such grants or awards were made.

Appears in 9 contracts

Samples: Change in Control Agreement (Suntrust Banks Inc), Change in Control Agreement (Suntrust Banks Inc), Change in Control Agreement (Suntrust Banks Inc)

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Restricted Stock and Restricted Stock Units. Any restrictions Restrictions on any outstanding restricted or performance stock grants or restricted or performance stock unit awards, if any, to the Executive by SunTrust shall immediately expire and the Executive’s right to such stock or stock units shall be non-forfeitable notwithstanding in accordance with the terms Change in Control provisions of any plan or the agreement under which such grants or awards were made.

Appears in 1 contract

Samples: Executive Severance Pay Plan (Suntrust Banks Inc)

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