Special Vesting Rules. Notwithstanding Section 3.2 above, in the event of a Change in Control of the Company while you are employed by or otherwise providing service to the Company, all of the Restricted Stock Units awarded hereunder that have not previously been forfeited shall become fully vested as if Target performance had been obtained for the Performance Period effective as of the date of any such event. If your Termination Date occurs because of death, Disability, or Retirement, the Restricted Stock Units shall vest or be forfeited as of the RSU Vesting Date set forth in Section 3.2, based on the attainment of the performance goals. If your Termination Date occurs because of Involuntary Termination for Economic Reasons, the Company's Chief Executive Officer (or the Committee, if you are subject to Section 16 of the Exchange Act), in his or her sole and absolute discretion, may permit all or part of the Restricted Stock Units awarded hereunder to remain outstanding and vest or be forfeited as of the date set forth in Section 3.2, depending on the attainment of performance goals. To the extent that the Chief Executive Office (or Committee, if applicable) does not exercise discretionary authority to allow Restricted Stock Units to remain outstanding on the date of your Involuntary Termination for Economic Reasons, such Restricted Stock Units shall be permanently forfeited.
Appears in 2 contracts
Samples: Long Term Incentive Award Agreement (Perrigo Co), Long Term Incentive Award Agreement (Perrigo Co)
Special Vesting Rules. Notwithstanding Section 3.2 1.2 above, in the event of a Change in Control of the Company while you are employed by or otherwise providing service to the Company, all of the Performance Restricted Stock Units awarded hereunder under Section 1.1 that have not previously been forfeited shall become fully vested as if Target performance had been obtained for the Performance Period effective as of the date of any such event. If your Termination Date occurs because of death, Disability, or Retirement, the Performance Restricted Stock Units shall vest or be forfeited as of the RSU PRSU Vesting Date set forth in Section 3.21.2, based on the attainment of the performance goals. If your Termination Date occurs because of Involuntary Termination for Economic Reasons, the Company's ’s Chief Executive Officer (or the Committee, if you are subject to Section 16 of the Exchange Act), in his or her sole and absolute discretion, may permit all or part of the Performance Restricted Stock Units awarded hereunder to remain outstanding and vest or be forfeited as of the date set forth in Section 3.21.2, depending on the attainment of performance goalsPerformance Goals. To the extent that the Chief Executive Office Officer (or Committee, if applicable) does not exercise discretionary authority to allow Performance Restricted Stock Units to remain outstanding on the date of your Involuntary Termination for Economic Reasons, such Restricted Stock Units shall be permanently forfeited.
Appears in 2 contracts
Samples: Restricted Stock Unit Award Agreement (Perrigo Co), Restricted Stock Unit Award Agreement (Perrigo Co)
Special Vesting Rules. Notwithstanding Section 3.2 above, in the event of a Change in Control of the Company while you are employed by or otherwise providing service to the Company, all of the Restricted Stock Units awarded hereunder that have not previously been forfeited shall become fully vested as if Target performance had been obtained for the Performance Period effective as of the date of any such event. If your the Employee's Termination Date occurs because of death, Disability, or Retirement, the Restricted Stock Units shall vest or be forfeited as of the RSU Vesting Date set forth in Section 3.2, based on the attainment of the performance goals. If your the Employee's Termination Date occurs because of Involuntary Termination for Economic Reasons, the Company's Chief Executive Officer (or the Committee, if you are the Employee is subject to Section 16 of the Exchange Act), in his or her sole and absolute discretion, may permit all or part of the Restricted Stock Units awarded hereunder to remain outstanding and vest or be forfeited as of the date set forth in Section 3.2, depending on the attainment of performance goals. To the extent that the Chief Executive Office (or Committee, if applicable) does not exercise discretionary authority to allow Restricted Stock Units to remain outstanding on the date of your the Employee's Involuntary Termination for Economic Reasons, such Restricted Stock Units shall be permanently forfeited.
Appears in 1 contract
Special Vesting Rules. Notwithstanding Section 3.2 above, in the event of a Change in Control of the Company while you are employed by or otherwise providing service to the Company, all of the Restricted Stock Units awarded hereunder that have not previously been forfeited shall become fully vested as if Target performance had been obtained for the Performance Period effective as of the date of any such event. If your the Employee's Termination Date occurs because of death, Disability, or Retirement, the Restricted Stock Units shall vest or be forfeited as of the RSU Vesting Date set forth in Section 3.2, based on the attainment of the performance goals. If your the Employee's Termination Date occurs because of Involuntary Termination for Economic Reasons, the Company's Chief Executive Officer (or the Committee, if you are the Employee is subject to Section 16 of the Exchange Act), in his or her sole and absolute discretion, may permit all or part of the Restricted Stock Units awarded hereunder to remain outstanding and vest or be forfeited as of the date set forth in Section 3.2, depending on the attainment of performance goals. To the extent that the Chief Executive Office (or Committee, if applicable) does not exercise discretionary authority to allow Restricted Stock Units to remain outstanding on the date of your the Employee's Involuntary Termination for Economic Reasons, such Restricted Stock Units shall be permanently forfeited.
Appears in 1 contract
Special Vesting Rules. Notwithstanding Section 3.2 1.2 above, in the event of a Change in Control of (as defined in the Company Plan and as such definition may be amended hereafter) while you are employed by or otherwise providing service to the Company, all of the Restricted Stock Units PRSUs awarded hereunder under Section 1.1 that have not previously been forfeited shall become fully vested as if Target performance had been obtained for the Performance Period effective as of the date of any such event. If your Termination Date occurs because of death, Disability, or Retirement, the Restricted Stock Units PRSUs shall vest or be forfeited as of the RSU PRSU Vesting Date set forth in Section 3.2, based on the attainment of the performance goals. If your Termination Date occurs because of an Involuntary Termination for Economic Reasons, the Company's ’s Chief Executive Officer (or the Committee, if you are subject to Section 16 of the Exchange Act), in his or her sole and absolute discretion, may permit all or part of the Restricted Stock Units PRSUs awarded hereunder to remain outstanding and vest or be forfeited as of the date set forth in Section 3.2PSRU Vesting Date, depending on the attainment of performance goalsPerformance Goals. To the extent that the Chief Executive Office Officer (or Committee, if applicable) does not exercise discretionary authority to allow Restricted Stock Units PRSUs to remain outstanding on the date of your Involuntary Termination for Economic Reasons, such Restricted Stock Units PRSUs shall be permanently forfeited.
Appears in 1 contract
Samples: Restricted Stock Unit Award Agreement (PERRIGO Co PLC)
Special Vesting Rules. Notwithstanding Section 3.2 1.2 above, in the event of a Change in Control of (as defined in the Company Plan and as such definition may be amended hereafter) while you are employed by or otherwise providing service to the Company, all of the Restricted Stock Units PRSUs awarded hereunder under Section 1.1 that have not previously been forfeited shall become fully vested as if Target performance had been obtained for the Performance Period effective as of the date of any such event. If your Termination Date occurs because of death, Disability, or Retirement, the Restricted Stock Units PRSUs shall vest or be forfeited as of the RSU PRSU Vesting Date set forth in Section 3.2, based on the attainment of the performance goals. If your Termination Date occurs because of an Involuntary Termination for Economic Reasons, the Company's ’s Chief Executive Officer (or the Committee, if you are subject to Section 16 of the Exchange Act), in his or her sole and absolute discretion, may permit all or part of the Restricted Stock Units PRSUs awarded hereunder to remain outstanding and vest or be forfeited as of the date set forth in Section 3.2PRSU Vesting Date, depending on the attainment of performance goalsPerformance Goals. To the extent that the Chief Executive Office Officer (or Committee, if applicable) does not exercise discretionary authority to allow Restricted Stock Units PRSUs to remain outstanding on the date of your Involuntary Termination for Economic Reasons, such Restricted Stock Units PRSUs shall be permanently forfeited.
Appears in 1 contract
Samples: Restricted Stock Unit Award Agreement (PERRIGO Co PLC)