Common use of Termination After a Change of Control Clause in Contracts

Termination After a Change of Control. If, within 24 months after a Change of Control (i) described in paragraphs (a) or (d) of Section 2.8 of the Plan or (ii) that constitutes a Business Combination as defined in paragraph (c) of Section 2.8 of the Plan and in connection with which the surviving or acquiring entity (or its parent entity) has continued, assumed or replaced this Restricted Stock Unit Award, you cease to be an Employee due either to an involuntary termination for reasons other than Cause (as defined in paragraph 7(b)) or a resignation for Good Reason (as defined in paragraph 6(d)), then all unvested Restricted Stock Units subject to this Award and your right to receive Shares in settlement thereof shall immediately vest in full and will be settled in shares of Company common stock as provided in Section 4.

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement (Archer-Daniels-Midland Co), Restricted Stock Unit Award Agreement (Archer-Daniels-Midland Co)

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Termination After a Change of Control. If, within 24 months after a Change of Control (i) described in paragraphs (a) or (d) of Section 2.8 of the Plan or (ii) that constitutes a Business Combination as defined in paragraph (c) of Section 2.8 of the Plan and in connection with which the surviving or acquiring entity (or its parent entity) has continued, assumed or replaced this Restricted Stock Unit Award, you cease to be an Employee due either to an involuntary termination for reasons other than Cause (as defined in paragraph 7(b)) or a resignation for Good Reason (as defined in paragraph 6(d)), then all unvested Restricted Stock Units subject to this Award and your right to receive Shares in settlement thereof shall immediately vest in full and will be settled in shares of Company common stock as provided in Section 4.

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement (Archer-Daniels-Midland Co), Restricted Stock Unit Award Agreement (Archer-Daniels-Midland Co)

Termination After a Change of Control. If, within 24 months after a Change of Control (i) described in paragraphs (a), (d) or (de) of Section 2.8 2.7 of the Plan or (ii) that constitutes a Business Combination as defined in paragraph (c) of Section 2.8 2.7 of the Plan and in connection with which the surviving or acquiring entity (or its parent entity) has continued, assumed or replaced this Restricted Stock Unit Award, you cease to be an Employee due either to an involuntary termination for reasons other than Cause (as defined in paragraph 7(b)Section 6(e) below) or a resignation for Good Reason (as defined in paragraph Section 6(d)) below), then all unvested Restricted Stock Units subject to this Award and your right to receive Shares in settlement thereof shall immediately vest in full and will be settled in shares of Company common stock as provided in Section 44 above.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Archer Daniels Midland Co)

Termination After a Change of Control. If, within 24 months after a Change of Control (i) described in paragraphs (a), (d) or (de) of Section 2.8 2.7 of the Plan or (ii) that constitutes a Business Combination as defined in paragraph (c) of Section 2.8 2.7 of the Plan and in connection with which the surviving or acquiring entity (or its parent entity) has continued, assumed or replaced this Restricted Stock Unit Award, you cease to be an Employee due either to an involuntary termination for reasons other than Cause (as defined in paragraph Section 7(b)) below) or a resignation for Good Reason (as defined in paragraph Section 6(d)) below), then all unvested Restricted Stock Units subject to this Award and your right to receive Shares in settlement thereof shall immediately vest in full and will be settled in shares of Company common stock as provided in Section 44 above.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Archer Daniels Midland Co)

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Termination After a Change of Control. If, within 24 months after a Change of Control (i) described in paragraphs (a), (d) or (de) of Section 2.8 2.7 of the Plan or (ii) that constitutes a Business Combination as defined in paragraph (c) of Section 2.8 2.7 of the Plan and in connection with which the surviving or acquiring entity (or its parent entity) has continued, assumed or replaced this Restricted Stock Unit Award, you cease to be an Employee due either to an involuntary termination for reasons other than Cause (as defined in paragraph 7(b)) or a resignation for Good Reason (as defined in paragraph 6(d)), then all unvested Restricted Stock Units subject to this Award and your right to receive Shares in settlement thereof shall immediately vest in full and will be settled in shares of Company common stock as provided in Section 4.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Archer Daniels Midland Co)

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