Common use of Termination of Award Upon Consummation of Covered Transaction Clause in Contracts

Termination of Award Upon Consummation of Covered Transaction. This Award will terminate upon consummation of the Covered Transaction, unless: (i) the Award is assumed pursuant to Section 5(b)(i) above; or (ii) the Award is converted pursuant to the proviso in Section 5(b)(ii) above into an ongoing right to receive payment in a medium other than Shares.

Appears in 4 contracts

Samples: Award Agreement (Affiliated Managers Group, Inc.), Award Agreement (Affiliated Managers Group, Inc.), Award Agreement (Affiliated Managers Group, Inc.)

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