Common use of Termination of Employment Following Change in Control Clause in Contracts

Termination of Employment Following Change in Control. Upon Grantee’s termination of employment during the two-year period following the occurrence of a Change in Control, Grantee is entitled to receive payment for Vested Performance Shares in Common Shares on the date of such termination of employment.

Appears in 3 contracts

Samples: Lincoln Electric Holdings Inc, Lincoln Electric Holdings Inc, Lincoln Electric Holdings Inc

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Termination of Employment Following Change in Control. Upon the Grantee’s termination of employment during the two-year period following the occurrence of a Change in Control, the Grantee is entitled to receive payment for Vested Performance Shares in Common Shares on the date of such termination of employment.

Appears in 2 contracts

Samples: Lincoln Electric Holdings Inc, Lincoln Electric Holdings Inc

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Termination of Employment Following Change in Control. Upon the Grantee’s termination of employment during the two-year period following the occurrence of a Change in Control, the Grantee is entitled to receive payment for Vested Performance Shares in Common Shares on the date of such termination of employment. Notwithstanding anything in this Agreement to the contrary, payment with respect to Vested Performance Shares shall be made in all events within the short-term deferral period specified in Treasury Regulation § 1.409A-1(b)(4).

Appears in 1 contract

Samples: Lincoln Electric Holdings Inc

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