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

Termination of Employment Upon Change of Control. If a Change of Control occurs and your employment is terminated upon the Change of Control Date as a result of a Qualifying Termination, then you will be issued a number of shares of Common Stock equal to the number of Performance Units that would have become Earned Performance Units in accordance with the provisions of Section 2 hereof assuming that:

Appears in 2 contracts

Samples: Performance Unit Award Agreement (Concho Resources Inc), Performance Unit Award Agreement (Concho Resources Inc)

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Termination of Employment Upon Change of Control. If a Change of Control occurs during the Performance Period and your employment is terminated upon the Change of Control Date as a result of a Qualifying Termination, then you will be issued a number of shares of Common Stock equal to the number of Performance Units that would have become Earned Performance Units in accordance with the provisions of Section 2 hereof assuming that:

Appears in 2 contracts

Samples: Performance Unit Award Agreement (Concho Resources Inc), Performance Unit Award Agreement (Concho Resources Inc)

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Termination of Employment Upon Change of Control. If Subject to Section 5(f) , if a Change of Control occurs and your employment is terminated upon the Change of Control Date as a result of a Qualifying Termination, then you will be issued a number of shares of Common Stock equal to the number of Performance Units that would have become Earned Performance Units in accordance with the provisions of Section 2 hereof assuming that:

Appears in 1 contract

Samples: 2019 Stock Incentive Plan (Concho Resources Inc)

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