Termination Without Cause Following Change of Control. Subject to Section 8, in the event the Recipient is terminated without Cause within two years following a Change of Control, the Performance Units subject to any applicable Period of Restriction shall become fully vested at the Target level of performance (as specified in the Award Summary) as of the termination without Cause and shall cease to be subject to the Period of Restriction set forth in Section 4 of this Agreement.
Appears in 2 contracts
Samples: Cash Settled Performance Unit Award Agreement (SPX Technologies, Inc.), Cash Settled Performance Unit Agreement (SPX Corp)
Termination Without Cause Following Change of Control. Subject to Section 8, in In the event the Recipient is terminated without Cause within two years following a Change of Control, the Performance Units subject to any applicable Period of Restriction shall become fully vested at the Target level of performance (as specified in the Award Summary) as of the termination without Cause and shall cease to be subject to the Period of Restriction set forth in Section 4 of this Agreement.
Appears in 2 contracts
Samples: Cash Settled Performance Unit Agreement, Cash Settled Performance Unit Agreement (SPX Corp)
