Termination without Cause or for Good Reason in Connection with a Change in Control. Upon the Executive’s cessation of employment with the Company or any Affiliate of the Parent due to a termination without Cause or for Good Reason, in each case, provided that such termination occurs on or after, or in anticipation of, a Change in Control, the Option shall become fully vested and exercisable.
Appears in 2 contracts
Samples: Stock Option Agreement (Warner Music Group Corp.), Employment Agreement (Warner Music Group Corp.)
Termination without Cause or for Good Reason in Connection with a Change in Control. Upon the Executive’s cessation of employment with the Company or any Affiliate of the Parent due to a termination without Cause or for Good Reason, in each case, provided that such termination occurs on or after, or in anticipation of, a Change in Control, including an “EMI Change in Control” (as defined below), the Option Service Condition applicable to each share of Restricted Stock shall become be deemed to have been fully vested and exercisableattained.
Appears in 2 contracts
Samples: Restricted Stock Award Agreement (WMG Acquisition Corp), Employment Agreement (WMG Acquisition Corp)
Termination without Cause or for Good Reason in Connection with a Change in Control. Upon the Executive’s cessation of employment with the Company or any Affiliate of the Parent due to a termination without Cause or for Good Reason, in each case, provided that such termination occurs on or after, or in anticipation of, a Change in Control, including an “EMI Change in Control” (as defined below), the Option shall become fully vested and exercisable.
Appears in 2 contracts
Samples: Stock Option Agreement (WMG Acquisition Corp), Employment Agreement (WMG Acquisition Corp)
