Common use of Termination without Cause or for Good Reason in Connection with a Change in Control Clause in Contracts

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 Service Condition applicable to each share of Restricted Stock shall be deemed to have been fully attained.

Appears in 4 contracts

Samples: Restricted Stock Award Agreement (Warner Music Group Corp.), Employment Agreement (WMG Acquisition Corp), Restricted Stock Award Agreement (Warner Music Group Corp.)

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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 Service Condition applicable to each share of Restricted Stock shall be deemed to have been fully attained.

Appears in 2 contracts

Samples: Restricted Stock Award Agreement (WMG Acquisition Corp), Employment Agreement (WMG Acquisition Corp)

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