Common use of Treatment of Restricted Shares Upon a Change in Control Clause in Contracts

Treatment of Restricted Shares Upon a Change in Control. Upon the occurrence of a “Change in Control” (as defined in the Plan), vesting of the Restricted Shares shall remain subject to the terms of Sections 2.5(a) above and 2.5(c) below; however, should the Executive’s employment with the Employer be terminated by the Employer without Cause or by the Executive with Good Reason, within twelve (12) months of the Change in Control, all of the Restricted Shares that have not yet vested as of such date shall immediately and automatically vest and become non-forfeitable.

Treatment of Restricted Shares Upon a Change in Control. Upon the occurrence of a “Change in Control” Control (as defined in the Plan), vesting of the Director Restricted Shares shall remain subject to the terms of Sections 2.5(a2.7(b) above and 2.5(c2.7(d) below; however, should if the Executive ceases to be a Member of the Board of Directors as a result of the Executive’s employment with the Employer be being terminated by the Employer without Cause or by the Executive with Good Reason, Reason within twelve (12) months of the Change in Control, all of the Director Restricted Shares that have not yet vested as of such date shall immediately and automatically vest and become non-forfeitable.