Common use of Treatment of Units Upon Termination of Employment Clause in Contracts

Treatment of Units Upon Termination of Employment. Notwithstanding any provision in the Agreement or the Plan to the contrary, the treatment of the Award upon the Employee’s termination of employment shall be governed by the Danish Act on the Usage of Rights to Purchase or Subscribe for Shares etc. in Employment Relationships (the “Stock Option Act”), as in effect at the time of the Employee’s termination of employment (as determined by the Company, in its sole discretion, in consultation with legal counsel). The Employee acknowledges having received an “Employer Statement” in Danish, which is being provided in conjunction with the Award to comply with the Stock Option Act.

Appears in 7 contracts

Samples: Restricted Stock Unit Award Agreement (Hillenbrand, Inc.), Restricted Stock Unit Award Agreement (Hillenbrand, Inc.), Performance Based Unit Award Agreement (Hillenbrand, Inc.)

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