Vesting and Timing of Transfer. (a) The Participant will become vested in the RSUs in accordance with the schedule set forth above; provided, however, that upon the occurrence of a Change in Control that results in the Company's Shares ceasing to be publicly traded on a national securities exchange, the RSUs shall immediately become fully vested (subject to any delay in Share delivery required pursuant to Section 16 hereof).
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Samples: Restricted Share Unit Agreement (Hovnanian Enterprises Inc), Restricted Share Unit Agreement (Hovnanian Enterprises Inc), Restricted Share Unit Agreement (Hovnanian Enterprises Inc)
Vesting and Timing of Transfer. (a) The Participant will become vested in the RSUs in accordance with the schedule set forth above; provided, however, that upon the occurrence of a Change in Control that results in the Company's Shares ceasing to be publicly traded on a national securities exchange, the RSUs shall immediately become fully vested (subject to any delay in Share delivery required pursuant to Section 16 hereof).. Restricted Share Unit Agreement
Appears in 1 contract
Samples: Restricted Share Unit Agreement (Hovnanian Enterprises Inc)
Vesting and Timing of Transfer. (a) The Participant will become vested in the RSUs in accordance with the schedule set forth above; provided, however, that upon the occurrence of a Change in Control that results in the Company's ’s Shares ceasing to be publicly traded on a national securities exchange, the RSUs shall immediately become fully vested (subject to any delay in Share delivery required pursuant to Section 16 hereof).
Appears in 1 contract
Samples: Restricted Share Unit Agreement (Hovnanian Enterprises Inc)