Common use of Vesting of Restricted Share Units Clause in Contracts

Vesting of Restricted Share Units. (a) Except as otherwise provided in this Agreement, the Restricted Share Units shall become non-forfeitable as follows (each applicable date, a “Vesting Date”), unless earlier forfeited in accordance with Section 5. [ ] (b) Notwithstanding the provisions of Section 4(a) above, all Restricted Share Units, to the extent not previously forfeited, shall become immediately nonforfeitable upon the occurrence of a Change in Control (as defined below). A “Change in Control” means the occurrence, while the Grantee remains employed by the Company or a Subsidiary, of any of the following events:

Appears in 2 contracts

Samples: Restricted Share Unit Agreement (Harman International Industries Inc /De/), Restricted Share Unit Agreement (Harman International Industries Inc /De/)

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Vesting of Restricted Share Units. (a) Except as otherwise provided in this Agreement, the Restricted Share Units shall become non-forfeitable as follows nonforfeitable on the third anniversary of the Date of Grant (each applicable date, a the “Vesting Date”), unless earlier forfeited in accordance with Section 5. [ ]. (b) Notwithstanding the provisions of Section 4(a) above, all Restricted Share Units, to the extent not previously forfeited, shall become immediately nonforfeitable upon the occurrence of a Change in Control (as defined below). A “Change in Control” means the occurrence, while the Grantee remains employed by the Company or a Subsidiary, of any of the following events:

Appears in 2 contracts

Samples: Restricted Share Unit Agreement (Harman International Industries Inc /De/), Restricted Share Unit Agreement (Harman International Industries Inc /De/)

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Vesting of Restricted Share Units. (a) Except as otherwise provided in this Agreement, the Restricted Share Units shall become non-forfeitable as follows (each applicable date, a “Vesting Date”), unless earlier forfeited in accordance with Section 5. [ ], the Restricted Share Units shall become nonforfeitable on __________ (each, a “Vesting Date”). (b) Notwithstanding the provisions of Section 4(a) above, all Restricted Share Units, to the extent not previously forfeited, Units shall become immediately nonforfeitable upon the occurrence of a Change in Control (as defined below). A “Change in Control” means the occurrence, while the Grantee remains employed by the Company or a Subsidiarybefore this Agreement terminates, of any of the following events:

Appears in 1 contract

Samples: Restricted Share Unit Agreement (Harman International Industries Inc /De/)

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