Common use of Vesting on Change in Control Clause in Contracts

Vesting on Change in Control. Subject to the terms and conditions of this Agreement, if a Participant remains continuously employed or engaged with the Company or a Related Employer from the date of his or her commencement of participation in the Plan through the date of a Change in Control: A. Subject to Section 2(B) of this Appendix 1, all of the Participant's outstanding unvested RSUs will automatically vest in full as of the date of the Change in Control. B. Notwithstanding anything herein to the contrary, unvested RSUs will not vest as a result of a Change in Control unless, if requested by the Company, the Participant executes and delivers to the Company (and does not revoke) a Release. If the Release is not timely executed and delivered by the Participant to the Company, or if such Release is timely executed and delivered but is subsequently revoked by Participant, then the unvested RSUs covered by this Award will lapse immediately. C. Subject to the terms and conditions of this Agreement, a Participant’s outstanding RSUs vesting pursuant to Section 2 of this Appendix 1 shall be settled as soon as administratively practicable following the expiration of the period during which the Participant may revoke the Release, but in all events no later than the end of the sixtieth (60th) day following the date of the Change in Control.

Vesting on Change in Control. Subject to the terms and conditions of this Agreement, if a Participant remains continuously employed or engaged with the Company or a Related Employer from the date of his or her commencement of participation in the Plan through the date of a Change in Control: A. Subject to Section 2(B) of this Appendix 1, all of the a Participant's outstanding unvested RSUs PSUs will automatically vest in full as of the date of the Change in Controlat target level. B. Notwithstanding anything herein to the contrary, unvested RSUs PSUs will not vest as a result of a Change in Control unless, if requested by the Company, the Participant executes and delivers to the Company (and does not revoke) a Release. If the Release is not timely executed and delivered by the Participant to the Company, or if such Release is timely executed and delivered but is subsequently revoked by Participant, then the unvested RSUs covered by this Award will lapse immediately. C. Subject to the terms and conditions of this Agreement, a Participant’s outstanding RSUs PSUs vesting pursuant to Section 2 of this Appendix 1 shall be settled as soon as administratively practicable following the expiration of the period during which the Participant may revoke the Release, but in all events no later than the end of the sixtieth (60th) day following the date of the Change in Control.