Common use of Vesting Upon a Change in Control or Merger of Equals Clause in Contracts

Vesting Upon a Change in Control or Merger of Equals. In the event of the Participant’s Involuntary Termination of Employment following a Change in Control or Involuntary Termination of Employment within thirty-six (36) months following a Merger of Equals, all Restricted Stock Units shall immediately become fully earned and vested at the greater of (i) Target, or (ii) the actual Performance Target (if determinable).

Appears in 6 contracts

Samples: Restricted Stock Unit Agreement (Northfield Bancorp, Inc.), Restricted Stock Unit Agreement (Northfield Bancorp, Inc.), Restricted Stock Unit Agreement (Northfield Bancorp, Inc.)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.