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.)

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