Vesting Upon Certain Events Clause Samples
Vesting Upon Certain Events. Notwithstanding the foregoing, upon a Change in Control, all of the Restricted Shares underlying the Award will immediately and fully vest and become free from any forfeiture restrictions. If the Grantee’s employment or service (as applicable) with the Company and its Affiliates (as applicable) terminates or is terminated for any reason, any Restricted Shares that are then still subject to forfeiture restrictions as of such date shall be immediately forfeited with no other compensation due to the Grantee.]
Vesting Upon Certain Events. Notwithstanding the foregoing, upon (i) a “Change in Control Transaction” (as such term is defined in the Employment Agreement between the Grantee and the Company, dated October 14, 2010, as amended (the “Employment Agreement”)), (ii) the Grantee’s termination of employment by the Company and its Affiliates without “Cause” (as such term is defined in the Employment Agreement), (iii) the Grantee’s termination of employment with the Company and its Affiliates due to death or Disability or (iv) the Grantee’s voluntary termination of employment with the Company and its Affiliates due to “Good Reason” (as such term is defined in the Employment Agreement), all of the Restricted Shares underlying the Award will immediately and fully vest and become free from any forfeiture restrictions. If the Grantee’s employment with the Company and its Affiliates terminates or is terminated for any other reason, any Restricted Shares that are then still subject to forfeiture restrictions as of such date shall be immediately forfeited with no other compensation due to the Grantee.
Vesting Upon Certain Events. Notwithstanding the foregoing, upon (i) a Change in Control or (ii) the Grantee’s separation of service with the Company and its Affiliates due to death or Disability, all of the Restricted Shares underlying the Award will immediately and fully vest and become free from any forfeiture restrictions. If the Grantee’s service with the Company and its Affiliates ceases for any other reason, any Restricted Shares that are then still subject to forfeiture restrictions as of such date shall be immediately forfeited with no other compensation due to the Grantee.
Vesting Upon Certain Events. Notwithstanding the provisions of Section 2, this Option shall become fully exercisable immediately upon the occurrence of a Change of Control or if Option Holder is terminated by the Company without Cause or by Executive for Good Reason (as such terms are defined herein).
Vesting Upon Certain Events