Common use of Vesting Upon Change in Control Clause in Contracts

Vesting Upon Change in Control. (a) Notwithstanding Section 2 above, if Grantee holds Restrictive Stock Units at the time a Change in Control occurs, and either (i) the Change in Control is not approved by a majority of the Continuing Directors (as defined below), or (ii) the acquiring or successor entity (or parent thereof) does not agree to provide for the continuance or assumption of this Agreement or the substitution for this Agreement of a new agreement of comparable value covering shares of a successor corporation (“New Incentives”), then all of the Restricted Stock Units shall become immediately and unconditionally vested, and the restrictions with respect to all of the Restricted Stock Units shall lapse, effective immediately prior to the consummation of such Change in Control.

Vesting Upon Change in Control. (a) Notwithstanding Section 2 above, if Grantee holds Restrictive Stock Units at the time a Change in Control occurs, and either (i) the Change in Control is not approved by a majority of the Continuing Directors (as defined below), or (ii) the acquiring or successor entity (or parent thereof) does not agree to provide for the continuance or assumption of this Agreement or the substitution for this Agreement of a new agreement of comparable value covering shares of a successor corporation (“New Incentives”), then all the Target Number of the Restricted Stock Units shall become immediately and unconditionally vestedvested effective immediately prior to and condition upon the consummation of such Change of Control, regardless of the Performance Criteria, and the restrictions with respect Company shall deliver to all Grantee one share of Common Stock for each of the Target Number of Units and the Restricted Stock Units shall lapse, effective immediately prior to the consummation of such Change in Controlterminate.

Vesting Upon Change in Control. (a) Notwithstanding Section 2 Sections 2.3 and 2.4 above, if Grantee the Awardee holds Restrictive Nonvested Stock Units at the time a Change in Control occurs, and either (i) the Change in Control is not approved by a majority of the Continuing Directors (as defined below), ) or (ii) the acquiring or successor entity (or parent thereof) does not agree to provide for the continuance or assumption of this Agreement or the substitution for this Agreement of a new agreement of comparable value covering shares of a successor corporation (“New Incentives”), then all of the Restricted Nonvested Stock Units shall become immediately and unconditionally vested, and the restrictions with respect to all of the Restricted Nonvested Stock Units shall lapse, effective immediately prior to the consummation of such Change in Control.

Vesting Upon Change in Control. (a) Notwithstanding Section 2 Sections 2.3 above, if Grantee the Awardee holds Restrictive Nonvested Stock Units at the time a Change in Control occurs, and either (i) the Change in Control is not approved by a majority of the Continuing Directors (as defined below), ) or (ii) the acquiring or successor entity (or parent thereof) does not agree to provide for the continuance or assumption of this Agreement or the substitution for this Agreement of a new agreement of comparable value covering shares of a successor corporation (“New Incentives”), then all of the Restricted Nonvested Stock Units shall become immediately and unconditionally vested, and the restrictions with respect to all of the Restricted Nonvested Stock Units shall lapse, effective immediately prior to the consummation of such Change in Control.