Common use of Vesting Upon Change of Control Clause in Contracts

Vesting Upon Change of Control. Notwithstanding any of the provisions of Section 2, Xxxxxxx’s rights under this RSU shall become fully vested and Grantee shall be entitled to receipt of the Shares represented by this RSU in the event there is a Change of Control while Xxxxxxx is employed by, or a member of the Board of, the Company.

Appears in 4 contracts

Samples: Stock Incentive Plan for Employees (Toll Brothers Inc), Stock Incentive Plan for Employees (Toll Brothers Inc), Stock Incentive Plan for Employees (Toll Brothers Inc)

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Vesting Upon Change of Control. Notwithstanding any of the provisions of Section 2, Xxxxxxx’s rights under this RSU shall become fully vested and Grantee shall be entitled to receipt of the Shares represented by this RSU in the event there is a Change of Control while Xxxxxxx is employed by[, or a member of the Board of, ,] the Company.

Appears in 1 contract

Samples: Stock Incentive Plan for Employees (Toll Brothers Inc)

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Vesting Upon Change of Control. Notwithstanding any of the provisions of Section 2, Xxxxxxx’s rights under this RSU shall become fully vested and Grantee shall be entitled to receipt of the Shares represented by this RSU in the event there is a Change of Control while Xxxxxxx is employed by, or a member of the Board of, by the Company.

Appears in 1 contract

Samples: Stock Incentive Plan for Employees (Toll Brothers Inc)

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