Vesting Upon Change of Control. In the event of a “Change of Control” of the Company as defined in this Section, the Restricted Stock subject to the Period of Restriction shall become fully vested at the Target level of performance (as specified in the Award Summary) as of the date of the occurrence of such Change of Control, without regard to the Period of Restriction set forth in Section 4 of this Agreement. A “Change of Control” shall be deemed to have occurred if:
Appears in 3 contracts
Samples: Restricted Stock Agreement, 2002 Stock Compensation Plan (SPX Corp), Stock Compensation Plan (SPX Corp)
Vesting Upon Change of Control. In the event of a “Change of Control” of the Company as defined in this Section, the Restricted Stock subject to the Period of Restriction shall become fully vested at the Target level of performance (as specified in the Award Summary) as of the date of the occurrence consummation of such Change of Control, without regard to the Period of Restriction set forth in Section 4 of this Agreement. A “Change of Control” shall be deemed to have occurred if:
Appears in 1 contract
Samples: Stock Compensation Plan (SPX Corp)
