A Change in Control. In the event of a Change in Control, if you involuntarily forfeit your current position or if you will be employed at a significantly lower salary, all Stock Awards will become fully exercisable. In addition, all Stock Awards may become fully exercisable pursuant to Sections 18 (a) and 18(b) of the Plan. A “Change in Control” will be deemed to have occurred as provided in Section 2(b) of the Plan.
Appears in 2 contracts
Sources: Stock Award Agreement (Castle Creek Capital Partners VI, LP), Stock Award Agreement (Bancorp, Inc.)