Accelerated Vesting of Restricted Stock Units Sample Clauses

Accelerated Vesting of Restricted Stock Units. 3.1 As provided in Section 7.2 of the Plan, if a Change in Control shall be deemed to have occurred, any unvested Restricted Stock Units held by Participant shall become fully vested if the Administrator (as defined in the Plan) has not made appropriate provisions for the substitution, assumption, exchange or other continuation of the Restricted Stock Units pursuant to the Change in Control; provided that even if the Administrator has made appropriate provisions for the substitution, assumption, exchange or other continuation of the Restricted Stock Units pursuant to the Change in Control, any unvested Restricted Stock Units held by Participant may become fully vested in the discretion of the Administrator. 3.2 Notwithstanding Section 1.4 above, if Participant’s Continuous Service is terminated prior to the vesting of the Restricted Stock Units as a result of Participant’s death, Disability, or Retirement, then the Committee, in its sole discretion, may, but need not, accelerate in full or in part any then-unvested Restricted Stock Units; provided, however, that in no event shall accelerated vesting occur in the event the 162(m) Performance Goal is not achieved. 3.3 For purposes of this Award Agreement:

Accelerated Vesting of Restricted Stock Units. (a) As provided in Section 5.3 of the Plan, if a Change in Control occurs, any unvested Restricted Stock Units held by Grantee will become fully vested. However, if Grantee is designated on the Company’s payroll records as a Tier 1 or Tier 2 executive or above, or an executive officer, on the date of the Change in Control no Restricted Stock Units will vest solely on account of a Change in Control unless ▇▇▇▇▇▇▇’s employment with the Company is terminated without Cause (as defined below) within the two-year period following such Change in Control. (b) For purposes of this Agreement, “Cause” means that Grantee:

Accelerated Vesting of Restricted Stock Units. RSUs may vest earlier than the dates shown in the Vesting Schedule, above, as follows:

Accelerated Vesting of Restricted Stock Units. RSUs may vest earlier than the dates shown in the Vesting Schedule, above, as follows: Prorated Vesting for Severance: As of your Severance Date, a fractional portion of your Granted RSUs (and related Dividend Equivalent RSUs) shall vest. The portion of your Granted RSUs (and related Dividend Equivalent RSUs) that vest under this provision is determined as follows: The number of whole months from the Effective Date through the date your employment with AEP Terminates as the direct result of the Triggering Event divided by the number of whole months from the Effective Date until the final Vesting Date specified in the Vesting Schedule, above; Reduced by The cumulative Percentage of Granted Units for which the Vesting Date specified in the Vesting Schedule has passed as of the date your employment with AEP Terminates as the direct result of the Triggering Event. For example, if you would incur a Severance Date on July 10, 2015 in connection with the Termination of your employment on June 30, 2015 as the direct result of a Triggering Event, the fractional percentage of your Granted RSUs would be determined as follows: there are 30 whole months from the Effective Date divided by 40 whole months in the vesting period (30/40 or 75%), reduced by the 66-2/3% of your Granted RSUs that had become vested through June 30, 2015, such that 8-1/3% (75% - 66-2/3%) of your Granted RSUs (along with any additional Dividend Equivalent RSUs related to that portion) would become vested as of your July 10, 2015 Severance Date. RSUs that vest as a result of your severance shall be converted to AEP Common Stock and delivered to you as of your Severance Date in accordance with the section of this award agreement entitled Delivery of Shares of Common Stock, below. Prorated Vesting for Officers who Terminate Due to Mandatory Retirement at Age 65: As of your Mandatory Retirement Date, a fractional portion of your Granted RSUs (and related Dividend Equivalent RSUs) shall vest. The portion of your Granted RSUs (and related Dividend Equivalent RSUs) that vest under this provision is determined as follows: The number of whole months from the Effective Date through your Mandatory Retirement Date divided by the number of whole months from the Effective Date until the final Vesting Date specified in the Vesting Schedule, above; Reduced by The cumulative Percentage of Granted Units for which the Vesting Date specified in the Vesting Schedule has passed as of your Mandatory Retirement Date. Fo...

Accelerated Vesting of Restricted Stock Units. The Company will, as soon as administratively feasible after the effective date of this Agreement, accelerate the vesting of certain of ▇▇. ▇▇▇▇’▇ unvested restricted stock units, remove ▇▇. ▇▇▇▇’▇ continued employment as a condition for vesting under the long-term performance stock units, clarify the termination date for exercising options under the 2007 non-qualified stock option award agreement and deliver the underlying shares as set forth on Exhibit “A” to this Agreement (the “Accelerated Vesting”). ▇▇. ▇▇▇▇ acknowledges that this Accelerated Vesting is not due to ▇▇. ▇▇▇▇ under any agreement or obligation of the Company and is provided solely in exchange for ▇▇. ▇▇▇▇’▇ promises made in this Agreement.

Accelerated Vesting of Restricted Stock Units. (a) As provided in Section 7.3 of the Plan, if the Corporation undergoes a Change in Control Event, any unvested Restricted Stock Units held by Participant will become fully vested. However, if Participant is designated on the Corporation’s payroll records as a Tier 1 or Tier 2 executive or above or an executive officer on the date of the Change in Control Event, no Restricted Stock Units will vest solely on account of a Change in Control Event unless such Participant’s employment with the Corporation is terminated without Cause (as defined below) within the two-year period following such Change in Control Event. (b) For purposes of this Agreement, “Cause” means that Participant:

Accelerated Vesting of Restricted Stock Units. The Performance Units are subject to accelerated vesting in accordance with the terms of the Employee’s Employment Agreement with the Company effective as of January 1, 2015.

Accelerated Vesting of Restricted Stock Units. (a) If a Change in Control occurs, the acquiror or successor company in such Change in Control agrees to provide for the substitution, assumption, exchange or other continuation of this award of Restricted Stock Units, and ▇▇▇▇▇▇▇’s employment with or service to the Company or any Affiliate is terminated by the Company or Affiliate without Cause (as defined below) within the 24-month period following such Change in Control, then any unvested Restricted Stock Units held by Grantee will become fully vested. (b) For purposes of this Award Agreement, “Cause” means that Grantee:

Accelerated Vesting of Restricted Stock Units. As consideration for Overly’s execution and delivery of this Agreement and his agreement to be bound by its terms, WPG agrees to (i) accelerate vesting of the 12,060 Restricted Stock Units (“RSUs”) awarded to Overly pursuant to the Restricted Stock Unit Award Agreement dated as of, 2016 (the “▇▇▇▇ ▇▇▇ Award”), (ii) issue to Overly an aggregate of 22,995 Common Shares of WPG, in full satisfaction of its obligation to issue common shares of WPG upon Overly’s resignation as a director pursuant to the ▇▇▇▇ ▇▇▇ Award and the 10,935 vested RSUs held by Overly, and (iii) $20,000 as a quarterly payment of the annual director fees, which common shares and cash shall be distributed to Overly within fourteen (14) calendar days after the Resignation Date. Overly has an additional 5,296 Common Shares of WPG related to the GRT-WPG merger and conversion of GRT Common Shares into WPG Common Shares in Computershare Trust Company account number C0000304123 that remain his property. Also any vested options in Overly’s Solium account CS-178940-97 may continue to be exercisable in accordance with the WPG 2014 Stock Incentive Plan.