Common use of Accelerated Vesting Upon Termination Clause in Contracts

Accelerated Vesting Upon Termination. Notwithstanding the foregoing, 100% of the PSUs set forth in the Grant Notice will accelerate and vest upon the occurrence of a Qualifying Termination Event (as defined below) A “Qualifying Termination Event” is any of the following events:

Appears in 2 contracts

Sources: Performance Stock Unit Agreement (ONESPAWORLD HOLDINGS LTD), Performance Stock Unit Agreement (ONESPAWORLD HOLDINGS LTD)

Accelerated Vesting Upon Termination. Notwithstanding the foregoing, 100% of the PSUs set forth in the Grant Notice will accelerate and vest upon the occurrence of a Qualifying Termination Event (as defined below) A ). For purposes of this PSU Agreement, a “Qualifying Termination Event” is any of the following events:

Appears in 1 contract

Sources: Performance Stock Unit Agreement (ONESPAWORLD HOLDINGS LTD)