Acceleration of Vesting Date. In the event a Change in Control, subject to Section 7, has occurred on any date while RSUs are outstanding hereunder, (A) the Award will vest in full upon the earliest of (i) the Vesting Date with respect to each portion of the Award, (ii) the Participant’s Retirement and (iii) the termination of the Participant’s Employment by the Company or any of its Affiliates (I) by the Company other than for Cause (unless such termination is due to death or Disability) or (II) by the Participant for Good Reason and (B) Shares subject to the RSUs shall be issued or transferred to the Participant, as soon as practicable, but in no event later than 60 days following such Vesting Date, along with the Retained Distributions related thereto.
Appears in 2 contracts
Sources: Special Retention Rsu Agreement (Time Warner Inc.), Special Retention Restricted Stock Units Agreement (Time Warner Inc.)