Acceleration of Vesting Upon Termination Sample Clauses
The "Acceleration of Vesting Upon Termination" clause provides that an employee’s unvested equity, such as stock options or restricted stock units, will become fully or partially vested if their employment ends under certain conditions, like being laid off without cause or following a company acquisition. For example, if an employee is terminated without cause, the clause may allow all or a portion of their remaining unvested shares to vest immediately, rather than according to the original schedule. This clause primarily protects employees by ensuring they are not unfairly deprived of earned equity due to circumstances beyond their control, and it can also serve as an incentive for retention during critical company events.
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Acceleration of Vesting Upon Termination. [Notwithstanding any other term or provision of this Agreement, in the event that the Recipient’s Continuous Service is terminated either by the Company without Cause or by the Recipient for Good Reason, the shares of Restricted Stock subject to this Agreement shall become immediately vested as of the date of the termination of the Recipient’s Continuous Service.]
Acceleration of Vesting Upon Termination. Notwithstanding any other term or provision of this Agreement, in the event the Grantee ceases to be continuously employed by the Company or a Subsidiary either due to a termination by the Company without Cause or by the Grantee for Good Reason during the eighteen (18) month period immediately following a Change in Control, all Non-Vested MSUs subject to this Agreement shall become immediately Vested MSUs as of the date of the Grantee’s termination of employment.
Acceleration of Vesting Upon Termination. Notwithstanding any other provision in this Agreement and except as otherwise provided in Section 2(g), in the event that the Recipient’s Continuous Service is terminated prior to the Vesting Date either by the Company or any Related Entity without Cause or by the Recipient for Good Reason, a portion of the RSUs equal to (i) the number of full months of Continuous Service following the Date of Grant through the date of termination, divided by (ii) the total number of months between the Date of Grant and the Vesting Date, shall become vested as of the Vesting Date, provided that the Performance Goals described herein are attained during the Performance Period. The Percentage Payable per RSU shall be the percentage, if any, determined and certified by the Committee pursuant to Section 2(a) above.
Acceleration of Vesting Upon Termination. In the event that the Participant’s Continuous Service is terminated either by the Company without Justifiable Cause or by the Participant for Good Reason, the RSUs subject to this Agreement shall vest in accordance with Sections 7(a)(ii)(C) and 7(b)(ii)(C) of the LTIP, and Shares equal to the number of such Vested RSUs, if any, shall be delivered, subject to any requirements under this Agreement, to the Participant. Notwithstanding the foregoing, in the event that a Change in Control of the Company occurs and within 6 months before or 18 months after the Change in Control, the Participant’s Continuous Service is terminated by the Company or any Related Entity without Justifiable Cause or by the Participant for Good Reason, the provisions of Section 10(a) of the 2016 Plan shall apply.
Acceleration of Vesting Upon Termination. Notwithstanding any other term or provision of this Agreement, in the event that the Participant’s Continuous Service is terminated either by the Company without Good Cause or by the Participant for Good Reason during the eighteen (18) month period immediately following a Change in Control, all Non-Vested Deferred Stock Units subject to this Agreement shall become immediately vested as of the date of the termination of the Participant’s Continuous Service.
Acceleration of Vesting Upon Termination. Notwithstanding Section 2(a), any unvested RSUs subject to this Agreement shall vest as follows:
(i) Upon termination of Continuous Service, on a Prorated Basis, in the event of a termination by the Company or any Related Entity without Justifiable Cause or by the Participant for Good Reason, provided that for purposes of Section 2(b)(i), a “Prorated Basis” means the total number of RSUs granted multiplied by the following fraction: the number of days from the Date of Grant divided by the number of days between the Date of Grant and October 7, 2025, less any RSUs that have already vested or
(ii) Upon termination of Continuous Service, in full, in the event of (A) a termination by the Company or any Related Entity without Justifiable Cause, (B) termination by the Participant for Good Reason, or (C) death or termination by the Company for Disability, if such termination event occurs within the 18-month period immediately following a Change in Control. Additionally, in the event the Participant becomes partially vested and forfeits RSUs pursuant to Section 2(b)(i) and a Change in Control occurs within the 6-month period immediately following the termination by the Company without Justifiable Cause or by the Participant for Good Reason, the Participant shall be paid an amount equal to the value of the RSUs that were forfeited upon his termination (including the value of any Dividend Equivalents that would have been awarded through the date of the Change in Control if the Participant had remained in Continuous Service through the date of the Change in Control), if any, calculated on the date immediately prior to the Change in Control and such payment, less lawful withholdings, shall be made in cash on the first payroll date following the six-month anniversary of the date of termination.
Acceleration of Vesting Upon Termination. In the event the Recipient’s Continuous Service is terminated without Cause by the Company or any Related Entity or by such successor company or by the Recipient for Good Reason within 24 months following a Change in Control and the Shares subject to the RSUs subject to this Agreement did not vest pursuant to Section 2(d) hereof, the Shares subject to the RSUs subject to this Agreement shall be immediately vested as of the date of such termination of Continuous Service.
Acceleration of Vesting Upon Termination. If, in the event of a Change in Control and the vesting of the Shares subject to the RSUs subject to this Agreement are not accelerated under Section 2(b), the Shares subject to the RSUs subject to this Agreement shall become fully exercisable in the event that the Recipient’s employment is terminated without Cause by the Company or any Related Entity or by such successor company or by the Recipient for Good Reason within 24 months following such Change in Control.]
Acceleration of Vesting Upon Termination. Nothing in this Agreement shall amend or waive any acceleration of vesting of Unvested Stock or options currently provided under the Executive’s current employment agreement with the Company, which provides for acceleration of vesting of Unvested Stock and options upon termination of the Executive’s employment under certain circumstances detailed therein.
Acceleration of Vesting Upon Termination. Provided Purchaser continues to provide services to the Company or any Subsidiary or Parent of the Company until such events set forth below, the following accelerated vesting schedules shall apply.