Common use of Acquisition Events Clause in Contracts

Acquisition Events. In the event of an “Acquisition Event” (as defined below), if and only if the average of the high and low prices of the Company’s common stock, as reported on Nasdaq, as of the day prior to the date of closing (the “Closing Date”) is higher than the “Target Stock Price” (as defined below), the Company will be considered to have awarded fully-vested RSUs to Executive in accordance with the following formula (the “Pro Rated Actual Award”): Pro Rated Actual Award = Potential Award X Lapsed Months