Change in Control of Company. Notwithstanding the provisions of subsections (a) and (b)(i) through (iii), in the event of a Change in Control of the Company, the restrictions on the transfer of all shares of Restricted Stock provided in subsection (a) above will thereupon immediately lapse and all shares of Restricted Stock subject to forfeiture under subsection (b)(i) through (iii) will thereupon become fully vested and nonforfeitable.
Appears in 1 contract
Sources: Restricted Stock Award Agreement (National Bank of Indianapolis Corp)
Change in Control of Company. Notwithstanding the provisions of subsections subparagraphs (a) and (b)(ib) (i) through (iii), in the event of a Change in Control of the Company, (i) the restrictions on the transfer of all shares of Restricted Stock provided in subsection subparagraph (a) above will shall thereupon immediately lapse and (ii) all shares of Restricted Stock subject to forfeiture under subsection subparagraph (b)(ib) (i) through (iii) will shall thereupon become fully vested and nonforfeitable.
Appears in 1 contract
Sources: Restricted Stock Agreement (National Bank of Indianapolis Corp)