Common use of Change in Control Qualifying Termination Clause in Contracts

Change in Control Qualifying Termination. In the event your Service is terminated due to a Change in Control Qualifying Termination, the Service Vesting Condition will be deemed satisfied on the Release Effective Date, and the total number of PSUs that are eligible to vest will be calculated by reference to actual performance attained during the Performance Period and in all cases subject to and contingent upon the closing of the Change in Control.

Appears in 3 contracts

Sources: Performance Based Restricted Stock Units Agreement (Skyward Specialty Insurance Group, Inc.), Performance Based Restricted Stock Units Agreement (Skyward Specialty Insurance Group, Inc.), Performance Based Restricted Stock Units Agreement (Skyward Specialty Insurance Group, Inc.)