Continued Vesting. If, during the CEO Transition Period, your Termination Date occurs by reason of a Termination without Cause or a Separation for Good Reason, then any RSUs awarded under Section 1.1 that would otherwise be scheduled to vest under Section 1.2 shall continue to vest according to the vesting schedule in effect prior to such Termination Date; provided, however, that you timely execute and deliver (and do not revoke) a release in the form and manner prescribed by the Company and adhere to the restrictive covenants contained therein. The required release will, among other things, include restrictive covenants relating to confidentiality, inventions, non-solicitation of employees and customers, non-competition, and non-disparagement. If you violate any of the restrictive covenants contained in the release, the continued vesting described in this Section 1.6 will cease to apply. For the avoidance of doubt, the special rules under this Section 1.6 will not apply if your Termination Date occurs after the expiration of the CEO Transition Period.
Appears in 1 contract
Sources: Restricted Stock Unit Award Agreement (PERRIGO Co PLC)
Continued Vesting. If, during the CEO Transition Period, your Termination Date occurs by reason of a Termination without Cause or a Separation for Good Reason, then any RSUs the Performance Restricted Stock Units awarded under Section 1.1 that would otherwise shall vest or be scheduled to vest under Section 1.2 shall continue to vest according to forfeited as of the vesting schedule in effect prior to such Termination PRSU Vesting Date, depending on the attainment of Performance Goals; provided, however, that you timely execute and deliver (and do not revoke) a release in the form and manner prescribed by the Company and adhere to the restrictive covenants contained therein. The required release will, among other things, include restrictive covenants relating to confidentiality, inventions, non-solicitation of employees and customers, non-competition, and non-disparagement. If you violate any of the restrictive covenants contained in the release, the continued vesting described in this Section 1.6 will cease to apply. For the avoidance of doubt, the special rules under this Section 1.6 will not apply if your Termination Date occurs after the expiration of the CEO Transition Period.
Appears in 1 contract
Sources: Restricted Stock Unit Award Agreement (PERRIGO Co PLC)
Continued Vesting. If, during the CEO Transition Period, your Termination Date occurs by reason of a Termination without Cause or a Separation for Good Reason, then any RSUs the PRSUs awarded under Section 1.1 that would otherwise shall vest or be scheduled to vest under Section 1.2 shall continue to vest according to forfeited as of the vesting schedule in effect prior to such Termination PRSU Vesting Date, depending on the attainment of Performance Goals; provided, however, that you timely execute and deliver (and do not revoke) a release in the form and manner prescribed by the Company and adhere to the restrictive covenants contained therein. The required release will, among other things, include restrictive covenants relating to confidentiality, inventions, non-solicitation of employees and customers, non-competition, and non-disparagement. If you violate any of the restrictive covenants contained in the release, the continued vesting described in this Section 1.6 will cease to apply. For the avoidance of doubt, the special rules under this Section 1.6 will not apply if your Termination Date occurs after the expiration of the CEO Transition Period.
Appears in 1 contract
Sources: Restricted Stock Unit Award Agreement (PERRIGO Co PLC)