Effect on SARs. If a Change in Control occurs and the Participant’s Continuous Service is terminated by the Company without Cause (other than for death or Disability) or by the Participant for Good Reason, in either case, within 12 months following the Change in Control but no earlier than June 6, 2017, 100% of the SARs shall become immediately vested and exercisable.
Appears in 2 contracts
Sources: Restricted Stock Award Agreement (Advanced Emissions Solutions, Inc.), Restricted Stock Award Agreement (Advanced Emissions Solutions, Inc.)
Effect on SARs. [In the event of a Change in Control, notwithstanding any provision of the Plan or this Agreement to the contrary, the SARs shall become immediately vested and exercisable. If a Change in Control occurs and the Participant’s Continuous Service is terminated by the Company without Cause (other than for death or Disability) or by the Participant for Good Reason, in either case, within 12 months following the Change in Control but no earlier than June 6, 2017Control, 100% of the SARs shall become immediately vested and exercisable. Unless otherwise determined by the Committee at the time of a Change in Control, a Change in Control shall have no effect on the SARs.]
Appears in 2 contracts
Sources: Stock Appreciation Rights Agreement (KwikClick, Inc.), Stock Appreciation Rights Agreement (Sigma Labs, Inc.)
Effect on SARs. If a Change in Control occurs and the Participant’s Continuous Service is terminated by the Company without Cause (other than for death or Disability) or by the Participant for Good Reason, in either case, within 12 twelve (12) months following the Change in Control but no earlier than June 6, 2017Control, 100% of the SARs shall become immediately vested and exercisable.
Appears in 1 contract
Sources: Stock Appreciation Rights Agreement (Usana Health Sciences Inc)