Full Vesting on Change in Control. Notwithstanding subparagraph (a) hereof, this Option shall become fully exercisable as to the Total Award Common Shares, and all Performance Units granted hereunder shall become fully exercisable, immediately preceding any Change in Control with respect to the Company. In the event that the Committee determines that a Change in Control is likely to occur, the Company shall so advise the Optionee, and the provisions of this subparagraph (c) shall take effect as of the date ten (10) days prior to the anticipated date of such Change in Control.
Appears in 2 contracts
Sources: Nonstatutory Stock Option and Performance Unit Agreement (Schwab Charles Corp), Nonstatutory Stock Option and Performance Unit Agreement (Schwab Charles Corp)