Immediate Vesting Caused by an Extraordinary Event. If an Extraordinary Event (as defined by Section 6.06(d) of the Plan) occurs during the Restricted Period, and prior to the date of any forfeiture and cancellation of your Award, then all of the Vesting Dates of your Award shall be deemed to have been accelerated to the date of the Extraordinary Event, and your Award (including the Restricted Stock and the LTI Cash Right) shall be deemed fully non-restricted and non-forfeitable as of such date. In the event that the vesting of your Award is accelerated as a result of an Extraordinary Event, any portion of such Award that represents your LTI Cash Right will be paid to you within thirty (30) days of the occurrence of such Extraordinary Event.
Appears in 4 contracts
Sources: Lti Restricted Stock Award Agreement (German American Bancorp, Inc.), Lti Restricted Stock Award Agreement (German American Bancorp, Inc.), Lti Restricted Stock Award Agreement (German American Bancorp, Inc.)
Immediate Vesting Caused by an Extraordinary Event. If an Extraordinary Event (as defined by Section 6.06(d) of the Equity Plan) occurs during the Restricted Period, and prior to the date of any forfeiture and cancellation of your the Award, then all of the Vesting Dates of your the Award shall be deemed to have been accelerated to the date of the Extraordinary Event, and your the Award (including the Restricted Stock and the LTI Cash Right) shall be deemed fully non-restricted and non-forfeitable as of such date. In the event that the vesting of your the Award is accelerated as a result of an Extraordinary Event, any portion of such Award that represents your the LTI Cash Right will be paid to you Participant within thirty (30) days of the occurrence of such Extraordinary Event.
Appears in 2 contracts
Sources: Management Long Term Incentive Plan Award Agreement (German American Bancorp, Inc.), Management Long Term Incentive Plan Award Agreement (German American Bancorp, Inc.)