Impact of a Change of Control. If a Change of Control occurs, all unvested Awarded Shares will immediately and fully vest, but shall remain subject to the restrictions on transferability set forth in Section 2 of this Agreement until your service as a member of the Board of Directors of the Company has terminated. For purposes of this Agreement, a “Change of Control” shall mean the first of the following events to occur:
Appears in 2 contracts
Sources: Restricted Stock Award Agreement (Ceridian Corp /De/), Restricted Stock Award Agreement (Ceridian Corp /De/)