Common use of Treatment on a Change in Control Clause in Contracts

Treatment on a Change in Control. Notwithstanding Section 4(a) above, in the event of a Change in Control that occurs prior to the end of the Vesting Period and provided that the Participant is still in Continuous Service on the date of the Change in Control, the RSUs shall Vest (to the extent the RSUs have not previously become Vested or been forfeited) on the date of the Change in Control.

Appears in 3 contracts

Sources: Restricted Shares Units Agreement (Nexpoint Diversified Real Estate Trust), Restricted Share Units Agreement (Nexpoint Diversified Real Estate Trust), Restricted Shares Units Agreement (NexPoint Residential Trust, Inc.)