Vesting Acceleration Upon a Change in Control. Notwithstanding the other provisions of this Agreement, in the event of a Change in Control prior to the Vesting Date, all Performance Units shall become fully vested and non-forfeitable as of the date of the Change in Control in an amount equal to the Target Award Amount; provided, however, that if the Change in Control occurs after the end of the Performance Period, the Performance Units shall become fully vested and non-forfeitable in an amount equal to the number of Performance Units actually earned, as determined by the Committee on the Certification Date.
Appears in 5 contracts
Sources: Global Performance Unit Notification and Award Agreement (Acuity Brands Inc), Global Performance Unit Notification and Award Agreement (Acuity Brands Inc), Global Performance Unit Notification and Award Agreement (Acuity Brands Inc)