Vesting on Change of Control Sample Clauses

The "Vesting on Change of Control" clause defines how unvested equity or benefits become fully or partially vested if the company undergoes a change of control, such as a merger or acquisition. Typically, this means that employees or stakeholders who hold stock options or restricted shares will have their remaining unvested interests accelerate and become exercisable immediately upon the triggering event. This clause ensures that key contributors are rewarded and protected in the event of a company sale, preventing them from losing out on potential benefits due to circumstances beyond their control.
Vesting on Change of Control. Upon the occurrence of a Change of Control of Parent (as defined in the Parent’s 2008 Equity Incentive Plan), (i) all LTIP Benefits and Unvested Options, that have not previously been forfeited or paid, shall immediately vest and become due and payable or exercisable, as applicable and (ii) subject to Executive’s Involuntary Termination following the Change of Control, payment of any unpaid Retention Bonus.
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Vesting on Change of Control. In the event there is a Change of Control while Grantee is employed by the Company, ▇▇▇▇▇▇▇’s Award Shares shall immediately become fully vested.
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Vesting on Change of Control. Whether or not ▇▇▇▇▇ terminates this ---------------------------- Contract pursuant to paragraph 5.1.2(b), all stock options and related stock appreciation rights held by ▇▇▇▇▇ shall vest and become exercisable immediately upon a Change of Control, and any plan or company restrictions on shares of stock of VIVRA or on stock units that were awarded to ▇▇▇▇▇ under any plan or arrangement maintained by VIVRA for the benefit of ▇▇▇▇▇ shall lapse upon the occurrence of such an event.
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Vesting on Change of Control. In the event there is a Change of Control while ▇▇▇▇▇▇▇ is serving as a member of the Board, ▇▇▇▇▇▇▇’s Award Shares shall immediately become fully vested.
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Vesting on Change of Control. If a Change of Control occurs during the Performance Period and the Grantee’s Termination of Service has not occurred prior to such Change of Control, then: (a) The last day of the Performance Period shall be deemed to be the date of the Change of Control for all purposes under this Agreement; (b) The number of PSUs becoming vested pursuant to this Paragraph 4 on the date of such Change of Control shall be equal to the Target PSUs (adjusted as provided in Sections 13 and 15 of the Plan) multiplied by the Payout Percentage determined under Paragraph 2 (without proration); and (c) No additional PSUs subject to this Agreement shall become vested thereafter.
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Vesting on Change of Control. As discussed, to the extent permitted under applicable law, upon the occurrence of a Change of Control or change in CEO all outstanding unvested stock options granted to you by the Company shall accelerate and vest. Change of Control shall mean a change in the beneficial ownership of 50% or more of the combined voting power of Primal's then outstanding voting securities, excluding a refinancing unless it causes a change in the control of the board of directors.
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Vesting on Change of Control. Vesting of the Initial Option shall accelerate upon a Change in Control (as defined in the Option Agreement).
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Vesting on Change of Control. The following sentence shall be inserted immediately prior to the last sentence in Section 4 of the Employment Agreement: In addition, the options granted as of August 12, 1998 and September 18, 1998 will accelerate and will vest immediately upon a Change in Control of Employer.
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Vesting on Change of Control. As discussed, to the extent permitted under applicable law, upon the occurrence of (i) a Change of Control, (ii) you are terminated without Cause, or (iii) you terminate your employment for Good Reason, all outstanding unvested stock options granted to you by the Company shall accelerate and vest.
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Related to Vesting on Change of Control

  • Change in Control For purposes of this Agreement, a "Change in Control" shall mean any of the following events:

  • Change of Control There occurs any Change of Control; or

  • Termination Apart from Change of Control In the event the Employee’s employment is terminated for any reason, either prior to the occurrence of a Change of Control or after the twelve (12) month period following a Change of Control, then the Employee shall be entitled to receive severance and any other benefits only as may then be established under the Company’s (or any subsidiary’s) then existing severance and benefits plans or pursuant to other written agreements with the Company.

  • Termination on Change of Control 26.12.1 The Supplier shall notify the Authority immediately in writing if the Supplier undergoes a change of control within the meaning of Section 450 of the Corporation Tax Act 2010 ("Change of Control") and provided this does not contravene any Law shall notify the Authority immediately in writing of any circumstances suggesting that a Change of Control is planned or in contemplation. The Authority may terminate this Framework Agreement by giving notice in writing to the Supplier with immediate effect within six (6) Months of: (a) being notified in writing that a Change of Control has occurred; or (b) where no notification has been made, the date that the Authority becomes aware of the Change of Control, if it believes, acting reasonably, that such change is likely to have an adverse effect on the provision of the Services, but it shall not be permitted to terminate this Framework Agreement where an Approval was granted prior to the Change of Control

  • Termination Apart from a Change of Control If the Employee's employment with the Company terminates other than as a result of an Involuntary Termination within the twelve (12) months following a Change of Control, then the Employee shall not be entitled to receive severance or other benefits hereunder, but may be eligible for those benefits (if any) as may then be established under the Company's then existing severance and benefits plans and policies at the time of such termination.