Effect of Change in Control. In the event of a Change in Control (as defined in the Plan), the Restriction Period shall lapse, and the Units shall be free of all restrictions and become fully vested and transferable to the full extent of the original grant.
Effect of Change in Control. InUpon the event of a Change in Control (as such term is defined in the Plan), of the Restriction PeriodCompany, all Restrictions upon the Target Award Amount shall lapse,lapse and thesuch Units shall be free of all restrictions and become fully vested and transferable to the full extent of the original grant.immediately vest.
AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.
And AllDrafts generates clean Word and PDF files from any draft.