Example ContractsClauseseffect of non assumption in a change in controlIdentical
Effect of Non Assumption in a Change in Control
Effect of Non Assumption in a Change in Control contract clause examples

Change in Control. Notwithstanding the provisions of Section 3(a), in the event of a Change in Control, if the Awards are not assumed or replaced with awards of substantially equal value by the acquiring entity in such a Change in Control and/or cease to remain outstanding immediately following the Change in Control, all of the Restricted Stock Units subject to a Participant’s Award will become fully vested as of the date immediately preceding such Change in Control, provided the Participant has remained continuously employed by the Company or a Related Company through such date. After a Change in Control, references to the “Company” as they relate to the Award shall refer to the successor entity.

Source document
BRINKER INTERNATIONAL, INC (EAT) (CIK 0000703351)
Source: SEC EDGAR database • Date: October 28, 2020 • SIC: 5812 • CIK: 5812
BRINKER INTERNATIONAL, INC (EAT) (CIK 0000703351)
Source: SEC EDGAR database • Date: August 21, 2024 • SIC: 5812 • CIK: 5812

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