Example ContractsClausesEffect of Non Assumption in a Change in Control
Effect of Non Assumption in a Change in Control
Effect of Non Assumption in a Change in Control contract clause examples

Effect of Change in Control. In the event a Change in Control occurs prior to the Shares becoming nonforfeitable as provided in Section 3 above and while you are a NonEmployee Director, the Shares covered by this Agreement will become nonforfeitable.

Effect of Change in Control. If a Change in Control occurs prior to the end of a Period of Restriction for the RSUs, and the Grantee experiences an Involuntary Separation from Service other than a Termination for Cause during the 365-day period following the date of such Change in Control, then the Period of Restriction for any non-vested RSUs shall end on the date of the

Effect of Change in Control. Unless otherwise determined by the Committee in connection with the grant and expressly set forth in the Award Agreement, in the event of a Change in Control of the Company:

Effect of Change in Control. In the event of a Change in Control, to the extent not previously Vested, Your Award shall Vest in full. In the event that the Change in Control is determined NOT to be achange in control,” as defined under Section 409A of the Internal Revenue Code of 1986, as amended (“[Section 409A]”), the Distribution Date shall be the date elected as a Distribution Date made under Section VI of the Plan.

Effect of Change in Control. The following provisions shall apply if a Change in Control (as defined in Section 3(d)) occurs while Units remain outstanding pursuant to this Award.

Effect of Change in Control. In the event a Change in Control occurs prior to the RSUs becoming vested as provided in Section 2 above and while you are an employee of Gentex or any Subsidiary, the RSUs covered by this Agreement will become vested to the extent set forth in the Plan.

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.

Upon the occurrence of a “Change in Control,” as defined in Section 9(b), any restrictions, deferral of settlement, and forfeiture conditions applicable to an Award shall lapse, and any performance goals and conditions applicable to an Award shall be deemed to have been met, as of the time of the Change in Control.

Effect of Change in Control. The Committee may determine, at the time of granting an Option or thereafter, that such Option (and any SARs included therein) shall become fully exercisable as to all Common Shares subject to such Option in the event thatif a Change in Control occurs. If the Committee finds that there is a reasonable possibility that, within the next six months, a Change in Control will occur with respect to the Company, then the Committee may determine that all outstanding Options (and any SARs included therein) shall become fully exercisable as to all Common Shares subject to such Options.

Effect of a Change in Control. Notwithstanding anything herein to the contrary (with the exception of [Sec. 6(h)]), the provisions of this Section 12 shall apply in the case of a Change in Control of the Company, unless otherwise provided by the Committee in the Agreement and as supplemented by Section 14.

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