Common use of Accelerated Vesting/Change in Control Clause in Contracts

Accelerated Vesting/Change in Control. (a) Should Participant’s Service terminate by reason of his or her Retirement, death or Permanent Disability prior to the scheduled vesting date for the Shares set forth in Paragraph 1, then Participant shall immediately vest in the number of Shares in which Participant would have been vested at the time of such termination had the Shares subject to this Award vested in a series of thirty-six (36) successive equal monthly installments over the duration of the three (3)-year vesting schedule set forth in Paragraph 1.

Appears in 5 contracts

Samples: Koppers Holdings Inc., Koppers Holdings Inc., Koppers Holdings Inc.

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Accelerated Vesting/Change in Control. (a) Should Participant’s Service terminate by reason of his or her Retirement, death or Permanent Disability prior to the scheduled final vesting date for the Shares set forth in Paragraph 1, then Participant shall immediately vest in the a prorated additional number of Shares in which Participant would have been vested at the time of such termination had 100% of the Shares subject that were scheduled to this Award be vested on December 31, 2018, instead vested in a series of thirty-six ten (3610) successive equal monthly installments over the duration of the three ten (3)-year vesting schedule set forth in Paragraph 110) month period preceding December 31, 2018.

Appears in 1 contract

Samples: Koppers Holdings Inc.

Accelerated Vesting/Change in Control. (a) Should Participant’s Service terminate by reason of his or her Retirement, death or Permanent Disability prior to the scheduled final vesting date for the Shares set forth in Paragraph 1, then Participant shall immediately vest in the number of Shares (if any) in which Participant would have been vested at the time of such termination had the Shares subject to this Award vested in a series of thirty-six twelve (3612) successive equal monthly installments over the duration of the three twelve (3)-year vesting schedule set forth in Paragraph 112) month period following such Award Date.

Appears in 1 contract

Samples: Koppers Holdings Inc.

Accelerated Vesting/Change in Control. (a) Should Participant’s Service terminate by reason of his or her Retirement, death or Permanent Disability prior to the scheduled final vesting date for the Shares set forth in Paragraph 1, then Participant shall immediately vest in the additional number of Shares (if any) in which Participant would have been vested at the time of such termination had 25% of the Shares subject that were scheduled to this Award be vested on the next applicable vesting date instead vested in a series of thirty-six twelve (3612) successive equal monthly installments over the duration of the three twelve (3)-year 12) month period preceding such vesting schedule set forth in Paragraph 1date.

Appears in 1 contract

Samples: Koppers Holdings Inc.

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Accelerated Vesting/Change in Control. (a) Should Participant’s Service terminate by reason of his or her Retirement, death or Permanent Disability prior to the scheduled final vesting date for the Shares set forth in Paragraph 1, then Participant shall immediately vest in the additional number of Shares (if any) in which Participant would have been vested at the time of such termination had 100% of the Shares subject that were scheduled to this Award be vested on December 31, 2020 instead vested in a series of thirty-six ten (3610) successive equal monthly installments over the duration of the three ten (3)-year vesting schedule set forth in Paragraph 110) month period preceding December 31, 2020.

Appears in 1 contract

Samples: Koppers Holdings Inc.

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