Common use of Acceleration of Vesting Upon Change in Control Clause in Contracts

Acceleration of Vesting Upon Change in Control. In the event that a Change in Control of the Company occurs during the Recipient's Continuous Service, except as provided in Section 3 hereof, the Shares subject to the RSUs subject to this Agreement shall become immediately vested as of the date of the Change in Control (the “Change in Control Vesting Date”), unless either (i) the Company is the surviving entity in the Change in Control and the RSUs continue to be outstanding after the Change in Control on substantially the same terms and conditions as were applicable immediately prior to the Change in Control or (ii) the successor company or its parent company assumes or substitutes for the RSUs, as determined in accordance with Section 10(c)(ii) of the Plan.

Appears in 3 contracts

Samples: Restricted Stock Unit Award Agreement (Element Solutions Inc), Restricted Stock Unit Agreement (Platform Specialty Products Corp), Restricted Stock Unit Agreement (Platform Specialty Products Corp)

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Acceleration of Vesting Upon Change in Control. In the event that a Change in Control of the Company occurs during the Recipient's ’s Continuous Service, except as provided in Section 3 hereof, the Shares subject to the RSUs subject to this Agreement shall become immediately vested as of the date of the Change in Control (the “Change in Control Vesting Date”), unless either (i) the Company is the surviving entity in the Change in Control and the RSUs continue to be outstanding after the Change in Control on substantially the same terms and conditions as were applicable immediately prior to the Change in Control or (ii) the successor company or its parent company assumes or substitutes for the RSUs, as determined in accordance with Section 10(c)(ii) of the Plan.

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (Hope Bancorp Inc), Restricted Stock Unit Agreement (Hope Bancorp Inc)

Acceleration of Vesting Upon Change in Control. [In the event that a Change in Control of the Company occurs during the Recipient's ’s Continuous Service, except as provided in Section 3 hereof, the Shares subject to the RSUs subject to this Agreement shall become immediately vested as of the date of the Change in Control (the “Change in Control Vesting Date”), unless either (i) the Company is the surviving entity in the Change in Control and the RSUs continue to be outstanding after the Change in Control on substantially the same terms and conditions as were applicable immediately prior to the Change in Control or (ii) the successor company or its parent company assumes or substitutes for the RSUs, as determined in accordance with Section 10(c)(ii) of the Plan.

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (Hope Bancorp Inc), Restricted Stock Unit Agreement (Hope Bancorp Inc)

Acceleration of Vesting Upon Change in Control. In the event that a Change in Control of the Company occurs during the Recipient's Continuous Servicecontinuous service, except as provided in Section 3 hereof, the Shares subject to the RSUs subject to under this Agreement shall become immediately vested as of the date of the Change in Control (the “Change in Control Vesting Date”), unless either (i) the Company is the surviving entity in the Change in Control and the RSUs continue to be outstanding after the Change in Control on substantially the same terms and conditions as were applicable immediately prior to the Change in Control or (ii) the successor company or its parent company assumes or substitutes for the RSUs, as determined in accordance with Section 10(c)(ii) of the Plan.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Platform Specialty Products Corp)

Acceleration of Vesting Upon Change in Control. [In the event that a Change in Control of the Company occurs during the Recipient's Continuous Service, except as provided in Section 3 hereof, the Shares subject to the RSUs subject to this Agreement shall become immediately vested as of the date of the Change in Control (the “Change in Control Vesting Date”)Control, unless either (i) the Company is the surviving entity in the Change in Control and the RSUs continue to be outstanding after the Change in Control on substantially the same terms and conditions as were applicable immediately prior to the Change in Control or (ii) the successor company or its parent company assumes or substitutes for the RSUs, as determined in accordance with Section 10(c)(ii) of the Plan.]

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Quest Resource Holding Corp)

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Acceleration of Vesting Upon Change in Control. [In the event that a Change in Control of the Company occurs during the Recipient's ’s Continuous Service, except as provided in Section 3 hereof, the Shares subject to the RSUs subject to this Agreement shall become immediately vested as of the date of the Change in Control (the “Change in Control Vesting Date”)Control, unless either (i) the Company is the surviving entity in the Change in Control and the RSUs continue to be outstanding after the Change in Control on substantially the same terms and conditions as were applicable immediately prior to the Change in Control or (ii) the successor company or its parent company assumes or substitutes for the RSUs, as determined in accordance with Section 10(c)(ii) of the Plan.]

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Nuvola, Inc.)

Acceleration of Vesting Upon Change in Control. In the event that a Change in Control of the Company Corporation occurs during the Recipient's Continuous Service, except ’s Employment or if the Recipient’s employment is terminated by the Corporation without “Cause” (as provided defined in Section 3 hereofRecipient’s employment agreement) within one (1) year of the date of closing of such transaction, the Shares subject to the RSUs subject to this Agreement shall become immediately vested as of the date of the Change in Control (the “Change in Control Vesting Date”), unless either (i) the Company Corporation is the surviving entity in the Change in Control and the RSUs continue to be outstanding after the Change in Control on substantially the same terms and conditions as were applicable immediately prior to the Change in Control or (ii) the successor company or its parent company assumes or substitutes for the RSUs, as determined in accordance with Section 10(c)(ii) 5.3 of the Plan.

Appears in 1 contract

Samples: Incentive Stock Option Agreement (VBI Vaccines Inc/Bc)

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