Acceleration Upon a Change of Control of Company. Notwithstanding the provisions of paragraph 2 above, if a Change of Control occurs at or within eighteen (18) months following the date of this Award Agreement, 50% of the total Performance Equivalents granted will immediately vest and convert into shares of Common Stock. If the Change of Control occurs more than eighteen (18) months following the date of this Award Agreement, but before the Vesting/Payment Date, the Performance Equivalents which will immediately vest and convert into Common Stock will be the greater of:
Appears in 5 contracts
Samples: Performance Restricted Stock Equivalent Award Agreement (Energizer Holdings Inc), Performance Restricted Stock Equivalent Award Agreement (Energizer Holdings Inc), Performance Restricted Stock Equivalent Award Agreement (Energizer Holdings Inc)
