Common use of Certain Termination Clause in Contracts

Certain Termination. In the event of a Service Termination, (i) by the Company without Cause or by the Grantee for Good Reason in connection with or within one (1) year after a Change in Control, (ii) by the Company as a result of or following the Company providing a notice of non-renewal of the Employment Agreement, in accordance with Section 2 of the Employment Agreement, in connection with or within one (1) year after a Change in Control, any unvested portion of the Granted Units shall vest on the Termination Date and the shares of Common Stock to be issued under the vested Granted Units in accordance with Section 4 herein shall be delivered to the Grantee on the applicable Vesting Date.

Appears in 1 contract

Samples: Comverse Technology Inc/Ny/

AutoNDA by SimpleDocs

Certain Termination. In the event of a Service Termination, Termination (i) by the Company without Cause or by the Grantee for Good Reason in connection with or within one (1) year after a Change in Control, Control or (ii) by the Company as a result of or following the Company providing a notice of non-renewal of the Employment Agreement, in accordance with Section 2 of the Employment Agreement, in connection with or within one (1) year after a Change in Control, any unvested portion of the Granted Units shall vest on the Termination Date and the shares of Common Stock to be issued under the vested Granted Units in accordance with Section 4 herein shall be delivered to the Grantee on the applicable Vesting DateDate or such later date as may be determined pursuant to Section 4.

Appears in 1 contract

Samples: Comverse Technology Inc/Ny/

Certain Termination. In the event of a Service Termination, Termination (i) by the Company without Cause or by the Grantee for Good Reason in connection with or within one (1) year after a Change in Control, or (ii) by the Company as a result of or following the Company providing a notice of non-renewal of the Employment Agreement, in accordance with Section 2 of the Employment Agreement, in connection with or within one (1) year after a Change in Control, any unvested portion of the Granted Units shall vest on the Termination Date and the shares of Common Stock to be issued under the vested Granted Units in accordance with Section 4 herein shall be delivered to the Grantee on the applicable Vesting DateDate or such later date as may be determined pursuant to Section 4.

Appears in 1 contract

Samples: Comverse Technology Inc/Ny/

AutoNDA by SimpleDocs

Certain Termination. In the event of a Service Termination, (i) by the Company without Cause or by the Grantee for Good Reason in connection with or within one (1) year after a Change in Control, or (ii) by the Company as a result of or following the Company providing a notice of non-renewal of the Employment Agreement, in accordance with Section 2 of the Employment Agreement, in connection with or within one (1) year after a Change in Control, any unvested portion of the Granted Units shall vest on the Termination Date and the shares of Common Stock to be issued under the vested Granted Units in accordance with Section 4 herein shall be delivered to the Grantee on the applicable Vesting Date.

Appears in 1 contract

Samples: Deferred Stock Award Agreement (Comverse Technology Inc/Ny/)

Time is Money Join Law Insider Premium to draft better contracts faster.