Certain Termination. In the event of a Service Termination, (i) by the Company without Cause, (ii) by the Company by providing a notice of non-renewal in accordance with Section 2 of the Employment Agreement, (iii) by the Grantee for Good Reason, or (iv) resulting from the Grantee’s Disability or death, any unvested portion of the Time Units and Performance Units shall vest on the Termination Date and the shares of Common Stock to be issued under the vested Time Units and Performance Units in accordance with Section 4 herein shall be delivered to the Grantee on the applicable Time Units Vesting Date and Performance Units Vesting Date.
Appears in 2 contracts
Sources: Deferred Stock Award Agreement, Deferred Stock Award Agreement (Comverse Technology Inc/Ny/)