Change in Control Acceleration. In the event of a Change in Control without a Qualifying Termination, the vesting of each of Executive’s Company Equity Awards granted prior to the Agreement Date will accelerate as to 25% of any then-unvested shares subject to each such award as of immediately prior to the Change in Control subject to Executive’s continued employment through the Change in Control; provided, however, that with respect to Performance Awards, the determination of any applicable performance criteria upon a Change in Control will be determined as set forth in the applicable performance-based equity award prior to giving effect to this accelerated vesting. Unless otherwise provided in writing by the Board or the Committee, the “single trigger” acceleration provided under this Section 4 shall not apply to any Company Equity Award granted on or following the Agreement Date.
Appears in 10 contracts
Samples: Severance and Change in Control Agreement (Docusign, Inc.), Executive Severance and Change in Control Agreement (Docusign, Inc.), Executive Severance and Change in Control Agreement (Docusign, Inc.)
