Common use of Change of Control Vesting Clause in Contracts

Change of Control Vesting. The provisions of Section 19 of the Plan shall apply in the event of a Change of Control of the Company. Vesting of your RSUs upon Termination of Employment for “good reason” following a Change of Control shall also be provided for if specifically provided for in a written employment or severance agreement between you and the Company. In the event your RSUs are vested pursuant to Section 19 of the Plan, subject to the provisions of Paragraphs 7, 8 and 11 of this Agreement, the RSU Shares shall be issued to you as of a date that is thirty (30) days following the effective date of the Change of Control of the Company or the effective date of your Termination of Employment without Cause, as the case may be.

Appears in 5 contracts

Samples: Restricted Stock Unit Award Agreement (Wd 40 Co), Restricted Stock Unit Award Agreement (Wd 40 Co), Restricted Stock Unit Award Agreement (Wd 40 Co)

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