CIC Acceleration if Not a Party to a Severance Agreement. If Recipient is not a party to a Change in Control Severance Agreement with the Company, all outstanding RSUs shall immediately vest if a Change in Control (as defined in Section 2.5 below) occurs and at any time after the earlier of Shareholder Approval (as defined in Section 2.6 below), if any, or the Change in Control and on or before the second anniversary of the Change in Control, (a) Recipient’s employment is terminated by the Company (or its successor) without Cause (as defined in Section 2.7 below), or (b) Recipient’s employment is terminated by Recipient for Good Reason (as defined in Section 2.8 below).
Appears in 7 contracts
Samples: Special Retention Restricted Stock Unit Award Agreement (Northwest Natural Gas Co), Special Retention Restricted Stock Unit Award Agreement (Northwest Natural Gas Co), Special Retention Restricted Stock Unit Award Agreement (Northwest Natural Gas Co)
CIC Acceleration if Not a Party to a Severance Agreement. If Recipient is not a party to a Change in Control Severance Agreement with the Company, all outstanding RSUs shall immediately vest if a Change in Control (as defined in Section 2.5 2.6 below) occurs and at any time after the earlier of Shareholder Approval (as defined in Section 2.6 2.7 below), if any, or the Change in Control and on or before the second anniversary of the Change in Control, (a) Recipient’s employment is terminated by the Company (or its successor) without Cause (as defined in Section 2.7 2.8 below), or (b) Recipient’s employment is terminated by Recipient for Good Reason (as defined in Section 2.8 2.9 below).
Appears in 7 contracts
Samples: Restricted Stock Unit Award Agreement, Restricted Stock Unit Award Agreement (Northwest Natural Gas Co), Restricted Stock Unit Award Agreement (Northwest Natural Gas Co)
CIC Acceleration if Not a Party to a Severance Agreement. If Recipient is not a party to a Change in Control Severance Agreement with the Company or a parent or subsidiary of the Company, all outstanding RSUs shall immediately vest if a Change in Control (as defined in Section 2.5 2.6 below) occurs and at any time after the earlier of Shareholder Approval (as defined in Section 2.6 2.7 below), if any, or the Change in Control and on or before the second anniversary of the Change in Control, (a) Recipient’s employment is terminated by the Company Employer (or its successor) without Cause (as defined in Section 2.7 2.8 below), or (b) Recipient’s employment is terminated by Recipient for Good Reason (as defined in Section 2.8 2.9 below).
Appears in 5 contracts
Samples: Restricted Stock Unit Award Agreement (Northwest Natural Gas Co), Restricted Stock Unit Award Agreement (Northwest Natural Gas Co), Restricted Stock Unit Award Agreement (Northwest Natural Gas Co)
