Common use of Divestiture of Business Unit Clause in Contracts

Divestiture of Business Unit. Notwithstanding any other provision of the Agreement or these Terms and Conditions to the contrary, if the Company Group divests its ownership of a business unit of the Company or one or more Affiliates (a “Unit”) and your employment with the Company Group terminates in connection with such divestiture (other than for Cause or death or due to your becoming permanently disabled within the meaning of Section 1.4), the Forfeiture Restrictions shall lapse at the time specified below as to that number of Restricted Stock Units that are then subject to Forfeiture Restrictions on the date of the termination of your employment relationship with the Company Group equal to:

Appears in 3 contracts

Samples: Hughes Incorporated Restricted Stock Unit Award Agreement (Baker Hughes Inc), Hughes Incorporated Restricted Stock Unit Award Agreement (Baker Hughes Inc), Restricted Stock Unit Award Agreement (Baker Hughes Inc)

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Divestiture of Business Unit. Notwithstanding any other provision of the Agreement or these Terms and Conditions to the contrary, if the Company Group divests its ownership of a business unit of the Company or one or more Affiliates (a “Unit”) and your employment with the Company Group terminates Termination of Employment in connection with such divestiture (other than for Cause or death or due to your becoming permanently disabled within the meaning of Section 1.4), the Forfeiture Restrictions shall will lapse at the time specified below as to that number of Restricted Stock Units that are then subject to Forfeiture Restrictions on the date of the termination your Termination of your employment relationship with the Company Group Employment equal to:

Appears in 3 contracts

Samples: Restricted Stock Unit Award Agreement (Baker Hughes Inc), Restricted Stock Unit Award Agreement (Baker Hughes Inc), Restricted Stock Unit Award Agreement (Baker Hughes Inc)

Divestiture of Business Unit. Notwithstanding any other provision of the Agreement or these Terms and Conditions to the contrary, if the Company Group divests its ownership of a business unit of the Company or one or more Affiliates (a “Unit”) and your employment with the Company Group terminates you incur a Termination of Employment in connection with such divestiture (other than for Cause or death or due to your becoming permanently disabled within the meaning of Section 1.4), the Forfeiture Restrictions shall will lapse at the time specified below as to that number of Restricted Stock Units that are then subject to Forfeiture Restrictions on the date of the termination your Termination of your employment relationship with the Company Group Employment equal to:

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement (Baker Hughes Inc), Restricted Stock Unit Award Agreement (Baker Hughes Inc)

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Divestiture of Business Unit. Notwithstanding any other provision of the Agreement or these Terms and Conditions to the contrary, if the Company Group divests its ownership of a business unit of the Company or one or more Affiliates (a “Unit”) and your employment with the Company Group terminates in connection with such divestiture (other than for Cause or death or due to your becoming permanently disabled within the meaning of Section 1.4), the Forfeiture Restrictions shall immediately lapse at the time specified below as to that number of Shares of Restricted Stock Units that are then subject to Forfeiture Restrictions on the date of the termination of your employment relationship with the Company Group equal to:

Appears in 2 contracts

Samples: Incorporated Restricted Stock Award Agreement (Baker Hughes Inc), Incorporated Restricted Stock Award Agreement (Baker Hughes Inc)

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