Effect of Change in Control on Restricted Stock Units. In the event of a Change in Control, all Restricted Stock Units shall become fully vested immediately prior to the Change in Control if the Participant is then a Director, an Employee or a Consultant. For purposes of this Agreement, “Change in Control” shall have the same meaning set forth in Section 11.3 of the Plan, except that it shall also include the occurrence of any other event that the Board determines by an approved resolution constitutes a Change in Control.
Appears in 8 contracts
Samples: Restricted Stock Unit Grant Agreement (Arena Pharmaceuticals Inc), Restricted Stock Unit Grant Agreement (Arena Pharmaceuticals Inc), Restricted Stock Unit Grant Agreement (Arena Pharmaceuticals Inc)
