Effect on Equity Awards. Notwithstanding any provision of this Article X, and except as otherwise provided in Article III, RemainCo shall remain responsible for administering and settling the RemainCo Equity Compensation Awards, and SpinCo shall remain responsible for administering and settling the SpinCo Equity Compensation Awards. Any provision in a retention agreement described in Schedule 10.1(a) or 10.1(b) which provides for the accelerated vesting of equity awards shall apply in accordance with its terms to RemainCo Equity Compensation Awards and SpinCo Equity Compensation Awards on and after the Employee Transfer Date.
Appears in 3 contracts
Samples: Employee Matters Agreement (Babcock & Wilcox Enterprises, Inc.), Employee Matters Agreement (Babcock & Wilcox Co), Employee Matters Agreement (Babcock & Wilcox Enterprises, Inc.)
Effect on Equity Awards. Notwithstanding any provision of this Article X, and except as otherwise provided in Article III, RemainCo shall remain responsible for administering and settling the RemainCo Equity Compensation Awards, and SpinCo shall remain responsible for administering and settling the SpinCo Equity Compensation Awards. Any provision in a an employment, severance, change-in-control, retention agreement and similar agreements described in Schedule 10.1(a) or 10.1(b) which provides for the accelerated vesting of equity awards shall apply in accordance with its terms to RemainCo Equity Compensation Awards and SpinCo Equity Compensation Awards on and after the Employee Transfer Date.
Appears in 2 contracts
Samples: Employee Matters Agreement (Aaron's Company, Inc.), Employee Matters Agreement (Aaron's SpinCo, Inc.)
