Common use of Effect on Equity Awards Clause in Contracts

Effect on Equity Awards. Notwithstanding any provision of this Article X, and except as otherwise provided in Article III, ▇▇▇▇▇ NXT, Co. shall remain responsible for administering and settling the Crane NXT, Co. Equity Compensation Awards, and Crane Company shall remain responsible for administering and settling the Crane Company Equity Compensation Awards. Any provision in a Crane NXT, Co. Individual Agreement or Crane Company Individual Agreement, which provides for the accelerated vesting of equity awards shall apply in accordance with its terms to Crane NXT, Co. Equity Compensation Awards and Crane Company Equity Compensation Awards on and after the Effective Time. To the extent any provision in this Agreement conflicts with the terms of any Crane NXT, Co. Individual Agreement or Crane Company Individual Agreement, then the terms of the Crane NXT, Co. Individual Agreement or Crane Company Individual Agreement shall control.

Appears in 2 contracts

Sources: Employee Matters Agreement (Crane NXT, Co.), Employee Matters Agreement (Crane Co)