Common use of LONG-TERM AWARDS Clause in Contracts

LONG-TERM AWARDS. All of Executive’s stock appreciation rights, restricted stock units, performance share units and any other long-term incentive awards granted under any long-term incentive plan of the Company (collectively, “Long-Term Awards”), shall remain in effect in accordance with their terms and conditions, including with respect to the consequences of the termination of Executive’s employment or a Change in Control, and shall not be in any way amended, modified or affected by this Agreement except as provided in Section 10(c)(vi) and except as hereinafter provided. Upon termination of Executive’s employment by the Company for Cause, all unvested Long-Term Awards will be immediately forfeited as well as any vested unexercised awards. Upon a voluntary resignation by Executive for any reason at any time other than during a Protection Period or by Executive without Good Reason during a Protection Period, all vested Long-Term Awards will remain exercisable for ninety (90) days following the effective date of such termination of employment. Upon any termination by the Company for Cause, by the Executive for any reason at any time other than during a Protection Period or by Executive without Good Reason during a Protection Period, all unvested Long-Term Awards will be immediately forfeited. The provisions of this Section 11 shall not apply to Executive’s Inducement Awards.

Appears in 2 contracts

Samples: Executive Employment Agreement (Belden Inc.), Executive Employment Agreement (Belden Inc.)

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LONG-TERM AWARDS. All of Executive’s stock options, stock appreciation rights, restricted stock units, performance share units and any other long-term incentive awards granted under any long-term incentive plan of the Company Company, whether granted before or after the Effective Date (collectively, “Long-Term Awards”), shall remain in effect in accordance with their terms and conditions, including with respect to the consequences of the termination of Executive’s employment or a Change in Control, and shall not be in any way amended, modified or affected by this Agreement except as provided in Section 10(c)(vi) and except as hereinafter provided. Upon termination of Executive’s employment by the Company for Cause, all unvested vested Long-Term Awards will be immediately forfeited as well as any vested unexercised awardsforfeited. Upon a voluntary resignation by Executive for any reason at any time other than during a Protection Period or by Executive without Good Reason during a Protection Period, all vested Long-Term Awards will remain exercisable for ninety (90) days following the effective date of such termination of employment. Upon any termination by the Company for Cause, by the Executive for any reason at any time other than during a Protection Period or by Executive without Good Reason during a Protection Period, all unvested Long-Term Awards will be immediately forfeited. The provisions of this Section 11 shall not apply to Executive’s Inducement AwardsAwards and shall not apply to any restricted stock units awarded with respect to Inducement PSUs.

Appears in 1 contract

Samples: Executive Employment Agreement (Belden Inc.)

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LONG-TERM AWARDS. All of Executive’s 's stock options, stock appreciation rights, restricted stock units, performance share units and any other long-term incentive awards granted under any long-term incentive plan of the Company Company, whether granted before or after the Effective Date (collectively, “Long"LONG-Term Awards”TERM AWARDS"), shall remain in effect in accordance with their terms and conditions, including with respect to the consequences of the termination of Executive’s 's employment or a Change in Control, and shall not be in any way amended, modified or affected by this Agreement except as provided in Section 10(c)(vi) and except as hereinafter provided. Upon termination of Executive’s 's employment by the Company for Cause, all unvested vested Long-Term Awards will be immediately forfeited as well as any vested unexercised awardsforfeited. Upon a voluntary resignation by Executive for any reason at any time other than during a Protection Period or by Executive without Good Reason during a Protection Period, all vested Long-Term Awards will remain exercisable for ninety (90) days following the effective date of such termination of employment. Upon any termination by the Company for Cause, by the Executive for any reason at any time other than during a Protection Period or by Executive without Good Reason during a Protection Period, all unvested Long-Term Awards will be immediately forfeited. The provisions of this Section 11 shall not apply to Executive’s 's Inducement AwardsAwards and shall not apply to any restricted stock units awarded with respect to Inducement PSUs.

Appears in 1 contract

Samples: Executive Employment Agreement (Belden CDT Inc.)

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