ON CHANGE OF CONTROL Clause Samples

ON CHANGE OF CONTROL. Notwithstanding any other provisions of this Agreement, upon the occurrence of a Change of Control, all of the shares of Restricted Stock granted to the Executive under the Award Agreement shall be vested immediately.

ON CHANGE OF CONTROL. Anything contained in this Section VI to the contrary notwithstanding, in the even there is a "Change of Control" of the Holding Company as defined in Exhibit 1 of Exhibit B to this Agreement, a portion of the Incentive Shares shall "vest" in accordance with the following schedule: 1. Twenty percent (20%) if the Change of Control occurs in 2001. 2. Forty percent (40%) if the Change of Control occurs in 2002. 3. Sixty percent (60%) if the Change of Control occurs in 2003. 4. Eighty percent (80%) if the Change of Control occurs in 2004. 5. One Hundred percent 100%) if the Change of Control occurs in 2005. The vested Incentive Shares shall be issued within thirty (30) days thereafter. The unvested Incentive Shares shall remain subject to the conditions of this paragraph C.