Performance Stock Rights. To the extent deemed earned, each outstanding performance stock right ("PSR") previously granted to the Executive shall become immediately payable in cash upon a Change in Control, and the remainder of each outstanding PSR shall be canceled for no value. All outstanding PSRs shall be deemed to have been earned to the extent of the greater of:
Appears in 6 contracts
Samples: Severance Agreement (Safeco Corp), Change in Control Severance Agreement (Safeco Corp), Change in Control Severance Agreement (Safeco Corp)
Performance Stock Rights. To the extent deemed earned, each outstanding performance stock right ("βPSR"β) previously granted to the Executive shall become immediately payable in cash upon a Change in Control, and the remainder of each outstanding PSR shall be canceled for no value. All outstanding PSRs shall be deemed to have been earned to the extent of the greater of:
Appears in 3 contracts
Samples: Change in Control Severance Agreement (Liberty Mutual Agency Corp), Change in Control (Safeco Corp), Severance Agreement (Safeco Corp)
