Possible Acceleration Upon Change in Control. Notwithstanding any other provision to the contrary contained herein or in the Plan, in the event the Participant’s employment with the Corporation or a Subsidiary is terminated by the Corporation or a Subsidiary other than for Cause (as defined below) upon or any time during a Protected Period (as defined below), then any portion of the Stock Units subject to the Award that have not previously vested or terminated shall thereupon vest and shall be paid in accordance with Section 7.
Appears in 3 contracts
Sources: Restricted Stock Unit Award Agreement (International Rectifier Corp /De/), Restricted Stock Unit Award Agreement (International Rectifier Corp /De/), Restricted Stock Unit Award Agreement (International Rectifier Corp /De/)
Possible Acceleration Upon Change in Control. Notwithstanding any other provision to the contrary contained herein or in the Plan, in the event the Participant’s employment with the Corporation or a Subsidiary is terminated by the Corporation or a Subsidiary other than for Cause (as defined below) (or Participant resigns from his or her employment with the Corporation or a Subsidiary for Good Reason) upon or any time during a Protected Period (as defined below), then any portion of the Stock Units subject to the Award that have not previously vested or terminated shall thereupon vest and shall be paid in accordance with Section 7.
Appears in 1 contract
Sources: Restricted Stock Unit Award Agreement (International Rectifier Corp /De/)