Common use of Prior Termination of Employment Clause in Contracts

Prior Termination of Employment. If your employment terminated prior to the Change of Control Date, but some or all of your Performance Units are still outstanding on such date pursuant to Section 4(c) hereof, then you shall receive a number of shares of Common Stock equal to the product of (i) the number of shares of Common Stock that would have been issued to you determined as though Section 5(a) hereof was applicable to you, times (ii) the Pro-Ration Fraction.

Appears in 2 contracts

Samples: Performance Unit Award Agreement (Concho Resources Inc), Performance Unit Award Agreement (Concho Resources Inc)

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Prior Termination of Employment. If your employment terminated prior to the Change of Control Date, but some or all of your Performance Units are still outstanding on such date pursuant to Section 4(c4(a) hereof, then you shall receive a number of shares of Common Stock equal to the product of (i) the number of shares of Common Stock that would have been issued to you determined as though Section 5(a) hereof was applicable to you, times (ii) the Pro-Ration Fraction.

Appears in 2 contracts

Samples: www.sec.gov, Performance Unit Award Agreement (Concho Resources Inc)

Prior Termination of Employment. If your employment terminated prior to the Change of Control Date, but some or all of your Performance Units are still outstanding on such date pursuant to Section 4(c) hereof, then you shall receive a number of shares of Common Stock equal to the product of (i) the number of shares of Common Stock that would have been issued to you determined as though Section 5(a) or Section 5(f) hereof was applicable to you, times (ii) the Pro-Ration Fraction.

Appears in 1 contract

Samples: 2019 Stock Incentive Plan (Concho Resources Inc)

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Prior Termination of Employment. If your employment terminated prior to the Change of Control Date, but some or all of your Performance Units are still outstanding on such date pursuant to Section 4(c4(a) hereof, then you shall receive a number of shares of Common Stock equal to the product of (i) the number of shares of Common Stock that would have been issued to you determined as though Section 5(a) hereof was applicable to you, times (ii) the Pro-Ration Fraction.

Appears in 1 contract

Samples: Performance Unit Award Agreement (Concho Resources Inc)

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