Common use of Retaining Clause in Contracts

Retaining. Existing All restricted stock that is Restricted Stock for unvested as of the Separation Date Vesting and Other Rights will be forfeited on that date. Forfeited restricted stock will not vest upon a Change in Control during Salary Continuation.

Appears in 1 contract

Sources: Employment Agreement (Harrahs Entertainment Inc)

Retaining. Existing All regular restricted stock that is Restricted Stock for unvested as of the Separation Date will Vesting and Other Rights will be forfeited on that date. Forfeited restricted stock will not vest upon a Change in Control during Salary Continuation. See below for TARSAP.

Appears in 1 contract

Sources: Employment Agreement (Harrahs Entertainment Inc)