RSAP. In the event of entitlement to a Severance Benefit, all forfeiture restrictions on all Company stock issued to the Executive under the Company’s RSAP shall lapse and all shares of restricted stock shall vest. All of the foregoing shares may be sold by the Executive free of any Company restrictions whatsoever (other than those imposed by federal and state securities laws).
Appears in 9 contracts
Samples: Change in Control Severance Agreement (Teledyne Technologies Inc), Change in Control Severance Agreement (Teledyne Technologies Inc), Change in Control Severance Agreement (Teledyne Technologies Inc)
RSAP. In the event of entitlement to a Severance Benefit, all forfeiture restrictions on all Company stock issued to the Executive under the Company’s 's RSAP shall lapse and all shares of restricted stock shall vest. All of the foregoing shares may be sold by the Executive free of any Company restrictions whatsoever (other than those imposed by federal and state securities laws).
Appears in 3 contracts
Samples: Change in Control Severance Agreement (Teledyne Technologies Inc), Change in Control Severance Agreement (Teledyne Technologies Inc), Change in Control Severance Agreement (Teledyne Technologies Inc)
RSAP. In the event of entitlement to a Severance Benefit, all forfeiture restrictions on all Company stock issued to the Executive under the Company’s 's RSAP shall lapse and all shares of restricted stock shall vest. All of the foregoing shares may be sold by the Executive free of any Company restrictions whatsoever (other than those imposed by federal and state securities laws).
Appears in 1 contract
Samples: Change in Control Severance Agreement (Teledyne Technologies Inc)