SARP. In the event of entitlement to a Severance Benefit, all forfeiture restrictions on all Company stock purchased by or granted to the Executive under the Company's SARP 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). Any promissory notes of Executive under the SARP shall be paid off by the Executive within ninety (90) days after Executive's receipt of the Severance Benefits.
Appears in 5 contracts
Samples: Control Severance Agreement (Allegheny Technologies Inc), Change in Control Severance Agreement (Allegheny Technologies Inc), Change in Control Severance Agreement (Teledyne Technologies Inc)
