Substantial Corporate Change. Upon a Substantial Corporate Change, the Participant’s unvested PSUs will terminate unless provision is made in writing in connection with such transaction for the assumption or continuation of the PSUs, or the substitution for such PSUs of any options or grants covering the stock or securities of a successor employer corporation, or a parent or subsidiary of such successor, with appropriate adjustments as to the number and kind of shares of stock and prices, in which event the PSUs will continue in the manner and under the terms so provided.
Appears in 11 contracts
Samples: 2016 Stock Incentive Plan (Fortive Corp), 2016 Stock Incentive Plan (Fortive Corp), Performance Stock Unit Agreement (Danaher Corp /De/)
Substantial Corporate Change. Upon a Substantial Corporate Change, the Participant’s unvested PSUs will terminate unless provision is made in writing in connection with such transaction for the assumption or continuation of the PSUs, or the substitution for such PSUs of any options or grants covering the stock or securities of a successor employer corporation, or a parent or subsidiary of such successor, with appropriate adjustments as to the number and kind of shares of stock and prices, in which event the PSUs will continue in the manner and under the terms so provided.. (g)
Appears in 3 contracts
Samples: Performance Stock Unit Agreement (Danaher Corp /De/), Performance Stock Unit Agreement (Danaher Corp /De/), Performance Stock Unit Agreement (Danaher Corp /De/)