Vesting Upon a Change in Control. Notwithstanding any provision of this Award Agreement to the contrary, if (i) there is a Change in Control and the Change in Control Closing Date occurs during the Participant's Employment and prior to the final Vesting Date and any vesting event under Section 4 above and (ii) the Acquiror does not assume or continue this RSU Award or provide a substantially equivalent award in substitution for this RSU Award pursuant to Section 5(a), then, upon the Change in Control Closing Date, the Participant's right to receive the unvested units of Common Stock subject to this Award Agreement shall be fully vested.
Appears in 5 contracts
Samples: Award Agreement (Centerpoint Energy Resources Corp), Restricted Stock Unit Award Agreement (Centerpoint Energy Resources Corp), Restricted Stock Unit Award Agreement (Centerpoint Energy Resources Corp)
Vesting Upon a Change in Control. Notwithstanding any provision of this Award Agreement to the contrary, if (i) there is a Change in Control and the Change in Control Closing Date occurs during the Participant's ’s Employment and prior to the final Vesting Date and any vesting event under Section 4 above and (ii) the Acquiror does not assume or continue this RSU Award or provide a substantially equivalent award in substitution for this RSU Award pursuant to Section 5(a), then, upon the Change in Control Closing Date, the Participant's ’s right to receive the unvested units of Common Stock subject to this Award Agreement shall be fully vested.
Appears in 2 contracts
Samples: Restricted Stock Unit Award Agreement (Centerpoint Energy Inc), Restricted Stock Unit Award Agreement (Centerpoint Energy Inc)
Vesting Upon a Change in Control. Notwithstanding any provision of this Award Agreement to the contrarycontrary and without regard to the Performance Goals, if (i) there is a Change in Control and the Change in Control Closing Date occurs during the Participant's Employment and prior to the final Vesting Date and any vesting event under Section 4 above prior to the Participant’s Separation from Service and (ii) the Acquiror does not assume or continue this RSU Award or provide a substantially equivalent award in substitution for this RSU Award pursuant to Section 5(a), then, upon the Change in Control Closing Date, the Participant's ’s right to receive the unvested units of Common Stock subject to this Award Agreement shall be fully vested.
Appears in 1 contract
Samples: Restricted Stock Unit Award Agreement (Centerpoint Energy Resources Corp)
