Definition of Potential Acceleration Event


Potential Acceleration Event means any execution of an agreement, the commencement of a tender offer or any other transaction or event that if consummated would result in an Acceleration Event.
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Examples of Potential Acceleration Event in a sentence

Potential Acceleration Event shall mean any execution of an agreement, the commencement of a tender offer or any other transaction or event that if consummated would result in an Acceleration Event.
For purposes of Section 13.2, a Potential Acceleration Event means the approval by the Board of an agreement by the Company the consummation of which would result in an Acceleration Event of the Company as defined in Section 13.3.
Subject to Shareholder Approval of the Plan, Options granted hereunder will become fully exercisable and vested in the event of a Acceleration Event as defined in Section 13.3 or a Potential Acceleration Event as defined in Section 13.4.
Notwithstanding the fact that ITT may terminate or amend this Plan ("Plan Change") at any time, following the occurrence of (i) an Acceleration Event or (ii) a Potential Acceleration Event, no Plan Change that would adversely affect any Employee may be made without the prior written consent of such Employee affected thereby; provided, however, that clause (ii) above shall cease to apply if such Potential Acceleration Event does not result in the occurrence of an Acceleration Event.
ITT may terminate or amend this Plan (Plan Change) at any time except, that following the occurrence of (i) an Acceleration Event or (ii) a Potential Acceleration Event, no Plan Change that would adversely affect any Special Severance Executive may be made without the prior written consent of such Special Severance Executive affected thereby; provided, however, that (ii) above shall cease to apply if such Potential Acceleration Event does not result in the occurrence of an Acceleration Event.