Accelerated Vesting of Restricted Stock. (a) Upon the first to occur of:
Accelerated Vesting of Restricted Stock. If, when and to the extent determined by the Administrator pursuant to Section 7.3 of the Plan, in the event that the Corporation undergoes a Change in Control Event, any unvested Restricted Stock held by Participant will become fully vested.
Accelerated Vesting of Restricted Stock. (a) Wilcock and the Company are parties to that certain Restricted Stock Grant Agreement, dated as of June 6, 2006 and that First Amendment To Restricted Stock Grant Agreement, dated as of August 15, 2006 (together, the “Restricted Stock Grant”). Any capitalized term in this Section 6 not otherwise defined herein has the meaning set forth in the Restricted Stock Grant.
Accelerated Vesting of Restricted Stock. Seventeen thousand (17,000) restricted shares of common stock, plus related accrued dividends, of the Company granted to Executive on January 11, 1994, pursuant to the Executive Continuity Award (the "ECA") shall become vested upon retirement. All other restricted stock held by Executive, including, without limitation, any additional grants under the ECA, shall be forfeited upon retirement.
Accelerated Vesting of Restricted Stock. Effective immediately prior to the Effective Time, each share of Company Capital Stock outstanding under any Company Stock Option Plan or otherwise that remains subject to any lapsing restrictions and/or vesting requirements (the “Restricted Stock”) shall vest in full and all such restrictions thereon shall lapse. Each share of Restricted Stock shall, for purposes of this Agreement, constitute and be treated in the same manner as an unrestricted share of Company Capital Stock at the Effective Time. Prior to the Effective Time, the Company shall use commercially reasonable efforts to take such actions as may be necessary, if any, to effect the treatment of the Restricted Stock as contemplated by the foregoing.
Accelerated Vesting of Restricted Stock. Consultant has received restricted stock grants from the Company which are subject to periodic vesting. In the event Consultant's engagement with the Company is terminated (a) as a result of Consultant's death or disability or (b) by Consultant with good reason after a Change in Control, then all restricted stock held by Consultant, not otherwise vested, shall become fully vested, subject to the terms of the restricted stock agreement between the Company and Consultant.
Accelerated Vesting of Restricted Stock. This agreement confirms that notwithstanding anything contained in the Restricted Stock Agreements dated as of March 31, 2004, March 31, 2005, March 31, 2006 and April 27, 2006 (collectively, the “Restricted Stock Agreements”), the Compensation Committee of the Board of Directors has by resolution accelerated the vesting date of your 34,829 shares of restricted stock which were granted under the Restricted Stock Agreements, and therefore all of such shares shall vest, and the restrictions thereon shall lapse, as of the Separation Date.
Accelerated Vesting of Restricted Stock. Notwithstanding the provisions of Section 3, the Restricted Stock covered by this Agreement will become nonforfeitable earlier than the time provided in Section 3 if any of the following circumstances apply at a time when the Restricted Stock has not been forfeited (to the extent the Restricted Stock has not previously become nonforfeitable):
Accelerated Vesting of Restricted Stock. In the event of (i) a merger or consolidation of the Company with or into any other entity in which the Company is not the parent or, after giving effect to such transaction, the equity owners of the Company immediately prior to such transaction shall cease to own at least of a majority of the outstanding equity securities of the Company, (ii) a sale of all or substantially all of the assets of the Company or (iii) any other change of control of the Company, the unvested portion, if any, of the Incentive Compensation shall immediately vest.
Accelerated Vesting of Restricted Stock. (a) As provided in Section 7.3 of the Plan, if the Corporation undergoes a Change in Control Event, any unvested Restricted Stock held by Participant will become fully vested. However, if Participant is designated on the Corporation’s payroll records as a Tier 1 or Tier 2 executive or above or an executive officer on the date of the Change in Control Event, no Restricted Stock will vest solely on account of a Change in Control Event unless such Participant’s employment with the Corporation is terminated without Cause (as defined below) within the two-year period following such Change in Control Event.
