Common use of Equity Compensation Awards Clause in Contracts

Equity Compensation Awards. Each Starwood Equity Award granted in 2014 or later and held by a Vistana Employee that is outstanding immediately prior to the Effective Time will be converted as described in subsections (a) and (b) below, so that each such Starwood Equity Award will become an ILG Equity Award. Starwood shall provide all information or documentation reasonably requested by ILG to fulfill such obligation within seven (7) days of receiving such request. From and after the Closing Date, ILG will retain, pay, perform, fulfill and discharge all liabilities arising out of or relating to the ILG Equity Awards.

Appears in 5 contracts

Samples: Employee Matters Agreement, Employee Matters Agreement (Interval Leisure Group, Inc.), Matters Agreement (Starwood Hotel & Resorts Worldwide, Inc)

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