Common use of Not in Connection With a Change in Control Clause in Contracts

Not in Connection With a Change in Control. In the event that the Executive’s employment is terminated without Cause or for Good Reason and Section 4.4.4 (ii) below does not apply, the vesting of any equity awards granted to Executive that vest solely subject to Executive’s continued services to the Company (the “Time-Based Vesting Equity Awards”) shall be deemed vested and immediately exercisable (if applicable) by the Executive with respect to such number of shares as determined in accordance with their applicable vesting schedules as if Executive had provided an additional twelve (12) months of services as of the date of termination. Treatment of any performance based vesting equity awards will be governed solely by the terms of the agreements under which such awards were granted and will not be eligible to accelerate vesting pursuant to the foregoing provision.

Appears in 10 contracts

Samples: Employment Agreement (Horizon Therapeutics Public LTD Co), Employment Agreement (Horizon Therapeutics Public LTD Co), Employment Agreement (Horizon Therapeutics Public LTD Co)

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Not in Connection With a Change in Control. In the event that the Executive’s employment is terminated without Cause or for Good Reason and Section 4.4.4 (ii) below does not apply, the vesting of any equity awards granted to Executive that vest solely subject to Executive’s continued services to the Company (the “Time-Based Vesting Equity Awards”) shall be deemed vested and immediately exercisable (if applicable) by the Executive with respect to such number of shares as determined in accordance with their applicable vesting schedules as if Executive had provided an additional twelve (12) months of services as of the date of termination. Treatment of any performance based vesting equity awards granted to Executive will in all cases be governed solely by the terms of the agreements equity award plan or agreement under which such awards they were granted and will not be eligible to accelerate vesting pursuant to the foregoing provision.

Appears in 3 contracts

Samples: Employment Agreement (Horizon Therapeutics Public LTD Co), Executive Employment Agreement (Horizon Pharma PLC), Executive Employment Agreement (Horizon Pharma PLC)

Not in Connection With a Change in Control. In the event that the Executive’s employment is terminated without Cause or for Good Reason and Section 4.4.4 (ii) below does not apply, the vesting of any equity awards granted to Executive that vest solely subject to Executive’s continued services to the Company (the “Time-Based Vesting Equity Awards”) shall be deemed vested and immediately exercisable (if applicable) by the Executive with respect to such number of shares as determined in accordance with their applicable vesting schedules as if Executive had provided an additional twelve (12) months of services as of the date of termination. Treatment of any performance based vesting equity awards granted to Executive will in all cases be governed solely by the terms of the agreements equity award plan and/or agreement under which such awards they were granted and will not be eligible to accelerate vesting pursuant to the foregoing provision.

Appears in 3 contracts

Samples: Agreement by And (Horizon Therapeutics Public LTD Co), Executive (Horizon Pharma PLC), Employment Agreement (Horizon Pharma PLC)

Not in Connection With a Change in Control. In the event that the Executive’s ’ s employment is terminated without Cause or for Good Reason and Section 4.4.4 (ii) below does not apply, the vesting of any equity awards granted to Executive that vest solely subject to Executive’s continued services to the Company (the “Time-Based Vesting Equity Awards”) shall be deemed vested and immediately exercisable (if applicable) by the Executive with respect to such number of shares as determined in accordance with their applicable vesting schedules as if Executive had provided an additional twelve (12) months of services as of the date of termination. Treatment of any performance based vesting equity awards will be governed solely by the terms of the agreements under which such awards were granted and will not be eligible to accelerate vesting pursuant to the foregoing provision.

Appears in 1 contract

Samples: Agreement by And (Horizon Pharma PLC)

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Not in Connection With a Change in Control. In the event that the Executive’s employment is terminated without Cause or for Good Reason and Section 4.4.4 (ii) below does not apply, the vesting of any equity awards granted to Executive that vest solely subject to Executive’s continued services to the Company (the “Time-Based Vesting Equity Awards”) shall be deemed vested and immediately exercisable (if applicable) by the Executive with respect to such number of shares as determined in accordance with their applicable vesting schedules as if Executive had provided an additional twelve eighteen (1218) months of services as of the date of termination. Treatment of any performance based vesting stock unit awards or other performance based vesting equity awards granted to Executive will in all cases be governed solely by the terms of the agreements equity award plan or agreement under which such awards they were granted and will not be eligible to accelerate vesting pursuant to the foregoing provision.

Appears in 1 contract

Samples: Executive Employment Agreement (Horizon Pharma PLC)

Not in Connection With a Change in Control. In the event that the Executive’s employment is terminated without Cause or for Good Reason and Section 4.4.4 (ii) below does not apply, the vesting of any equity awards granted to Executive that vest solely subject to Executive’s continued services to the Company (the “Time-Based Vesting Equity Awards”) shall be deemed vested and immediately exercisable (if applicable) by the Executive with respect to such number of shares as determined in accordance with their applicable vesting schedules as if Executive had provided an additional twelve (12) months of services as of the date of termination. Treatment of any other performance based vesting equity awards granted to Executive will in all cases be governed solely by the terms of the agreements equity award plan or agreement under which such awards they were granted and will not be eligible to accelerate vesting pursuant to the foregoing provision.

Appears in 1 contract

Samples: Executive Employment Agreement (Horizon Pharma PLC)

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