Common use of Termination of Employment; Change in Control Clause in Contracts

Termination of Employment; Change in Control. (a) Termination Due to Disability, Death or for Good Reason; Change in Control. Unless otherwise provided in the Employment Agreement and notwithstanding any provision of the Plan to the contrary, if the Recipient terminates employment with the Company due to Disability, death, for Good Reason or a termination initiated by the Company without Cause, all Restricted Shares subject to this Agreement and held by, or on behalf of, the Recipient shall be deemed earned and vested as of the Recipient's last day of employment with the Company. In addition, unless otherwise provided in the Employment Agreement and notwithstanding any provision of the Plan to the contrary, all Restricted Shares subject to this Agreement and held by the Recipient on the date a Change in Control occurs shall be deemed earned and vested as of such date.

Appears in 12 contracts

Samples: Restricted Share Award Agreement (Mack Cali Realty L P), Restricted Share Award Agreement (Mack Cali Realty Corp), Mack Cali Realty Corp

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.