Common use of Vesting of Equity Awards Clause in Contracts

Vesting of Equity Awards. If, in connection with a Change in Control (as defined in Section 6(d) below), the vesting of outstanding equity awards is accelerated under the terms of the Company’s 2009 Performance Incentive Plan or any other long-term incentive plan(s) then in effect, then the vesting of any outstanding equity awards held by Employee shall also be accelerated. If the vesting of outstanding equity awards is not accelerated or only partially accelerated in connection with the Change in Control under the terms of the Company’s 2009 Performance Incentive Plan or any other long-term incentive plan(s) then in effect, then the following terms shall apply following the Change in Control with respect to the remaining unvested equity awards held by Employee:

Appears in 5 contracts

Samples: Employment Agreement (Resolute Energy Corp), Employment Agreement (Resolute Energy Corp), Employment Agreement (Resolute Energy Corp)

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