DELPHI 2011 Annual Report Download - page 192
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(b) Performance-Based RSU Shares.
(i) Death; Disability; Termination Without Cause; Termination for Good Reason; Retirement. If the Participant experiences a Termination of
Service after the first anniversary of the Grant Date but prior to the Performance-Based Vesting Date (A) due to the Participant's death, (B) due to the
Participant's Disability, (C) by the Company without Cause, (D) by the Participant for Good Reason or (E) due to the Participant's voluntary termination
following attainment of age 55 with at least ten years of service with the Company or its predecessors, the number of Earned Performance-Based RSU
Shares shall be determined in accordance with Section 2(b) above as if the Participant's employment continued through the Performance-Based Vesting
Date.
(ii) Any Other Termination of Service. In the event of the Participant's Termination of Service (A) prior to the first anniversary of the Grant Date
for any reason, or (B) after the first anniversary of the Grant Date but prior to the Performance-Based Vesting Date for any reason other than as
described in clause (b)(i) above, the Participant shall forfeit the Performance-Based RSU Shares in full without any payment to the Participant.
Section 4. Change in Control.
(a) Conditional Vesting. Upon a Change in Control prior to the final Time-Based Vesting Date or the Performance-Based Vesting Date, except to the
extent that another Award meeting the requirements of Section 4(b) (a "Replacement Award") is provided to the Participant to replace this Award (the
"Replaced Award"):
(i) Any unvested Time-Based RSU Shares shall vest in full and be delivered to the Participant on the effective date of such Change in Control;
and
(ii) A number of Earned Performance-Based RSU Shares equal to the greater of (A) the number of Earned Performance-Based RSU Shares that
would vest if the effective date of the Change in Control were deemed to be the Performance-Based Vesting Date, or (B) 100% of the Performance-
Based RSU Shares granted, shall vest and be delivered to the Participant on the effective date of such Change in Control. For purposes of clause (a)(ii)
(A), the determination of performance shall be made by the Committee, as constituted immediately before the Change in Control, in its sole discretion.
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