DELPHI 2011 Annual Report Download - page 212
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(B) a fraction, the numerator of which shall be the number of full months between the Grant Date and the termination date and the denominator of
which shall be the number of full months between the Grant Date and the final Time-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 final Time-Based Vesting Date for any reason other than as described
in clause (c)(i) above, the Continuity Incentive RSU Shares shall be forfeited 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 and unvested Continuity Incentive 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.
(b) Replacement Awards. An Award shall meet the conditions of this Section 4(b) (and thereby qualify as a Replacement Award) if the following
conditions are met:
(i) The Award has a value at least equal to the value of the Replaced Award;
(ii) The Award relates to publicly-traded equity securities of the Company or its successor following the Change in Control or another entity that
is affiliated with the Company or its successor following the Change in Control; and
A-3