Equity-based compensation – whether in the form of stock options/stock appreciation rights (SARs), restricted
stock/restricted stock units (RSUs) or performance shares – is an integral part of executive long-term incentive
programs. A common provision in the governing documents addresses how an executive's unvested interests are
treated if there is a change in control of the company. Since a significant portion of an executive's wealth is often
tied to the value of equity-based compensation, the conditions for accelerated vesting are particularly important.