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GWW » Topics » Change in Control-Equity Plans

This excerpt taken from the GWW DEF 14A filed Mar 13, 2009.

Change in Control—Equity Plans

        Under the terms of the Company's 1990 Long-Tern Incentive Plan, as amended, 2001 Long-Term Incentive Plan, as amended, 2005 Incentive Plan, as amended, and Director Stock Plan, as amended ("Plans"), a change in control generally results in accelerated vesting as follows:

    •
    Any unexercised options, whether or not exercisable on the date of such change in control;

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    Accelerated vesting of unvested RSUs; and

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    Settlement of performance shares in common stock equal to 100 percent of the executive's outstanding performance shares.
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