Also, if a majority of the Board is comprised of persons other than (i) persons for whose election proxies were solicited by the Board; or (ii) persons who were appointed by the Board to
fill vacancies caused by death or resignation or to
fill newly - created directorships («Board Change»), unless the Committee or Board determines otherwise prior to such Board Change, then participants
immediately prior to the Board Change who cease to be employees or non-employee directors within six months after such Board Change for any reason other than death or permanent disability generally have their (i) options and stock appreciation rights become
immediately exercisable and to the extent not canceled or cashed out, generally have at least six months to exercise such awards; (ii) restrictions with respect to restricted stock and RSRs lapse and generally shares are delivered; and (iii) performance shares and performance units pay out pro rata based on performance through the end of the last calendar quarter before the time the participant ceased to be an employee.
On Wednesday, October 18, 2017, the Colorado State Judicial Branch announced the governor's selection of Zachary Martin to
fill a
vacancy on the Ouray County Court, effective
immediately.