Accelerated Vesting upon Death or Disability. Notwithstanding the foregoing provisions of this Section 4, in the event of the Executive’s termination of employment with the Company or any of its Subsidiaries by reason of his death or becoming Disabled on or after November 10, 2006, Time Vesting Shares that would otherwise have been become vested within twelve months immediately following the applicable Termination Date shall vest as of such Termination Date.
Appears in 5 contracts
Samples: Restricted Stock Agreement (Generac Holdings Inc.), Restricted Stock Agreement (Generac Holdings Inc.), Restricted Stock Agreement (Generac Holdings Inc.)
Accelerated Vesting upon Death or Disability. Notwithstanding the foregoing provisions of this Section 4, in the event of the Executive’s termination of employment with the Company or any of its Subsidiaries by reason of his death or becoming Disabled on or after November 10, 2006the Effective Date, Time Vesting Shares that would otherwise have been become vested within twelve months immediately following the applicable Termination Date date of such death or Disability shall vest as of the date of such Termination Datedeath or Disability.
Appears in 3 contracts
Samples: Restricted Stock Agreement, Joinder Agreement (Generac Holdings Inc.), Equity Incentive Plan Restricted Stock Agreement (Generac Holdings Inc.)
Accelerated Vesting upon Death or Disability. Notwithstanding the foregoing provisions of this Section 4, in the event of the Executive’s termination of employment with the Company or any of its Subsidiaries by reason of his her death or becoming Disabled on or after November 10, 2006, Time Vesting Shares that would otherwise have been become vested within twelve months immediately following the applicable Termination Date shall vest as of such Termination Date.
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