Common use of Accelerated Vesting upon Death or Disability Clause in Contracts

Accelerated Vesting upon Death or Disability. If you cease to be an Employee, Consultant or Director because of death or Disability during the Restricted Period, all restrictions remaining on your Restricted Stock shall terminate automatically and your Restricted Stock shall become immediately fully vested and nonforfeitable.

Appears in 2 contracts

Samples: Restricted Stock Award Agreement (Nutex Health, Inc.), Restricted Stock Award Agreement (Sterling Bancorp, Inc.)

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Accelerated Vesting upon Death or Disability. If you cease to be an Employee, Consultant or Director terminate Service because of death or Disability during the Restricted Period, all restrictions remaining on your Restricted Stock shall terminate automatically and your Restricted Stock shall become immediately fully vested and nonforfeitable.. ​

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Sterling Bancorp, Inc.)

Accelerated Vesting upon Death or Disability. If you cease to be an Employee, Consultant or Director terminate Service because of death or Disability during the Restricted Period, all restrictions remaining on your Restricted Stock shall terminate automatically and your Restricted Stock shall become immediately fully vested and nonforfeitable.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Sterling Bancorp, Inc.)

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Accelerated Vesting upon Death or Disability. If you cease to be an Employee, Consultant or Director Employee because of death or Disability during the Restricted Period, then all restrictions remaining on your Restricted Stock shall terminate automatically and your Restricted Stock shall become immediately fully vested and nonforfeitablewith respect to all such shares granted to you hereunder.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Diversified Restaurant Holdings, Inc.)

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