Common use of Accelerated Vesting Clause in Contracts

Accelerated Vesting. If Employee’s employment with the Company is terminated before the Vesting Date by reason of death or Disability [as defined in Section 409A(a)(2)(C) of the Internal Revenue Code of 1986, as amended or restated from time to time (the “Code”)], the interests of the Participant in the Units shall vest as to a prorata portion of the Units. The prorata portion shall be measured by months elapsed from the date of this Agreement to the date of death or date of Disability, as compared to the number of months from the date of this Agreement to the Vesting Date for each 20% portion of the Units.

Appears in 13 contracts

Samples: Restricted Stock Unit Agreement (FBL Financial Group Inc), Restricted Stock Unit Agreement (FBL Financial Group Inc), Restricted Surplus Unit Agreement (FBL Financial Group Inc)

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Accelerated Vesting. If EmployeeParticipant’s employment with the Company is terminated before the Vesting Date (as defined in Exhibit 2) by reason of death or Disability [as defined in Section 409A(a)(2)(C) of the Internal Revenue Code of 1986, as amended or restated from time to time (the “Code”)], the interests interest of the Participant in the Units shall vest as to a prorata portion of the Units. The prorata portion shall be measured by months elapsed from the date of this Agreement to the date of death or date of Disability, as compared to the number of months from the date of this Agreement to the Vesting Date for each 20% portion of the Units. The proration provided for under this paragraph shall only apply in the event the Performance Goals as set forth on Exhibit 2 are met.

Appears in 5 contracts

Samples: Restricted Stock Unit Agreement (FBL Financial Group Inc), Restricted Surplus Unit Agreement (FBL Financial Group Inc), Restricted Stock Unit Agreement (FBL Financial Group Inc)

Accelerated Vesting. If Employee’s 's employment with the Company is terminated before the Vesting Date by reason of death or Disability [as defined in Section 409A(a)(2)(C) of the Internal Revenue Code of 1986, as amended or restated from time to time (the “Code”)], the interests interest of the Participant in the Units shall vest as to a prorata portion of the Units. The prorata portion shall be measured by months elapsed from the date of this Agreement to the date of death or date of Disability, as compared to the number of months from the date of this Agreement to the Vesting Date for each 20% portion of the Units.

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (FBL Financial Group Inc), Restricted Stock Unit Agreement (FBL Financial Group Inc)

Accelerated Vesting. If Employee’s employment with the Company is terminated before the Vesting Date (as defined in Exhibit 2) by reason of death or Disability [as defined in Section 409A(a)(2)(C) of the Internal Revenue Code of 1986, as amended or restated from time to time (the “Code”)], the interests interest of the Participant in the Units shall vest as to a prorata portion of the Units. The prorata portion shall be measured by months elapsed from the date of this Agreement to the date of death or date of Disability, as compared to the number of months from the date of this Agreement to the Vesting Date for each 20% portion of the Units. The proration provided for under this paragraph shall only apply in the event the Performance Goals as set forth on Exhibit 2 are met.

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (FBL Financial Group Inc), Restricted Stock Unit Agreement (FBL Financial Group Inc)

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Accelerated Vesting. If EmployeeParticipant’s employment with the Company is terminated before the Vesting Date (as described in Exhibit 2) by reason of death or Disability [as defined in Section 409A(a)(2)(C) of the Internal Revenue Code of 1986, as amended or restated from time to time (the “Code”)], the interests of the Participant in the Units shall vest as to a prorata portion of the Units. The prorata portion shall be measured by months elapsed from the date of this Agreement to the date of death or date of Disability, as compared to the number of months from the date of this Agreement to the Vesting Date for each 20% portion of the Units. The proration provided for under this paragraph shall only apply in the event the Performance Goals as set forth on Exhibit 2 are met.

Appears in 1 contract

Samples: Restricted Surplus Unit Agreement (FBL Financial Group Inc)

Accelerated Vesting. If Employee’s 's employment with the Company is terminated before the Vesting Date by reason of death or Disability [as defined in Section 409A(a)(2)(C) of the Internal Revenue Code of 1986, as amended or restated from time to time (the “Code”)], the interests interest of the Participant in the Units shall vest as to a prorata portion of the Units. The prorata portion shall be measured by months elapsed from the date of this Agreement to the date of death or date of Disabilitydisability, as compared to the number of months from the date of this Agreement to the Vesting Date for each 20% portion of the Units24 months.

Appears in 1 contract

Samples: Restricted Stock Unit Replacement Agreement (FBL Financial Group Inc)

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