Acceleration of Vesting upon Death or Disability. In the event Participant ceases to be an Employee as the result of Participant’s death or “Disability” prior to the fifteenth (15th) anniversary of the Vesting Commencement Date, 100% of the Restricted Stock Units that have not vested as of such date will immediately vest. For these purposes, “Disability” will have the meaning given to such term in the employment agreement between Participant and the Company; provided, however, that if Participant has no employment agreement, “Disability” will mean a total and permanent disability as defined in Section 22(e)(3) of the Code as determined by the Administrator and in accordance with the Plan.
Acceleration of Vesting upon Death or Disability. [In the event that the Recipient’s Continuous Service terminates by reason of the Recipient’s Disability or death, all of the shares of Restricted Stock subject to this Agreement shall be immediately vested as of the date of such Disability or death, whichever is applicable, and shall be delivered, subject to any requirements under this Agreement, to the Recipient, in the event of his or her Disability, or in the event of the Recipient’s death, to the beneficiary or beneficiaries designated by the Recipient, or if the Recipient has not so designated any beneficiary(ies), or no designated beneficiary survives the Recipient, such shares shall be delivered to the personal representative of the Recipient’s estate.]
Acceleration of Vesting upon Death or Disability. In the event Participant ceases to be a Director as the result of Participant’s death or “Disability” prior to the fifteenth (15th) anniversary of the Vesting Commencement Date, 100% of the Restricted Stock Units that have not vested as of such date will immediately vest. For these purposes, “Disability” will mean a total and permanent disability as defined in Section 22(e)(3) of the Code as determined by the Administrator and in accordance with the Plan.
Acceleration of Vesting upon Death or Disability. In the event that the Receipient’s Continuous Service terminates by reason of the Recipient’s Disability or death, the Shares subject to the RSUs subject to this Agreement shall be immediately vested as of the date of such Disability or death, whichever is applicable.
Acceleration of Vesting upon Death or Disability. In the event of the Participant’s termination of Service due to the Participant’s death or Disability, the vesting of any outstanding but unvested Shares shall be accelerated in full and the total number of Shares granted hereunder shall be deemed to be Vested Shares effective as of the date of such termination of Service.
Acceleration of Vesting upon Death or Disability. In the event that the Participant’s Continuous Service terminates by reason of the Participant’s Disability or death, all of the shares of Deferred Stock subject to this Agreement shall be immediately vested as of the date of such Disability or death, whichever is applicable, and shall be delivered, subject to any requirements under this Agreement, to the Participant, in the event of his or her Disability, or in Unknown
Acceleration of Vesting upon Death or Disability. In the event of Participant’s Termination of Employment or Termination of Directorship by reason of Participant’s death or Disability, Participant or Participant’s estate will have the right to exercise the Option during the applicable time period set forth in Section 3.3 with respect to the then vested shares plus a pro rata portion of the unvested shares as of the date of such termination determined as follows: (Actual No. of Days Elapsed from Beginning of Performance Period to Date of Death/Disability) X No. of Unvested Shares = (Accelerated Shares) (Total No. of Days in the Performance Period)
Acceleration of Vesting upon Death or Disability. Notwithstanding the foregoing vesting schedule, any unvested Restricted Stock Units shall vest effective immediately upon the termination of the Participant’s employment due to death or disability. For this purpose, “disability” shall mean the permanent disability of the Participant as defined in Section 22(e)(3) of the Internal Revenue Code of 1986.
Acceleration of Vesting upon Death or Disability. In the event that the Participant’s Continuous Service terminates by reason of the Participant’s Disability or death, the RSUs subject to this Agreement shall vest in accordance with Sections 7(a)(ii)(A) and 7(b)(ii)(A), and Shares equal to the number of such Vested RSUs, if any, shall be delivered, subject to any requirements under this Agreement, to the Participant, in the event of his or her Disability, or in the event of the Participant’s death, to the beneficiary or beneficiaries designated by the Participant, or if the Participant has not so designated any beneficiary(ies), or no designated beneficiary survives the Participant, to the personal representative of the Participant’s estate. Notwithstanding the foregoing, in the event that a Change in Control of the Company occurs and within 6 months before or 18 months after the Change in Control, there is a termination of the Participant’s Continuous Service because of the Participant’s death or Disability, the provisions of Section 10(a) of the 2016 Plan shall apply.
Acceleration of Vesting upon Death or Disability. Notwithstanding any other term or provision of this Award Agreement, in the event that the Grantee’s Continuous Service terminates by reason of the Grantee’s Disability or death, all of the Restricted Stock subject to this Award Agreement shall become immediately vested as of the date of such Disability or death, whichever is applicable, and shall be delivered, subject to any requirements under this Award Agreement, to the Grantee, in the event of his or her Disability, or in the event of the Grantee’s death, to the Beneficiary or Beneficiaries designated by the Grantee. [This provision might only be applicable to certain Grantees]
