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.]
Appears in 4 contracts
Samples: Restricted Stock Agreement (Kid Castle Educational Corp), Restricted Stock Agreement (Pro Pharmaceuticals Inc), Restricted Stock Agreement (3pea International, Inc.)
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 or] death, all of the shares of Restricted Stock Shares subject to the RSUs subject to this Agreement shall be immediately vested as of the date of such [Disability or 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 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.]
Appears in 2 contracts
Samples: Restricted Stock Unit Agreement (Nuvola, Inc.), Restricted Stock Unit Agreement (Quest Resource Holding Corp)
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 Beneficiary or beneficiaries Beneficiaries designated by the Recipient, or if the Recipient has not so designated any beneficiary(iesBeneficiary(ies), or no designated beneficiary Beneficiary survives the Recipient, such shares shall be delivered to the personal representative of the Recipient’s estate.]
Appears in 1 contract
