Acceleration of Vesting Upon Death. If, prior to the Scheduled Vesting Date, Participant (A) ceases to be an employee by reason of death while in the employ of the Company or any Affiliate, or (B) dies after a Separation From Service by reason of Retirement or Disability, then the Units will become vested as of the date of death and will be settled in accordance with Section 3(c).
Appears in 2 contracts
Samples: Bancorp Restricted Stock Unit Award Agreement (Us Bancorp \De\), Restricted Stock Unit Award Agreement (Us Bancorp \De\)
Acceleration of Vesting Upon Death. If, prior to the Scheduled Vesting Date, If Participant (A) ceases to be an employee by reason of death while in the employ of the Company or any Affiliatedeath, or (B) if Participant dies after a Separation From Service by reason with the Company or an Affiliate due to Disability or Retirement but prior to any Scheduled Vesting Date, and Participant has at all times since the Grant Date complied with the terms of Retirement any confidentiality and non-solicitation agreement between the Company or Disabilityan Affiliate and the Participant, then the Units will become vested as of the date of death and will be settled and Shares delivered in accordance with Section 3(c3(d).
Appears in 2 contracts
Samples: Restricted Stock Unit Award Agreement (Us Bancorp \De\), Restricted Stock Unit Award Agreement (Us Bancorp \De\)
Acceleration of Vesting Upon Death. If, prior to the Scheduled Vesting Date, If Participant (A) ceases to be an employee by reason of death while in the employ of the Company or any Affiliatedeath, or (B) if Participant dies after a Separation From Service by reason due to Disability or Retirement but prior to any Scheduled Vesting Date, and Participant has at all times since the Grant Date complied with the terms of Retirement any confidentiality and non-solicitation agreement between the Company or Disabilityan Affiliate and the Participant, then the Units will become vested as of the date of death and will be settled and Shares delivered in accordance with Section 3(c3(d).
Appears in 1 contract
Samples: Restricted Stock Unit Award Agreement (Us Bancorp \De\)
Acceleration of Vesting Upon Death. If, prior to the Scheduled Vesting Date, Participant (A) ceases to be an employee by reason of death while in the employ of the Company or any Affiliate, or (B) dies after a Separation From from Service by reason of Retirement or Disability, then the Units will become vested as of the date of death and will be settled in accordance with Section 3(c).
Appears in 1 contract
Samples: Restricted Stock Unit Award Agreement (Us Bancorp \De\)