Common use of Acceleration Upon Death or Disability Clause in Contracts

Acceleration Upon Death or Disability. If the Recipient ceases to be employed by or in the service of the Company as a result of death or physical disability (within the meaning of Section 22(e)(3) of the Internal Revenue Code of 1986, as amended), all of the Restricted Shares shall immediately vest.

Appears in 4 contracts

Samples: Restricted Stock Agreement (Nike Inc), Restricted Stock Agreement (Nike Inc), Restricted Stock Agreement (Nike Inc)

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Acceleration Upon Death or Disability. If the Recipient _____________________________________ ceases to be employed by or in the service of the Company or any parent or subsidiary corporation of the Company as a result of death or physical disability (within the meaning of Section 22(e)(3) of the Internal Revenue Code of 1986, as amended), all of the Restricted Shares shall immediately vest.

Appears in 1 contract

Samples: Restricted Stock Bonus Agreement (Nike Inc)

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