Common use of Death; Disability Clause in Contracts

Death; Disability. Upon a termination of Participant’s employment with the Company or any Subsidiary by reason of Participant’s death or Disability all Unvested Units shall vest as of the date of such termination of service and be issued as soon as administratively possible. For the purposes of this Agreement, the term “Disability” shall mean a condition under which Participant either (i) is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than twelve months, or (ii) is, by reason of any medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than twelve months, receiving income replacement benefits for a period of not less than three months under an accident and health plan covering employees of the Company.

Appears in 11 contracts

Sources: Restricted Stock Unit Award Agreement (Arcbest Corp /De/), Restricted Stock Unit Award Agreement (Arcbest Corp /De/), Restricted Stock Unit Award Agreement (Arcbest Corp /De/)

Death; Disability. Upon a termination of Participant’s employment with service as a member of the Company or any Subsidiary Board by reason of Participant’s death or Disability Disability, all Unvested Units shall vest as of the date of such termination of service and be issued as soon as administratively possible. For the purposes of this Agreement, the term “Disability” shall mean a condition under which Participant either (i) is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than twelve months, or (ii) is, by reason of any medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than twelve months, receiving income replacement benefits for a period of not less than three months under an accident and health plan covering employees of the Companyplan.

Appears in 8 contracts

Sources: Restricted Stock Unit Award Agreement (Arcbest Corp /De/), Restricted Stock Unit Award Agreement (Arcbest Corp /De/), Restricted Stock Unit Award Agreement (Arcbest Corp /De/)

Death; Disability. Upon a termination of Participant’s employment with service as a member of the Company or any Subsidiary Board by reason of Participant’s death or Disability Disability, all Unvested Units shall vest as of the date of such termination of service and be issued as soon as administratively possible. For the purposes of this Agreement, the term “Disability” shall mean a condition under which Participant either (i) is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than twelve months, or (ii) is, by reason of any medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than twelve months, receiving income replacement benefits for a period of not less than three months under an accident and health plan covering employees of the Company.

Appears in 4 contracts

Sources: Restricted Stock Unit Award Agreement (Arcbest Corp /De/), Restricted Stock Unit Award Agreement (Arcbest Corp /De/), Restricted Stock Unit Award Agreement (Arcbest Corp /De/)

Death; Disability. Upon a termination of Participant’s employment with the Company or any Subsidiary by reason of Participant’s death or Disability all Unvested Units shall vest as of the date of such termination of service and be issued as soon as administratively possible. For the purposes of this Agreement, the term “Disability” shall mean a condition under which Participant either (i) is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than twelve months, or (ii) is, by reason of any medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than twelve months, receiving income replacement benefits for a period of not less than three months under an accident and health plan covering employees of the Company.. ​

Appears in 1 contract

Sources: Restricted Stock Unit Award Agreement (Arcbest Corp /De/)