Common use of Death Following Qualifying Termination of Employment Clause in Contracts

Death Following Qualifying Termination of Employment. If a Participant dies after incurring a Qualifying Termination of Employment, but before the dates set forth in Section 4(d)(iv) of the 2018 LTIP, if applicable, any portion of the Option that is not exercisable at the time of the Participant’s death shall vest and become exercisable and the then exercisable portion of the Option shall be exercisable during the period: (i) beginning on the date of the Participant’s death and (ii) ending on the Expiration Date. ]

Appears in 1 contract

Samples: Award Agreement (Delta Air Lines Inc /De/)

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Death Following Qualifying Termination of Employment. If a Participant dies after incurring a Qualifying Termination of Employment, but before the dates set forth in Section 4(d)(iv) of the 2018 2019 LTIP, if applicable, any portion of the Option that is not exercisable at the time of the Participant’s death shall vest and become exercisable and the then exercisable portion of the Option shall be exercisable during the period: (i) beginning on the date of the Participant’s death and (ii) ending on the Expiration Date. ]

Appears in 1 contract

Samples: Award Agreement (Delta Air Lines Inc /De/)

Death Following Qualifying Termination of Employment. If a Participant dies after incurring a Qualifying Termination of Employment, but before the dates set forth in Section 4(d)(iv) of the 2018 LTIPB.1, if applicable, any portion of the Option that is not exercisable at the time of the Participant’s death shall vest and become exercisable and the then exercisable portion of the Option shall be exercisable during the period: (i) beginning on the date of the Participant’s death and (ii) ending on the Expiration Date. .]

Appears in 1 contract

Samples: Award Agreement (Delta Air Lines, Inc.)

Death Following Qualifying Termination of Employment. If a Participant dies after incurring a Qualifying Termination of Employment, but before the dates set forth in Section 4(d)(iv) of the 2018 2016 LTIP, if applicable, any portion of the Option that is not exercisable at the time of the Participant’s death shall vest and become exercisable and the then exercisable portion of the Option shall be exercisable during the period: (i) beginning on the date of the Participant’s death and (ii) ending on the earlier of the third anniversary of the Participant’s death or (B) the Expiration Date. .]

Appears in 1 contract

Samples: Award Agreement (Delta Air Lines Inc /De/)

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Death Following Qualifying Termination of Employment. If a Participant dies after incurring a Qualifying Termination of Employment, but before the dates set forth in Section 4(d)(iv) of the 2018 2020 LTIP, if applicable, any portion of the Option that is not exercisable at the time of the Participant’s death shall vest and become exercisable and the then exercisable portion of the Option shall be exercisable during the period: (i) beginning on the date of the Participant’s death and (ii) ending on the Expiration Date. ].

Appears in 1 contract

Samples: Award Agreement (Delta Air Lines, Inc.)

Death Following Qualifying Termination of Employment. If a Participant dies after incurring a Qualifying Termination of Employment, but before the dates set forth in Section 4(d)(iv) of the 2018 2017 LTIP, if applicable, any portion of the Option that is not exercisable at the time of the Participant’s death shall vest and become exercisable and the then exercisable portion of the Option shall be exercisable during the period: (i) beginning on the date of the Participant’s death and (ii) ending on the earlier of the third anniversary of the Participant’s death or (B) the Expiration Date. .]

Appears in 1 contract

Samples: Award Agreement (Delta Air Lines Inc /De/)

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