Common use of Death of Employee Clause in Contracts

Death of Employee. If any of the Shares shall vest upon the death of the Employee, they shall be registered in the name of the estate of the Employee except that, to the extent permitted by the Compensation Committee, if the Company shall have theretofore received in writing a beneficiary designation, the Shares shall be registered in the name of the designated beneficiary.

Appears in 15 contracts

Samples: Restricted Stock Agreement (Altria Group Inc), Restricted Stock Agreement (Altria Group, Inc.), Restricted Stock Agreement (Philip Morris International Inc.)

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Death of Employee. If any of the Restricted Shares shall vest upon the death of the Employee, they shall be registered in the name of the estate of the Employee except that, to the extent permitted by the Compensation Committee, if the Company shall have theretofore received in writing a beneficiary designation, the Shares shall be registered in the name of the designated beneficiaryEmployee.

Appears in 8 contracts

Samples: Restricted Stock Agreement (Mondelez International, Inc.), Restricted Stock Agreement (Kraft Foods Inc), Restricted Stock Agreement (Mondelez International, Inc.)

Death of Employee. If any of the Shares shall vest upon the death of the Employee, they shall be registered in the name of the estate of the Employee except that, to the extent permitted by the Compensation Committee, if unless the Company shall have theretofore received in writing a beneficiary designation, the Shares in which event they shall be registered in the name of the designated beneficiary.

Appears in 6 contracts

Samples: Restricted Stock Agreement (Kraft Foods Inc), Restricted Stock Agreement (Kraft Foods Inc), Restricted Stock Agreement (Brady W H Co)

Death of Employee. If any of the Shares shall vest upon the death of the Employee, they shall be registered in the name of the estate of the Employee except that, to unless the extent permitted by the Compensation Committee, if the Company Corporation shall have theretofore received in writing a beneficiary designation, the Shares in which event they shall be registered in the name of the designated beneficiary.

Appears in 4 contracts

Samples: Restricted Stock Agreement (Brady Corp), Restricted Stock Agreement (Brady Corp), Restricted Stock Agreement (Brady Corp)

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Death of Employee. If any of the Shares shall vest upon the death of the Employee, they shall be registered in the name of the estate of the Employee except that, to the extent permitted by the Compensation Committee, if the Company shall have theretofore received in writing a beneficiary designation, the Shares shall be registered in the name of the designated beneficiary.

Appears in 1 contract

Samples: Restricted Stock Agreement (Kraft Foods Inc)

Death of Employee. If any of the Restricted Shares shall vest upon the death of the Employee, they shall be registered in the name of the estate of the Employee except that, to unless the extent permitted by the Compensation Committee, if the Company Corporation shall have theretofore received in writing a beneficiary designation, the Shares in which event they shall be registered in the name of the designated beneficiary.

Appears in 1 contract

Samples: Restricted Stock Agreement (Brady Corp)

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