Death of Employee. If any of the RSUs shall vest upon the death of the Employee, any Common Stock received in payment of the vested RSUs shall be registered in the name of the estate of the Employee.
Appears in 13 contracts
Samples: Restricted Stock Unit Agreement (Philip Morris International Inc.), Restricted Stock Unit Agreement (Philip Morris International Inc.), Restricted Stock Unit Agreement (Philip Morris International Inc.)
Death of Employee. If any of the RSUs shall vest upon the death of the Employee, any Common Stock received in payment of the vested RSUs shall be registered in the name of the estate of the Employee. If the Company determines that settlement in the form of Common Stock is impractical or impermissible under the Estate laws of the Employee’s country of residence, the RSUs will be settled in the form of cash.
Appears in 7 contracts
Samples: Performance Incentive Plan (Philip Morris International Inc.), Restricted Stock Unit Agreement (Philip Morris International Inc.), Restricted Stock Unit Agreement (Philip Morris International Inc.)
Death of Employee. If any of the RSUs shall vest upon the death of the Employee, any Common Stock received in payment of the vested RSUs shall be registered in the name of the estate of the EmployeeEmployee except that, to the extent permitted by the Compensation Committee, if the Company shall have received in writing a beneficiary designation, the Common Stock shall be registered in the name of the designated beneficiary.
Appears in 6 contracts
Samples: Performance Incentive Plan (Altria Group, Inc.), Performance Incentive Plan (Altria Group, Inc.), Performance Incentive Plan (Altria Group, Inc.)
