Common use of Death or Total and Permanent Disability Clause in Contracts

Death or Total and Permanent Disability. If the Participant’s termination of employment is due to death or Total and Permanent Disability, it shall result in pro rata vesting, as determined by the Committee, and the number of shares that are considered to vest shall be prorated for the number of full months of employment during the Restricted Period prior to the Participant’s termination of employment, and shall be paid 70 days following the Participant’s termination of employment.

Appears in 6 contracts

Samples: Award Agreement (Kimberly Clark Corp), Award Agreement (Kimberly Clark Corp), Award Agreement (Kimberly Clark Corp)

AutoNDA by SimpleDocs

Death or Total and Permanent Disability. If the Participant’s termination of employment is due to death or Total and Permanent Disability, it shall result in pro rata vesting, as determined by the Committee, and the number of shares that are considered to vest shall be prorated for the number of full months of employment during the Restricted Period prior to the Participant’s termination of employment, and shall be paid 70 90 days following the Participant’s termination of employment.

Appears in 5 contracts

Samples: Award Agreement (Kimberly Clark Corp), Award Agreement (Kimberly Clark Corp), Award Agreement (Kimberly Clark Corp)

Death or Total and Permanent Disability. If the Participant’s 's termination of employment is due to death or Total and Permanent Disability, it shall result in pro rata vesting, as determined by the Committee, and the number of shares that are considered to vest shall be prorated for the number of full months of employment during the Restricted Period prior to the Participant’s 's termination of employment, and shall be paid 70 90 days following the Participant’s 's termination of employment.

Appears in 1 contract

Samples: Award Agreement (Kimberly Clark Corp)

Death or Total and Permanent Disability. If In the Participantevent that more than six months after the date of grant the Employee’s termination of employment is due to death or Total and Permanent Disability, it shall result in pro rata vesting, as determined by the Committee, and the number of shares that are considered to vest shall be prorated for the number of full months of employment during the Restricted Period prior to the Participant’s termination of employment, and shall be paid 70 within 90 days following the Participant’s termination of employment.

Appears in 1 contract

Samples: Award Agreement (Kimberly Clark Corp)

AutoNDA by SimpleDocs

Death or Total and Permanent Disability. If the Participant’s termination of employment or service is due to death or Total and Permanent Disability, it shall result in pro rata vesting, as determined by the Committee, and the number of shares that are considered to vest shall be prorated for the number of full months of employment during the Restricted Period prior to the Participant’s termination of employment, and shall be paid within 70 days following the Participant’s termination of employmentemployment or service.

Appears in 1 contract

Samples: Award Agreement (Halyard Health, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.