DISABILITY OF DIRECTOR. In the event the Director ceases to be a member of the Board due to disability, the unvested Reelection Grant Shares will immediately vest. For the purposes of this Agreement, the Director shall be deemed to be disabled if the Committee shall determine that the physical or mental condition of the Director was such at that time as would entitle him or her, if he or she was employed by the Company, to payment of monthly disability benefits under any Company disability plan.
Appears in 5 contracts
Samples: Reelection Grant Restricted Stock Award Agreement (Stage Stores Inc), Reelection Grant Restricted Stock Award Agreement (Stage Stores Inc), Reelection Grant Restricted Stock Award Agreement (Stage Stores Inc)
DISABILITY OF DIRECTOR. In the event the Director ceases to be a member of the Board due to disability, the unvested Reelection Initial Grant Shares will immediately vest. For the purposes of this Agreement, the Director shall be deemed to be disabled if the Committee shall determine that the physical or mental condition of the Director was such at that time as would entitle him or her, if he or she was employed by the Company, to payment of monthly disability benefits under any Company disability plan.
Appears in 4 contracts
Samples: Initial Grant Restricted Stock Award Agreement (Stage Stores Inc), Initial Grant Restricted Stock Award Agreement (Stage Stores Inc), Initial Grant Restricted Stock Award Agreement (Stage Stores Inc)
DISABILITY OF DIRECTOR. In the event the Director ceases to be a member of the Board due to disability, the unvested Reelection Grant Shares will immediately vest. For the purposes of this Agreement, the Director shall be deemed to be disabled if the Committee shall determine that the physical or mental condition of the Director was such at that time as would entitle him or herthe Director, if he or she the Director was employed by the Company, to payment of monthly disability benefits under any Company disability plan.
Appears in 2 contracts
Samples: Reelection Grant Restricted Stock Award Agreement (Stage Stores Inc), Reelection Grant Restricted Stock Award Agreement (Stage Stores Inc)
DISABILITY OF DIRECTOR. In the event the Director ceases to be a member of the Board due to disability, the unvested Reelection Initial Grant Shares will immediately vest. For the purposes of this Agreement, the Director shall be deemed to be disabled if the Committee shall determine that the physical or mental condition of the Director was such at that time as would entitle him or herthe Director, if he or she the Director was employed by the Company, to payment of monthly disability benefits under any Company disability plan.
Appears in 2 contracts
Samples: Initial Grant Restricted Stock Award Agreement (Stage Stores Inc), Initial Grant Restricted Stock Award Agreement (Stage Stores Inc)
DISABILITY OF DIRECTOR. In the event the Director ceases to be a member of the Board due to disability, the unvested Reelection Grant Shares will immediately vest. For the purposes of this Agreement, the Director shall be deemed to be disabled if the Committee shall determine that the physical or mental condition of the Director was such at that time as would entitle him or her, if he or she was employed by the Company, to payment of monthly disability benefits under any Company disability plan.as
Appears in 1 contract
Samples: Reelection Grant Restricted Stock Award Agreement (Stage Stores Inc)
