Common use of Effect of Death Clause in Contracts

Effect of Death. If the termination of the Participant’s employment occurs as a result of the Participant’s death, vesting shall be accelerated and all of the restrictions imposed on the Restricted Shares by this Agreement shall lapse immediately.

Appears in 5 contracts

Samples: Restricted Stock Agreement (Health Care Reit Inc /De/), Restricted Stock Agreement (Health Care Reit Inc /De/), Restricted Stock Agreement (Health Care Reit Inc /De/)

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Effect of Death. If the termination of the Participant’s 's employment occurs as a result of the Participant’s 's death, vesting shall be accelerated and all of the restrictions imposed on the Restricted Shares by this Agreement shall lapse immediately.

Appears in 2 contracts

Samples: Restricted Stock Agreement (Health Care Reit Inc /De/), Restricted Stock Agreement (Health Care Reit Inc /De/)

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Effect of Death. If the termination of the Participant’s employment engagement occurs as a result of the Participant’s death, vesting shall be accelerated and all of the restrictions imposed on the Restricted Shares by this Agreement shall lapse immediately.

Appears in 1 contract

Samples: Restricted Stock Agreement (Health Care Reit Inc /De/)

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