Common use of Qualifying Termination of Employment or Termination of Employment Due to Death or Permanent Disability Clause in Contracts

Qualifying Termination of Employment or Termination of Employment Due to Death or Permanent Disability. In the event of the Participant’s Qualifying Termination or termination of employment due to death or permanent disability, the Participant’s outstanding RSUs immediately shall vest and shall settle within two (2) months following such termination of employment, and the Dividend Equivalents that correspond to the RSUs that vest pursuant to this sentence shall be paid within two (2) months following such termination of employment. For purposes of this Section 1.5(b), a Participant shall have a “permanent disability” if he is found to be disabled under the terms of SunCoke’s long-term disability policy in effect at the time of the Participant’s termination due to such condition or if the Committee in the exercise of its sole discretion makes such determination.

Appears in 2 contracts

Samples: Restricted Share Unit Agreement (SunCoke Energy, Inc.), Restricted Share Unit Agreement (SunCoke Energy, Inc.)

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Qualifying Termination of Employment or Termination of Employment Due to Death or Permanent Disability. In the event of the Participant’s Qualifying Termination or termination of employment due to death or permanent disability, the Participant’s outstanding RSUs immediately shall vest and shall settle be paid within two (2) months following such termination of employment, and the Dividend Equivalents that correspond to the RSUs that vest pursuant to this sentence shall be paid within two (2) months following such termination of employment. For purposes of this Section 1.5(b), a Participant shall have a “permanent disability” if he is found to be disabled under the terms of SunCoke’s long-term disability policy in effect at the time of the Participant’s termination due to such condition or if the Committee in the exercise of its sole discretion makes such determination.

Appears in 2 contracts

Samples: Restricted Share Unit Agreement (SunCoke Energy, Inc.), Restricted Share Unit Agreement (SunCoke Energy, Inc.)

Qualifying Termination of Employment or Termination of Employment Due to Death or Permanent Disability. In the event of the Participant’s Qualifying Termination or termination of employment due to death or permanent disability, the Participant’s outstanding RSUs immediately shall vest and shall settle within two (2) months following such termination of employment, and the Dividend Equivalents that correspond to the RSUs that vest pursuant to this sentence shall be paid within two (2) months following such termination of employment. For purposes of this Section 1.5(b), a Participant shall have a “permanent disability” if he is found to be disabled under the terms of SunCoke’s long-term disability policy in effect at the time of the Participant’s termination due to such condition or if the Committee in the exercise of its sole discretion makes such determination.the

Appears in 1 contract

Samples: Restricted Share Unit Agreement (SunCoke Energy, Inc.)

Qualifying Termination of Employment or Termination of Employment Due to Death or Permanent Disability. In the event of the Participant’s Qualifying Termination or termination of employment due to death or permanent disability, the Participant’s outstanding RSUs immediately shall vest and shall settle within two (2) months following such termination of employment, and the Dividend Equivalents that correspond to the RSUs that vest pursuant to this sentence shall be paid within two (2) months following such termination of employment. For purposes of this Section 1.5(b)1.5, a Participant shall have a “permanent disability” if he is found to be disabled under the terms of SunCoke’s long-term disability policy in effect at the time of the Participant’s termination due to such condition or if the Committee in the exercise of its sole discretion makes such determination. All other provisions of the Restricted Share Unit Agreement shall remain in full force and effect.

Appears in 1 contract

Samples: Restricted Share Unit (SunCoke Energy, Inc.)

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Qualifying Termination of Employment or Termination of Employment Due to Death or Permanent Disability. In the event of the Participant’s Qualifying Termination or termination of employment due to death or permanent disability, the Participant’s outstanding RSUs immediately shall vest and shall settle within two (2) months following such termination of employment, and the Dividend Equivalents that correspond to the RSUs that vest pursuant to this sentence shall be paid within two (2) months following such termination of employment. For purposes of this Section 1.5(b)1.5, a Participant shall have a “permanent disability” if he is found to be disabled under the terms of SunCoke’s long-term disability policy in effect at the time of the Participant’s termination due to such condition or if the Committee in the exercise of its sole discretion makes such determination.

Appears in 1 contract

Samples: Restricted Share Unit Agreement (SunCoke Energy, Inc.)

Qualifying Termination of Employment or Termination of Employment Due to Death or Permanent Disability. In the event of the Participant’s Qualifying Termination or termination of employment due to death or permanent disability, the Participant’s outstanding RSUs immediately shall vest and shall settle be paid within two (2) months following such termination of employment, and the Dividend Equivalents that correspond to the RSUs that vest pursuant to this sentence shall be paid within two (2) months following such termination of employment. For purposes of this Section 1.5(b), a Participant shall have a “permanent disability” if he is found to be disabled under the terms of SunCoke’s long-term disability policy in effect at the time of the Participant’s termination due to such condition or if the Committee in the exercise of its sole discretion makes such determination.. (c)

Appears in 1 contract

Samples: Restricted Share Unit Agreement (SunCoke Energy, Inc.)

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