Common use of Separation from Service due to Death or Disability Clause in Contracts

Separation from Service due to Death or Disability. If the Grantee’s separation from service is due to death or Disability (as defined below), the Restricted Stock Units shall immediately become 100% vested as of such separation from service. For purposes of this Agreement, the term “Disability” shall mean the complete and permanent inability of the Grantee to perform all of his or her duties under the terms of his or her employment, as determined by the Committee upon the basis of such evidence, including independent medical reports and data, as the Committee deems appropriate or necessary.

Appears in 17 contracts

Samples: 2011 Omnibus Incentive Plan (Xylem Inc.), 2011 Omnibus Incentive Plan (ITT Corp), 2011 Omnibus Incentive Plan (ITT Corp)

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Separation from Service due to Death or Disability. If the Grantee’s 's separation from service is due to death or Disability (as defined below), the Restricted Stock Units shall immediately become 100% vested as of such separation from service. For purposes of this Agreement, the term “Disability” shall mean the complete and permanent inability of the Grantee to perform all of his or her duties under the terms of his or her employment, as determined by the Committee upon the basis of such evidence, including independent medical reports and data, as the Committee deems appropriate or necessary.

Appears in 10 contracts

Samples: Omnibus Incentive Plan (ITT Inc.), Omnibus Incentive Plan (ITT Inc.), Omnibus Incentive Plan (ITT Inc.)

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Separation from Service due to Death or Disability. If the Grantee’s 's separation from service is due to death or Disability (as defined below), the Restricted Stock Units shall immediately become 100% vested as of such separation from service. For purposes of this Agreement, the term “Disability” shall mean the complete and permanent inability of the Grantee to perform all of his or her duties under the terms of his or her employment, as determined by the Committee Company upon the basis of such evidence, including independent medical reports and data, as the Committee Company deems appropriate or necessary.

Appears in 2 contracts

Samples: 2011 Omnibus Incentive Plan (Itt Inc.), 2011 Omnibus Incentive Plan (Itt Inc.)

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