Common use of Special Vesting Rules Clause in Contracts

Special Vesting Rules. (1) All of Employee's Units automatically will vest and become nonforfeitable if (after he or she has signed this Deferred Stock Award Agreement) (A) his or her employment with the Company or a Subsidiary terminates as a result of his or her (i) death, (ii) Permanent Disability (as defined in §3(d)(5)), (iii) Lay Off (as defined in § 3(d)(2)), (iv)Retirement (as defined in§ 3(d)(3)), (v) termination by the Company or a Subsidiary without Cause (as defined in§ 3(d)(4)) or (B) there is a Change in Control.

Appears in 2 contracts

Samples: Deferred Stock Award Agreement (Piedmont Office Realty Trust, Inc.), Deferred Stock Award Agreement (Piedmont Office Realty Trust, Inc.)

AutoNDA by SimpleDocs

Special Vesting Rules. (1) All of Employee's Units automatically will vest and become nonforfeitable if (after he or she has signed this Deferred Stock Award Agreement) (A) his or her employment with the Company or a Subsidiary terminates as a result of his or her (i) death, (ii) Permanent Disability (as defined in §§ 3(d)(5)), (iii) Lay Off (as defined in § 3(d)(2)), (iv)Retirement (as defined in§ in § 3(d)(3)), (v) termination by the Company or a Subsidiary without Cause (as defined in§ in § 3(d)(4)) or (B) there is a Change in ControlControl (as defined in § 3(d)(6)).

Appears in 2 contracts

Samples: Deferred Stock Award Agreement (Piedmont Office Realty Trust, Inc.), Deferred Stock Award Agreement (Piedmont Office Realty Trust, Inc.)

Special Vesting Rules. (1) All of Employee's Units automatically will vest and become nonforfeitable if (after he or she has signed this Deferred Stock Award Agreement) (A) his or her employment Employee incurs a Termination of Service with the Company or a Subsidiary terminates as a result of his or her (i) death, (ii) Permanent Disability (as defined in §3(d)(5§ 3(e)(4)), (iii) Lay Off (as defined in § 3(d)(23(e)(2)), (iv)Retirement (as defined in§ 3(d)(3in § 3(e)(3)), (v) termination by the Company or a Subsidiary without Cause (as defined in§ 3(d)(4)) or (B) there is a Change in ControlControl (as defined in § 3(e)(5)).

Appears in 1 contract

Samples: Deferred Stock Award Agreement (Piedmont Office Realty Trust, Inc.)

Special Vesting Rules. (1) All of Employee's Units automatically will vest and become nonforfeitable if (after he or she has signed this Deferred Stock Award Agreement) (A) his or her employment Employee incurs a Termination of Service with the Company or a Subsidiary terminates as a result of his or her (i) death, (ii) Permanent Disability (as defined in §3(d)(5§ 3(d)(4)), (iii) Lay Off (as defined in § 3(d)(2)), (iv)Retirement (as defined in§ in § 3(d)(3)), (v) termination by the Company or a Subsidiary without Cause (as defined in§ 3(d)(4)) or (B) there is a Change in ControlControl (as defined in § 3(d)(5)).

Appears in 1 contract

Samples: Deferred Stock Award Agreement (Piedmont Office Realty Trust, Inc.)

AutoNDA by SimpleDocs

Special Vesting Rules. (1) All of Employee's ’s Units automatically will vest and become nonforfeitable if (after he or she has signed this Deferred Stock Award Agreement) (A) his or her employment Employee incurs a Termination of Service with the Company or a Subsidiary terminates as a result of his or her (i) death, (ii) Permanent Disability (as defined in §3(d)(5§ 3(d)(4)), (iii) Lay Off (as defined in § 3(d)(2)), (iv)Retirement (as defined in§ in § 3(d)(3)), (v) termination by the Company or a Subsidiary without Cause (as defined in§ 3(d)(4)) or (B) there is a Change in ControlControl (as defined in § 3(d)(5)).

Appears in 1 contract

Samples: Deferred Stock Award Agreement (Piedmont Office Realty Trust, Inc.)

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