Common use of Termination of Employment by Reason of Death or Disability Clause in Contracts

Termination of Employment by Reason of Death or Disability. If the Grantee's employment terminates by reason of death or the Grantee's total and permanent disability (as defined in any agreement between the Grantee and the Company or, if no such agreement is in effect, as determined by the Committee (or its delegate) in its good faith discretion, in accordance with the definition used by the Company’s then current Long Term Disability insurance carrier), then the RSUs shall become fully vested as of such date of termination.

Appears in 4 contracts

Samples: Restricted Stock Unit Agreement (Employers Holdings, Inc.), Restricted Stock Unit Agreement (Employers Holdings, Inc.), Restricted Stock Unit Agreement (Employers Holdings, Inc.)

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Termination of Employment by Reason of Death or Disability. If the Grantee's employment terminates by reason of death or the Grantee's total and permanent disability (as defined in any agreement between the Grantee and the Company or, if no such agreement is in effect, as determined by the Committee (or its delegate) in its good faith discretion, in accordance with the definition used by the Company’s 's then current Long Term Disability insurance carrier), then the RSUs shall become fully vested as of such date of termination.

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (Employers Holdings, Inc.), Restricted Stock Unit Agreement (Employers Holdings, Inc.)

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Termination of Employment by Reason of Death or Disability. If the Grantee's employment with the Company and any Subsidiary of the Company terminates by reason of death or the Grantee's total and permanent disability (as defined in any agreement between the Grantee and the Company or, if no such agreement is in effect, as determined by the Committee (or its delegate) in its good faith discretion, in accordance with the definition used by the Company’s then current Long Term Disability insurance carrier), then the RSUs shall become fully vested as of such date of termination.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Employers Holdings, Inc.)

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