Termination of Employment Change of Control. (a) In the event of the Participant’s death prior to the termination of his Continuous Service, any unvested Stock Units shall immediately vest and the underlying Unit Shares shall be immediately delivered to the Participant’s beneficiary or beneficiaries.
Appears in 11 contracts
Samples: Stock Unit Agreement (Abovenet Inc), Stock Unit Agreement (Abovenet Inc), Stock Unit Agreement (Abovenet Inc)
Termination of Employment Change of Control. (a) In the event of the Participant’s death prior to the termination vesting of his Continuous Serviceall Stock Units granted under this Agreement or prior to delivery of all Unit Shares after vesting has occurred, any unvested Stock Units Units, if any, shall immediately vest and the underlying Unit Shares shall be immediately delivered to the Participant’s beneficiary or beneficiaries.
Appears in 6 contracts
Samples: Stock Unit Agreement (Abovenet Inc), Stock Unit Agreement (Abovenet Inc), Stock Unit Agreement (Abovenet Inc)
Termination of Employment Change of Control. (a) In the event of the Participant’s death prior to the termination of his Continuous Service, any unvested Stock Units shall immediately vest and the underlying Unit Shares of all vested Stock Units shall be immediately delivered to the Participant’s beneficiary or beneficiaries.
Appears in 5 contracts
Samples: Stock Unit Agreement (Abovenet Inc), Stock Unit Agreement (Abovenet Inc), Stock Unit Agreement (Abovenet Inc)
Termination of Employment Change of Control. (a) In the event of the Participant’s death prior to the termination vesting of his Continuous Serviceall Stock Units granted under this Agreement, any unvested Stock Units Units, if any, shall immediately vest and the underlying Unit Shares shall be immediately delivered to the Participant’s beneficiary or beneficiaries.
Appears in 2 contracts
Samples: Stock Unit Agreement (Abovenet Inc), Stock Unit Agreement (Abovenet Inc)