Termination of Employment or Service Due to Death or Disability Sample Clauses

Termination of Employment or Service Due to Death or Disability. If, before the Option becomes vested, the Optionee’s Continuous Service terminates due to the Optionee’s death or is terminated by the Company due to the Optionee’s Disability, then the Option will thereupon become fully vested.
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Termination of Employment or Service Due to Death or Disability. In the event of a Termination of Service due to death or Disability (as defined in the Plan), any unvested Restricted Stock Unit as of the date of the Participant’s death or Disability will immediately vest, including any unvested Restricted Stock Units held by a Participant who was eligible for continued vesting following a Qualifying Retirement. (c)
Termination of Employment or Service Due to Death or Disability. Unless otherwise determined by the Committee, in the event that the Participant’s employment or service with the Company or any Subsidiary terminates by reason of the Participant’s death or Disability (each a “Special Termination”), then all Options held by the Participant that are exercisable as of the date of such Special Termination may be exercised by the Participant or the Participant’s beneficiary as designated in accordance with Section 9.2 of the Plan, or if no such beneficiary is named, by the Participant’s estate, at any time prior to 12 months following the Participant’s termination of employment or the Normal Expiration Date of the Options, whichever period is shorter (unless earlier terminated pursuant to Section 5). Upon a Special Termination, any Options that are not then exercisable shall terminate and be cancelled immediately upon such termination of employment.
Termination of Employment or Service Due to Death or Disability. If Participant’s employment or service with Noble and its Affiliates terminates prior to the Vesting Date by reason of Participant’s death or Disability, the Performance Shares that are still outstanding and any related Dividend Equivalent Cash Rights will vest and become payable at a 100% payout percentage as of the date of such termination of employment or service regardless of the level of satisfaction of any performance criteria and without regard to any Committee certification.
Termination of Employment or Service Due to Death or Disability. In the event of a Termination of Service due to death or Disability (as defined in the Plan), any unvested Option as of the date of the Optionee’s death or Disability will immediately vest, including any unvested Options held by a Optionee who was eligible for continued vesting following a Qualifying Retirement. In the event of Termination of Service due to death, the Optionee’s beneficiaries or heirs will have a period of one year from the Termination of Service to exercise any vested Options. In the event of Termination of Service due to Disability, any vested Options will remain exercisable until the Expiration Date.

Related to Termination of Employment or Service Due to Death or Disability

  • Termination of Employment or Service If the Participant’s employment or service with the Company and its Affiliates terminates for any reason, all unvested RSUs shall be cancelled immediately and the Participant shall not be entitled to receive any payments with respect thereto.

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