Termination of Period of Restriction Upon Certain Terminations of Employment. The Period of Restriction for all of the Restricted Shares shall terminate (to the extent that the Period of Restriction has not previously terminated or the Restricted Shares have not previously been forfeited) upon the occurrence of any of the following: (a) the death of Grantee; (b) the Grantee ceasing to be an Employee due to "disability" within the meaning of that term under Code Section 409A and the regulations promulgated thereunder; or (c) upon or after the occurrence of a "Change in Control" (as defined in Article 15 of the Plan) either (i) Grantee's employment with the Company and its subsidiaries is terminated by the Company without "Cause" or (ii) Grantee terminates employment with the Company and its subsidiaries for "Good Reason". For purposes of this Section 4:
Appears in 2 contracts
Samples: Plan Restricted Stock Grant Agreement (Bank of Hawaii Corp), Plan Restricted Stock Grant Agreement (Bank of Hawaii Corp)
Termination of Period of Restriction Upon Certain Terminations of Employment. The Period of Restriction for all of the Restricted Shares RSUs shall terminate (to the extent that the Period of Restriction has not previously terminated or the Restricted Shares RSUs have not previously been forfeited) upon the occurrence of any of the following: (a) the death of Grantee; (b) the Grantee ceasing to be an Employee due to "disability" within the meaning of that term under Code Section 409A and the regulations promulgated thereunder; or (c) upon or after the occurrence of a "Change in Control" (as defined in Article 15 of the Plan) either (i) Grantee's employment with the Company and its subsidiaries is terminated by the Company without "Cause" or (ii) Grantee terminates employment with the Company and its subsidiaries for "Good Reason". For purposes of this Section 4:
Appears in 2 contracts
Samples: Plan Restricted Stock Grant Agreement (Bank of Hawaii Corp), Plan Restricted Stock Grant Agreement (Bank of Hawaii Corp)
