Common use of Termination of Service upon Death, Disability or Qualified Retirement Clause in Contracts

Termination of Service upon Death, Disability or Qualified Retirement. Upon termination of Service due to the Participant’s death, disability or Qualified Retirement, (i) the Participant will receive accelerated vesting with respect to any Units that would have vested in the 24 month period following the termination and (ii) any remaining holding periods will be waived. The Participant will forfeit any unvested Units that would have vested after the expiration of the 24 month period following his or her death, disability or Qualified Retirement.

Appears in 4 contracts

Samples: Restricted Stock Unit Award Agreement (CIFC Corp.), Restricted Stock Unit Award Agreement (CIFC Corp.), Restricted Stock Unit Award Agreement (CIFC Corp.)

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