Vesting Upon Death. If the Participant’s employment is terminated by reason of his or her death, the Shares shall become vested, and the restrictions lifted, on a prorated basis reflecting the percentage of such Shares that was accrued by the Company on its books at the time of the Participant’s death. In such event, the restrictions will be lifted from such prorated portion of the Shares, and such prorated Shares shall be freely transferable to the person(s) to whom the Participant’s share rights pass by will or by the applicable laws of descent and distribution.
Vesting Upon Death. The 401(a) account will 100% vest if the teacher dies while actively employed at South Xxxxxxxxxx Community School Corporation after having completed five or more years of teaching experience at South Xxxxxxxxxx Community School Corporation.
Vesting Upon Death. Notwithstanding the foregoing, such number of RSUs shall vest immediately in the event Participant’s Continuous Service terminates as a result of his or her death as is determined by multiplying (i) the Target RSUs by (ii) the percentage determined by dividing (x) the number of calendar days elapsed from the beginning of the Performance Period through and including the date of death, by (y) one thousand ninety-five.
Vesting Upon Death. Upon the Participant’s death during active employment with the Company, all then outstanding and unvested Restricted Stock Units granted hereunder shall become immediately vested without regard to the vesting schedule set forth in Section 1 of this Agreement.
Vesting Upon Death. In the event of the Employee’s death while the restricted stock award is outstanding, such award shall immediately become fully vested, notwithstanding the vesting schedule in this Agreement, provided that:
Vesting Upon Death. If you die while an Employee of CBI and prior to you being deemed vested in any of the Units awarded you under this Agreement pursuant to paragraph 2, 4, 5, or 6 hereof, then: (i) on the date of your death you shall be deemed vested in the number of Units (rounded up to the nearest whole Unit) that bears the same ratio to the total number of Units awarded you under this Agreement as the number of days in the period that begins on the Award Date and ends on the date of your death bears to the number of days in the period that begins on the Award Date and ends on the third annual anniversary of the Award Date; and (ii) within the 60 consecutive day period that begins on the date of your death, CBI shall distribute to the executor, administrator, or other personal representative of your estate a number of Shares equal to the number of Units in which you have become vested under this paragraph 3 (subject to the tax withholding requirements included in the Plan).
Vesting Upon Death. If the Director is terminated by reason of his or her death, then 100% of the Shares shall become vested in full, and the restrictions lifted. In such event, the restrictions will be lifted from the Shares, and the Shares shall be freely transferable to the person(s) to whom the Director’s share rights pass by will or by the applicable laws of descent and distribution.
Vesting Upon Death. If the undersigned’s employment is terminated before the end of the Term by reason of death, then Units reflecting the percentage of such Award that has been accrued (but not previously distributed in the form of Shares) by the Company on its books at the time of the undersigned’s death shall immediately vest, and the remainder shall be automatically and immediately forfeited. Payment will be made in accordance with the last sentence of Paragraph 6.
Vesting Upon Death. In the event of your death while an Employee, the number of LTIP Units (rounded up to the nearest whole LTIP Unit) that bears the same ratio to the Target LTIP Unit Award as the number of days from the beginning of the Performance Period through the date of your death bears to 1,095 will be deemed to be Earned LTIP Units. You will become vested in such Earned LTIP Units as of the date of your death. Any LTIP Units that are not deemed to be Earned LTIP Units pursuant to the calculation described in the preceding sentence shall be forfeited to CyrusOne as of your date of death in accordance with the terms of Section 6 hereof.
Vesting Upon Death. If you die while an Employee of CBI and prior to your being deemed vested in the Award pursuant to paragraph 2, 4 or 5 hereof, then (i) on the date of your death you shall be deemed vested in a pro rata portion of the Restricted Cash Amount that bears the same ratio to the total Restricted Cash Amount awarded you under this Agreement as the number of days in the period that begins on the Award Date and ends on the date of your death bears to the number of days in the period that begins on the Award Date and ends on the third annual anniversary of the Award Date; and (ii) within the 60 consecutive day period that begins on the date of your death, CBI shall distribute to the executor, administrator, or other personal representative of your estate a cash payment equal to the pro rata portion of the Restricted Cash Amount in which you have become vested under this paragraph 3 (subject to all applicable tax withholding requirements).
