Termination of Employment Due to Death. If the Employee's employment with the Company or any of its subsidiaries is terminated because of death prior to the Release Date, (i) the restrictions of Paragraph 2 applicable to the Restricted Stock shall terminate on the date of death and such Restricted Stock shall be free of such restrictions and, except as otherwise provided in Paragraph 4 hereof, freely transferable, and (ii) a Release Date shall be deemed to have occurred for all RSUs.
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Samples: Incorporated Terms (Mgic Investment Corp), Incorporated Terms (Mgic Investment Corp), Incorporated Terms (Mgic Investment Corp)
Termination of Employment Due to Death. If the Employee's ’s employment with the Company or any of its subsidiaries is terminated because of death prior to the Release Date, (i) the restrictions of Paragraph 2 applicable to the Restricted Stock shall terminate on the date of death and such Restricted Stock shall be free of such restrictions and, except as otherwise provided in Paragraph 4 hereof, freely transferable, and (ii) a Release Date shall be deemed to have occurred for all RSUs.
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Samples: Incorporated Terms Dated (Mgic Investment Corp), Incorporated Terms (Mgic Investment Corp)
Termination of Employment Due to Death. If the Employee's employment with the Company or any of its subsidiaries is terminated because of death prior to the Release Date, (i) the restrictions of Paragraph 2 applicable to the Restricted Stock shall terminate on the date of death and such Restricted Stock shall be free of such restrictions and, except as otherwise provided in Paragraph 4 hereof, freely transferable, and (ii) a Release Date shall be deemed to have occurred for all RSUs.
Appears in 2 contracts
Samples: Incorporated Terms (Mgic Investment Corp), Incorporated Terms (Mgic Investment Corp)
Termination of Employment Due to Death. If the Employee's employment with the Company or any of its subsidiaries all Participating Companies is terminated because of death prior to the Release Date, (i) the restrictions of Paragraph 2 applicable to the Restricted Stock shall terminate on the date of death and such Restricted Stock shall be free of such restrictions and, except as otherwise provided in Paragraph 4 hereof, freely transferable, and (ii) a Release Date shall be deemed to have occurred for all RSUs.
Appears in 1 contract
Samples: Incentive Award Restricted Stock Award Agreement (Mgic Investment Corp)
Termination of Employment Due to Death. If the Employee's ’s employment with the Company or any of its subsidiaries is terminated because of death prior to the Release Date, (i) the restrictions of Paragraph 2 applicable to the Restricted Stock shall terminate on the date of death and such Restricted Stock shall be free of such restrictions and, except as otherwise provided in Paragraph 4 hereof, freely transferable, transferable and (ii) a Release Date shall be deemed to have occurred for all RSUs.
Appears in 1 contract
