Common use of Acceleration of Awards Clause in Contracts

Acceleration of Awards. In the event of the Participant’s death or Disability (treating service as a director of the Company as “employment” under the terms of the Plan), all unvested Shares subject to this Restricted Stock Award shall become vested upon such date. The Committee, in its sole discretion, otherwise may elect to accelerate the vesting for all or any part of the Shares subject to the Restricted Stock Award on the date of the Participant’s termination of service.

Appears in 1 contract

Samples: Director Restricted Stock Award Agreement (Helmerich & Payne, Inc.)

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Acceleration of Awards. In the event of the Participant’s death or Disability (treating service as a director of the Company as “employment” Disability, any and all shares under the terms of the Plan), all unvested Shares subject to this Restricted Stock Award shall become vested upon such date. The Committee, in its sole discretion, otherwise may elect to accelerate the vesting for all or any part of the Shares shares subject to the Restricted Stock Award for which the applicable Vesting Date(s) has not yet occurred on the date of the Participant’s termination of serviceservice due to an approved reason.

Appears in 1 contract

Samples: Director Nonqualified Stock Option Agreement (Helmerich & Payne Inc)

Acceleration of Awards. In the event of the Participant’s death or Disability (treating service as a director of the Company as “employment” under the terms of the Plan), all unvested Shares subject to this Restricted Stock Award shall become vested upon such date. The Committee, in its sole discretion, otherwise may elect to accelerate the vesting for all or any part of the Shares subject to the Restricted Stock Award on the date of the Participant’s termination of service.

Appears in 1 contract

Samples: Director Restricted Stock Award Agreement (Helmerich & Payne, Inc.)

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Acceleration of Awards. In the event of the Participant’s death or Disability (treating service as a director of the Company as “employment” under the terms of the Plan)Disability, all unvested Shares subject to this Restricted Stock Award shall become vested upon such date. The Committee, in its sole discretion, otherwise may elect to accelerate the vesting for all or any part of the Shares subject to the Restricted Stock Award for which the applicable Vesting Date(s) has not yet occurred on the date of the Participant’s termination of serviceservice due to an approved reason.

Appears in 1 contract

Samples: Director Nonqualified Stock Option Agreement (Helmerich & Payne, Inc.)

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