Common use of Acceleration of Vesting Upon Death Clause in Contracts

Acceleration of Vesting Upon Death. If a Participant ceases to be an employee by reason of death, then the Participant or his or her estate, in addition to the portion of the Award previously vested under this Agreement, shall become immediately vested, as of the date of death, in the portion of the Award that had not previously vested.

Appears in 4 contracts

Samples: Long Term Cash Award Agreement, Long Term Cash Award Agreement, Long Term Cash Award Agreement

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Acceleration of Vesting Upon Death. If a Participant ceases to be an employee by reason of death, then the Participant Participant, or his or her estate, in addition to the portion of the Award previously vested under this Agreement, shall become immediately vested, as of the date of death, in the portion of the Award that had not previously vested.

Appears in 3 contracts

Samples: Long Term Cash Award Agreement, Long Term Cash Award Agreement, Long Term Cash Award Agreement

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