Common use of Acceleration on Death or Disability Clause in Contracts

Acceleration on Death or Disability. Upon Termination of Employment by reason of Employee’s death or Disability (as defined in Section 11 below) or upon Employee’s Disability prior to Termination of Employment (as determined by the Committee and within the meaning of Section 409A of the U.S. Internal Revenue Code (the “Code”)), all Restricted Stock Units that are not vested at that time immediately and automatically will become vested in full.

Appears in 4 contracts

Samples: Schlumberger 2013 Omnibus Stock Incentive Plan (Schlumberger Limited/Nv), Omnibus Stock Incentive Plan (Schlumberger Limited/Nv), Restricted Stock Unit Award Agreement (Schlumberger LTD /Nv/)

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Acceleration on Death or Disability. Upon Termination of Employment from the Company by reason of Employee’s death or Disability disability (as defined in Section 11 below) determined by the Committee), or upon Employee’s Disability disability prior to a Termination of Employment (as determined by the Committee and within the meaning of Section 409A of the U.S. Internal Revenue Code of 1986, as amended (the “Internal Revenue Code”)), ) all Restricted Stock Units that are not vested at that time immediately and automatically will become vested in full.

Appears in 3 contracts

Samples: Restricted Stock Unit Award Agreement (Waste Management Inc), Restricted Stock Unit Award Agreement (Waste Management Inc), Restricted Stock Unit Award Agreement

Acceleration on Death or Disability. Upon Termination of Employment from the Company by reason of Employee’s 's death or Disability disability (as defined in Section 11 below) determined by the Committee), or upon Employee’s Disability 's disability prior to a Termination of Employment (as determined by the Committee and within the meaning of Section 409A of the U.S. Internal Revenue Code of 1986, as amended (the "Internal Revenue Code")), ) all Restricted Stock Units that are not vested at that time immediately and automatically will become vested in full.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Waste Management Inc)

Acceleration on Death or Disability. Upon Termination of Employment from the Company by reason of Employee’s death or Disability disability (as defined in determined by the Committee and within the meaning of Section 11 below) 409A of the Internal Revenue Code of 1986, as amended (the “Internal Revenue Code”)), or upon Employee’s Disability disability prior to a Termination of Employment (as determined by the Committee and within the meaning of Section 409A of the U.S. Internal Revenue Code (the “Code”)), all Restricted Stock Units that are not vested at that time immediately and automatically will become vested in full.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Waste Management Inc)

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Acceleration on Death or Disability. Upon Termination of Employment from the Company and its Subsidiaries by reason of Employee’s death or Disability (as defined in Section 11 15(a) below) or upon Employee’s Disability prior to Termination of Employment (as determined by the Committee and within the meaning of Section 409A of the U.S. Internal Revenue Code (the “Code”)), all Restricted Stock Units that are not vested at that time immediately and automatically will shall become vested in full.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Schlumberger LTD /Nv/)

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