Acceleration Upon Death or Disability. Upon the occurrence of the death or Disability (as defined below) of the Stockholder, the Purchase Option shall lapse with respect to those Unvested Shares that would have ceased to become Unvested Shares upon the Vesting Date next succeeding the date of death or the first date of Disability.
Acceleration Upon Death or Disability. All Unvested Shares shall become Vested Shares if Executive's employment with the Company or any of its Subsidiaries terminates by reason of Executive's death or Disability.
Acceleration Upon Death or Disability. All Unvested Securities shall become Vested Securities if Executive's employment with the Corporation or any of its Subsidiaries terminates by reason of Executive's death or Disability.
Acceleration Upon Death or Disability. If the Recipient ceases to be employed by or in the service of the Company as a result of death or physical disability (within the meaning of Section 22(e)(3) of the Internal Revenue Code of 1986, as amended), all of the Restricted Shares shall immediately vest.
Acceleration Upon Death or Disability. If Optionee's employment with the Company is terminated as a result of Optionee's death or Disability, this Option shall, upon the effectiveness of the Release executed by Optionee (or her personal representative if applicable), automatically vest and become exercisable for that portion of this Option that would have vested if Optionee had remained in the employment of the Company through and including the first anniversary of the date of such termination of employment.
Acceleration Upon Death or Disability. All Unvested Restricted Shares shall become Vested Restricted Shares upon the Termination Date if your employment with the Company terminates because of your death or permanent physical disability (as determined by the Committee in its sole discretion).
Acceleration Upon Death or Disability. If Executive's ------------------------------------- employment with the Company or any of its Subsidiaries terminates by reason of Executive's death or Disability, all Unvested Shares shall become Vested Shares."
(c) Paragraph 2(f) of the Executive Stock Agreement is hereby amended by adding the following sentence at the end of such section: "Any Unvested Shares which the Company (or its assignees pursuant to paragraph 3(e) hereof) has elected to repurchase in the Repurchase Notice provided for in paragraph 3(b) below but for which a closing in accordance with paragraph 3(g) below has not occurred within the time frame set forth in paragraph 3(g) (as modified by paragraph 3(h), if applicable or extended by request of or agreement by the Executive) for a reason other than Executive's failure to perform his obligations under this paragraph 3 shall thereafter be deemed Vested Shares for all purposes of this Agreement and the Stockholders Agreement."
(d) Paragraph 3(c)(ii) of the Executive Stock Agreement is hereby amended and restated in its entirety to read as follows:
Acceleration Upon Death or Disability. If the Recipient ceases to be employed by or in the service of the Company as a result of death or physical disability (within the meaning of Section 22(e)(3) of the Code), all of the RSUs shall immediately vest.
Acceleration Upon Death or Disability. If Executive’s employment with the Company Parties is terminated by reason of Executive’s death or Disability, at least 60% of the Executive Securities shall be Vested Securities (i.e., to the extent, but only to the extent, that less than 60% of the Executive Securities have not already vested upon such termination of employment, the Executive Securities will vest as of the date of such termination so that 60% of the Executive Securities shall be Vested Securities and 40% shall be Unvested Securities).
Acceleration Upon Death or Disability. Notwithstanding anything to the contrary in this Agreement, one hundred percent (100%) of the then Unvested Units shall cease to be, and no longer be deemed, Unvested Units hereunder immediately upon the Member’s death and fifty percent (50%) of the then Unvested Units shall cease to be, and no longer be deemed, Unvested Units hereunder immediately in the event of the Member’s Disability (as defined in Section 2.5 below); provided, such event occurs on or prior to the Termination Date.
