Common use of Acceleration Upon Death or Disability Clause in Contracts

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.

Appears in 7 contracts

Samples: Executive Purchase Agreement (Allegiance Telecom Inc), Executive Purchase Agreement (Allegiance Telecom Inc), Executive Purchase Agreement (Allegiance Telecom Inc)

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Acceleration Upon Death or Disability. All Unvested Shares shall become Vested Shares if 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."

Appears in 3 contracts

Samples: Executive Stock Agreement and Employment Agreement (Focal Communications Corp), Executive Stock Agreement and Employment Agreement (Focal Communications Corp), Executive Stock Agreement and Employment Agreement (Focal Communications Corp)

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Acceleration Upon Death or Disability. All Unvested Shares shall become Vested Shares if 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."

Appears in 1 contract

Samples: Executive Stock Agreement and Employment Agreement (Focal Communications Corp)

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