Common use of Additional Vesting Provisions Clause in Contracts

Additional Vesting Provisions. (i) If, prior to the Final Vesting Date, the Grantee dies or has a Separation from Service as a result of Disability, all RSUs shall become fully vested, converted into an equivalent number of shares of Company Stock and distributed to the Grantee in a single distribution within 30 days following the Grantee’s death or such Separation from Service, as the case may be, in either case without regard to any distribution deferral election.

Appears in 4 contracts

Samples: Restricted Stock Unit Agreement (Unifi Inc), Restricted Stock Unit Agreement (Unifi Inc), Restricted Stock Unit Agreement (Unifi Inc)

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Additional Vesting Provisions. (i) If, prior to the Final Vesting Date, the Grantee dies or has a Separation from Service as a result of Disability, all RSUs shall become fully vested, converted into an equivalent number a cash amount equal to the Fair Market Value of shares a share of Company Stock as of the date of such death or Separation from Service, multiplied by the number of RSUs vesting on such date, and distributed paid to the Grantee in a single distribution within 30 days following the Grantee’s death or such Separation from Service, as the case may be, in either case without regard to any distribution deferral election.

Appears in 2 contracts

Samples: Settled Restricted Stock Unit Agreement (Unifi Inc), Restricted Stock Unit Agreement (Unifi Inc)

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