After Performance Period. If the Participant dies or terminates employment with the Company and each of the Affiliates of the Company due to Disability or Retirement after the Performance Period has ended but before the service-based vesting requirements specified for the PBRSUs in Section 2(B) of this Agreement have been satisfied, all unvested PBRSUs granted to the Participant pursuant to this Agreement which remain outstanding as of the date of the Participant’s death or termination of employment with the Company and each of the Affiliates of the Company due to Disability or Retirement will immediately vest.
Appears in 3 contracts
Samples: Performance Based Restricted Stock Unit Award Agreement (Park National Corp /Oh/), Performance Based Restricted Stock Unit Award Agreement (Park National Corp /Oh/), Performance Based Restricted Stock Unit Award Agreement (Park National Corp /Oh/)
After Performance Period. If the Participant dies or terminates employment with the Company and each of the its Affiliates of the Company due to Disability or Retirement after the Performance Period has ended but before the service-based vesting requirements specified for the PBRSUs in Section 2(B) of this Agreement have been satisfied, all unvested PBRSUs granted to the Participant pursuant to this Agreement which remain outstanding as of the date of the Participant’s death or termination of employment with the Company and each of the its Affiliates of the Company due to Disability or Retirement will immediately vest.
Appears in 2 contracts
Samples: Performance Based Restricted Stock Unit Award Agreement (Park National Corp /Oh/), Performance Based Restricted Stock Unit Award Agreement (Park National Corp /Oh/)
After Performance Period. If the Participant dies or terminates employment with the Company and each of the its Affiliates of the Company due to Disability or Retirement after the Performance Period has ended but before the service-based vesting requirements specified for the PBRSUs in Section 2(B) of this Agreement have been satisfied, all unvested PBRSUs granted to the Participant pursuant to this Agreement which remain outstanding as of the date of the Participant’s death or termination of employment with the Company and each of the its Affiliates of the Company due to Disability or Retirement will immediately vest.
Appears in 1 contract
Samples: Performance Based Restricted Stock Unit Award Agreement (Park National Corp /Oh/)
