Common use of Certain Terminations Prior to Vesting Clause in Contracts

Certain Terminations Prior to Vesting. The Participant’s right to vest in any of the Restricted Stock shall terminate in full and be immediately forfeited upon the Participant’s Termination for any reason; provided however, that in the event of the Participant’s Termination due to Participant’s death or Disability (each a “Special Termination”), the Restricted Stock shall immediately become unrestricted and vested.

Appears in 10 contracts

Samples: Restricted Stock Agreement (Andersons, Inc.), Restricted Stock Agreement (Andersons, Inc.), Restricted Stock Agreement (Andersons, Inc.)

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