Common use of Death, Disability and Retirement Clause in Contracts

Death, Disability and Retirement. For avoidance of doubt, the termination of Executive’s Employment as a result of death, Disability or Retirement shall not constitute a Termination Without Cause triggering the rights described in Section 6(c)(i); provided, however, that Executive’s outstanding equity-based awards shall be treated in accordance with Section 6(b) above, with Executive’s personal representative signing the Release on behalf of Executive’s estate and Executive’s equity-based awards being exercised by, or paid to, Executive’s personal representative or such other successor in interest to Executive, as applicable.

Appears in 6 contracts

Samples: Executive Employment Agreement (TCF Financial Corp), Executive Employment Agreement (TCF Financial Corp), Executive Employment Agreement (TCF Financial Corp)

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Death, Disability and Retirement. For avoidance of doubt, the termination of Executive’s Employment as a result of death, Disability or Retirement shall not constitute a 8 Termination Without Cause triggering the rights described in Section 6(c)(i); provided, however, that Executive’s outstanding equity-based awards shall be treated in accordance with Section 6(b) above, with Executive’s personal representative signing the Release on behalf of Executive’s estate and Executive’s equity-based awards being exercised by, or paid to, Executive’s personal representative or such other successor in interest to Executive, as applicable.

Appears in 1 contract

Samples: Executive Employment Agreement

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