Common use of Death, Disability and Termination of Employment Clause in Contracts

Death, Disability and Termination of Employment. (i) In the event of the Participant’s death or Disability prior to the Final Certification Date and prior to forfeiture of the Performance Shares, the Performance Goals for the Full Three-Year Performance Period shall be deemed to be satisfied at a level equal to the greater of the designated Target Performance level or the Projected Performance Level (as defined in Appendix A) as of the date of such death or Disability, and the resulting number of Earned Shares less Earned Shares earned for a prior completed Applicable Performance Period (if any), together with the number of Earned Shares earned for any previously completed Applicable Performance Period shall become fully vested and shall (subject to Plan Section 17.13) be distributed to the Participant or his or her beneficiary within sixty (60) days following the end of the fiscal quarter in which the Participant’s death or Disability occurs. The term “

Appears in 2 contracts

Samples: Long Term Performance Share Award Agreement (Comtech Telecommunications Corp /De/), Performance Share Award Agreement (Comtech Telecommunications Corp /De/)

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Death, Disability and Termination of Employment. (i) In the event of the Participant’s death or Disability prior to the Final Certification Certification/Vesting Date and prior to forfeiture of the Performance Shares, the Performance Goals for the Full Three-Year Performance Period shall be deemed to be satisfied at a level equal to the greater of the designated Target Performance level or the Projected Performance Level (as defined in Appendix A) as of the date of such death or Disability, and the resulting number of Earned Shares less any Earned Shares earned for a prior completed Applicable Performance Period (if any), together with the number of Earned Shares earned for any previously prior completed Applicable Performance Period shall become fully vested and shall (subject to Plan Section 17.13) be distributed to the Participant or his or her beneficiary within sixty (60) days following the end of the fiscal quarter in which the Participant’s death or Disability occurs. The term “

Appears in 2 contracts

Samples: Performance Share Award Agreement (Comtech Telecommunications Corp /De/), Performance Share Award Agreement (Comtech Telecommunications Corp /De/)

Death, Disability and Termination of Employment. (i) In the event of the Participant’s death or Disability prior to the Final Certification Date and prior to forfeiture of the Performance Shares, the Performance Goals Measures for the Full Three-Year Performance Period shall be deemed to be satisfied at a level equal to the greater of the designated Target Performance level Level or the Projected Performance Level (as defined in Appendix A) as of the date of such death or Disability, and the resulting number of Earned Shares less Earned Shares earned for a prior completed Applicable Performance Period (if any), together with the number of Earned Shares earned for any previously completed Applicable Performance Period shall become fully vested and shall (subject to Plan Section 17.13) be distributed to the Participant or his or her beneficiary within sixty (60) days following the end of the fiscal quarter in which the Participant’s death or Disability occursDisability. The term “

Appears in 1 contract

Samples: Term Performance Award Agreement (Comtech Telecommunications Corp /De/)

Death, Disability and Termination of Employment. (i) In the event of the Participant’s death or Disability prior to the Final Certification Date and prior to forfeiture of the Performance SharesUnits, the Performance Goals for the Full Three-Year Performance Period shall be deemed to be satisfied at a level equal to the greater of the designated Target Performance level or the Projected Performance Level (as defined in Appendix A) as of the date of such death or Disability, and the resulting number of Earned Shares Units less Earned Shares Units earned for a prior completed Applicable Performance Period (if any), together with the number of Earned Shares Units earned for any previously completed Applicable Performance Period shall become fully vested and cash payments with respect thereto shall (subject to Plan Section 17.13) be distributed to the Participant or his or her beneficiary within sixty (60) days following the end of the fiscal quarter in which the Participant’s death or Disability occurs. The term “

Appears in 1 contract

Samples: Settled Performance Unit Award Agreement (Comtech Telecommunications Corp /De/)

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Death, Disability and Termination of Employment. (i) In the event of the Participant’s death or Disability prior to the Final Certification Certification/Vesting Date and prior to forfeiture of the Performance Shares, the Performance Goals for the Full Three-Year Performance Period shall be deemed to be satisfied at a level equal to the greater of the designated Target Performance level or the Projected Performance Level (as defined in Appendix A) as of the date of such death or Disability, and the resulting number of Earned Shares less any Earned Shares earned for a prior completed Applicable Performance Period (if any), together with the number of Earned Shares earned for any previously prior completed Applicable Performance Period shall become fully vested and shall (subject to Plan Section 17.13) be distributed to the Participant or his or her beneficiary within sixty (60) days following the end of the fiscal quarter in which the Participant’s death or Disability occurs. The term “’s

Appears in 1 contract

Samples: Performance Share Award Agreement (Comtech Telecommunications Corp /De/)

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