Common use of Death, Disability or Good Reason Clause in Contracts

Death, Disability or Good Reason. In the event the Participant’s employment with the Company and/or any Subsidiary is terminated due to death or Disability, or by reason of the Participant’s resignation for Good Reason, any unvested Restricted Stock as of the date of the Participant’s termination of employment shall immediately become fully vested and the remainder of the Period of Restriction relating to such Restricted Stock shall immediately lapse. For purposes of this Stock Agreement, “Good Reason” means termination of the Participant’s employment with the Company or any Subsidiary because of resignation by the Participant for any of the following reasons:

Appears in 4 contracts

Samples: Employment Agreement (Zebra Technologies Corp), Employment Agreement (Zebra Technologies Corp), Restricted Stock Agreement (Zebra Technologies Corp/De)

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Death, Disability or Good Reason. In the event the Participant’s employment with the Company and/or any Subsidiary and its Subsidiaries is terminated due to death or Disability, or by reason of the Participant’s resignation for Good Reason, any unvested Restricted Stock as of the effective date of the Participant’s termination of employment shall immediately become fully vested and the remainder of the Period of Restriction relating to such Restricted Stock shall immediately lapse. For purposes of this Stock Agreement, “Good Reason” means termination of the Participant’s employment with the Company or any Subsidiary and its Subsidiaries because of resignation by the Participant for any of the following reasons:

Appears in 1 contract

Samples: Restricted Stock Agreement (Zebra Technologies Corp)

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Death, Disability or Good Reason. In the event the Participant’s employment with the Company and/or any Subsidiary and its Subsidiaries is terminated prior to December 31, 2012 due to death or Disability, or by reason of the Participant’s resignation for Good Reason, any unvested Restricted Stock a number of Shares equal to the Target Shares shall immediately become fully vested as of the effective date of the Participant’s termination of employment shall immediately become fully vested and the remainder of the Period of Restriction relating to such Restricted Stock shall immediately lapse. For purposes of this Stock Agreement, “Good Reason” means termination of the Participant’s employment with the Company or any Subsidiary and its Subsidiaries because of resignation by the Participant for any of the following reasons:

Appears in 1 contract

Samples: Restricted Stock Agreement (Zebra Technologies Corp)

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