Common use of Death, Disability, Retirement Clause in Contracts

Death, Disability, Retirement. If the Participant, dies, becomes Disabled or Retires during the Performance Period, the amount of the Participant’s Award shall be based on the achievement of the Performance Objectives determined as of the fiscal quarter ended nearest to the Participant’s death, Disability or Retirement. Payment with respect to the Award will be made in a lump sum within 60 days following the Participant’s death, Disability or Retirement.

Appears in 4 contracts

Samples: Performance Based Award Agreement (First Defiance Financial Corp), Performance Based Award Agreement (First Defiance Financial Corp), Performance Based Award Agreement (First Defiance Financial Corp)

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