Death, Disability, Retirement. If the Participant, dies, becomes Disabled or Retires during the Performance Period, the Participant shall vest in a number of RSUs based on the achievement of the Performance Objectives determined as of the fiscal quarter ended nearest to the Participant’s death, Disability or Retirement. Vested RSUs shall be settled in a lump sum within 60 days following the Participant’s death, Disability or Retirement.
Appears in 6 contracts
Samples: Long Term Restricted Stock Unit Award Agreement (First Defiance Financial Corp), Restricted Stock Unit Award Agreement (First Defiance Financial Corp), Performance Based Restricted Stock Unit Award Agreement (First Defiance Financial Corp)
Death, Disability, Retirement. If the Participant, dies, becomes Disabled or Retires during the any Performance Period, the Participant shall vest in a number of RSUs for that Performance Period based on the achievement of the Performance Objectives determined as of the fiscal quarter ended nearest to the Participant’s death, Disability or Retirement. Vested RSUs shall be settled in a lump sum within 60 days following the Participant’s death, Disability or Retirement.
Appears in 2 contracts
Samples: Performance Based Restricted Stock Unit Award Agreement (First Defiance Financial Corp), Performance Based Restricted Stock Unit Award Agreement (First Defiance Financial Corp)
