Common use of Death of Awardee Clause in Contracts

Death of Awardee. Notwithstanding the provisions of Section 5 above, if Awardee is, at the time of death, in Continuous Status as a Participant, outstanding unvested Earned SAs shall become immediately vested.

Appears in 5 contracts

Samples: Stock Award Agreement (Microsoft Corp), Stock Award Agreement (Microsoft Corp), Stock Award Agreement (Microsoft Corp)

AutoNDA by SimpleDocs

Death of Awardee. Notwithstanding the provisions of Section 5 above, if Awardee is, at the time of death, in Continuous Status as a Participant, outstanding unvested Earned SAs under this Award Agreement shall become immediately vested.

Appears in 3 contracts

Samples: Stock Award Agreement (Microsoft Corp), Stock Award Agreement (Microsoft Corp), Stock Award Agreement (Microsoft Corp)

AutoNDA by SimpleDocs

Death of Awardee. Notwithstanding the provisions of Section 5 4 above, if Awardee is, at the time of death, in Continuous Status as a Participant, outstanding unvested Earned SAs under the Award shall become immediately vested.

Appears in 2 contracts

Samples: Stock Award Agreement (Microsoft Corp), Stock Award Agreement (Microsoft Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!