Common use of Death of Awardee Clause in Contracts

Death of Awardee. Notwithstanding the provisions of Section 4 above, upon the death of the Awardee: a. If the Awardee is, at the time of death, in Continuous Status as an Employee, the vesting date for the SAs, set out in Section 2(a) above, shall accelerate by twelve (12) months as of the date of death; and b. The Awardee’s rights in any unvested SAs that remain after the application of Section 6(a) shall terminate at the time of the Awardee’s death.

Death of Awardee. Notwithstanding the provisions of Section 4 above, upon in the event of the death of the Awardee: a. (a) If the Awardee is, at the time of death, in Continuous Status as an Employeea Participant, the next vesting date for the SAs, set out in Section 2(a) above, shall accelerate by twelve (12) months as of the date of death; and. b. (b) The Awardee’s rights in any unvested SAs that remain after the application of Section 6(a) shall terminate at the time of the Awardee’s death.

Death of Awardee. Notwithstanding the provisions of Section 4 above, upon in the event of the death of the Awardee: a. (a) If the Awardee is, at the time of death, in Continuous Status as an Employeea Participant, the next vesting date for the SAs, set out in Section 2(a) above, shall accelerate by twelve (12) months as of the date of death; and. b. The (b) Awardee’s rights in any unvested SAs that remain after the application of Section 6(a) shall terminate at the time of the Awardee’s death.