Common use of Death of Participant Clause in Contracts

Death of Participant. Any distribution or delivery to be made to Participant under this Award Agreement, if Participant is then deceased, will be made to Participant’s designated beneficiary: provided, however, that the Administrator has permitted the designation and such designation is valid under Applicable Laws. If no beneficiary survives Participant, or if the designation was not permitted by the Administrator or not valid under Applicable Laws, distribution or delivery shall be made to the administrator or executor of Participant’s estate. Any such transferee must furnish the Company with (a) written notice of his or her status as transferee, and (b) evidence satisfactory to the Company to establish the validity of the transfer and compliance with any laws or regulations pertaining to said transfer.

Appears in 3 contracts

Samples: Restricted Stock Unit Agreement (Paymentus Holdings, Inc.), Restricted Stock Unit Agreement (Paymentus Holdings, Inc.), Restricted Stock Unit Agreement (Paymentus Holdings, Inc.)

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Death of Participant. Any distribution or delivery to be made to Participant under this Award AgreementAgreement will, if Participant was a U.S. resident and is then deceased, will be made to Participant’s designated beneficiary: provided, however, that the Administrator has permitted the designation and such designation is valid under Applicable Laws. If or if no beneficiary survives Participant, the administrator or if the designation was not permitted by the Administrator or not valid under Applicable Laws, executor of Participant’s estate. Any distribution or delivery shall to be made to Participant under this Award Agreement will, if Participant was not a U.S. resident and is then deceased, be made to the administrator or executor of Participant’s estate. Any such transferee must furnish the Company with (a) written notice of his or her status as transferee, and (b) evidence satisfactory to the Company to establish the validity of the transfer and compliance with any laws or regulations pertaining to said transfer.

Appears in 3 contracts

Samples: Performance Stock Unit Award Agreement (Fortinet, Inc.), Restricted Stock Unit Award Agreement (Fortinet, Inc.), Restricted Stock Unit Award Agreement (Fortinet, Inc.)

Death of Participant. Any For Participants providing services in the United States, any distribution or delivery to be made to Participant under this Award Agreement, if Participant is then deceased, will be made to Participant’s designated beneficiary: provided, however, that the Administrator has permitted the designation and such designation is valid under Applicable Laws. If or if no beneficiary survives Participant, or if the designation was not permitted by the Administrator or not valid under Applicable Laws, distribution or delivery shall be made to the administrator or executor of Participant’s estate. For Participants providing services outside of the United States, any distribution or delivery to be made to Participant under this Award Agreement will be made to the executor or legal representative of Participant’s estate. Any such transferee under this Section 6 must furnish the Company with (a) written notice of his or her status as transferee, and (b) evidence satisfactory to the Company to establish the validity of the transfer and compliance with any laws or regulations pertaining to said transfer.

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (Ambarella Inc), Restricted Stock Unit Agreement (Ambarella Inc)

Death of Participant. Any distribution or delivery to be made to Participant under this Award AgreementAgreement will, if Participant is then deceased, will be made to Participant’s designated beneficiary: provided, howeverprovided such beneficiary has been designated prior to Participant’s death in a form acceptable to the Administrator, that the Administrator has permitted the designation and such designation is valid under Applicable Laws. If or if no beneficiary survives Participant, or if the designation was not permitted by the Administrator or not valid under Applicable Laws, distribution or delivery shall be made to the administrator or executor of Participant’s estateestate (or such other person to whom the Performance Shares are transferred pursuant to the Participant’s will or in accordance with the laws of descent and distribution). Any such transferee must furnish the Company with (a) written notice of his or her status as transferee, and (b) evidence satisfactory to the Company to establish the validity of the transfer and compliance with any laws or regulations pertaining to said transfer.

Appears in 1 contract

Samples: Performance Shares Agreement (Taleo Corp)

Death of Participant. Any distribution or delivery to be made to Participant under this Award AgreementAgreement will, if Participant is then deceased, will be made to Participant’s designated beneficiary: provided, howeverprovided such beneficiary has been designated prior to Participant’s death in a form acceptable to the Administrator, that the Administrator has permitted the designation and such designation is valid under Applicable Laws. If or if no beneficiary survives Participant, or if the designation was not permitted by the Administrator or not valid under Applicable Laws, distribution or delivery shall be made to the administrator or executor of Participant’s estateestate (or such other person to whom the Performance Shares are transferred pursuant to the Participant’s will or in accordance with the laws of descent and distribution). Any such transferee must furnish the Company with (a) written notice of his or her status as transferee, and (b) evidence satisfactory to the Company to establish the validity of the transfer and compliance with any laws or regulations pertaining to said transfertransfer and (c) written acceptance of the terms and conditions of this Award as set forth in this Award Agreement.

Appears in 1 contract

Samples: Performance Shares Agreement (Taleo Corp)

Death of Participant. Any distribution or delivery to be made to Participant under this Award AgreementAgreement will, if Participant was a U.S. resident and is then deceased, will be made to Participant’s designated beneficiary: provided, however, that the Administrator has permitted the designation and such designation is valid under Applicable Laws. If or if no beneficiary survives Participant, the administrator or if the designation was not permitted by the Administrator or not valid under Applicable Laws, executor of Participant’s estate. Any distribution or delivery shall to be made to Participant under this Award Agreement will, if Participant was not a U.S. resident and is then deceased, be made to the 6623174-v9\GESDMS administrator or executor of Participant’s estate. Any such transferee must furnish the Company with (a) written notice of his or her status as transferee, and (b) evidence satisfactory to the Company to establish the validity of the transfer and compliance with any laws or regulations pertaining to said transfer.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Fortinet Inc)

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Death of Participant. Any distribution or delivery to be made to Participant under this Award AgreementAgreement will, if Participant was a U.S. resident and is then deceased, will be made to Participant’s 's designated beneficiary: provided, however, that the Administrator has permitted the designation and such designation is valid under Applicable Laws. If or if no beneficiary survives Participant, the administrator or if the designation was not permitted by the Administrator or not valid under Applicable Laws, executor of Participant's estate. Any distribution or delivery shall to be made to Participant under this Award Agreement will, if Participant was not a U.S. resident and is then deceased, be made to the administrator or executor of Participant’s 's estate. Any such transferee must furnish the Company with (a) written notice of his or her status as transferee, and (b) evidence satisfactory to the Company to establish the validity of the transfer and compliance with any laws or regulations pertaining to said transfer.

Appears in 1 contract

Samples: Performance Stock Unit Award Agreement (Fortinet Inc)

Death of Participant. Any distribution or delivery to be made to Participant under this Award AgreementAgreement will, if Participant is then deceaseddeceased and the Administrator has permitted the designation of a beneficiary, will be made to Participant’s designated beneficiary: provided, however, that the Administrator or if no beneficiary designation has been permitted the designation and or made or no such designation is valid under Applicable Laws. If no designated beneficiary survives Participant, or if the designation was not permitted by the Administrator or not valid under Applicable Laws, distribution or delivery shall be made to the administrator or executor of Participant’s estateestate (or legal representative for Participant outside the United States). Any such transferee must furnish the Company with (a) written notice of his or her status as transferee, and (b) evidence and information satisfactory to the Company to establish the validity of the transfer and compliance with any laws or regulations pertaining to said transfertransfer (including tax reporting).

Appears in 1 contract

Samples: Global Restricted Stock Unit Award Agreement (Splunk Inc)

Death of Participant. Any distribution or delivery to be made to Participant under this Award AgreementAgreement will, if Participant was a U.S. resident and is then deceased, will be made to Participant’s designated beneficiary: provided, however, that the Administrator has permitted the designation and such designation is valid under Applicable Laws. If or if no beneficiary survives Participant, the administrator or if the designation was not permitted by the Administrator or not valid under Applicable Laws, executor of Participant’s estate. Any distribution or delivery shall to be made to Participant under this Award Agreement will, if Participant was not a U.S. resident and is then deceased, be made to the administrator or executor of Participant’s estate. Any such transferee must furnish the Company with (a) written notice of his or her status as transferee, and (b) evidence satisfactory to the Company to establish the validity of the transfer and compliance with any laws or regulations pertaining to said transfer.. 6584426-v15\GESDMS

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Fortinet Inc)

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