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 will, if Participant was a U.S. resident and is then deceased, be made to Participant’s designated beneficiary, or if no beneficiary survives Participant, the administrator or executor of Participant’s estate. Any distribution or delivery 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.)

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Death of Participant. Any distribution or delivery to be made to Participant under this Award Agreement willAgreement, if Participant was a U.S. resident and is then deceased, will be made to Participant’s designated beneficiary: provided, or if however, that the Administrator has permitted the designation and such designation is valid under Applicable Laws. If no beneficiary survives Participant, or if the administrator designation was not permitted by the Administrator or executor of Participant’s estate. Any not valid under Applicable Laws, distribution or delivery to be made to Participant under this Award Agreement will, if Participant was not a U.S. resident and is then deceased, 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.)

Death of Participant. Any distribution or delivery to be made to Participant under this Award Agreement will, if Participant was a U.S. resident and is then deceased, be made to Participant’s designated beneficiary, provided such beneficiary has been designated prior to Participant’s death in a form acceptable to the Administrator, or if no beneficiary survives Participant, the administrator or executor of Participant’s estate. Any distribution estate (or delivery such other person to be made to Participant under this Award Agreement will, if Participant was not a U.S. resident and is then deceased, be made whom the Performance Shares are transferred pursuant to the administrator or executor of Participant’s estatewill 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: 2009 Equity Incentive Plan (Taleo Corp)

Death of Participant. Any distribution or delivery to be made to Participant under this Award Agreement will, if Participant was a U.S. resident and is then deceased, be made to Participant’s 's designated beneficiary, or if no beneficiary survives Participant, the administrator or executor of Participant’s 's estate. Any distribution or delivery 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 Agreement will, if Participant was a U.S. resident and is then deceased, be made to Participant’s designated beneficiary, or if no beneficiary survives Participant, the administrator or executor of Participant’s estate. Any distribution or delivery 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 Agreement will, if Participant was a U.S. resident and is then deceaseddeceased and the Administrator has permitted the designation of a beneficiary, be made to Participant’s designated beneficiary, or if no beneficiary designation has been permitted or made or no such designated beneficiary survives Participant, the administrator or executor of Participant’s estate. Any distribution estate (or delivery to be made to legal representative for Participant under this Award Agreement will, if Participant was not a U.S. resident and is then deceased, be made to outside the administrator or executor of Participant’s estateUnited 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: Restricted Stock Unit Award Agreement (Splunk Inc)

Death of Participant. Any distribution or delivery to be made to Participant under this Award Agreement will, if Participant was a U.S. resident and is then deceased, be made to Participant’s designated beneficiary, or if no beneficiary survives Participant, the administrator or executor of Participant’s estate. Any distribution or delivery 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)

Death of Participant. Any distribution or delivery to be made to Participant under this Award Agreement will, if Participant was a U.S. resident and is then deceased, be made to Participant’s designated beneficiary, provided such beneficiary has been designated prior to Participant’s death in a form acceptable to the Administrator, or if no beneficiary survives Participant, the administrator or executor of Participant’s estate. Any distribution estate (or delivery such other person to be made to Participant under this Award Agreement will, if Participant was not a U.S. resident and is then deceased, be made whom the Performance Shares are transferred pursuant to the administrator or executor of Participant’s estatewill 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: 2004 Stock Plan (Taleo Corp)

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