Death of Recipient. Any Stock Units Award that becomes payable after the recipient’s death shall be distributed to the recipient’s beneficiary or beneficiaries. Each recipient of a Stock Units Award under the Plan shall designate one or more beneficiaries for this purpose by filing the prescribed form with the Company. A beneficiary designation may be changed by filing the prescribed form with the Company at any time before the Award recipient’s death. If no beneficiary was designated or if no designated beneficiary survives the Award recipient, then any Stock Units Award that becomes payable after the recipient’s death shall be distributed to the recipient’s estate.
Appears in 11 contracts
Samples: Stock Option Agreement (Plus Therapeutics, Inc.), Plus Therapeutics, Inc., Vanda Pharmaceuticals Inc.
Death of Recipient. Any Stock Units Award that becomes payable after the recipient’s 's death shall be distributed to the recipient’s 's beneficiary or beneficiaries. Each recipient of a Stock Units Award under the Plan shall designate one or more beneficiaries for this purpose by filing the prescribed form with the Company. A beneficiary designation may be changed by filing the prescribed form with the Company at any time before the Award recipient’s 's death. If no beneficiary was designated or if no designated beneficiary survives the Award recipient, then any Stock Units Award that becomes payable after the recipient’s 's death shall be distributed to the recipient’s 's estate.
Appears in 3 contracts
Samples: Cal-Maine Foods Inc, Nanogen Inc, Zilog Inc
Death of Recipient. Any Stock Units Award that becomes payable after the recipient’s 's death shall be distributed to the recipient’s 's beneficiary or beneficiaries. Each recipient of a Stock Units Award under the Plan shall designate one or more beneficiaries for this purpose by filing the prescribed form with the CompanyCorporation. A beneficiary designation may be changed by filing the prescribed form with the Company Corporation at any time before the Award recipient’s 's death. If no beneficiary was designated or if no designated beneficiary survives the Award recipient, then any Stock Units Award that becomes payable after the recipient’s 's death shall be distributed to the recipient’s 's estate.
Appears in 1 contract
Samples: Theravance Inc
Death of Recipient. Any Stock Units Unit Award that becomes payable after the recipient’s death shall be distributed to the recipient’s beneficiary or beneficiaries. Each recipient of a Stock Units Unit Award under the Plan shall designate one or more beneficiaries for this purpose by filing the prescribed form with the CompanyCorporation. A beneficiary designation may be changed by filing the prescribed form with the Company Corporation at any time before the Award recipient’s death. If no beneficiary was designated or if no designated beneficiary survives the Award recipient, then any Stock Units Unit Award that becomes payable after the recipient’s death shall be distributed to the recipient’s estate.
Appears in 1 contract
Samples: Vignette Corp