Common use of Death or Disability of Participant Clause in Contracts

Death or Disability of Participant. If, prior to the Vesting Date, Participant’s Continuous Service terminates due to death or a Disability, Participant will vest in and be entitled to 100% of the Performance Restricted Stock Units as of the date of the Participant’s termination of Continuous Service due to death or Disability (“Death or Disability Vesting Date”), provided such termination of Participant’s Continuous Service constitutes a “separation from service” as defined under Section 409A (“Separation from Service”), regardless of the attainment of the performance criteria as of the last day of the Performance Period.

Appears in 5 contracts

Samples: Performance Restricted Stock Unit Grant Agreement (First Interstate Bancsystem Inc), Performance Restricted Stock Unit Grant Agreement (First Interstate Bancsystem Inc), Performance Restricted Stock Unit Grant Agreement (First Interstate Bancsystem Inc)

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