Common use of Death or Disability of the Employee Clause in Contracts

Death or Disability of the Employee. (a) Time-Based Restricted Stock In the event (i) of the death of the Employee, or (ii) the Company terminates the Employee’s employment due to a permanent and total disability which results in the Employee’s inability to return to work with the Company, all previously granted shares of Time-Based Restricted Stock not yet free of the restrictions of Section A.1(a) shall become immediately free of such restrictions.

Appears in 6 contracts

Samples: Restricted Stock Agreement (Build-a-Bear Workshop Inc), Restricted Stock Agreement (Build-a-Bear Workshop Inc), Restricted Stock Agreement (Build-a-Bear Workshop Inc)

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Death or Disability of the Employee. (a) Time-Based Restricted Stock In the event of (i) of the death of the Employee, or (ii) the Company terminates the Employee’s employment due to a permanent and total disability which results in the Employee’s inability to return to work with the Companywork, all previously granted shares of Time-Based Restricted Stock not yet free of the restrictions of Section A.1(a) A.1 shall become immediately free of such restrictions.

Appears in 1 contract

Samples: Restricted Stock & Non Qualified Stock Option Agreement (Build a Bear Workshop Inc)

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