Common use of Death or Disability Vesting Clause in Contracts

Death or Disability Vesting. Notwithstanding Section 2(a), if the Recipient’s Relationship with the Company terminates as a result of his or her disability (as determined by the Board on the basis of medical advice satisfactory to it) or death, the Recipient’s Vesting Date shall be the date of termination and he or she shall be fully vested in his or her RSUs, provided the Recipient is not as of the date of delivery, or was not as of the date of death, in violation of any confidentiality, inventions, non-solicitation and/or non-competition agreement with the Company.

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (Iron Mountain Inc), Restricted Stock Unit Agreement (Iron Mountain Inc)

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Death or Disability Vesting. Notwithstanding Section 2(a), if the Recipient’s Relationship with the Company Recipient terminates employment as a result of his or her disability (as determined by the Board on the basis of medical advice satisfactory to it) or death, the Recipient’s Vesting Date shall be the date of termination and he or she shall be fully vested in his or her RSUs, RSUs provided the Recipient is not as of the date of delivery, or was not as of the date of death, in violation of any confidentiality, inventions, non-solicitation inventions and/or non-competition agreement with the Company.

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (Iron Mountain Inc), Restricted Stock Unit Agreement (Iron Mountain Inc)

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Death or Disability Vesting. Notwithstanding Section 2(a), if the Recipient’s Relationship with the Company terminates as a result of his or her disability (as determined by the Board on the basis of medical advice satisfactory to it) or death, the Recipient’s Vesting Date shall be the date of termination and he or she shall be fully vested in his or her RSUsCash Award, provided the Recipient is not as of the date of deliverypayment, or was not as of the date of death, in violation of any confidentiality, inventions, non-solicitation and/or non-competition agreement with the Company.

Appears in 1 contract

Samples: Cash Award Agreement (Iron Mountain Inc)

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