Common use of Death or Permanent and Total Disability Clause in Contracts

Death or Permanent and Total Disability. If the Participant’s employment is terminated prior to the End of the Performance Period due to death or Permanent and Total Disability, the Award shall become 100% vested on the occurrence of such event. In such event, the payout of the Award shall be made in the manner and at the time contemplated by Paragraphs 1 and 2 above based upon achievement of the Performance Goal(s) for the entire Performance Period.

Appears in 3 contracts

Samples: Performance Unit Award Agreement (Fpic Insurance Group Inc), Performance Unit Award Agreement (Fpic Insurance Group Inc), Performance Unit Award Agreement (Fpic Insurance Group Inc)

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Death or Permanent and Total Disability. If the Participant’s 's employment is terminated prior to the End of the Performance Period due to death or Permanent and Total Disability, the Award shall become 100% vested on the occurrence of such event. In such event, the payout of the Award shall be made in the manner and at the time contemplated by Paragraphs 1 and 2 above based upon achievement of the Performance Goal(s) for the entire Performance Period.

Appears in 1 contract

Samples: Performance Unit Award Agreement (Fpic Insurance Group Inc)

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