Common use of Death, Total Disability or Retirement Clause in Contracts

Death, Total Disability or Retirement. If you cease active employment (i.e., cease to be coded as active on the payroll system) with the ▇▇▇▇ ▇▇▇ Companies, because of your death or because you become Totally Disabled (as defined under the appropriate long term disability benefit plan if applicable), the Award will vest immediately and be distributed to you or your estate as soon as practical. In the case of your attaining age 55 or older and, if you have at least 10 years of service with the ▇▇▇▇ ▇▇▇ Companies when your employment terminates or attain age 65 regardless of service, the Award will continue to vest after your termination. These provisions apply only to Awards under this Grant Notice and Agreement; other types of awards may have different provisions.

Appears in 2 contracts

Sources: Restricted Stock Unit Grant Agreement, Restricted Stock Unit Grant Agreement (Sara Lee Corp)

Death, Total Disability or Retirement. If you cease active employment (i.e., cease to be coded as active on the payroll system) with the ▇▇▇▇ ▇▇▇ Companies, because of your death or because you become Totally Disabled permanent and total disability (as defined under the appropriate long term disability benefit plan plan, if applicable), the Award will continue to vest immediately and be distributed to you or your estate at the same time as soon as practicalit is to other Participants. In the case of your attaining age 55 or older and, if you have at least 10 years of service with the ▇▇▇▇ ▇▇▇ Companies when your employment terminates or attain age 65 65, regardless of service, the Award will continue to vest after your termination. These provisions apply only to Awards under this Grant Notice and Agreement; other types of awards may have different provisions.

Appears in 2 contracts

Sources: Performance Based Restricted Stock Unit Grant Agreement (Sara Lee Corp), Performance Based Restricted Stock Unit Grant Agreement (Sara Lee Corp)

Death, Total Disability or Retirement. If you cease active employment (i.e., cease to be coded as active on the payroll system) with the ▇▇▇▇ ▇▇▇ Companies, because of your death or because you become Totally Disabled permanent and total disability (as defined under the appropriate long term disability benefit plan if applicable), the Award will vest immediately and be distributed to you or your estate as soon as practical. In the case of your attaining age 55 or older and, if you have at least 10 years of service with the ▇▇▇▇ ▇▇▇ Companies when your employment terminates or attain age 65 regardless of service, the Award will continue to vest after your termination. These provisions apply only to Awards under this Grant Notice and Agreement; other types of awards may have different provisions.

Appears in 2 contracts

Sources: Restricted Stock Unit Grant Agreement (Sara Lee Corp), Restricted Stock Unit Grant Agreement (Sara Lee Corp)

Death, Total Disability or Retirement. If you cease active employment (i.e., cease to be coded as active on the payroll system) with the ▇▇▇▇ ▇▇▇ Hillshire Companies, because of your death or because you become Totally Disabled (as defined under the appropriate long long-term disability benefit plan plan, if applicable), the Award will shall vest immediately and be distributed to you or your estate as soon as practical. In the case of your attaining age 55 or older and, and if you have at least 10 years of service with the ▇▇▇▇ ▇▇▇ Hillshire Companies when your employment terminates terminates, or attain in the case of your attaining age 65 65, regardless of service, the Award will continue to vest after your termination. These provisions apply only to Awards the Award under this Grant Notice and Agreement; other types of awards may have different provisions.

Appears in 1 contract

Sources: Restricted Stock Unit Grant Agreement (Hillshire Brands Co)

Death, Total Disability or Retirement. If you cease active employment (i.e., cease to be coded as active on the payroll system) with the ▇▇▇▇ ▇▇▇ Companies, because of your death or because you become Totally Disabled (as defined under the appropriate long term disability benefit plan plan, if applicable), the Award will continue to vest immediately and be distributed to you or your estate at the same time as soon as practicalit is to other Participants pursuant to the terms of paragraph 6. In the case of your attaining age 55 or older and, and if you have at least 10 years of service with the ▇▇▇▇ ▇▇▇ Companies when your employment terminates or attain or, in the case of your attaining age 65 65, regardless of service, the Award will continue to vest after your termination. These provisions apply only to Awards the Award under this Grant Notice and Agreement; other types of awards may have different provisions.

Appears in 1 contract

Sources: Performance Based Restricted Stock Unit Grant Agreement (Sara Lee Corp)

Death, Total Disability or Retirement. If you cease active employment (i.e., cease to be coded as active on the payroll system) with the ▇▇▇▇ ▇▇▇ Companies, because of your death or because you become Totally Disabled (as defined under the appropriate long long-term disability benefit plan if applicable), the Award will vest immediately and be distributed to you or your estate as soon as practical. In the case of your attaining age 55 or older and, and if you have at least 10 years of service with the ▇▇▇▇ ▇▇▇ Companies when your employment terminates terminates, or attain in the case of your attaining age 65 regardless of service, the Award will continue to vest after your termination. These provisions apply only to Awards the Award under this Grant Notice and Agreement; other types of awards may have different provisions.

Appears in 1 contract

Sources: Restricted Stock Unit Grant Agreement (Sara Lee Corp)

Death, Total Disability or Retirement. If you cease active employment (i.e., cease to be coded as active on the payroll system) with the ▇▇▇▇ ▇▇▇ Companies, because of your death or because you become Totally Disabled (as defined under the appropriate long term disability benefit plan plan, if applicable), the Award will continue to vest immediately and be distributed to you or your estate at the same time as soon as practicalit is to other Participants. In the case of your attaining age 55 or older and, if you have at least 10 years of service with the ▇▇▇▇ ▇▇▇ Companies when your employment terminates or attain age 65 65, regardless of service, the Award will continue to vest after your termination. These provisions apply only to Awards under this Grant Notice and Agreement; other types of awards may have different provisions.

Appears in 1 contract

Sources: Performance Based Restricted Stock Unit Grant Agreement (Sara Lee Corp)