Death, Total Disability or Retirement. If you cease active employment with the Xxxx Xxx Companies, because of your death or permanent and total disability (as defined under the appropriate disability benefit plan, if applicable), the Award will continue to vest and be distributed to your estate at the same time as it 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 Xxxx Xxx 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
Samples: 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 with the Xxxx Xxx Companies, because of your death or permanent and total disability (as defined under the appropriate 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 it is to other Participantssoon as practical. In the case of your attaining age 55 or older and, if you have at least 10 years of service with the Xxxx Xxx 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
Samples: 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 with the Xxxx Xxx Companies, because of your death or permanent and total disability (as defined under the appropriate disability benefit plan, plan if applicable), the Award award will continue to vest immediately and be distributed to you or your estate at the same time as it is to other Participantssoon as practical. In the case of your attaining age 55 or older and, if you have at least 10 years of service with the Xxxx Xxx Companies when your employment terminates or attain age 65, 65 regardless of service, the Award award will continue to vest after your termination. These provisions apply only to Awards under this Grant Notice and Agreementthe award granted herein; other types of RSU awards may have different provisions.
Appears in 1 contract
Samples: Restricted Stock Unit Grant Agreement (Lee Sara Corp)