Common use of Default Rule Clause in Contracts

Default Rule. In the event Grantee’s Continuous Service terminates due to death or Disability, this SAR shall continue to vest and become exercisable in accordance with the vesting schedule set forth in the Notice, as if the Grantee had remained in Continuous Service through the last day of the vesting period set forth in the Notice.

Default Rule. In the event Grantee’s Continuous Service terminates due to death or Disabilityafter the Grantee has satisfied the Age and Service Requirements, this SAR shall continue to vest and become exercisable in accordance with the vesting schedule set forth in the Notice, as if the Grantee had remained in Continuous Service through the last day of the vesting period set forth in the Notice.