Common use of Disability of Awardee Clause in Contracts

Disability of Awardee. Notwithstanding the provisions of Section 5 above, in the event of termination of Awardee’s continuous status as a Participant as a result of total and permanent disability, if the disability of the Awardee occurs before the end of any full one-year vesting period, then no special vesting acceleration relating to disability shall occur, and Awardee’s rights under this Award Agreement in any Awards shall terminate.

Appears in 2 contracts

Samples: Award Agreement (Fidelity D & D Bancorp Inc), Chief Executive Officer Agreement (Fidelity D & D Bancorp Inc)

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Disability of Awardee. Notwithstanding the provisions of Section 5 the Sections above, in the event of termination of Awardee’s continuous status employment as a Participant as a result of total and permanent disability, if the disability of the Awardee occurs before the end of any full one-year vesting period, then no special vesting acceleration relating to disability shall occur, and Awardee’s rights under this Award Agreement in any Awards shall terminate.

Appears in 2 contracts

Samples: Award Agreement (Fidelity D & D Bancorp Inc), Award Agreement (Fidelity D & D Bancorp Inc)

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