Common use of Disability or Death of Employee Clause in Contracts

Disability or Death of Employee. Any Stock delivered pursuant to Section 4 shall be delivered to the Employee if legally competent or to a legally designated guardian or representative if the Employee is legally incompetent. If the Employee is not then living, the Stock shall be delivered to the representative of the Employee’s estate.

Appears in 9 contracts

Samples: Performance Share Unit Agreement (Haemonetics Corp), Performance Share Unit Agreement (Haemonetics Corp), Performance Share Unit Agreement (Haemonetics Corp)

AutoNDA by SimpleDocs

Disability or Death of Employee. Any Stock Shares delivered pursuant to Section 4 shall be delivered to the Employee if legally competent or to a legally designated guardian or representative if the Employee is legally incompetent. If the Employee is not then living, the Stock Shares shall be delivered to the representative of the Employee’s estate.

Appears in 2 contracts

Samples: Performance Share Unit Agreement (Haemonetics Corp), Performance Share Unit Agreement (Haemonetics Corp)

AutoNDA by SimpleDocs

Disability or Death of Employee. Any Stock delivered pursuant to Section 4 shall be delivered to the Employee if legally competent or to a legally designated guardian or representative if the Employee is legally incompetent. If the Employee is not then living, the Stock shall be delivered to the representative of the Employee’s 's estate.

Appears in 1 contract

Samples: Market Stock Unit Agreement (Haemonetics Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!