Common use of Disability or Death Clause in Contracts

Disability or Death. If during the Restricted Period you have a Termination of Service by reason of Disability or death, then the Restricted Stock Units will become fully vested as of the date of your Termination of Service and the Vesting Date shall become the date of your Termination of Service. Any Restricted Stock Units becoming vested by reason of your Termination of Service by reason of Disability or death shall be settled as provided in Section 8.

Appears in 24 contracts

Samples: Restricted Stock Unit Award Agreement (Walgreens Boots Alliance, Inc.), Restricted Stock Unit Award Agreement (Walgreens Boots Alliance, Inc.), Restricted Stock Unit Award Agreement (Walgreens Boots Alliance, Inc.)

AutoNDA by SimpleDocs

Disability or Death. If during the Restricted Period you have a Termination of Service by reason of Disability or death, then the any remaining unvested Restricted Stock Units will become fully vested as of the later of the date of your Termination of Service and the Second Step Closing Date (subject to the forfeiture provision of the last sentence of Section 3 above), and the Vesting Date shall become the date of your Termination of Service, or the Second Step Closing Date, as applicable. Any Restricted Stock Units becoming vested by reason of your Termination of Service by reason of Disability or death shall be settled as provided in Section 87.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Walgreen Co)

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