Common use of Disablement Clause in Contracts

Disablement. Except as expressly provided otherwise in this Agreement, if your employment terminates as a result of Disablement, your RSUs will become 100% vested upon the later of the date of your termination of employment due to your Disablement or the date of determination of your Disablement. For purposes of this Section 8, “Disablement” will be determined in accordance with the standards and procedures of the then-current Long Term Disability Plan maintained by the Corporation or the Subsidiary that employs you, and in the event you are not a participant in a then-current Long Term Disability Plan maintained by the Corporation or the Subsidiary that employs you, “Disablement” will have the same meaning as disablement is defined in the Intel Long Term Disability Plan, which is generally a physical condition arising from an illness or injury, which renders an individual incapable of performing work in any occupation, as determined by the Corporation.

Appears in 4 contracts

Samples: Restricted Stock Unit Agreement (Intel Corp), Restricted Stock Unit Agreement (Intel Corp), Restricted Stock Unit Agreement (Intel Corp)

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Disablement. Except as expressly provided otherwise in this Agreement, if your employment terminates as a result of Disablement, your RSUs will become one hundred percent (100% %) vested upon the later of the date of your termination of employment due to your Disablement or the date of determination of your Disablement. For purposes of this Section 8, “Disablement” will be determined in accordance with the standards and procedures of the then-current Long Term Disability Plan maintained by the Corporation or the Subsidiary that employs you, and in the event you are not a participant in a then-current Long Term Disability Plan maintained by the Corporation or the Subsidiary that employs you, “Disablement” will have the same meaning as disablement is defined in the Intel Long Term Disability Plan, which is generally a physical condition arising from an illness or injury, which renders an individual incapable of performing work in any occupation, as determined by the Corporation.

Appears in 3 contracts

Samples: Restricted Stock Unit Agreement (Intel Corp), Restricted Stock Unit Agreement (Intel Corp), Restricted Stock Unit Agreement (Intel Corp)

Disablement. Except as expressly provided otherwise in this Agreement, if your employment terminates as a result of Disablement, your RSUs will become 100% vested upon the later of the date of your termination of employment due to your Disablement or the date of determination of your DisablementDisablement and will settle as described in Section 5. For purposes of this Section 89, “Disablement” will be determined in accordance with the standards and procedures of the then-current Long Term Disability Plan maintained by the Corporation or the Subsidiary that employs you, and in the event you are not a participant in a then-current Long Term Disability Plan maintained by the Corporation or the Subsidiary that employs you, “Disablement” will have the same meaning as disablement is defined in the Intel Long Term Disability Plan, which is generally a physical condition arising from an illness or injury, which renders an individual incapable of performing work in any occupation, as determined by the Corporation.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Intel Corp)

Disablement. Except as expressly provided otherwise in this Agreement, if there is a determination of your Disablement or your employment terminates as a result of Disablement, your RSUs will become 100% vested upon the later of the date of your termination of in accordance with Sections 3 and 4 above without regard to any employment due to your Disablement or the date of determination of your Disablementcontinuation requirements and will settle as described in Section 5. For purposes of this Section 89, “Disablement” will be determined in accordance with the standards and procedures of the then-current Long Term Disability Plan maintained by the Corporation or the Subsidiary that employs you, and in the event you are not a participant in a then-current Long Term Disability Plan maintained by the Corporation or the Subsidiary that employs you, “Disablement” will have the same meaning as disablement is defined in the Intel Long Term Disability Plan, which is generally a physical condition arising from an illness or injury, which renders an individual incapable of performing work in any occupation, as determined by the Corporation.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Intel Corp)

Disablement. Except as expressly provided otherwise in this Agreement, if your employment terminates as a result of Disablement, your RSUs will become 100% vested upon the later of the date of your termination of employment due to your Disablement or the date of determination of your Disablement. RSUs subject to vesting acceleration due to Disablement will settle as described in Section 5. For purposes of this Section 89, “Disablement” will be determined in accordance with the standards and procedures of the then-current Long Term Disability Plan maintained by the Corporation or the Subsidiary that employs you, and in the event you are not a participant in a then-current Long Term Disability Plan maintained by the Corporation or the Subsidiary that employs you, “Disablement” will have the same meaning as disablement is defined in the Intel Long Term Disability Plan, which is generally a physical condition arising from an illness or injury, which renders an individual incapable of performing work in any occupation, as determined by the Corporation.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Intel Corp)

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Disablement. Except as expressly provided otherwise in this Agreement, if your employment terminates as a result of Disablement, your RSUs will become 100% vested upon the later of the date of your termination of employment due to your Disablement or the date of determination of your Disablement, and your RSUs will settle as described in Section 5. For purposes of this Section 89, “Disablement” will be determined in accordance with the standards and procedures of the then-current Long Term Disability Plan maintained by the Corporation or the Subsidiary that employs you, and in the event you are not a participant in a then-current Long Term Disability Plan maintained by the Corporation or the Subsidiary that employs you, “Disablement” will have the same meaning as disablement is defined in the Intel Long Term Disability Plan, which is generally a physical condition arising from an illness or injury, which renders an individual incapable of performing work in any occupation, as determined by the Corporation.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Intel Corp)

Disablement. Except as expressly provided otherwise in this Agreement, if there is a determination of your Disablement or your employment terminates as a result of Disablement, your RSUs will become 100% vested upon the later of the date of your termination of in accordance with Sections 3 and 4 above without regard to any employment due to your Disablement or the date of determination of your Disablementcontinuation requirements and will settle as described in Section 5. For purposes of this Section 811, “Disablement” will be determined in accordance with the standards and procedures of the then-current Long Term Disability Plan maintained by the Corporation or the Subsidiary that employs you, and in the event you are not a participant in a then-current Long Term Disability Plan maintained by the Corporation or the Subsidiary that employs you, “Disablement” will have the same meaning as disablement is defined in the Intel Long Term Disability Plan, which is generally a physical condition arising from an illness or injury, which renders an individual incapable of performing work in any occupation, as determined by the Corporation.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Intel Corp)

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