Common use of Discretionary Acceleration Upon Death Clause in Contracts

Discretionary Acceleration Upon Death. If Participant dies while in service with the Company, any Restricted Stock Units that are outstanding and unvested immediately prior to Participant’s death will remain outstanding for sixty (60) days, during which time the Committee may, in its sole discretion, vest all or a portion of such Restricted Stock Units. If the Committee decides to vest any Restricted Stock Units under this Section 3(a)(ii), it may condition such vesting on the execution by Participant’s estate and/or beneficiaries of a general release of claims against the Company and its affiliates in such form as the Company may prescribe (each, a “Release”). Upon conclusion of the sixtieth (60th) day following Participant’s death, any portion of the unvested Restricted Stock Units that the Committee has not determined to vest in accordance with this Section 3(a)(ii) will then be forfeited automatically.

Discretionary Acceleration Upon Death. If the Participant dies while in service with the Company, any Restricted Stock Units that are outstanding and unvested immediately prior to the Participant’s death will remain outstanding for sixty (60) days, during which time the Committee may, in its sole discretion, vest all or a portion of such Restricted Stock Units. If the Committee decides to vest any Restricted Stock Units under this Section 3(a)(ii4(c), it may condition such vesting on the execution by Participant’s estate and/or beneficiaries of a general release of claims against the Company and its affiliates in such form as the Company may prescribe (each, a “Release”). Upon conclusion of the sixtieth (60th) day following the Participant’s death, any portion of the unvested Restricted Stock Units that the Committee has not determined to vest in accordance with this Section 3(a)(ii4(c) will then be forfeited automatically.

Discretionary Acceleration Upon Death. If Participant dies while in service with the Company, any Restricted Stock Units portion of the Option that are is outstanding and unvested immediately prior to Participant’s death will remain outstanding for sixty (60) days, during which time the Committee may, in its sole discretion, vest all or a portion of such Restricted Stock UnitsOption. If the Committee decides to vest all or any Restricted Stock Units portion of such Option under this Section 3(a)(ii4(a)(ii), it may condition such vesting on the execution by Participant’s estate and/or beneficiaries of a general release of claims against the Company and its affiliates in such form as the Company may prescribe (each, a “Release”). Upon conclusion of the sixtieth (60th) day following Participant’s death, any portion of the unvested Restricted Stock Units Option that the Committee has not determined to vest in accordance with this Section 3(a)(ii4(a)(ii) will then be forfeited automatically.

Discretionary Acceleration Upon Death. If Participant Grantee dies while in service with the Company, any Restricted Stock Units portion of the Option that are is outstanding and unvested immediately prior to ParticipantXxxxxxx’s death will remain outstanding for sixty (60) days, during which time the Committee may, in its sole discretion, vest all or a portion of such Restricted Stock UnitsOption. If the Committee decides to vest all or any Restricted Stock Units portion of such Option under this Section 3(a)(ii4(a)(ii), it may condition such vesting on the execution by ParticipantXxxxxxx’s estate and/or beneficiaries of a general release of claims against the Company and its affiliates in such form as the Company may prescribe (each, a “Release”). Upon conclusion of the sixtieth (60th) day following ParticipantXxxxxxx’s death, any portion of the unvested Restricted Stock Units Option that the Committee has not determined to vest in accordance with this Section 3(a)(ii4(a)(ii) will then be forfeited automatically.