Distribution of Restricted Stock Units. i. Restricted Stock Units that are not forfeited as provided above shall vest upon the expiration of each Restriction Period. Notwithstanding the foregoing, if the Participant dies while employed by the Corporation, or the Participant dies after his or her Retirement or Disability, and before the entire Award has been distributed, then the Restricted Stock Units shall all vest upon the Participant’s death, and all the Restriction Periods on the Restricted Stock Units shall lapse immediately.
Appears in 2 contracts
Samples: Agreement (Norfolk Southern Corp), Award Agreement (Norfolk Southern Corp)
Distribution of Restricted Stock Units. i. Restricted Stock Units that are not forfeited as provided above shall vest upon the expiration of each Restriction Period. Notwithstanding the foregoing, if the Participant dies while employed by the Corporation, or the Participant dies after his or her Retirement or Disability, and before the Exhibit 10 (mm) entire Award has been distributed, then the Restricted Stock Units shall all vest upon the Participant’s death, and all the Restriction Periods on the Restricted Stock Units shall lapse immediately.
Appears in 1 contract
Distribution of Restricted Stock Units. i. Restricted Stock Units that are not forfeited as provided above shall vest upon the expiration of each Restriction Period. Notwithstanding the foregoing, if the Participant dies while employed by the Corporation, or the Participant dies after his or her Retirement or Disability, and before the entire Award has been distributed, then the Restricted Stock Units shall all vest upon the Participant’s death, and all the Restriction Restricted Periods on the Restricted Restriction Stock Units shall lapse immediately.
Appears in 1 contract
Distribution of Restricted Stock Units. i. Restricted Stock Units that are not forfeited as provided above shall vest upon the expiration of each Restriction Period. Notwithstanding the foregoing, if the Participant dies while employed by the Corporation, or the Participant dies after his or her Retirement or Retirement, Disability, and before the entire Award has been distributedor Involuntary Termination, then the Restricted Stock Units shall all vest upon the Participant’s death, and all the Restriction Restricted Periods on the Restricted Restriction Stock Units shall lapse immediately.
Appears in 1 contract
Distribution of Restricted Stock Units. i. Restricted Stock Units that are not forfeited as provided above shall vest upon the expiration of each Restriction Period. Notwithstanding the foregoing, if the Participant dies while employed by the Corporation, or the Participant dies after his or her Retirement or Disability, and before the entire Award has been distributed, then the Restricted Stock Units shall all vest upon the Participant’s death, and all the Restriction Restricted Periods on the Restricted Restriction Stock Units shall lapse immediately.
Appears in 1 contract
Distribution of Restricted Stock Units. i. Restricted Stock Units that are not forfeited as provided above shall vest upon the expiration of each Restriction Period. Notwithstanding the foregoing, if the Participant dies while employed by the Corporation, or the Participant dies after his or her Retirement or Disability, and before the entire Award has been distributed, then the Restricted Stock Units shall all vest upon the Participant’s death, and all the Restriction Periods on the Restricted Stock Units shall lapse immediately.
Appears in 1 contract