Common use of Due to Death Clause in Contracts

Due to Death. If your employment with the Company or an Affiliate terminates due to death prior to [five-year anniversary of grant date], (i) all forfeiture restrictions on the Performance Units granted hereunder shall lapse effective as of the date of your death; (ii) the Performance Multiple to be applied to the number of Performance Units granted hereunder shall be (A) 100%, if your date of death is prior to the completion of the Performance Period, or (B) the Performance Multiple for the Performance Period as certified by the Committee, if your date of death is subsequent to the completion of the Performance Period; and (iii) all shares of Company common stock represented by the Performance Units granted hereunder (as adjusted for the applicable Performance Multiple) shall be distributed to your beneficiary as soon as administratively practicable following your date of death, but no later than 60 days after such date.

Appears in 3 contracts

Samples: Performance Unit Award Agreement (Eog Resources Inc), Performance Unit Award Agreement (Eog Resources Inc), Performance Unit Award Agreement (Eog Resources Inc)

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Due to Death. If your employment with the Company or an Affiliate terminates due to death prior to [five-year anniversary of grant date], (i) all forfeiture restrictions on the Performance Units granted hereunder shall lapse effective as of the date of your death; (ii) the Performance Multiple to be applied to the number of Performance Units granted hereunder shall be (A) 100%, if your date of death is prior to the completion of the Performance Period, or (B) the Performance Multiple for the Performance Period as certified by the Committee, if your date of death is subsequent to the completion of the Performance Period; and (iii) all shares of Company common stock represented by the Performance Units granted hereunder (as adjusted for the applicable Performance Multiple) shall be distributed to your beneficiary as soon as administratively practicable following your date of death, death (but in no event later than 60 days after following such date).

Appears in 1 contract

Samples: Performance Unit Award Agreement (Eog Resources Inc)

Due to Death. If your employment with the Company or an Affiliate terminates due to death prior to [five-year anniversary of grant date], (i) all forfeiture restrictions on the shares of Performance Units Stock granted hereunder shall lapse effective as of the date of your death; (ii) the Performance Multiple to be applied to the number of shares of Performance Units Stock granted hereunder shall be (A) 100%, if your date of death is prior to the completion of the Performance Period, or (B) the Performance Multiple for the Performance Period as certified by the Committee, if your date of death is subsequent to the completion of the Performance Period; and (iii) all shares of Company common stock represented by the shares of Performance Units Stock granted hereunder (as adjusted for the applicable Performance Multiple) shall be distributed released to your beneficiary as soon as administratively practicable following your date of death, death but no later than 60 days after following such date.

Appears in 1 contract

Samples: Performance Stock Award Agreement (Eog Resources Inc)

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Due to Death. If your employment with the Company or an Affiliate terminates due to death prior to [five-year anniversary of grant date], (i) all forfeiture restrictions on the shares of Performance Units Stock granted hereunder shall lapse effective as of the date of your death; (ii) the Performance Multiple to be applied to the number of shares of Performance Units Stock granted hereunder shall be (A) 100%, if your date of death is prior to the completion of the Performance Period, or (B) the Performance Multiple for the Performance Period as certified by the Committee, if your date of death is subsequent to the completion of the Performance Period; and (iii) all shares of Company common stock represented by the shares of Performance Units Stock granted hereunder (as adjusted for the applicable Performance Multiple) shall be distributed released to your beneficiary as soon as administratively practicable following your date of death, death (but in no event later than 60 days after such date2½ months following the end of the year of your death).

Appears in 1 contract

Samples: Performance Stock Award Agreement (Eog Resources Inc)

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