Common use of Due to Disability or Death Clause in Contracts

Due to Disability or Death. If your membership on the Board terminates due to Disability or death prior to [One-year anniversary of grant date], all forfeiture restrictions on the Restricted Stock Units awarded hereunder shall lapse and all shares of Company common stock represented by the Restricted Stock Units shall be distributed to you, your estate, or the person who acquires this Award by will or the laws of descent and distribution or otherwise by reason of your death, as applicable, as soon as administratively practicable following the date of termination of your Board membership or the date of your death (as the case may be), but no later than 60 days after such date.

Appears in 2 contracts

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

AutoNDA by SimpleDocs

Due to Disability or Death. If your membership on the Board terminates due to Disability or death prior to [One-year anniversary of grant date]the Vesting Date, all forfeiture restrictions on the Restricted Stock Units awarded hereunder shall lapse and all shares of Company common stock represented by the Restricted Stock Units shall be distributed to you, your estate, or the person who acquires this Award by will or the laws of descent and distribution or otherwise by reason of your death, as applicable, as soon as administratively practicable following the date of termination of your Board membership or the date of your death (as the case may be), but no later than 60 days after such date.

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement (Eog Resources Inc), Restricted Stock Unit Award Agreement (Eog Resources Inc)

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