Effect of Certain Terminations of Employment. If the Grantee’s employment terminates as a result of the Grantee’s death, Retirement or becoming Disabled, or if the Grantee is terminated without Cause in connection with the disposition of one or more restaurants or other assets of the Company or its Subsidiaries or the sale or disposition of a Subsidiary (a “Sale Termination”), in each case if such termination occurs on or after the Date of Grant, all Stock Units which have not become vested in accordance with Section 3 or 5 hereof shall vest as of the date of such termination.
Appears in 6 contracts
Samples: Stock Unit Award Agreement (Wendys International Inc), Stock Unit Award Agreement (Wendys International Inc), Stock Unit Award Agreement (Wendys International Inc)
Effect of Certain Terminations of Employment. If the Grantee’s employment terminates as a result of the Grantee’s death, Retirement or becoming Disabled, or if the Grantee is terminated without Cause in connection with the disposition of one or more restaurants or other assets of the Company or its Subsidiaries or the sale or disposition of a Subsidiary (a “Sale Termination”)Subsidiary, in each case if such termination occurs on or after the Date of Grant, all Shares of Restricted Stock Units which have not become vested in accordance with Section 3 or 5 hereof shall vest vest, and the restrictions on such Restricted Stock shall lapse, as of the date of such termination.
Appears in 2 contracts
Samples: Restricted Stock Award Agreement, Restricted Stock Award Agreement (Wendys International Inc)
Effect of Certain Terminations of Employment. If the Grantee’s employment terminates as a result of the Grantee’s death, Retirement death or becoming Disabledtotal and permanent disability as determined by the Board (“Disability”), or if the Grantee is terminated without Cause in connection Grantee’s employment with the disposition of one or more restaurants or other assets of the Company or its Subsidiaries is terminated by the Company or the sale or disposition of a Subsidiary (a “Sale Termination”), in each case if such termination occurs its Subsidiaries without cause on or after the Date of Grant, all Shares of Restricted Stock Units which have not become vested in accordance with Section 3 or 5 hereof shall vest vest, and the restrictions on such Restricted Stock shall lapse, as of the date of such termination.
Appears in 2 contracts
Samples: Restricted Stock Grant Agreement (Freedom Holding Corp.), Restricted Stock Grant Agreement (Freedom Holding Corp.)
Effect of Certain Terminations of Employment. If the Grantee’s employment terminates as a result of the Grantee’s death, Retirement or becoming Disabled, Disabled or if the Grantee is terminated without Cause in connection with the disposition of one or more restaurants or other assets of the Company or its Subsidiaries or the sale or disposition of a Subsidiary (a “Sale Termination”)Subsidiary, in each case if such termination occurs on or after the Date of Grant, all Restricted Stock Units which have not become vested in accordance with Section 3 or 5 hereof shall vest as of the date of such termination.. For purposes of this Agreement, (a) “
Appears in 1 contract
Samples: Restricted Stock Unit Award Agreement (Tim Hortons Inc.)
Effect of Certain Terminations of Employment. If the Grantee’s employment terminates as a result of the Grantee’s death, Retirement or becoming Disabled, or if the Grantee is terminated without Cause in connection with the disposition of one or more restaurants or other assets of the Company or its Subsidiaries or the sale or disposition of a Subsidiary (a “Sale Termination”)Subsidiary, in each case if such termination occurs on or after the Date of Grant, all Stock Units which have not become vested in accordance with Section 3 or 5 hereof shall vest as of the date of such termination.
Appears in 1 contract
Samples: Stock Unit Award Agreement (Wendys International Inc)