Common use of Effect of Certain Terminations of Employment Clause in Contracts

Effect of Certain Terminations of Employment. (a) If your employment terminates as a result of your death or Disability, in each case if such termination occurs on or after the Date of Grant, the target number of Shares of Performance Based Restricted Stock (as set forth in Exhibit A) which have not become vested in accordance with Section 3 or 5 hereof shall vest, and the restrictions thereon shall lapse as of the date of such termination.

Appears in 3 contracts

Samples: Restricted Stock Award Agreement (Community Health Systems Inc), Performance Based Restricted Stock Award Agreement (Community Health Systems Inc), Performance Based Restricted Stock Award Agreement (Community Health Systems Inc)

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Effect of Certain Terminations of Employment. (a) If Upon the later of the termination of your employment terminates or your service as a member of the Board as a result of your death or Disability, in each case if such termination occurs on or after the Date of Grant, the target number of Shares of Performance Based Restricted Stock (as set forth in Exhibit A) which have not become vested in accordance with Section 3 or 5 hereof shall vest, and the restrictions thereon shall lapse as of the date of such termination.

Appears in 1 contract

Samples: Option and Award Plan (Community Health Systems Inc)

Effect of Certain Terminations of Employment. (a) If your employment terminates as a result of your death or death, Disability, in each case if or by your employer for any reason other than for Cause, and such termination occurs on or after the Date of GrantGrant and before June 30, the target number of 2008, all Shares of Performance Based Restricted Stock (as set forth in Exhibit A) which have not become vested in accordance with Section 3 or 5 hereof shall vest, and the restrictions thereon on such Performance Based Restricted Stock shall lapse lapse, as of the date of such termination.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Community Health Systems Inc)

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Effect of Certain Terminations of Employment. (a) If your employment terminates as a result of your death or death, Disability, in each case if or by your employer for any reason other than for Cause, and such termination occurs on or after the Date of GrantGrant and before June 30, the target number of 2009, all Shares of Performance Based Restricted Stock (as set forth in Exhibit A) which have not become vested in accordance with Section 3 or 5 hereof shall vest, and the restrictions thereon on such Performance Based Restricted Stock shall lapse lapse, as of the date of such termination.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Community Health Systems Inc)

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