Common use of Effect of Death and Disability on Vesting Clause in Contracts

Effect of Death and Disability on Vesting. In addition to any potential Vesting which may occur as provided in this Section 3 and subject to the other terms and conditions of this Agreement, Vesting shall occur in full as of the date of Employee’s “Disability” (as that term is defined in the Rules) or death regardless of any lack of Goal achievement or Certification; provided, however, in no event shall Vesting occur on account of Employee’s death or Disability if Employee’s Employment has been terminated before the date of Employee’s death or Disability. Any death or Disability occurring after forfeiture of the RSUs under Paragraph 3(d) of this Agreement shall not affect the forfeited status of such RSUs.

Appears in 3 contracts

Samples: Restricted Stock Unit Agreement (DST Systems Inc), Restricted Stock Unit Agreement (DST Systems Inc), Restricted Stock Unit Agreement (DST Systems Inc)

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Effect of Death and Disability on Vesting. In addition to any potential Vesting which may occur as provided in this Section 3 and subject to the other terms and conditions of this Agreement, Vesting shall occur in full as of the date of Employee’s "Disability" (as that term is defined in the Rules) or death regardless of any lack of Goal achievement or Certification; provided, however, in no event shall Vesting occur on account of Employee’s 's death or Disability if Employee’s 's Employment has been terminated before the date of Employee’s 's death or Disability. Any death or Disability occurring after forfeiture of the RSUs under Paragraph 3(d) of this Agreement shall not affect the forfeited status of such RSUs.

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (DST Systems Inc), Restricted Stock Unit Agreement (DST Systems Inc)

Effect of Death and Disability on Vesting. In addition to any potential Vesting which may occur as provided in this Section 3 and subject to the other terms and conditions of this Agreement, Vesting shall occur in full as of the date of Employee’s "Disability" (as that term is defined in the Rules) or death regardless of any lack of Goal achievement or Certificationdeath; provided, however, in no event shall Vesting occur on account of Employee’s 's death or Disability if Employee’s 's Employment has been terminated before the date of Employee’s 's death or Disability. Any death or Disability occurring after forfeiture of the RSUs under Paragraph 3(d3(c) of this Agreement shall not affect the forfeited status of such RSUs.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (DST Systems Inc)

Effect of Death and Disability on Vesting. In addition to any potential Vesting which may occur as provided in this Section 3 and subject to the other terms and conditions of this Agreement, Vesting shall occur in full as of the date of Employee’s “'s "Disability" (as that term is defined in the Rules) or death regardless of any lack of Goal achievement or Certificationdeath; provided, however, in no event shall Vesting occur on account of Employee’s 's death or Disability if Employee’s 's Employment has been terminated before the date of Employee’s 's death or Disability. Any death or Disability occurring after forfeiture of the RSUs under Paragraph 3(d3(c) of this Agreement shall not affect the forfeited status of such RSUs.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (DST Systems Inc)

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Effect of Death and Disability on Vesting. In addition to any potential Vesting which may occur as provided in this Section 3 and subject to the other terms and conditions of this Agreement, Vesting shall occur in full as of the date of Employee’s “Disability” (as that term is defined in the Rules) or death regardless of any lack of Goal achievement or Certificationdeath; provided, however, in no event shall Vesting occur on account of Employee’s death or Disability if Employee’s Employment has been terminated before the date of Employee’s death or Disability. Any death or Disability occurring after forfeiture of the RSUs under Paragraph 3(d3(c) of this Agreement shall not affect the forfeited status of such RSUs.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (DST Systems Inc)

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