Effect of Grantee’s Death. If the Grantee ceases to be an employee of the Company or any Affiliate by reason of death, any and all outstanding Award Shares not fully vested shall automatically vest in full and the personal representatives heirs, legatees or distributees of the Grantee, as appropriate, shall become fully vested in the Award Shares effective on the date of the Grantee’s death.
Appears in 8 contracts
Samples: Restricted Stock Agreement (Capstead Mortgage Corp), Restricted Stock Agreement (Capstead Mortgage Corp), Restricted Stock Agreement (Capstead Mortgage Corp)
Effect of Grantee’s Death. If the Grantee ceases to be an employee a director of the Company or any Affiliate by reason of death, any and all outstanding Award Shares not fully vested shall automatically vest in full and the personal representatives heirs, legatees or distributees of the Grantee, as appropriate, shall become fully vested in the Award Shares effective on the date of the Grantee’s death.
Appears in 2 contracts
Samples: Non Employee Directors (Capstead Mortgage Corp), Nonqualified Stock Option Agreement (Capstead Mortgage Corp)
