Common use of Employment Events Affecting Payment of Award Clause in Contracts

Employment Events Affecting Payment of Award. (a) If the Participant dies or becomes disabled (within the meaning of Section 22(e)(3) of the Code) before the end of the Performance Period, then the Participant or his estate is nevertheless eligible to receive on the Payment Date the pro rata share of the Cash Payment Amount based on the number of months of participation during any portion of the Performance Period in which the death or disability occurs.

Appears in 5 contracts

Samples: Vistaprint N.V., Vistaprint N.V., Cimpress N.V.

AutoNDA by SimpleDocs

Employment Events Affecting Payment of Award. (a) If the Participant dies or becomes disabled (within the meaning of Section 22(e)(3) of the Code) before prior to the end of the Performance Period, then the Participant or his estate is will nevertheless be eligible to receive on the Payment Date the pro rata share of the Cash Payment Amount based on the number of months of participation during any portion of the Performance Period in which the death or disability occurs.

Appears in 2 contracts

Samples: Award Agreement (Vistaprint N.V.), Award Agreement (Vistaprint N.V.)

Employment Events Affecting Payment of Award. (a) If the Participant dies or becomes disabled (within the meaning of Section 22(e)(3) of the Code) before prior to the end of the any Performance Period, then the Participant or his estate is will nevertheless be eligible to receive on the Payment Date the pro rata share of the Cash Payment Amount based on the number of months of participation during any portion of the Performance Period in which the death or disability occurs.

Appears in 2 contracts

Samples: Award Agreement (Vistaprint N.V.), Vistaprint N.V.

AutoNDA by SimpleDocs

Employment Events Affecting Payment of Award. (a) If the Participant dies or becomes disabled (within the meaning of Section 22(e)(3) of the Code) before the end of the any Performance Period, then the Participant or his estate is nevertheless eligible to receive on the Payment Date the pro rata share of the Cash Payment Amount based on the number of months of participation during any portion of the Performance Period in which the death or disability occurs.

Appears in 1 contract

Samples: Award Agreement (Vistaprint N.V.)

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