Common use of Employment Termination Due to Death or Total Disability Clause in Contracts

Employment Termination Due to Death or Total Disability. If your service with the Company terminates as a result of your death or Total Disability, then all of your unvested RSUs shall immediately vest on the date of such termination of service. For purposes of this Award Agreement, “Total Disability” shall mean a permanent disability that would make you eligible for benefits under the long-term disability program maintained by the Company (without regard to any time period during which the disabling condition must exist) or in the absence of any such program, such meaning as the Committee shall determine.

Appears in 3 contracts

Samples: Restricted Stock Unit Award Agreement (Genworth Financial Inc), Restricted Stock Unit Award Agreement (Genworth Financial Inc), Restricted Stock Unit Award Agreement (Genworth Financial Inc)

AutoNDA by SimpleDocs

Employment Termination Due to Death or Total Disability. If your service with the Company terminates as a result of your death or Total Disability, then all of your unvested RSUs shall immediately vest on the date of such termination of servicevest. For purposes of this Award Agreement, “Total Disability” shall mean a permanent disability that would make you eligible for benefits under the long-term disability program maintained by the Company (without regard to any time period during which the disabling condition must exist) or in the absence of any such program, such meaning as the Committee shall determine.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Genworth Financial Inc)

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