Common use of Employment Termination Due to Death Clause in Contracts

Employment Termination Due to Death. If the Participant’s employment with the Company or any of its Subsidiaries terminates prior to the End Date as a result of the Participant’s death, the Service Condition shall be deemed fully satisfied as of the date of such termination, and, subject to paragraph 6(a), the PSUs shall remain subject to the Performance Condition.

Appears in 4 contracts

Samples: Performance Share Unit Award Agreement (Baker Hughes Co), Performance Share Unit Award Agreement (Baker Hughes Co), Performance Share Unit Award Agreement (Baker Hughes Co)

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Employment Termination Due to Death. If the Participant’s employment with the Company or any of its Subsidiaries terminates prior to the End Normal Restriction Lapse Date as a result of the Participant’s death, the Service Condition shall be deemed fully satisfied as of the date of such termination, and, subject to paragraph 6(a)6a, the PSUs shall remain subject to the Performance Condition.

Appears in 2 contracts

Samples: Performance Share Unit Award Agreement (Baker Hughes Co), Performance Share Unit Award Agreement (Baker Hughes Co)

Employment Termination Due to Death. If the Participant’s employment with the Company or any of its Subsidiaries Affiliates terminates prior to the End Date as a result of the Participant’s death, the Service Condition shall be deemed fully satisfied as of the date of such termination, and, subject to paragraph 6(a), the PSUs shall remain subject to the Performance Condition.

Appears in 2 contracts

Samples: Performance Share Unit Award Agreement (Baker Hughes a GE Co), Performance Share Unit Award Agreement (Baker Hughes a GE Co)

Employment Termination Due to Death. If the Participant’s employment with the Company or any of its Subsidiaries terminates prior to the End Date as a result of the Participant’s death, the Service Condition shall be deemed fully satisfied as of the date of such termination, and, subject to paragraph 6(a5(a), the PSUs PUs shall remain subject to the Performance Condition.

Appears in 1 contract

Samples: Transformation Incentive Award Agreement (Baker Hughes Holdings LLC)

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Employment Termination Due to Death. If the Participant’s employment with the Company or any of its Subsidiaries Affiliates terminates prior to the End Date as a result of the Participant’s death, the Service Condition shall be deemed fully satisfied as of the date of such termination, and, subject to paragraph 6(a), the PSUs OPSUs shall remain subject to the Performance Condition.

Appears in 1 contract

Samples: Outperformance Share Unit Award Agreement (BAKER HUGHES a GE Co LLC)

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