Common use of Grantee’s Disability Clause in Contracts

Grantee’s Disability. In the event of the Grantee’s death prior to the delivery of shares or other payment with respect to any vested RSRs (and related Dividend Equivalents), the Grantee’s Successor shall be entitled to any payments to which the Grantee would have been entitled under this Agreement with respect to such vested and unpaid RSRs (and related Dividend Equivalents).

Appears in 9 contracts

Samples: 2024 Restricted Stock Rights Grant Agreement (Northrop Grumman Corp /De/), 2023 Restricted Stock Rights Grant Agreement (Northrop Grumman Corp /De/), 2023 Restricted Stock Rights Grant Agreement (Northrop Grumman Corp /De/)

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