Heirs and Successors. This Agreement shall be binding upon, and inure to the benefit of, the Company and its successors and assigns, and upon any person acquiring, whether by merger, consolidation, purchase of assets or otherwise, all or substantially all of the Company's assets and business. If any rights exercisable by the Participant or benefits deliverable to the Participant under this Agreement have not been exercised or delivered, respectively, at the time of the Participant's death, such rights shall be exercisable by the Designated Beneficiary, and such benefits shall be delivered to the Designated Beneficiary, in accordance with the provisions of this Agreement and the Plan. The "Designated Beneficiary" shall be the beneficiary or beneficiaries designated by the Participant in a writing filed with the Committee in such form and at such time as the Committee shall require. If a deceased Participant fails to designate a beneficiary, or if the Designated Beneficiary does not survive the Participant, any rights that would have been exercisable by the Participant and any benefits distributable to the Participant shall be exercised by or distributed to the legal representative of the estate of the Participant. If a deceased Participant designates a beneficiary and the Designated Beneficiary survives the Participant but dies before the Designated Beneficiary's exercise of all rights under this Agreement or before the complete distribution of benefits to the Designated Beneficiary under this Agreement, then any rights that would have been exercisable by the Designated Beneficiary shall be exercised by the legal representative of the estate of the Designated Beneficiary, and any benefits distributable to the Designated Beneficiary shall be distributed to the legal representative of the estate of the Designated Beneficiary.
Appears in 7 contracts
Samples: Incentive Stock Option Agreement (Ipcs Inc), Non Qualified Stock Option Agreement (Corus Bankshares Inc), Non Qualified Stock Option Agreement (Ipcs Inc)
Heirs and Successors. This Agreement shall be binding upon, and inure to the benefit of, the Company and its successors and assigns, and upon any person acquiring, whether by merger, consolidation, purchase of assets or otherwise, all or substantially all of the Company's ’s assets and business. If any rights exercisable by the Participant or benefits deliverable to the Participant under this Agreement have not been exercised or delivered, respectively, at the time of the Participant's ’s death, such rights shall be exercisable by the Designated Beneficiary, and such benefits shall be delivered to the Designated Beneficiary, in accordance with the provisions of this Agreement agreement and the Plan. The "“Designated Beneficiary" ” shall be the beneficiary or beneficiaries designated by the Participant in a writing filed with the Committee in such form and at such time as the Committee shall require. If a deceased Participant fails to designate a beneficiary, or if the Designated Beneficiary does not survive the Participant, any rights that would have been exercisable by the Participant and any benefits distributable to the Participant shall be exercised by or distributed to the legal representative of the estate of the Participant. If a deceased Participant designates a beneficiary and the Designated Beneficiary survives the Participant but dies before the Designated Beneficiary's ’s exercise of all rights under this Agreement or before the complete distribution of benefits to the Designated Beneficiary under this Agreement, then any rights that would have been exercisable by the Designated Beneficiary shall be exercised by the legal representative of the estate of the Designated Beneficiary, and any benefits distributable to the Designated Beneficiary shall be distributed to the legal representative of the estate of the Designated Beneficiary.
Appears in 6 contracts
Samples: Non Qualified Stock Option Agreement (Medicalcv Inc), Non Qualified Stock Option Agreement (Medicalcv Inc), Non Qualified Stock Option Agreement (Medicalcv Inc)
Heirs and Successors. 7.1 This Agreement shall be binding upon, and inure to the benefit of, the Company and its successors and assigns, and upon any person acquiring, whether by merger, consolidation, purchase of assets or otherwise, all or substantially all of the Company's ’s assets and business. If any rights exercisable by of the Participant or benefits deliverable distributable to the Participant under this Agreement have not been exercised or delivereddistributed, respectively, at the time of the Participant's ’s death, such rights shall be exercisable by the Designated Beneficiary, and such benefits shall be delivered distributed to the Designated Beneficiary, in accordance with the provisions of this Agreement and the Plan. The "“Designated Beneficiary" ” shall be the beneficiary or beneficiaries designated by the Participant in a writing filed with the Committee in such form and at such time as the Committee shall require. If a deceased Participant fails to designate a beneficiary, or if the Designated Beneficiary does not survive the Participant, any rights that would have been exercisable by the Participant and any benefits distributable to the Participant shall be exercised by or distributed to the legal representative of the estate of the Participant. If a deceased Participant designates a beneficiary and the Designated Beneficiary survives the Participant but dies before the Designated Beneficiary's ’s exercise of all rights under this Agreement or before the complete distribution of benefits to the Designated Beneficiary under this Agreement, then any rights that would have been exercisable by the Designated Beneficiary shall be exercised by the legal representative of the estate of the Designated Beneficiary, and any benefits distributable to the Designated Beneficiary shall be distributed to the legal representative of the estate of the Designated Beneficiary.
Appears in 5 contracts
Samples: Executive Restricted Stock Agreement (Itex Corp), Restricted Stock Agreement (Itex Corp), Executive Restricted Stock Agreement (Itex Corp)
Heirs and Successors. This Agreement shall be binding upon, and inure to the benefit of, the Company and its successors and assigns, and upon any person acquiring, whether by merger, consolidation, purchase of assets or otherwise, all or substantially all of the Company's ’s assets and business. If any rights exercisable by the Participant or benefits deliverable to the Participant under this Agreement have not been exercised or delivered, respectively, at the time of the Participant's ’s death, such rights shall be exercisable by the Designated Beneficiary, and such benefits shall be delivered to the Designated Beneficiary, in accordance with the provisions of this Agreement and the Plan. The "“Designated Beneficiary" ” shall be the beneficiary or beneficiaries designated by the Participant in a writing filed with the Committee Company in such form and at such time as the Committee Company shall require. If a deceased Participant fails to designate a beneficiary, or if the Designated Beneficiary does not survive the Participant, any rights that would have been exercisable by the Participant and any benefits distributable to the Participant shall be exercised by or distributed to the legal representative of the estate of the Participant. If a deceased Participant designates a beneficiary and the Designated Beneficiary survives the Participant but dies before the Designated Beneficiary's ’s exercise of all rights under this Agreement or before the complete distribution of benefits to the Designated Beneficiary under this Agreement, then any rights that would have been exercisable by the Designated Beneficiary shall be exercised by the legal representative of the estate of the Designated Beneficiary, and any benefits distributable to the Designated Beneficiary shall be distributed to the legal representative of the estate of the Designated Beneficiary.
Appears in 5 contracts
Samples: Nonqualified Stock Option Agreement (Corus Bankshares Inc), Restricted Stock Agreement (Corus Bankshares Inc), Performance Restricted Stock Agreement (Corus Bankshares Inc)
Heirs and Successors. This Agreement shall be binding upon, and inure to the benefit of, the Company and its successors and assigns, and upon any person acquiring, whether by merger, consolidation, purchase of assets or otherwise, all or substantially all of the Company's ’s assets and business. If any rights exercisable by the Participant Optionee or benefits deliverable to the Participant Optionee under this Agreement have not been exercised or delivered, respectively, at the time of the Participant's Optionee’s death, such rights shall be exercisable by the Designated Beneficiary, and such benefits shall be delivered to the Designated Beneficiary, in accordance with the provisions of this Agreement agreement and the Plan. The "“Designated Beneficiary" ” shall be the beneficiary or beneficiaries designated by the Participant Optionee in a writing filed with the Committee in such form and at such time as the Committee shall require. If a deceased Participant Optionee fails to designate a beneficiary, or if the Designated Beneficiary does not survive the ParticipantOptionee, any rights that would have been exercisable by the Participant Optionee and any benefits distributable to the Participant Optionee shall be exercised by or distributed to the legal representative of the estate of the ParticipantOptionee. If a deceased Participant Optionee designates a beneficiary and the Designated Beneficiary survives the Participant Optionee but dies before the Designated Beneficiary's ’s exercise of all rights under this Agreement or before the complete distribution of benefits to the Designated Beneficiary under this Agreement, then any rights that would have been exercisable by the Designated Beneficiary shall be exercised by the legal representative of the estate of the Designated Beneficiary, and any benefits distributable to the Designated Beneficiary shall be distributed to the legal representative of the estate of the Designated Beneficiary.
Appears in 4 contracts
Samples: Non Qualified Stock Option Agreement (Medicalcv Inc), Non Qualified Stock Option Agreement (Medicalcv Inc), Non Qualified Stock Option Agreement (Medicalcv Inc)
Heirs and Successors. (a) This Agreement shall be binding upon, and inure to the benefit of, the Company and its the Participant and their respective successors and assigns, and upon any person acquiring, whether by merger, consolidation, purchase of assets or otherwise, all or substantially all of the Company's assets and business. .
(b) If any rights exercisable by the Participant or benefits deliverable to the Participant under this Agreement have not been exercised or delivered, respectively, at the time of the Participant's ’s death, such rights shall be exercisable by the Designated Beneficiary, and such benefits shall be delivered to the Designated Beneficiary, in accordance with the provisions of this Agreement and the Plan. The "Designated Beneficiary" shall be the beneficiary or beneficiaries designated by the Participant in a writing filed with the Committee in such form and at such time as the Committee shall require. .
(c) If a deceased Participant fails has failed to designate a beneficiary, or if the Designated Beneficiary does not survive the Participant, any rights that would have been exercisable by the Participant and any benefits distributable to the Participant shall be exercised by or distributed to the legal representative of the estate of the Participant. .
(d) If a deceased Participant designates has designated a beneficiary and but the Designated Beneficiary survives the Participant but dies before the Designated Beneficiary's ’s exercise of all rights under this Agreement or before the complete distribution of benefits to the Designated Beneficiary under this Agreement, then any rights that would have been exercisable by the Designated Beneficiary shall be exercised by the legal representative of the estate of the Designated Beneficiary, and any benefits distributable to the Designated Beneficiary shall be distributed to the legal representative of the estate of the Designated Beneficiary.
Appears in 4 contracts
Samples: Restricted Stock Agreement (Mimedx Group, Inc.), Restricted Stock Agreement (Mimedx Group, Inc.), Restricted Stock Agreement (Matria Healthcare Inc)
Heirs and Successors. This The Agreement shall be binding upon, and inure to the benefit of, the Company and its successors and assigns, and upon any person acquiring, whether by merger, consolidation, purchase of assets or otherwise, all or substantially all of the Company's assets and business. If any rights exercisable by of the Participant or benefits deliverable distributable to the Participant under this Agreement have not been exercised settled or delivereddistributed, respectively, at the time of the Participant's death, such rights shall be exercisable by settled and payable to the Designated Beneficiary, and such benefits shall be delivered distributed to the Designated Beneficiary, in accordance with the provisions of this Agreement and the PlanAgreement. The "Designated Beneficiary" shall be the beneficiary or beneficiaries designated by the Participant in a writing filed with the Committee in such on a form and at such time as the Committee shall may require. The designation of beneficiary form may be amended or revoked from time to time by the Participant. If a deceased Participant fails to designate choose a beneficiaryDesignated Beneficiary, or if the no Designated Beneficiary does not survive survives the Participant, any rights that would have been exercisable by the Participant and any benefits distributable payable to the Participant shall be exercised by or distributed payable to the legal representative of the estate of the Participant. If a deceased Participant designates a beneficiary and the Designated Beneficiary survives the Participant but dies before the settlement of Designated Beneficiary's exercise of all rights under this Agreement or before the complete distribution of benefits to the Designated Beneficiary under this Agreement, then any rights that would have been exercisable by the Designated Beneficiary shall be exercised by the legal representative of the estate of the Designated Beneficiary, and any benefits distributable payable to the Designated Beneficiary shall be distributed payable to the legal representative of the estate of the Designated Beneficiary.
Appears in 3 contracts
Samples: Restricted Stock Unit Award Agreement (Countrywide Financial Corp), Restricted Stock Unit Award Agreement (Countrywide Financial Corp), Restricted Stock Unit Award Agreement (Countrywide Financial Corp)
Heirs and Successors. This Award Agreement shall be binding upon, and inure to the benefit of, the Company and its successors and assigns, and upon any person acquiring, whether by merger, consolidation, purchase of assets or otherwise, all or substantially all of the Company's ’s assets and business. If any rights exercisable by of the Participant or benefits deliverable distributable to the Participant under this Award Agreement have not been exercised settled or delivereddistributed, respectively, at the time of the Participant's ’s death, such rights shall be exercisable by settled and payable to the Designated Beneficiary, and such benefits shall be delivered distributed to the Designated Beneficiary, in accordance with the provisions of this Award Agreement and the Plan. The "“Designated Beneficiary" ” shall be the beneficiary or beneficiaries designated by the Participant in a writing filed with the Committee in such form and at such time as the Committee shall may require. The designation of beneficiary form may be amended or revoked from time to time by the Participant. If a deceased Participant fails to designate a beneficiary, or if the Designated Beneficiary does not survive the Participant, any rights that would have been exercisable by payable to the Participant and any benefits distributable to the Participant shall be exercised by or distributed payable to the legal representative of the estate of the Participant. If a deceased Participant designates a beneficiary and the Designated Beneficiary survives the Participant but dies before the settlement of Designated Beneficiary's exercise of all ’s rights under this Agreement or before the complete distribution of benefits to the Designated Beneficiary under this Award Agreement, then any rights that would have been exercisable by the Designated Beneficiary shall be exercised by the legal representative of the estate of the Designated Beneficiary, and any benefits distributable payable to the Designated Beneficiary shall be distributed payable to the legal representative of the estate of the Designated Beneficiary.
Appears in 3 contracts
Samples: Restricted Stock Unit Award Agreement (Mediware Information Systems Inc), Restricted Stock Award Agreement (Mediware Information Systems Inc), Restricted Stock Award Agreement (Old Second Bancorp Inc)
Heirs and Successors. This Agreement The Option Terms shall be binding upon, and inure to the benefit of, the Company and its successors and assigns, and upon any person acquiring, whether by merger, consolidation, purchase of assets or otherwise, all or substantially all of the Company's ’s assets and business. If any rights exercisable by of the Participant or benefits deliverable distributable to the Participant under this Agreement the Option Terms have not been exercised or delivereddistributed, respectively, at the time of the Participant's ’s death, such rights shall be exercisable by the Designated Beneficiary, and such benefits shall be delivered distributed to the Designated Beneficiary, in accordance with the provisions of this Agreement the Option Terms and the Incentive Plan. The "“Designated Beneficiary" ” shall be the beneficiary or beneficiaries designated by the Participant in a writing filed with the Committee in such form and at such time as the Committee shall require. If a deceased Participant fails to designate a beneficiary, or if the Designated Beneficiary does not survive the Participant, any rights that would have been exercisable by the Participant and any benefits distributable to the Participant shall be exercised by or distributed to the legal representative of the estate of the Participant. If a deceased Participant designates a beneficiary and the Designated Beneficiary survives the Participant but dies before the Designated Beneficiary's ’s exercise of all rights under this Agreement the Option Terms or before the complete distribution of benefits to the Designated Beneficiary under this Agreementthe Option Terms, then any rights that would have been exercisable by the Designated Beneficiary shall be exercised by the legal representative of the estate of the Designated Beneficiary, and any benefits distributable to the Designated Beneficiary shall be distributed to the legal representative of the estate of the Designated Beneficiary.
Appears in 3 contracts
Samples: Employment Agreement (Medgenics, Inc.), Employment Agreement (Medgenics, Inc.), Employment Agreement (Medgenics, Inc.)
Heirs and Successors. This Agreement The RSU Terms shall be binding upon, and inure to the benefit of, the Company and its successors and assigns, and upon any person acquiring, whether by merger, consolidation, purchase of assets or otherwise, all or substantially all of the Company's ’s assets and business. If any rights exercisable by of the Participant or benefits deliverable distributable to the Participant under this Agreement have not been exercised settled or delivereddistributed, respectively, at the time of the Participant's death’s Death, such rights shall be exercisable by settled and payable to the Designated Beneficiary, and such benefits shall be delivered distributed to the Designated Beneficiary, in accordance with the provisions of this Agreement and the Plan. The "“Designated Beneficiary" ” shall be the beneficiary or beneficiaries designated by the Participant in a writing filed with the Committee on the form found in HRCentral, or such other form and at such time as the Committee shall may require. The designation of beneficiary form may be amended or revoked from time to time by the Participant. If a deceased Participant fails to designate a beneficiary, or if the Designated Beneficiary does not survive the Participant, any rights that would have been exercisable by payable to the Participant and shall be payable to the legal representative of the estate of the Participant. If a deceased Participant fails to designate a beneficiary, or if the Designated Beneficiary does not survive the Participant, any benefits distributable rights that would have been payable to the Participant and shall be exercised by or distributed payable to the legal representative of the estate of the Participant. If a deceased Participant designates a beneficiary and the Designated Beneficiary survives the Participant but dies before the settlement of Designated Beneficiary's exercise of all ’s rights under this Agreement or before the complete distribution of benefits to the Designated Beneficiary under this Agreement, then any rights that would have been exercisable by the Designated Beneficiary shall be exercised by the legal representative of the estate of the Designated Beneficiary, and any benefits distributable payable to the Designated Beneficiary shall be distributed payable to the legal representative of the estate of the Designated Beneficiary.
Appears in 2 contracts
Samples: Restricted Stock Unit Award Agreement (Countrywide Financial Corp), Restricted Stock Unit Award Agreement (Countrywide Financial Corp)
Heirs and Successors. This Agreement shall be binding upon, upon and inure to the benefit of, the Company and its successors and assigns, and upon of any person acquiringassignee or successor in interest to YUM!, whether by merger, consolidation, purchase consolidation or the sale of assets or otherwise, all or substantially all of the Company's assets of YUM!. YUM! will require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business and/or assets of YUM! to expressly assume and businessagree to perform this Agreement in the same manner and to the same extent that YUM! would be required to perform if no such succession had taken place. This Agreement shall be binding upon and inure to the benefit of the Participant or his or her legal representative and any person to whom the YRSUs may be transferred by will or the applicable laws of descent and distribution. If any rights exercisable by the Participant or benefits deliverable distributable to the Participant under this Agreement have not been exercised or delivereddistributed, respectively, at the time of the Participant's ’s death, such rights shall be exercisable by the Designated Beneficiary, and such benefits shall be delivered distributed to the Designated Beneficiary, in accordance with the provisions of this Agreement and the Plan. The "“Designated Beneficiary" ” shall be the beneficiary or beneficiaries designated by the Participant in a writing filed with the Committee in such form and at such time as the Committee shall require. If a deceased Participant fails to designate a beneficiary, or if the Designated Beneficiary does not survive the Participant, any rights that would have been exercisable by the Participant and any benefits distributable to the Participant shall be exercised by or distributed to the legal representative of the estate of the Participant. If a deceased Participant designates a beneficiary and the Designated Beneficiary survives the Participant but dies before the Designated Beneficiary's ’s exercise of all rights under this Agreement or before the complete distribution of benefits to the Designated Beneficiary under this Agreement, then any rights that would have been exercisable by the Designated Beneficiary shall be exercised by the legal representative of the estate of the Designated Beneficiary, and any benefits distributable to the Designated Beneficiary shall be distributed to the legal representative of the estate of the Designated Beneficiary.
Appears in 2 contracts
Samples: Restricted Stock Unit Agreement (Yum Brands Inc), Restricted Stock Unit Agreement (Yum Brands Inc)
Heirs and Successors. This Agreement shall be binding upon, and inure to the benefit of, the Company and its successors and assigns, and upon any person acquiring, whether by merger, consolidation, purchase of assets or otherwise, all or substantially all of the Company's ’s assets and business. If any rights exercisable by of the Participant or benefits deliverable distributable to the Participant under this Agreement have not been exercised or delivereddistributed, respectively, at the time of the Participant's ’s death, such rights shall be exercisable by the Designated Beneficiary, and such benefits shall be delivered distributed to the Designated Beneficiary, in accordance with the provisions of this Agreement Agreement, the Plan and the PlanBye-Laws. The "“Designated Beneficiary" ” shall be the beneficiary or beneficiaries designated by the Participant in a writing filed with the Committee Company in such form and at such time as the Committee Company shall require. If a deceased Participant fails to designate a beneficiary, or if the Designated Beneficiary does not survive the Participant, any rights that would have been exercisable by the Participant and any benefits distributable to the Participant shall be exercised by or distributed to the legal representative of the estate of the Participant. If a deceased Participant designates a beneficiary and the Designated Beneficiary survives the Participant but dies before the Designated Beneficiary's ’s exercise of all rights under this Agreement or before the complete distribution of benefits to the Designated Beneficiary under this Agreement, then any rights that would have been exercisable by the Designated Beneficiary shall be exercised by the legal representative of the estate of the Designated Beneficiary, and any benefits distributable to the Designated Beneficiary shall be distributed to the legal representative of the estate of the Designated Beneficiary. Any rights of a beneficiary and benefits distributable to a beneficiary under this Agreement shall be subject to the terms and restrictions of the Bye-Laws.
Appears in 2 contracts
Samples: Restricted Share and Shareholder Agreement, Restricted Share and Shareholder Agreement (Sensus (Bermuda 2) LTD)
Heirs and Successors. This Agreement shall be binding upon, upon and inure to the benefit of, of the Company and its successors and assigns, and upon any person acquiring, whether by merger, consolidation, purchase of assets or otherwise, all or substantially all of the Company's assets and business. If any rights exercisable by the Participant or benefits deliverable to the Participant under this Agreement have not been exercised or delivered, respectively, at the time of the Participant's death, such rights shall be exercisable by the Designated Beneficiary, and such benefits shall be delivered to the Designated Beneficiary, in accordance with the provisions of this Agreement and the Plan. The "Designated Beneficiary" shall be the beneficiary or beneficiaries designated by the Participant in a writing filed with the Committee in such form and at such time as the Committee shall require. If a deceased Participant fails to designate a beneficiary, or if the Designated Beneficiary does not survive the Participant, any rights that would have been exercisable by the Participant and any benefits distributable to the Participant shall be exercised by or distributed to the legal representative of the estate of the Participant. If a deceased Participant designates a beneficiary and the Designated Beneficiary survives the Participant but dies before the Designated Beneficiary's exercise of all rights under this Agreement or before the complete distribution of benefits to the Designated Beneficiary under this Agreement, then any rights that would have been exercisable by the Designated Beneficiary shall be exercised by the legal representative of the estate of the Designated Beneficiary, and any benefits distributable to the Designated Beneficiary shall be distributed to the legal representative of the estate of the Designated Beneficiary.
Appears in 2 contracts
Samples: Stock Settled Stock Appreciation Right (Sar) Agreement (Gatx Corp), Stock Settled Stock Appreciation Right (Ssar) Agreement (Gatx Corp)
Heirs and Successors. This Agreement shall be binding upon, upon and inure to the benefit of, of the Company and its successors and assigns, and upon any person acquiring, whether by merger, consolidation, purchase of assets or otherwise, all or substantially all of the Company's ’s assets and business. If any rights exercisable by the Participant or benefits deliverable to the Participant under this Agreement have not been exercised or delivered, respectively, at the time of the Participant's ’s death, such rights shall be exercisable by the Designated Beneficiary, and such benefits shall be delivered to the Designated Beneficiary, in accordance with the provisions of this Agreement and the Plan. The "“Designated Beneficiary" ” shall be the beneficiary or beneficiaries designated by the Participant in a writing filed with the Committee in such form and at such time as the Committee shall require. If a deceased Participant fails to designate a beneficiary, or if the Designated Beneficiary does not survive the Participant, any rights that would have been exercisable by the Participant and any benefits distributable to the Participant shall be exercised by or distributed to the legal representative of the estate of the Participant. If a deceased Participant designates a beneficiary and the Designated Beneficiary survives the Participant but dies before the Designated Beneficiary's ’s exercise of all rights under this Agreement or before the complete distribution of benefits to the Designated Beneficiary under this Agreement, then any rights that would have been exercisable by the Designated Beneficiary shall be exercised by the legal representative of the estate of the Designated Beneficiary, and any benefits distributable to the Designated Beneficiary shall be distributed to the legal representative of the estate of the Designated Beneficiary.
Appears in 2 contracts
Samples: Stock Settled Stock Appreciation Right (Sar) Agreement (Gatx Corp), Stock Settled Stock Appreciation Right (Sar) Agreement (Gatx Corp)
Heirs and Successors. This Agreement shall be binding upon, and inure to the benefit of, the Company and its successors and assigns, and upon any person acquiring, whether by merger, consolidation, purchase of assets or otherwise, all or substantially all of the Company's ’s assets and business. If any rights exercisable by of the Participant or benefits deliverable distributable to the Participant under this Agreement have not been exercised settled or delivereddistributed, respectively, at the time of the Participant's ’s death, such rights shall be exercisable by settled and payable to the Designated Beneficiary, and such benefits shall be delivered distributed to the Designated Beneficiary, in accordance with the provisions of this Agreement and the Plan. The "“Designated Beneficiary" ” shall be the beneficiary or beneficiaries designated by the Participant in a writing filed with the Committee in such form and at such time as the Committee shall may require. The designation of beneficiary form may be amended or revoked from time to time by the Participant. If a deceased Participant fails to designate a beneficiary, or if the Designated Beneficiary does not survive the Participant, any rights that would have been exercisable by payable to the Participant and any benefits distributable to the Participant shall be exercised by or distributed payable to the legal representative of the estate of the Participant. If a deceased Participant designates a beneficiary and the Designated Beneficiary survives the Participant but dies before the settlement of Designated Beneficiary's exercise of all ’s rights under this Agreement or before the complete distribution of benefits to the Designated Beneficiary under this Agreement, then any rights that would have been exercisable by the Designated Beneficiary shall be exercised by the legal representative of the estate of the Designated Beneficiary, and any benefits distributable payable to the Designated Beneficiary shall be distributed payable to the legal representative of the estate of the Designated Beneficiary.
Appears in 2 contracts
Samples: Restricted Stock Unit Agreement (Heartland Financial Usa Inc), Restricted Stock Unit Agreement (Heartland Financial Usa Inc)
Heirs and Successors. This Agreement shall be binding upon, and inure to the benefit of, the Company and its successors and assigns, and upon any person acquiring, whether by merger, consolidation, purchase of assets or otherwise, all or substantially all of the Company's assets and business. If any rights exercisable by of the Participant or benefits deliverable distributable to the Participant under this Agreement have not been exercised or delivereddistributed, respectively, at the time of the Participant's death, such rights shall be exercisable by the Designated Beneficiary, and such benefits shall be delivered distributed to the Designated Beneficiary, in accordance with the provisions of this Agreement and the Plan. The "Designated Beneficiary" shall be the beneficiary or beneficiaries designated by the Participant in a writing filed with the Committee in such form and at such time as the Committee shall require. If a deceased Participant fails to designate a beneficiary, or if the Designated Beneficiary does not survive the Participant, any rights that would have been exercisable by the Participant and any benefits distributable to the Participant shall be exercised by or distributed to the legal representative of the estate of the Participant. If a deceased Participant designates a beneficiary and the Designated Beneficiary survives the Participant but dies before the Designated Beneficiary's exercise of all rights under this Agreement or before the complete distribution of benefits to the Designated Beneficiary under this Agreement, then any rights that would have been exercisable by the Designated Beneficiary shall be exercised by the legal representative of the estate of the Designated Beneficiary, and any benefits distributable to the Designated Beneficiary shall be distributed to the legal representative of the estate of the Designated Beneficiary.
Appears in 2 contracts
Samples: Stock Unit Agreement (Ipcs Inc), Stock Unit Agreement (Ipcs Inc)
Heirs and Successors. This Agreement shall be binding -------------------- upon, and inure to the benefit of, the Company and its successors and assigns, and upon any person acquiring, whether by merger, consolidation, purchase of assets or otherwise, all or substantially all of the Company's assets and business. If any rights exercisable by the Participant or benefits deliverable to the Participant under this Agreement have not been exercised or delivered, respectively, at the time of the Participant's death, such rights shall be exercisable by the Designated Beneficiary, and such benefits shall be delivered to the Designated Beneficiary, in accordance with the provisions of this Agreement and the Plan. The "Designated Beneficiary" shall be the beneficiary or beneficiaries designated by the Participant in a writing filed with the Committee in such form and at such time as the Committee shall require. If a deceased Participant fails to designate a beneficiary, or if the Designated Beneficiary does not survive the Participant, any rights that would have been exercisable by the Participant and any benefits distributable to the Participant hereunder shall be exercised by or distributed to the legal representative of or the estate of the Participant. If a deceased Participant designates a beneficiary and but the Designated Beneficiary survives the Participant but dies before the Designated Beneficiary's exercise of all rights under this Agreement or before the complete distribution of benefits to the Designated Beneficiary under this Agreement, then any rights benefits that would have been exercisable by the Designated Beneficiary shall be exercised by the legal representative of the estate of the Designated Beneficiary, and any benefits distributable distributed to the Designated Beneficiary shall be distributed to the legal representative of or the estate of the Designated Beneficiary.
Appears in 1 contract
Samples: Long Term Cash Bonus Award Agreement (Gardner Denver Inc)
Heirs and Successors. This Subject to Section 7, this Agreement shall be binding upon, and inure to the benefit of, the Company and its successors and assigns, and upon any person acquiring, whether by merger, consolidation, purchase of assets or otherwise, all or substantially all of the Company's ’s assets and business. If any rights exercisable by the Participant or benefits deliverable to the Participant under this Agreement have not been exercised or delivered, respectively, at the time of the Participant's ’s death, such rights shall be exercisable by the Designated Beneficiary, and such benefits shall be delivered to the Designated Beneficiary, in accordance with the provisions of this Agreement and the Plan. The "“Designated Beneficiary" ” shall be the beneficiary or beneficiaries designated by the Participant in a writing filed with the Committee in such form and at such time as the Committee shall require. If a deceased Participant fails to designate a beneficiary, or if the Designated Beneficiary does not survive the Participant, any rights that would have been exercisable by the Participant and any benefits distributable to the Participant shall be exercised by or distributed to the legal representative of the estate of the Participant. If a deceased Participant designates a beneficiary and the Designated Beneficiary survives the Participant but dies before the Designated Beneficiary's ’s exercise of all rights under this Agreement or before the complete distribution of benefits to the Designated Beneficiary under this Agreement, then any rights that would have been exercisable by the Designated Beneficiary shall be exercised by the legal representative of the estate of the Designated Beneficiary, and any benefits distributable to the Designated Beneficiary shall be distributed to the legal representative of the estate of the Designated Beneficiary.
Appears in 1 contract
Samples: Non Qualified Stock Option Agreement (Assured Guaranty LTD)
Heirs and Successors. This Agreement shall be binding upon, and inure to the benefit of, the Company and its successors and assigns, and upon any person acquiring, whether by merger, consolidation, purchase of assets or otherwise, all or substantially all of the Company's assets and business. If any rights exercisable by of the Participant or benefits deliverable distributable to the Participant under this Agreement have not been exercised or delivereddistributed, respectively, at the time of the Participant's death, such rights shall be exercisable by the Designated Beneficiary, and such benefits shall be delivered distributed to the Designated Beneficiary, in accordance with the provisions of this Agreement and the Plan. The "“Designated Beneficiary" ” shall be the beneficiary or beneficiaries designated by the Participant in a writing filed with the Committee in such form and at such time as the Committee shall require. If a deceased Participant fails to designate a beneficiary, or if the Designated Beneficiary does not survive the Participant, any rights that would have been exercisable by the Participant and any benefits distributable to the Participant shall be exercised by or distributed to the legal representative of the estate of the Participant. If a deceased Participant designates a beneficiary and the Designated Beneficiary survives the Participant but dies before the Designated Beneficiary's exercise of all rights under this Agreement or before the complete distribution of benefits to the Designated Beneficiary under this Agreement, then any rights that would have been exercisable by the Designated Beneficiary shall be exercised by the legal representative of the estate of the Designated Beneficiary, and any benefits distributable to the Designated Beneficiary shall be distributed to the legal representative of the estate of the Designated Beneficiary.
Appears in 1 contract
Heirs and Successors. This Agreement The RSU Terms shall be binding upon, and inure to the benefit of, the Company and its successors and assigns, and upon any person acquiring, whether by merger, consolidation, purchase of assets or otherwise, all or substantially all of the Company's assets and business. If any rights exercisable by of the Participant or benefits deliverable distributable to the Participant under this Agreement have not been exercised settled or delivereddistributed, respectively, at the time of the Participant's deathDeath, such rights shall be exercisable by settled and payable to the Designated Beneficiary, and such benefits shall be delivered distributed to the Designated Beneficiary, in accordance with the provisions of this Agreement and the PlanRSU Terms. The "Designated Beneficiary" shall be the beneficiary or beneficiaries designated by the Participant in a writing filed with the Committee on the form found in HRCentral, or such other form and at such time as the Committee shall may require. The designation of beneficiary form may be amended or revoked from time to time by the Participant. If a deceased Participant fails to designate a beneficiary, or if the Designated Beneficiary does not survive the Participant, any rights that would have been exercisable by payable to the Participant and shall be payable to the legal representative of the estate of the Participant. If a deceased Participant fails to designate a beneficiary, or if the Designated Beneficiary does not survive the Participant, any benefits distributable rights that would have been payable to the Participant and shall be exercised by or distributed payable to the legal representative of the estate of the Participant. If a deceased Participant designates a beneficiary and the Designated Beneficiary survives the Participant but dies before the settlement of Designated Beneficiary's exercise of all rights under this Agreement or before the complete distribution of benefits to the Designated Beneficiary under this Award Agreement, then any rights that would have been exercisable by the Designated Beneficiary shall be exercised by the legal representative of the estate of the Designated Beneficiary, and any benefits distributable payable to the Designated Beneficiary shall be distributed payable to the legal representative of the estate of the Designated Beneficiary.
Appears in 1 contract
Samples: Restricted Stock Unit Award Agreement (Countrywide Financial Corp)
Heirs and Successors. This Agreement The Award Terms shall be binding upon, and inure to the benefit of, the Company and its successors and assigns, and upon any person acquiring, whether by merger, consolidation, purchase of assets or otherwise, all or substantially all of the Company's ’s assets and business. If any rights exercisable by of the Participant or benefits deliverable distributable to the Participant under this Agreement have not been exercised settled or delivereddistributed, respectively, at the time of the Participant's death’s Death, such rights shall be exercisable by settled and payable to the Designated Beneficiary, and such benefits shall be delivered distributed to the Designated Beneficiary, in accordance with the provisions of this Agreement and the Plan. The "“Designated Beneficiary" ” shall be the beneficiary or beneficiaries designated by the Participant in a writing filed with the Committee on the form found in the Benefits Bookstore on HRCentral, or such other form and at such time as the Committee shall may require. The designation of beneficiary form may be amended or revoked from time to time by the Participant. If a deceased Participant fails to designate a beneficiary, or if the Designated * Provided Cumulative EPS Goals are achieved. Beneficiary does not survive the Participant, any rights that would have been exercisable by payable to the Participant and any benefits distributable to the Participant shall be exercised by or distributed payable to the legal representative of the estate of the Participant. If a deceased Participant designates a beneficiary and the Designated Beneficiary survives the Participant but dies before the settlement of Designated Beneficiary's exercise of all ’s rights under this Agreement or before the complete distribution of benefits to the Designated Beneficiary under this Agreement, then any rights that would have been exercisable by the Designated Beneficiary shall be exercised by the legal representative of the estate of the Designated Beneficiary, and any benefits distributable payable to the Designated Beneficiary shall be distributed payable to the legal representative of the estate of the Designated Beneficiary.
Appears in 1 contract
Samples: Restricted Stock Award Agreement (Countrywide Financial Corp)
Heirs and Successors. This Agreement shall be binding upon, and inure to the benefit of, the Company and its successors and assigns, and upon any person acquiring, whether by merger, consolidation, purchase of assets or otherwise, all or substantially all of the Company's ’s assets and business. If any rights exercisable by the Participant or benefits deliverable distributable to the Participant under this Agreement have not been exercised or delivereddistributed, respectively, at the time of the Participant's ’s death, such rights shall be exercisable by the Designated Beneficiary, and such benefits shall be delivered distributed to the Designated Beneficiary, in accordance with the provisions of this Agreement and the Plan. The "“Designated Beneficiary" ” shall be the beneficiary or beneficiaries designated by the Participant in a writing filed with the Committee in such form and at such time as the Committee shall require. If a deceased Participant fails to designate a beneficiary, or if the Designated Beneficiary does not survive the Participant, any rights that would have been exercisable by the Participant and any benefits distributable to the Participant shall be exercised by or distributed to the legal representative of the estate of the Participant. If a deceased Participant designates a beneficiary and the Designated Beneficiary survives the Participant but dies before the Designated Beneficiary's ’s exercise of all rights under this Agreement or before the complete distribution of benefits to the Designated Beneficiary under this Agreement, then any rights that would have been exercisable by the Designated Beneficiary shall be exercised by the legal representative of the estate of the Designated Beneficiary, and any benefits distributable to the Designated Beneficiary shall be distributed to the legal representative of the estate of the Designated Beneficiary.
Appears in 1 contract
Samples: Non Qualified Stock Option Agreement (Coleman Cable, Inc.)
Heirs and Successors. This Agreement shall be binding upon, and inure to the benefit of, the Company and its successors and assigns, and upon any person acquiring, whether by merger, consolidation, purchase of assets or otherwise, all or substantially all of the Company's ’s assets and business. If any rights exercisable by of the Participant Grantee or benefits deliverable distributable to the Participant Grantee under this Agreement have not been exercised or delivereddistributed, respectively, at the time of the Participant's Grantee’s death, such rights shall be exercisable by the Designated Beneficiary, and such benefits shall be delivered distributed to the Designated Beneficiary, in accordance with the provisions of this Agreement and the Plan. The "“Designated Beneficiary" ” shall be the beneficiary or beneficiaries designated by the Participant Grantee in a writing filed with the Committee in such form and at such time as the Committee shall require. If a deceased Participant Grantee fails to designate a beneficiary, or if the Designated Beneficiary does not survive the ParticipantGrantee, any rights that would have been exercisable by the Participant Grantee and any benefits distributable to the Participant Grantee shall be exercised by or distributed to the legal representative of the estate of the ParticipantGrantee. If a deceased Participant Grantee designates a beneficiary and the Designated Beneficiary survives the Participant Grantee but dies before the Designated Beneficiary's ’s exercise of all rights under this Agreement or before the complete distribution of benefits to the Designated Beneficiary under this Agreement, then any rights that would have been exercisable by the Designated Beneficiary shall be exercised by the legal representative of the estate of the Designated Beneficiary, and any benefits distributable to the Designated Beneficiary shall be distributed to the legal representative of the estate of the Designated Beneficiary.
Appears in 1 contract
Samples: Restricted Stock Agreement (Bonanza Creek Energy, Inc.)
Heirs and Successors. This Agreement shall be binding upon, and inure to the benefit of, the Company and its successors and assigns, and upon any person acquiring, whether by merger, consolidation, purchase of assets or otherwise, all or substantially all of the Company's ’s assets and business. If any rights exercisable by of the Participant or benefits deliverable distributable to the Participant under this Agreement have not been exercised or delivereddistributed, respectively, at the time of the Participant's ’s death, such rights shall be exercisable by the Designated Beneficiary, and such benefits shall be delivered distributed to the Designated Beneficiary, in accordance with the provisions of this Agreement Agreement, the Plan and the PlanBye-Laws. The "“Designated Beneficiary" ” shall be the beneficiary or beneficiaries designated by the Participant in a writing filed with the Committee Executive Team in such form and at such time as the Committee Executive Team shall require. If a deceased Participant fails to designate a beneficiary, or if the Designated Beneficiary does not survive the Participant, any rights that would have been exercisable by the Participant and any benefits distributable to the Participant shall be exercised by or distributed to the legal representative of the estate of the Participant. If a deceased Participant designates a beneficiary and the Designated Beneficiary survives the Participant but dies before the Designated Beneficiary's ’s exercise of all rights under this Agreement or before the complete distribution of benefits to the Designated Beneficiary under this Agreement, then any rights that would have been exercisable by the Designated Beneficiary shall be exercised by the legal representative of the estate of the Designated Beneficiary, and any benefits distributable to the Designated Beneficiary shall be distributed to the legal representative of the estate of the Designated Beneficiary. Any rights of a beneficiary and benefits distributable to a beneficiary under this Agreement shall be subject to the terms and restrictions of the Bye-Laws.
Appears in 1 contract
Samples: Restricted Share Agreement (Sensus Metering Systems Inc)
Heirs and Successors. This Agreement shall be binding upon, and inure to the benefit of, the Company and its successors and assigns, and upon any person acquiring, whether by merger, consolidation, purchase of assets or otherwise, all or substantially all of the Company's ’s assets and business. If any rights exercisable by of the Participant or benefits deliverable distributable to the Participant under this Agreement have not been exercised or delivereddistributed, respectively, at the time of the Participant's ’s death, such rights shall be exercisable by the Designated Beneficiary, and such benefits shall be delivered distributed to the Designated Beneficiary, in accordance with the provisions of this Agreement and the Plan. The "“Designated Beneficiary" ” shall be the beneficiary or beneficiaries designated by the Participant in a writing filed with the Committee in such form and at such time as the Committee shall require. If a deceased Participant fails to designate a beneficiary, or if the Designated Beneficiary does not survive the Participant, any rights that would have been exercisable by the Participant and any benefits distributable to the Participant shall be exercised by or distributed to the legal representative of the estate of the Participant. If a deceased Participant designates a beneficiary and the Designated Beneficiary survives the Participant but dies before the Designated Beneficiary's ’s exercise of all rights under this Agreement or before the complete distribution of benefits to the Designated Beneficiary under this Agreement, then any rights that would have been exercisable by the Designated Beneficiary shall be exercised by the legal representative of the estate of the Designated Beneficiary, and any benefits distributable to the Designated Beneficiary shall be distributed to the legal representative of the estate of the Designated Beneficiary.. RSS Agreement – 2013 LTIP v2 page 2 of 2 Exhibit 10.2
Appears in 1 contract
Heirs and Successors. This Award Agreement shall be binding upon, and inure to the benefit of, the Company and its successors and assigns, and upon any person acquiring, whether by merger, consolidation, purchase of assets or otherwise, all or substantially all of the Company's ’s assets and business. If any rights exercisable by of the Participant or benefits deliverable distributable to the Participant under this Award Agreement have not been exercised settled or delivereddistributed, respectively, at the time of the Participant's ’s death, such rights shall be exercisable by settled and payable to the Designated Beneficiary, and such benefits shall be delivered distributed to the Designated Beneficiary, in accordance with the provisions of of, this Award Agreement and the Plan. The "“Designated Beneficiary" ” shall be the beneficiary or beneficiaries designated by the Participant in a writing filed with the Committee in such form and at such time as the Committee shall may require. The designation of beneficiary form may be amended or revoked from time to time by the Participant. If a deceased Participant fails to designate a beneficiary, or if the Designated Beneficiary does not survive the Participant, any rights that would have been exercisable by payable to the Participant and any benefits distributable to the Participant shall be exercised by or distributed payable to the legal representative of the estate of the Participant. If a deceased Participant designates a beneficiary and the Designated Beneficiary survives the Participant but dies before the settlement of Designated Beneficiary's exercise of all ’s rights under this Agreement or before the complete distribution of benefits to the Designated Beneficiary under this Award Agreement, then any rights that would have been exercisable by the Designated Beneficiary shall be exercised by the legal representative of the estate of the Designated Beneficiary, and any benefits distributable payable to the Designated Beneficiary shall be distributed payable to the legal representative of the estate of the Designated Beneficiary.
Appears in 1 contract
Samples: Restricted Stock Unit Award Agreement (Old Second Bancorp Inc)
Heirs and Successors. (a) This Agreement shall be binding upon, and inure to the benefit of, the Company and its the Participant and their respective successors and assigns, and upon any person acquiring, whether by merger, consolidation, purchase of assets or otherwise, all or substantially all of the Company's assets and business. .
(b) If any rights exercisable by the Participant or benefits deliverable to the Participant under this Agreement have not been exercised or delivered, respectively, at the time of the Participant's death, such rights shall be exercisable by the Designated Beneficiary, and such benefits shall be delivered to the Designated Beneficiary, in accordance with the provisions of this Agreement and the Plan. The "Designated Beneficiary" shall be the beneficiary or beneficiaries designated by the Participant in a writing filed with the Committee in such form and at such time as the Committee shall require. .
(c) If a deceased Participant fails has failed to designate a beneficiary, or if the Designated Beneficiary does not survive the Participant, any rights that would have been exercisable by the Participant and any benefits distributable to the Participant shall be exercised by or distributed to the legal representative of the estate of the Participant. .
(d) If a deceased Participant designates has designated a beneficiary and but the Designated Beneficiary survives the Participant but dies before the Designated Beneficiary's exercise of all rights under this Agreement or before the complete distribution of benefits to the Designated Beneficiary under this Agreement, then any rights that would have been exercisable by the Designated Beneficiary shall be exercised by the legal representative of the estate of the Designated Beneficiary, and any benefits distributable to the Designated Beneficiary shall be distributed to the legal representative of the estate of the Designated Beneficiary.
Appears in 1 contract
Heirs and Successors. This Agreement shall be binding upon, and inure to the benefit of, the Company and its successors and assigns, and upon any person acquiring, whether by merger, consolidation, purchase of assets or otherwise, all or substantially all of the Company's ’s assets and business. If any rights exercisable by the Participant or benefits deliverable to the Participant under this Agreement have not been exercised or delivered, respectively, at the time of the Participant's ’s death, such rights shall be exercisable by the Designated Beneficiary, and such benefits shall be delivered to the Designated Beneficiary, in accordance with the provisions of this Agreement and the Plan. The "“Designated Beneficiary" ” shall be the beneficiary or beneficiaries designated by the Participant in a writing filed with the Committee in such form and at such time as the Committee shall require. If a deceased Participant fails to designate a beneficiary, or if the Designated Beneficiary does not survive the Participant, any rights that would have been exercisable by the Participant and any benefits distributable to the Participant shall be exercised by or distributed to the legal representative of the estate of the Participant. If a deceased Participant designates a beneficiary and the Designated Beneficiary survives the Participant but dies before the Designated Beneficiary's ’s exercise of all rights under this Agreement or before the complete distribution of benefits to the Designated Beneficiary under this Agreement, then any rights that would have been exercisable by the Designated Beneficiary shall be exercised by the legal representative of the estate of the Designated Beneficiary, and any benefits distributable to the Designated Beneficiary shall be distributed to the legal representative of the estate of the Designated Beneficiary.
Appears in 1 contract
Heirs and Successors. This Subject to Section 7, this Agreement shall be binding upon, and inure to the benefit of, the Company and its successors and assigns, and upon any person acquiring, whether by merger, consolidation, purchase of assets or otherwise, all or substantially all of the Company's ’s assets and business. If any rights exercisable by the Participant or benefits deliverable to the Participant under this Agreement have not been exercised or delivered, respectively, at the time of the Participant's ’s death, such rights shall be exercisable by the Designated Beneficiary, and such benefits shall be delivered to the Designated Beneficiary, in accordance with the provisions of this Agreement and the Plan. The "Designated Beneficiary" shall be the beneficiary or beneficiaries designated by the Participant in a writing filed with the Committee in such form and at such time as the Committee shall require. If a deceased Participant fails to designate a beneficiary, or if the Designated Beneficiary does not survive the Participant, any rights that would have been exercisable by the Participant and any benefits distributable to the Participant shall be exercised by or distributed to the legal representative of the estate of the Participant. If a deceased Participant designates a beneficiary and the Designated Beneficiary survives the Participant but dies before the Designated Beneficiary's ’s exercise of all rights under this Agreement or before the complete distribution of benefits to the Designated Beneficiary under this Agreement, then any rights that would have been exercisable by the Designated Beneficiary shall be exercised by the legal representative of the estate of the Designated Beneficiary, and any benefits distributable to the Designated Beneficiary shall be distributed to the legal representative of the estate of the Designated Beneficiary.
Appears in 1 contract
Samples: Executive Non Qualified Stock Option Agreement (Assured Guaranty LTD)
Heirs and Successors. (a) This Agreement shall be binding upon, and inure to the benefit of, the Company and its the Participant and their respective successors and assigns, and upon any person acquiring, whether by merger, consolidation, purchase of assets or otherwise, all or substantially all of the Company's assets and business. .
(b) If any rights exercisable by the Participant or benefits deliverable to the Participant under this Agreement have not been exercised or delivered, respectively, at the time of the Participant's ’s death, such rights shall be exercisable by the Designated Beneficiary, and such benefits shall be delivered to the Designated Beneficiary, in accordance with the provisions of this Agreement and the Plan. The "Designated Beneficiary" shall be the beneficiary or beneficiaries designated by the Participant in a writing filed with the Committee in such form and at such time as the Committee shall require. .
(c) If a deceased Participant fails has failed to designate a beneficiary, or if the Designated Beneficiary does not survive the Participant, any rights that would have been exercisable by the Participant and any benefits distributable to the Participant shall be exercised by or distributed to the legal representative of the estate of the Participant. .
(d) If a deceased Participant designates has designated a beneficiary and but the Designated Beneficiary survives the Participant but dies before the Designated Beneficiary's ’s exercise of all rights under this Agreement or before the complete distribution of benefits to the Designated Beneficiary under this Agreement, then any rights that would have been exercisable by the Designated Beneficiary shall be exercised by the legal representative of the estate of the Designated Beneficiary, and any benefits distributable to the Designated Beneficiary shall be distributed to the legal representative of the estate of the Designated Beneficiary.. Last Name, First Name - Restricted Stock Agreement
Appears in 1 contract
Heirs and Successors. This Agreement The Option Terms shall be binding upon, and inure to the benefit of, the Company and its successors and assigns, and upon any person acquiring, whether by merger, consolidation, purchase of assets or otherwise, all or substantially all of the Company's ’s assets and business. If any rights exercisable by of the Participant or benefits deliverable distributable to the Participant under this Agreement have not been exercised or delivereddistributed, respectively, at the time of the Participant's ’s death, such rights shall be exercisable by the Designated Beneficiary, and such benefits shall be delivered distributed to the Designated Beneficiary, in accordance with the provisions of this Agreement and the Plan. The "“Designated Beneficiary" ” shall be the beneficiary or beneficiaries designated by the Participant in a writing filed with the Committee in such form and at such time as the Committee shall require. If a deceased Participant fails to designate a beneficiary, or if the Designated Beneficiary does not survive the Participant, any rights that would have been exercisable by the Participant and any benefits distributable to the Participant shall be exercised by or distributed to the legal representative of the estate of the Participant. If a deceased Participant designates a beneficiary and the Designated Beneficiary survives the Participant but dies before the Designated Beneficiary's ’s exercise of all rights under this Agreement or before the complete distribution of benefits to the Designated Beneficiary under this Agreement, then any rights that would have been exercisable by the Designated Beneficiary shall be exercised by the legal representative of the estate of the Designated Beneficiary, and any benefits distributable to the Designated Beneficiary shall be distributed to the legal representative of the estate of the Designated Beneficiary.
Appears in 1 contract
Samples: Non Qualified Stock Option Agreement (Modigene Inc.)
Heirs and Successors. This Agreement shall be binding upon, and inure to the benefit of, the Company and its successors and assigns, and upon any person acquiring, whether by merger, consolidation, purchase of assets or otherwise, all or substantially all of the Company's assets and business. If any rights exercisable by of the Participant or benefits deliverable distributable to the Participant under this Agreement have not been exercised or delivereddistributed, respectively, at the time of the Participant's death, such rights shall be exercisable by the Designated Beneficiary, and such benefits shall be delivered distributed to the Designated Beneficiary, in accordance with the provisions of this Agreement and the Plan. The "Designated Beneficiary" shall be the beneficiary or beneficiaries designated by the Participant in a writing filed with the Committee Administrator in such form and at such time as the Committee Administrator shall require. If a deceased Participant fails to designate a beneficiary, or if the Designated Beneficiary does not survive the Participant, any rights that would have been exercisable by the Participant and any benefits distributable to the Participant shall be exercised by or distributed to the legal representative of the estate of the Participant. If a deceased Participant designates a beneficiary and but the Designated Beneficiary survives the Participant but dies before the Designated Beneficiary's exercise of all rights under this Agreement or before the complete distribution of benefits to the Designated Beneficiary under this Agreement, then any rights that would have been exercisable by the Designated Beneficiary shall be exercised by the legal representative of the estate of the Designated Beneficiary, and any benefits distributable to the Designated Beneficiary shall be distributed to the legal representative of the estate of the Designated Beneficiary.
Appears in 1 contract