Other than Death or Permanent Disability. If the Director ceases to serve as a member of the Board before the Vesting Date for any reason other than as set forth in Section 2(b) or Section 2(d), then, to the extent the RSUs have not previously been forfeited, the RSUs will Vest upon the date of the Director’s cessation of service as a member of the Board at a rate of 25% of the RSUs for each fiscal quarter during the fiscal year in which the RSU is granted during which the Director served as a member of the Board for at least one (or a portion of one) day (with any RSUs that do not Vest according to this Section 2(c) being forfeited by the Director upon such cessation of service).
Appears in 4 contracts
Samples: Restricted Stock Unit Agreement (Lamb Weston Holdings, Inc.), Restricted Stock Unit Agreement (Lamb Weston Holdings, Inc.), Restricted Stock Unit Agreement (Conagra Foods Inc /De/)
Other than Death or Permanent Disability. If the Director ceases to serve as a member of the Board before the Vesting Date for any reason other than as set forth in Section 2(b) or Section 2(d), then, to the extent the RSUs have not previously been forfeited, the RSUs will Vest upon the date of the Director’s cessation of service as a member of the Board at a rate of 25% of the RSUs for each fiscal quarter during the fiscal year in which the RSU is granted during which the Director served as a member of the Board for at least one (or a portion of one) day rounded to the nearest whole number of RSUs (with any RSUs that do not Vest according to this Section 2(c) being forfeited by the Director upon such cessation of service).
Appears in 1 contract
Samples: Restricted Stock Unit Agreement (Conagra Brands Inc.)
