Participant’s Death. Notwithstanding any provision in the Plan to the contrary, if a Participant dies while providing service to the Company or any Subsidiary or Affiliate, any unvested Units shall immediately vest in full. The then vested portion of the Units shall be delivered to the executor or administrator of Participant’s estate or, if none, to the person(s) entitled to receive the vested Units under Participant’s will or the laws of descent or distribution.
Participant’s Death. Notwithstanding any provision in the Plan to the contrary, if a Participant dies while providing service to the Company or any Subsidiary or Affiliate, the PRSUs shall immediately vest based on the banked amounts for those Performance Year(s) completed and vest at Target for any uncompleted Performance Year. The vested portion of the PRSUs shall be delivered to the executor or administrator of Participant’s estate or, if none, to the person(s) entitled to receive the vested PRSUs under Participant’s will or the laws of descent or distribution, and the unvested portion of the PRSUs shall be forfeited.
Participant’s Death. The Participant’s death shall not affect the Alternate Payee’s right to the Plan benefits assigned in this Agreement, and the Alternate Payee shall be treated as the Participant’s surviving spouse for purposes of any death benefits to the extent necessary to protect the Alternate Xxxxx’s assigned benefits.
Participant’s Death. In the event the Participant ceases to be an employee of any of the subsidiaries of the Company because of Death, the person or persons to whom the Participant’s rights under the Stock Option shall pass by the Participant’s will or laws of descent and distribution may exercise any vested Stock Options for a period up to twelve months after the date of death.
Participant’s Death. If the Participant dies while actively employed by the Corporation or a Subsidiary or prior to the 90th day after the Participant’s termination of employment with the Corporation or a Subsidiary (for reasons other than having reached his Normal Retirement Date, Early Retirement Date, or Disability Retirement Date), the Expiration Date for exercising his or her vested SAR Units under this Agreement shall be the third anniversary of the Participant’s death.
Participant’s Death. In the event the Participant ceases to be an employee of any of the subsidiaries of the Company because of death, the Participant’s rights under the Stock Option shall pass by the Participant’s will or laws of descent and distribution.
Participant’s Death. If the Participant dies while employed by the Employer or while serving in the capacity of a Director, his Account shall be valued as of his date of death and be distributed in a lump sum to his Designated Beneficiary as soon as administratively feasible following the Participant's death, and no later than 30 days following the Participant's date of death.
Participant’s Death. Notwithstanding any provision in the Plan to the contrary, if Participant dies while employed as Interim President and CEO, any unvested Units that would have vested in the month of Participant’s death shall immediately vest based on a prorated number of the Units scheduled to vest for such month equal to the number of Units scheduled to vest for such month multiplied by a fraction, the numerator of which is the number of days employed during such month and the denominator of which is the total number of days in such month. The then vested portion of the Units shall be delivered to the executor or administrator of Participant’s estate or, if none, to the person(s) entitled to receive the vested Units under Participant’s will or the laws of descent or distribution.
Participant’s Death. In the event a Participant dies having incurred a Health Care Expense which would have been reimbursable out of the Participant's HC Account had the Participant not died and a person or the Participant's estate has paid for or assumed liability for the expense, reimbursement may be made to that person or the estate for that payment or assumption.
Participant’s Death. If the Participant dies prior to or while receiving Retirement Benefits from the Employer, the Beneficiary shall receive the balance of the Benefits due, if any, on the same payment schedule over the remainder of the term as originally established for the participant in his Joinder Agreement.
