Participant’s Disability. Notwithstanding any provision in the Plan to the contrary, if a Participant terminates service from the Company or any Subsidiary or Affiliate due to Disability, the PRSUs shall vest in full based on the banked amounts for those Performance Year(s) completed and vest at Target for any uncompleted Performance Year. “Disability” shall mean that the Participant, due to physical or mental illness, is considered disabled under the Company’s long-term disability insurance plan.
Participant’s Disability. Notwithstanding any provision in the Plan to the contrary, if a Participant terminates Service due to Disability, any unvested Units shall immediately vest in full.
Participant’s Disability. ADDENDUM 1 TO THE MOTOS AMERICA INC. STOCK OPTION AGREEMENT NOTICE OF EXERCISE Motos America Inc. 510 So. 000 Xxxx #000 Xxxx Xxxx Xxxx, X 00000 Attention: Stock Plan Administrator Date of Exercise: This constitutes notice to Motos America Inc. under my Option that I elect to purchase the below number of shares of Common Stock of the Company for the price set forth below. Non - statutory տ Incentive տ Type of option (check one): Stock option dated: Number of Shares as to which option is exercised: Certificates to be issued in name of: $ $ Total exercise price: $ $ Cash payment delivered herewith: $ $ Value of Shares delivered herewith: $ $ Value of Shares pursuant to net exercise: $ $ [Regulation T Program (cashless exercise): By this exercise, I agree (i) to provide such additional documents as you may require pursuant to the terms of the Motos America Inc . 2022 Option Plan, (ii) to provide for the payment by me to you (in the manner designated by you) of your withholding obligation, if any, relating to the Zoho Sign Document ID: SKPMVSINLTKOCRIQJ2WDINFLGXNGJDFTYOS3MVH_N1U Motos America Inc. Stock Option Agreement exercise of this option, and (iii) if this exercise relates to an Incentive Stock Option, to notify you in writing within fifteen ( 15 ) days after the date of any disposition of any of the Shares issued upon exercise of this option that occurs within two ( 2 ) years after the Date of Grant of this option or within one ( 1 ) year after such Shares are issued upon exercise of this option . I further agree that, if required by the Company (or a representative of the underwriters) in connection with the first underwritten registration of the offering of any securities of the Company under the Securities Act, I will not sell, dispose of, transfer, make any short sale of, grant any option for the purchase of, or enter into any hedging or similar transaction with the same economic effect as a sale with respect to any shares of Common Stock or other securities of the Company for a period of one hundred eighty ( 180 ) days following the effective date of a registration statement of the Company filed under the Securities Act (or such longer period as the underwriters or the Company will request to facilitate compliance with FINRA Rule 2241 or any successor or similar rule or regulation) (the "Lock - Up Period") . I further agree to execute and deliver such other agreements as may be reasonably requested by the Company or the underwriters that are consist...
Participant’s Disability. Notwithstanding any provision in the Plan to the contrary, if a Participant terminates service from the Company or any Subsidiary or Affiliate due to Disability, any unvested Units shall immediately vest in full. “Disability” shall mean that the Participant, due to physical or mental illness, is considered disabled under the Company’s long-term disability insurance plan.
Participant’s Disability. If a Participant becomes disabled while employed by the Employer or while serving in the capacity of a Director, his Account shall be valued as of his date of disability and be distributed in a lump sum to him as soon as administratively feasible, but no later than 30 days following the Participant's date of Disability.
Participant’s Disability. In the event of the Participant’s Disability prior to or while receiving Retirement Benefits from the Employer, the participant 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/her Joinder Agreement. Disability shall be defined based on the terminology and regulations provided under Code Section 409-A.
Participant’s Disability. (i) if such termination occurs (x) after the Company has executed a letter of intent or a definitive agreement relating to a transaction that would constitute a Change in Control and (y) on or prior to the date of a Change in Control occurring within 12 months after the date of execution of such letter of intent or definitive agreement, then the Participant shall continue to vest in accordance with the Vesting Schedule as set forth in Section 2 until such Change in Control, at which time Participant shall become fully vested in all the Restricted Units, and
Participant’s Disability. Accordingly, upon a determination of a Participant's Disability by the Plan Administrator, a Participant's vested percentage in his Employer Account shall be 100% and the Vested Balance shall be payable to such Participant pursuant to this Article VII.
Participant’s Disability. For purposes of this Agreement, “Change of Control” shall have the same definition provided to “Change in Control” in the Plan except that in subclause (i) of such Change in Control definition, twenty-five percent (25%) shall be replaced by fifty percent (50%).
Participant’s Disability. Notwithstanding any provision in the Plan to the contrary, if Participant terminates employment as Interim President and CEO due to Disability, any unvested Units that would have vested in the month of Participant’s termination due to Disability shall immediately vest for the month of termination 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
