Payment of Stock Units upon Termination of Employment as a Result of Death or Total Disability. Notwithstanding Section 6(a), within 60 days following a termination of the Participant’s employment as a result of his or her death or Total Disability, the Corporation shall deliver to the Participant a number of Common Shares equal to the number of Stock Units subject to this Award that became vested in accordance with Section 3(b) (including any Stock Units credited as dividend equivalents with respect to such Stock Units).
Appears in 5 contracts
Samples: Restricted Stock Unit Award Agreement (American States Water Co), Restricted Stock Unit Award Agreement (Golden State Water CO), Restricted Stock Unit Award Agreement (Golden State Water CO)
Payment of Stock Units upon Termination of Employment as a Result of Death or Total Disability. Notwithstanding Section 6(a), within 60 days following a termination of the Participant’s employment as a result of his or her death or Total Disability, the Corporation shall deliver to the Participant a number of Common Shares equal to the number of Stock Units subject to this Award that became vested in accordance with Section 3(b) (including any Stock Units credited as dividend equivalents with respect to such Stock Units).”
4. Effective as of the Effective Date, Section 6(c) of the Award Agreement is amended to read as follows:
Appears in 1 contract
Samples: Restricted Stock Unit Award Agreement (Golden State Water CO)
