Common use of Permanent and Total Disability of Employee Clause in Contracts

Permanent and Total Disability of Employee. In the event of the Disability of the Employee, any vested Restricted Stock shall be delivered to the Employee if legally competent or to a legally designated guardian or representative if the Employee is legally incompetent.

Permanent and Total Disability of Employee. In the event of the Disability of the Employee, any all vested Restricted Stock shall be delivered to the Employee if legally competent or to a legally designated guardian or representative if the Employee is legally incompetent.