Common use of Qualifying Termination of Employment Clause in Contracts

Qualifying Termination of Employment. Upon a Participant’s Qualifying Termination of Employment (as such term is hereinafter defined), with respect to any portion of the Restricted Stock subject to the Restrictions, the Restrictions shall lapse and be of no further force or effect as of the dates set forth in Section 4(a)(iv) of the 2016 LTIP in the same manner and to the same extent as if the Participant’s employment had continued.

Appears in 1 contract

Samples: Award Agreement (Delta Air Lines Inc /De/)

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Qualifying Termination of Employment. Upon a Participant’s 's Qualifying Termination of Employment (as such term is hereinafter defined), with respect to any portion of the Restricted Stock subject to the Restrictions, the Restrictions shall lapse and be of no further force or effect as of the dates set forth in Section 4(a)(iv) of the 2016 2013 LTIP in the same manner and to the same extent as if the Participant’s 's employment had continued.

Appears in 1 contract

Samples: Award Agreement (Delta Air Lines Inc /De/)

Qualifying Termination of Employment. Upon a Participant’s Qualifying Termination of Employment (as such term is hereinafter defined), with respect to any portion of the Restricted Stock subject to the Restrictions, the Restrictions shall lapse and be of no further force or effect as of the dates set forth in Section 4(a)(iv) of the 2016 2015 LTIP in the same manner and to the same extent as if the Participant’s employment had continued.

Appears in 1 contract

Samples: Award Agreement (Delta Air Lines Inc /De/)

Qualifying Termination of Employment. Upon a Participant’s 's Qualifying Termination of Employment (as such term is hereinafter defined), with respect to any portion of the Restricted Stock subject to the Restrictions, the Restrictions shall lapse and be of no further force or effect as of the dates set forth in Section 4(a)(iv) of the 2016 LTIP TAP in the same manner and to the same extent as if the Participant’s 's employment had continued.

Appears in 1 contract

Samples: Award Agreement (Delta Air Lines Inc /De/)

Qualifying Termination of Employment. Upon a Participant’s Qualifying Termination of Employment (as such term is hereinafter defineddefined below), with respect to any portion of the Restricted Stock subject to the Restrictions, the Restrictions shall lapse and be of no further force or effect as of the dates set forth in Section 4(a)(iv) of the 2016 2020 LTIP in the same manner and to the same extent as if the Participant’s employment had continued.

Appears in 1 contract

Samples: Award Agreement (Delta Air Lines, Inc.)

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Qualifying Termination of Employment. Upon a Participant’s Qualifying Termination of Employment (as such term is hereinafter defined), with respect to any portion of the Restricted Stock subject to the Restrictions, the Restrictions shall lapse and be of no further force or effect as of the dates set forth in Section 4(a)(iv) of the 2016 2014 LTIP in the same manner and to the same extent as if the Participant’s employment had continued.

Appears in 1 contract

Samples: Award Agreement (Delta Air Lines Inc /De/)

Qualifying Termination of Employment. Upon a Participant’s Qualifying Termination of Employment (as such term is hereinafter defineddefined below), with respect to any portion of the Restricted Stock subject to the Restrictions, the Restrictions shall lapse and be of no further force or effect as of the dates set forth in Section 4(a)(iv) of the 2016 2017 LTIP in the same manner and to the same extent as if the Participant’s employment had continued.

Appears in 1 contract

Samples: Award Agreement (Delta Air Lines Inc /De/)

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