Common use of Separation from Service upon Death Clause in Contracts

Separation from Service upon Death. In the event of Grantee’s Separation from Service due to the death of Grantee, all unvested Phantom Shares on the date of death shall be adjusted in accordance with the peer company comparison in Exhibit A pursuant to Section 6.7, and paid to the Grantee’s surviving spouse, if any, who shall be his sole primary beneficiary. In the event that there is no surviving spouse, then such benefits shall be paid to the Grantee's estate upon receipt of proper instructions by the Committee.

Separation from Service upon Death. In the event of Grantee’s Separation from Service due to the death of Grantee, all unvested Phantom Shares on shall be 100% vested as of the date of death death. Any amount due shall be adjusted payable in accordance with the peer company comparison in Exhibit A pursuant to Section 6.7, and paid 6 to the Grantee’s surviving spouse, if any, who shall be his sole primary beneficiary. In the event that there is no surviving spouse, then such benefits shall be paid to the Grantee's estate upon receipt of proper instructions by the Committee.