Common use of Termination due to Executive’s Death or Disability Clause in Contracts

Termination due to Executive’s Death or Disability. If the Executive’s employment and this Agreement is terminated due to the Executive’s death or Disability (within the meaning of Section 6.2(b)), and at the time no circumstance, event or occurrence constituting a For Cause Event existed, then any Restricted Shares that are scheduled to vest during the period from the date of termination through the next Scheduled Vesting Date, as applicable, pursuant to Section 2.5(a) above (but in no event longer than a six-month period following the date of Executive’s date of termination) shall immediately and automatically vest and become non-forfeitable and the remaining unvested Restricted Shares shall terminate and be forfeited by the Executive and revert to the Employer.

Appears in 3 contracts

Samples: Employment Agreement (Investview, Inc.), Employment Agreement (Investview, Inc.), Employment Agreement (Investview, Inc.)

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Termination due to Executive’s Death or Disability. If the Executive’s employment and this Agreement is terminated due to the Executive’s death or Disability (within the meaning of Section 6.2(b)), and at the time no circumstance, event or occurrence constituting a For Cause Event existed, then any Restricted Shares portion of the Option that are is scheduled to vest during the period from the date of Executive’s termination of employment through the next Scheduled Vesting Date, as applicable, pursuant to Section 2.5(a) above applicable (but in no event longer than a six-month period following the date of Executive’s date termination of terminationemployment) shall immediately and automatically vest and become non-forfeitable and the remaining unvested Restricted Shares portion of the Option shall terminate and be forfeited by the Executive and revert to the EmployerExecutive.

Appears in 2 contracts

Samples: Employment Agreement (Investview, Inc.), Employment Agreement (Investview, Inc.)

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Termination due to Executive’s Death or Disability. If the Executive’s employment and this Agreement is terminated due to the Executive’s death or Disability (within the meaning of Section 6.2(b)), and at the time no circumstance, event or occurrence constituting a For Cause Event existed, then any Restricted Shares portion of the Option that are is scheduled to vest during the period from the date of Executive’s termination of employment through the next Section 2.5(a) Scheduled Vesting Date, as applicable, pursuant to Section 2.5(a) above applicable (but in no event longer than a six-month period following the date of Executive’s date termination of terminationemployment) shall immediately and automatically vest and become non-forfeitable and the remaining unvested Restricted Shares portion of the Option shall terminate and be forfeited by the Executive and revert to the EmployerExecutive.

Appears in 1 contract

Samples: Employment Agreement (Investview, Inc.)

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