Termination of Employment Due to Death, Disability or Retirement. In the event the employment of the Participant is terminated due to death, Disability, or Retirement (as such terms are defined in the Plan) prior to the Lapse of Restrictions Date, all Shares of Restricted Stock then unvested shall immediately vest one hundred percent (100%), and thereafter such Shares shall be freely transferable by the Participant, subject to applicable federal and state securities laws.
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Sources: Restricted Stock Award Agreement (Bandag Inc), Restricted Stock Award Agreement (Bandag Inc), Restricted Stock Award Agreement (Bandag Inc)
Termination of Employment Due to Death, Disability or Retirement. In the event the employment of the Participant is terminated due to death, Disability, or Retirement (as such terms are defined in the Plan) prior to the Lapse of Restrictions Date, all Shares of Restricted Stock then unvested shall immediately vest one hundred percent (100%), and thereafter such Shares shall be freely transferable by the Participant, subject to applicable federal and state securities laws.
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