Common use of Termination of Employment On Account of Death Clause in Contracts

Termination of Employment On Account of Death. Upon termination of a Participant’s employment on account of death prior to the Vesting Date, the Participant’s Performance Award shall vest as of the date of such termination of employment at target levels and shall be settled in shares of Company Stock for the benefit of the Participant's estate no later than the end of the calendar year in which the Participant's death occurs or, if later, by the fifteenth day of the third calendar month following the Participant's death.

Appears in 2 contracts

Samples: Performance Award Agreement (Endo International PLC), Performance Award Agreement (Endo International PLC)

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Termination of Employment On Account of Death. Upon termination of a Participant’s employment on account of death prior to the Vesting Date, the Participant’s Performance Award shall vest as of the date of such termination of employment at target levels and shall be settled in shares of Company Common Stock for the benefit of the Participant's ’s estate no later than the end of the calendar year in which the Participant's ’s death occurs or, if later, by the fifteenth day of the third calendar month following the Participant's ’s death.

Appears in 2 contracts

Samples: Performance Award Agreement (Endo International PLC), Executive Employment Agreement (Endo Health Solutions Inc.)

Termination of Employment On Account of Death. Upon termination of a Participant’s employment on account of death prior to the Vesting Dateend of the Performance Period, the Participant’s Performance Award shall vest as of the date of such termination of employment at target levels and shall be settled in shares of Company Common Stock for the benefit of the Participant's ’s estate no later than the end of the calendar year in which the Participant's ’s death occurs or, if later, by the fifteenth day of the third calendar month following the Participant's ’s death.

Appears in 2 contracts

Samples: Performance Award Agreement (Endo Pharmaceuticals Holdings Inc), Performance Award Agreement (Endo Pharmaceuticals Holdings Inc)

Termination of Employment On Account of Death. Upon termination of a Participant’s employment on account of death prior to the Vesting Date, the Participant’s Performance Award shall vest as of the date of such termination of employment at target levels and shall be settled in shares of Company Common Stock for the benefit of the Participant's estate no later than the end of the calendar year in which the Participant's death occurs or, if later, by the fifteenth day of the third calendar month following the Participant's death.

Appears in 1 contract

Samples: Performance Award Agreement (Endo International PLC)

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Termination of Employment On Account of Death. Upon termination of a Participant’s employment on account of death prior to the Vesting Date, the Participant’s Matched Performance Award shall vest as of the date of such termination of employment at target levels and shall be settled in shares of Company Stock for the benefit of the Participant's ’s estate no later than the end of the calendar year in which the Participant's ’s death occurs or, if later, by the fifteenth day of the third calendar month following the Participant's ’s death.

Appears in 1 contract

Samples: Executive Employment Agreement (Endo International PLC)

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