Common use of Termination of Status as a Board Member Clause in Contracts

Termination of Status as a Board Member. In the event of the Grantee's termination of service as a member of the Board prior to the Vesting Date, for any reason other than death or disability (as defined in Code Section 409A and the Treasury Regulations issued thereunder), the Grantee shall immediately forfeit all rights with respect to any Restricted Stock Units (and Dividend Equivalents) which have not yet vested in accordance with the provisions of Section 2(a) of this Agreement. The Restricted Stock Units shall become 100% vested in the event of the Grantee’s termination of service as a member of the Board due to death or disability.

Termination of Status as a Board Member. In the event of the Grantee's ’s termination of service as a member of the Board of Directors of the Company prior to the Vesting Date, for any reason other than death or disability (as defined in Code Section 409A and the Treasury Regulations issued thereunder), the Grantee shall immediately forfeit all rights with respect to any Restricted Stock Units (and Dividend Equivalents) which have not yet vested in accordance with the provisions of Section 2(a) of this Agreement. The Restricted Stock Units shall become 100% vested in the event of the Grantee’s termination of service as a member of the Board of Directors of the Company due to death or disability.

Termination of Status as a Board Member. In the event of the Grantee's termination of service as a member of the Board prior to the Vesting Date, for any reason other than death or disability (as defined in Code Section 409A and the Treasury Regulations issued thereunder), the Grantee shall immediately forfeit all rights with respect to any Restricted Stock Units (and Units, including associated Dividend Equivalents) Equivalent Units, which have not yet vested in accordance with the provisions of Section 2(a) of this Agreement. The Restricted Stock Units Units, including associated Dividend Equivalent Units, shall become 100% vested in the event of the Grantee’s termination of service as a member of the Board due to death or disability.

Termination of Status as a Board Member. In the event of the Grantee's termination of service as a member of the Board of Directors of the Company prior to the Vesting Date, for any reason other than death or disability (as defined in Code Section 409A and the Treasury Regulations issued thereunder), the Grantee shall immediately forfeit all rights with respect to any Restricted Stock Units (and Dividend Equivalents) which have not yet vested in accordance with the provisions of Section 2(a) of this Agreement. The Restricted Stock Units shall become 100% vested in the event of the Grantee’s termination of service as a member of the Board of Directors of the Company due to death or disability.