Treatment upon Death. The Award Recipient may elect to designate a beneficiary to receive the shares of Restricted Stock that vest in the event of his or her death. In the absence of such a designation, upon the Award Recipient’s death, any such interest will be transferred as provided in the Award Recipient’s will or according to the applicable laws of descent and distribution.
Appears in 5 contracts
Samples: Restricted Stock Agreement (First Horizon Corp), Restricted Stock Agreement (Iberiabank Corp), Restricted Stock Agreement (Iberiabank Corp)
