Common use of Vesting of Restricted Stock Awards Clause in Contracts

Vesting of Restricted Stock Awards. In the event of the Participant’s death after the date Participant becomes Retirement Eligible, any and all unvested shares of Stock under this Award Agreement shall become automatically fully vested. In the event the Participant voluntarily terminates employment or terminates employment due to Disability following the date he becomes Retirement Eligible, subject to the provisions of Section 9, the Participant shall be eligible to continue to vest in accordance with the Vesting Schedule provided that (i) the Participant is continuously employed as a full-time employee through the one-year anniversary of the Date of Grant, (ii) the Participant complies with the requirements set forth in Section 8 below at all times during the remainder of the Vesting Schedule and (iii) the

Appears in 4 contracts

Samples: Nonqualified Stock Option Agreement (Helmerich & Payne Inc), Restricted Stock Award Agreement (Helmerich & Payne Inc), Restricted Stock Award Agreement (Helmerich & Payne Inc)

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Vesting of Restricted Stock Awards. In the event of the Participant’s death after the date Participant becomes Retirement Eligible, any and all unvested shares of Stock under this Award Agreement shall become automatically fully vested. In the event the Participant voluntarily terminates employment or terminates employment due to Disability following the date he becomes Retirement Eligible, subject to the provisions of Section 9, the Participant shall be eligible to continue to vest in accordance with the Vesting Schedule provided that (i) the Participant is continuously employed as a full-time employee through the one-year anniversary of the Date of Grant, (ii) the Participant complies with the requirements set forth in Section 8 below at all times during the remainder of the Vesting Schedule and (iii) thethe Participant executes and delivers to the Company a compliance certificate in the form attached

Appears in 2 contracts

Samples: Nonqualified Stock Option Agreement (Helmerich & Payne Inc), Nonqualified Stock Option Agreement (Helmerich & Payne Inc)

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