Common use of Vesting Upon Death or Disability of Participant Clause in Contracts

Vesting Upon Death or Disability of Participant. Subject to the provisions of Section C.4 below, and notwithstanding the provisions of Section C.1, if the Participant's employment with the Company is terminated as a result of the Participant's death or Disability, one hundred percent (100%) of the Participant's Accrued Benefit Deferred Account shall vest in the Participant or the Participant's Beneficiary, as the case may be.

Appears in 4 contracts

Samples: Deferred Compensation Agreement (Daktronics Inc /Sd/), Deferred Compensation Agreement (Daktronics Inc /Sd/), Deferred Compensation Agreement (Daktronics Inc /Sd/)

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