Common use of Vesting Upon Death or Disability Clause in Contracts

Vesting Upon Death or Disability. If Participant incurs a Termination of Employment due to Participant’s death or Disability, the restrictions on any unvested Restricted Stock shall immediately lapse and the Restricted Stock shall be fully vested as of the date of Termination of Employment.

Appears in 5 contracts

Samples: Restricted Stock Award Agreement (National Bank Holdings Corp), Restricted Stock Award Agreement (National Bank Holdings Corp), Restricted Stock Award Agreement (National Bank Holdings Corp)

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Vesting Upon Death or Disability. If Participant incurs a Termination of Employment Service due to Participant’s death or Disability, the restrictions on any unvested Restricted Stock shall immediately lapse and the Restricted Stock shall be fully vested as of the date of Termination of EmploymentService.

Appears in 4 contracts

Samples: Restricted Stock Award Agreement (Triumph Bancorp, Inc.), Restricted Stock Award Agreement (Triumph Bancorp, Inc.), Restricted Stock Award Agreement (Triumph Bancorp, Inc.)

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