Common use of Vesting Upon Death or Disability Clause in Contracts

Vesting Upon Death or Disability. In the event of Participant’s termination of employment due to death or Disability of the Participant before the expiration of the Vesting Schedule, then the vesting of the Shares under the Vesting Schedule shall be automatically accelerated in full so that all of the Shares shall become Vested Shares, effective as of the date of death or Disability;

Appears in 3 contracts

Samples: Restricted Stock Award Agreement (Evans Bancorp Inc), Restricted Stock Award Agreement (Evans Bancorp Inc), Restricted Stock Award Agreement (Evans Bancorp Inc)

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Vesting Upon Death or Disability. In the event of Participant’s termination of employment service due to death or Disability of the Participant before the expiration of the Vesting Schedule, then the vesting of the Shares under the Vesting Schedule shall be automatically accelerated in full so that all of the Shares shall become Vested Shares, effective as of the date of death or Disability;.

Appears in 1 contract

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

Vesting Upon Death or Disability. In the event of Participant’s termination of employment due to death or Disability of the Participant before the expiration of the Vesting Schedule, then the vesting of the Shares under the Vesting Schedule shall be automatically accelerated in full so that all of the Shares shall become Vested Shares, effective as of the date of death or Disability;.

Appears in 1 contract

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

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Vesting Upon Death or Disability. In the event of Participant’s termination of employment Service due to death or Disability of the Participant before the expiration of the Vesting Schedule, then the vesting of the Shares under the Vesting Schedule shall be automatically accelerated in full so that all of the Shares shall become Vested Shares, effective as of the date of death or Disability;

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Evans Bancorp Inc)

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