Common use of Vesting Upon Death or Disability Clause in Contracts

Vesting Upon Death or Disability. Notwithstanding Section 2.3 or 2.4 above, if Xxxxxxx’s Continuous Service ceases due to Grantee’s death or disability (as defined in the Plan), then a Pro-Rata Portion (as defined below) of the Stock Units, which are then otherwise unvested, shall become vested effective as of the date of termination of Continuous Service. No transfer by will or the applicable laws of descent and distribution of any Stock Units that vest by reason of Xxxxxxx’s death shall be effective to bind the Company unless the Administrator shall have been furnished with written notice of such transfer and a copy of the will or such evidence as the Administrator may deem necessary to establish the validity of the transfer. “Pro-Rata Portion” shall mean (A) the number of Stock Units specified for each Vesting Date after the date of termination of Continuous service (and determined without regards to a termination of Grantee’s Continuous service subject to this subsection (B)) multiplied by (B) a fraction, the numerator of which is the number of full months of Grantee’s Continuous Service from the Date of Grant until the date of termination of Continuous Service, and the denominator of which is the number of full months from the Date of Grant until the applicable Vesting Date.

Vesting Upon Death or Disability. Notwithstanding Section 2.3 Sections 2 or 2.4 3(a) above, if XxxxxxxGrantee’s Continuous Service ceases due to Grantee’s death or disability (as defined in the Plan), then a Pro-Rata Portion (as defined below) of the Restricted Stock Units, which are then otherwise unvested, Units shall become vested vest effective as of the date of termination of Continuous Service. Vesting Date in accordance with Exhibit A. No transfer by will or the applicable laws of descent and distribution of any Restricted Stock Units that vest by reason of Xxxxxxx’s death shall be effective to bind the Company unless the Administrator shall have been furnished with written notice of such transfer and a copy of the will or such evidence as the Administrator may deem necessary to establish the validity of the transfer. “Pro-Rata Portion” shall mean (A) the number of Restricted Stock Units specified for each Vesting Date after the date of termination of Continuous service (and determined without regards to a termination of Grantee’s Continuous service subject to earned under this subsection (B)) Agreement multiplied by (B) a fraction, the numerator of which is the number of full months of Grantee’s Continuous Service from the Date first day of Grant the Measurement Period until the date of termination of Continuous Service, and the denominator of which is the number of full months from the Date of Grant until the applicable Vesting Date36.

Vesting Upon Death or Disability. Notwithstanding Section 2.3 Sections 2 or 2.4 3(a) above, if XxxxxxxGrantee’s Continuous Service ceases due to Grantee’s death or disability (as defined in the Plan), then a Pro-Rata Portion (as defined below) of the Restricted Stock Units, which are then otherwise unvested, Units shall become vested vest effective as of the date of termination of Continuous Service. Vesting Date in accordance with Exhibit A. No transfer by will or the applicable laws of descent and distribution of any Restricted Stock Units that vest by reason of XxxxxxxGrantee’s death shall be effective to bind the Company unless the Administrator shall have been furnished with written notice of such transfer and a copy of the will or such evidence as the Administrator may deem necessary to establish the validity of the transfer. “Pro-Rata Portion” shall mean (A) the number of Restricted Stock Units specified for each Vesting Date after the date of termination of Continuous service (and determined without regards to a termination of Grantee’s Continuous service subject to earned under this subsection (B)) Agreement multiplied by (B) a fraction, the numerator of which is the number of full months of Grantee’s Continuous Service from the Date first day of Grant the Measurement Period until the date of termination of Continuous Service, and the denominator of which is the number of full months from the Date of Grant until the applicable Vesting Date36.