Common use of Vesting Upon Death Clause in Contracts

Vesting Upon Death. Notwithstanding the foregoing, such number of RSUs shall vest immediately in the event Participant’s Continuous Service terminates as a result of his or her death as is determined by multiplying (i) the Target RSUs by (ii) the percentage determined by dividing (x) the number of calendar days elapsed from the beginning of the Performance Period through and including the date of death, by (y) one thousand ninety-five.

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement (Cubic Corp /De/), Restricted Stock Unit Award Agreement (Cubic Corp /De/)

AutoNDA by SimpleDocs

Vesting Upon Death. Notwithstanding the foregoing, such number of RSUs shall vest immediately in the event Participant’s Continuous Service service terminates as a result of his or her death as is determined by multiplying (i) the Target RSUs RSUs, by (ii) the percentage determined by dividing (x) the number of calendar days elapsed from the beginning of the Performance Period through and including the date of death, by (y) one thousand ninety-five.

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement (Cubic Corp /De/), Notice and Restricted Stock Unit Award Agreement (Cubic Corp /De/)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.