Disabled Grantee definition

Disabled Grantee means a Grantee who is disabled within the meaning of Section 422(c)(6) of the Code.
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Examples of Disabled Grantee in a sentence

  • Within 30 days of the date of Xxxxxxx’s death or the date Grantee becomes Permanently Disabled, Grantee is entitled to receive payment for the Common Shares covered by this Agreement that are nonforfeitable and any related Deferred Cash Dividends then accumulated on such date.

  • In the event that an Option granted hereunder shall be exercised by the legal representatives of a deceased or Disabled Grantee, written notice of such exercise shall be accompanied by a certified copy of letters testamentary or equivalent proof of the right of such legal representatives to exercise such Option.

  • On the date of Grantee’s death or the date Grantee’s employment is terminated by the Company or any Subsidiary as a result of Grantee becoming Disabled, Grantee is entitled to receive payment for Vested Performance Shares in Common Shares on such date.

  • On the date of Grantee’s death or the date Grantee becomes Disabled, Grantee is entitled to receive payment for Vested Performance Shares in Common Shares on such date.

  • During the Grantee’s lifetime, the SAR shall be exercisable only by the Grantee or by the legal guardian of a Disabled Grantee.

  • In the event that an Option granted hereunder shall be exercised by the legal representatives of a deceased or Disabled Grantee, written notice of such exercise shall be accompanied by a certified copy of letters testamentary or equivalent proof of the right of such legal representative to exercise such Option.

  • Within 30 days of the date of Grantee’x xxxxx or the date Grantee becomes Permanently Disabled, Grantee will receive payment for Vested RSUs in cash or Common Shares (as determined by the Committee).

  • On the date of Grantee’s death or the date Grantee becomes Disabled, Grantee is entitled to receive payment for Vested Performance Shares in Common Shares (rounded down to the nearest whole Common Share) on such date.

  • On the date of Grantee’s death or the date Grantee’s employment with the Company or any Subsidiary terminates as a result of Grantee becoming Disabled, Grantee is entitled to receive payment for Vested Performance Shares in Common Shares on such date.

  • In the event that an Option granted hereunder shall be exercised by the legal representatives of a deceased or Disabled Grantee, written notice of such exercise shall 18 be accompanied by a certified copy of letters testamentary or equivalent proof of the right of such legal representatives to exercise such Option.

Related to Disabled Grantee

  • Disabled or Disability means Disabled or Disability within the meaning of Section 409A of the Code and the regulations thereunder. Generally, this means that the Participant is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less than 12 months, or is, by reason of any medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less than 12 months, receiving income replacement benefits for a period of not less than three months under an accident and health plan covering Employees of the Employer.

  • Eligible Employee means full-time and part-time employees in the bargaining unit who have completed four hundred and fifty (450) hours of service and who are not prohibited from contributing to the Plan by legislation or the Plan rules because of their age or because they are in receipt of a pension from the Plan.

  • Service-disabled veteran means a veteran, as defined in 38 U.S.C. 101(2), with a disability that is service-connected, as defined in 38 U.S.C. 101(16).

  • Qualified employee means an individual who:

  • Eligible Participant means an employee, officer, consultant or director of the Company or any Affiliate.

  • Disability retirement for plan 1 members, means the period

  • Active Participant means, with respect to any day or date, a Participant who is in Service on such day or date; provided, that a Participant shall cease to be an Active Participant (i) immediately upon a determination by the Committee that the Participant has ceased to be an Employee or Independent Contractor, or (ii) at the end of the Plan Year that the Committee determines the Participant no longer meets the eligibility requirements of the Plan.

  • Key Employee means any executive-level employee (including, division director and vice president-level positions) as well as any employee who, either alone or in concert with others, develops, invents, programs, or designs any Company Intellectual Property (as defined in the Purchase Agreement).

  • disabled person means an individual receiving monetary

  • mental disability means one or more mental disorders, as defined in the most recent edition of the American Psychiatric Association's "Diagnostic and Statistical Manual of Mental Disorders", or a record of or regarding a person as having one or more such disorders;