Disability of Awardee Contract Clauses (30)

Grouped Into 3 Collections of Similar Clauses From Business Contracts

This page contains Disability of Awardee clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Disability of Awardee. Notwithstanding the provisions of Section 4 above, in the event of termination of Awardee's Continuous Status as an employee as a result of disability (within the meaning of Section 409A of the Internal Revenue Code, and hereinafter referred to as "Disability"), the SUAs which would have vested during the twelve (12) months following the date of such termination, set out in Schedule A, shall become vested as of the date of such termination, subject, however, to the provisions of Section 21 of th...is Award Agreement. If Awardee's Disability originally required him or her to take a short-term disability leave which was later converted into long-term disability, then for the purposes of the preceding sentence the date on which Awardee ceased performing services shall be deemed to be the date of commencement of the short-term disability leave. The Awardee's rights in any unvested SUAs that remain unvested after the application of this Section 5 shall terminate at the time Awardee ceases to be in Continuous Status as an employee. View More
Found in UFP TECHNOLOGIES INC contract
Disability of Awardee. Notwithstanding the provisions of Section 4 above, in the event of termination of Awardee's Continuous Status as an employee as a result of disability (within the meaning of Section 409A of the Internal Revenue Code, and hereinafter referred to as "Disability"), the SUAs which would have vested during the twelve (12) months following the date of such termination, set out in Schedule A, shall become vested as of the date of such termination, subject, however, to the provisions of Section 21 of th...is Award Agreement. If Awardee's Disability originally required him or her to take a short-term disability leave which was later converted into long-term disability, then for the purposes of the preceding sentence the date on which Awardee ceased performing services shall be deemed to be the date of commencement of the short-term disability leave. The Awardee's rights in any unvested SUAs that remain unvested after the application of this Section 5 shall terminate at the time Awardee ceases to be in Continuous Status as an employee. 2 6. Death of Awardee. Notwithstanding the provisions of Section 4 above, in the event of the death of Awardee: (a) If the Awardee was, at the time of death, in Continuous Status as an employee, the SUAs which would have vested during the twelve (12) months following the date of death of Awardee, set out in Schedule A, shall become vested as of the date of death. (b) The Awardee's rights in any unvested SUAs that remain after the application of Section 6(a) shall terminate at the time of the Awardee's death. View More
Found in UFP TECHNOLOGIES INC contract
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Disability of Awardee. Notwithstanding the provisions of Section 3 above, in the event of termination of Awardee's status as a director of the Company as a result of disability (within the meaning of Section 409A of the Internal Revenue Code, and hereinafter referred to as "Disability"), the SUAs shall thereupon become vested in full as of the date of such termination, subject, however, to the provisions of Section 18 of this Award Agreement.
Found in UFP TECHNOLOGIES INC contract
Disability of Awardee. Notwithstanding the provisions of Section 3 above, in the event of termination of Awardee's status as a director of the Company as a result of disability (within the meaning of Section 409A of the Internal Revenue Code, and hereinafter referred to as "Disability"), the SUAs which would have vested during the twelve (12) months following the date of such termination, set out in Section 2(a) above, shall thereupon become vested in full as of the date of such termination, subject, however, to the p...rovisions of Section 18 of this Award Agreement. The Awardee's rights in any unvested SUAs that remain unvested after the application of this Section 4 shall terminate at the time Awardee ceases to be a director of the Company. View More
Found in PSYCHEMEDICS CORP contract
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Disability of Awardee. Notwithstanding the provisions of Section 5 above, in the event of termination of Awardee's Continuous Status as a Participant as a result of total and permanent disability (as that term is defined in Section 12(c) of the Plan), outstanding unvested SAs under this Award Agreement shall become immediately vested.
Found in Microsoft contract
Disability of Awardee. Notwithstanding the provisions of Section 5 above, in the event of termination of Awardee's Continuous Status as a Participant as a result of total and permanent disability (as that term is defined in Section 12(c) of the Plan), outstanding unvested Earned SAs under this Award Agreement shall become immediately vested.
Found in Microsoft contract
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