Example ContractsClausesby deathVariants
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Death. If the termination of employment is because of the death of the Employee while in the employ of the Company or its Subsidiaries, then the continued employment requirement for the Employee shall cease to apply and the Share Payout as a Percentage of Target Award for the PSUs shall be determined as of the Maturity Date and paid in accordance with [Section 2(a)] above; provided, however, that the number of Shares to be paid to the Employee’s estate shall be multiplied by a fraction, the numerator of which is the number of days elapsed from the Grant Date to the date of the Employee’s death, and the denominator of which is 1095.

Death. If the termination of employment is because of the death of the Employee while in the employ of the Company or its Subsidiaries,Company, then the continued employment requirement for the Employee shall cease to apply and the Share Payout as a Percentage of Target Award for the PSUs shall be determined as of the Maturity Date and paid in accordance with [Section 2(a)] above; provided, however, that the number of Sharesshares of Stock to be paid to the Employee’s estate shall be multiplied by a fraction, the numerator of which is the number of days elapsed from the Grant Date to the date of the Employee’s death, and the denominator of which is 1095.1075.

Death.Qualifying Retirement. If thesuch termination of employment is because of the death of the EmployeeEmployee’s Qualifying Retirement (as defined in [Section 2(g)] below) while in the employ of the Company or its Subsidiaries, then the continued employment requirement for the Employee shall cease to apply and the Share Payout as a Percentage of Target Award for the PSUs shall be determined as of the Maturity Date and paid in accordance with [Section 2(a)] above; provided, however, that the number of Shares to be paid to the Employee’s estateEmployee shall be multiplied by a fraction, the numerator of which is the number of days elapsed from the Grant Date to the date of the Employee’s death,Qualifying Retirement, and the denominator of which is 1095.

Death.Disability. If thesuch termination of employment is because of the death of the EmployeeEmployee’s Disability while in the employ of the Company or its Subsidiaries,Company, then the continued employment requirement for the Employee shall cease to apply and the Share Payout as a Percentage of Target Award for the PSUs shall be determined as of the Maturity Date and paid in accordance with [Section 2(a)] above; provided, however, that the number of Shares to beshares of Stock paid to the Employee’s estateEmployee shall be multiplied by a fraction, the numerator of which is the number of days elapsed from the Grant Date to the date of the Employee’s death,Disability, and the denominator of which is 1095.1075.

Death.Disability. If thesuch termination of employment is because of the death of the EmployeeEmployee’s Disability (as defined in [Section 2(g)] below) while in the employ of the Company or its Subsidiaries, then the continued employment requirement for the Employee shall cease to apply and the Share Payout as a Percentage of Target Award for the PSUs shall be determined as of the Maturity Date and paid in accordance with [Section 2(a)] above; provided, however, that the number of Shares to be paid to the Employee’s estateEmployee shall be multiplied by a fraction, the numerator of which is the number of days elapsed from the Grant Date to the date of the Employee’s death,Disability, and the denominator of which is 1095.

Death.Qualifying Retirement. If thesuch termination of employment is because of the death of the EmployeeEmployee’s Qualifying Retirement while in the employ of the Company or its Subsidiaries,Company, then the continued employment requirement for the Employee shall cease to apply and the Share Payout as a Percentage of Target Award for the PSUs shall be determined as of the Maturity Date and paid in accordance with [Section 2(a)] above; provided, however, that the number of Sharesshares of Stock to be paid to the Employee’s estateEmployee shall be multiplied by a fraction, the numerator of which is the number of days elapsed from the Grant Date to the date of the Employee’s death,Qualifying Retirement, and the denominator of which is 1095.1075.

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