Common use of Accelerated Vesting Upon Termination Clause in Contracts

Accelerated Vesting Upon Termination. Notwithstanding the foregoing, subject to Section 4.4, one-hundred percent (100%) of any then-unvested PSUs will accelerate and vest upon the termination of Participant’s Service due to the Participant’s death or Disability (each, an “Accelerated Vesting Termination Event”).

Appears in 1 contract

Sources: Performance Stock Unit Agreement (ONESPAWORLD HOLDINGS LTD)

Accelerated Vesting Upon Termination. Notwithstanding the foregoing, subject to Section 4.43.4, one-hundred percent (100%) of any then-unvested PSUs will accelerate and vest upon the termination of Participant’s Service due to the Participant’s death or Disability (each, an “Accelerated Vesting Termination Event”).

Appears in 1 contract

Sources: Performance Stock Unit Agreement (ONESPAWORLD HOLDINGS LTD)