Common use of Death or Disability of Recipient Clause in Contracts

Death or Disability of Recipient. All Restricted Shares granted to the Participant as part of this Award will become fully vested upon termination of continuous service due to his death or disability, provided such acceleration is permitted under Part 5.

Appears in 3 contracts

Sources: Restricted Share Award Agreement (Hopfed Bancorp Inc), Restricted Share Award Agreement (Hopfed Bancorp Inc), Restricted Share Award Agreement (Hopfed Bancorp Inc)