Common use of Death or Total and Permanent Disability Clause in Contracts

Death or Total and Permanent Disability. If the Participant’s Termination of Service is due to death or Total and Permanent Disability (as defined in the Plan at the time of such termination), then (i) subject to the Vesting Schedule, any non-vested portion of the Restricted Stock shall become 100% vested on the Termination of Service date.

Appears in 2 contracts

Sources: Restricted Stock Award Agreement (Vaalco Energy Inc /De/), Restricted Stock Award Agreement (Vaalco Energy Inc /De/)