Common use of Default Rule Clause in Contracts

Default Rule. In the event Grantee’s Continuous Service terminates after the Grantee has satisfied the Age and Service Requirements, this SAR shall become exercisable in accordance with the vesting schedule set forth in the Notice, as if the Grantee had remained in Continuous Service through the last day of the vesting period set forth in the Notice.

Appears in 2 contracts

Sources: Stock Appreciation Right Award Agreement (Dow Inc.), Stock Appreciation Right Award Agreement (Dow Holdings Inc.)