Common use of Separation from Service due to Death or Permanent Disability Clause in Contracts

Separation from Service due to Death or Permanent Disability. If there are such Vested RSUs at the time of the Director’s cessation of service due to death or permanent disability, within thirty days of the Director’s Separation from Service (within the meaning of Section 409A of the Code and the regulations promulgated thereunder) as a result of such death or permanent disability, one share of Stock will be issued for each such Vested RSU.

Appears in 2 contracts

Sources: Restricted Stock Unit Agreement (Lamb Weston Holdings, Inc.), Restricted Stock Unit Agreement (Lamb Weston Holdings, Inc.)

Separation from Service due to Death or Permanent Disability. If there are such Vested RSUs at the time of the Director’s cessation of service due to death or permanent disability, within thirty days of the Director’s Separation from Service (within the meaning of Section 409A of the Code and the regulations promulgated thereunder) as a result of such death or permanent disability, one share of Stock will be issued for each such Vested RSU.of

Appears in 1 contract

Sources: Restricted Stock Unit Agreement (Lamb Weston Holdings, Inc.)