Termination of Service – Death or Disability. If Participant’s service as a member of the Board is terminated because of death or Disability, all unvested Shares held by the Participant at the time of such termination shall become immediately vested and the risks of forfeiture on such unvested Shares shall immediately lapse.
Appears in 2 contracts
Sources: Nonqualified Stock Option Agreement (Bluestem Brands, Inc.), Restricted Stock Agreement (Bluestem Brands, Inc.)