C » Topics » (e) Death.

This excerpt taken from the C 10-K filed Feb 26, 2010.
(d) Death. If Participant’s employment terminates by reason of Participant’s death, Participant’s unvested shares will vest. Vested shares will be distributed to Participant’s estate (less any shares withheld for the payment of taxes) as soon as is reasonably practicable after the date(s) such vested shares become transferable in accordance with Section 4.
 
     
This excerpt taken from the C 10-Q filed Nov 6, 2009.
(e) Death.  If Participant’s employment terminates by reason of Participant’s death, (i) any unvested [restricted or deferred stock][deferred cash award] will vest and be distributed to Participant’s estate[; (ii) any unvested Option shares will vest and vested Option shares may be exercised by Participant’s estate [until the Option expiration date][for up to [XX DAYS/MONTHS/YEARS] from the date of Participant’s death (but not later than the Option expiration date)] [IF APPLICABLE: and (iii) the two-year sale restriction imposed on Option shares will cease to apply and will not be imposed on any shares that may be acquired by Participant’s estate in a future exercise of the Option].

 

These excerpts taken from the C 8-K filed Jan 21, 2009.
(e) Death.  If Participant’s employment terminates by reason of Participant’s death on or prior to the Award Termination Date, any unvested portion of the Award will vest and the shares so vested and, if applicable, any previously vested shares, and accrued dividend equivalents, if applicable (less appropriate withholdings for the payment of taxes), will be distributed to Participant’s estate immediately.

(e) Death.  If Participant’s employment terminates by reason of Participant’s death, any unvested Option shares will vest and vested Option shares may be exercised by Participant’s estate, subject to satisfaction of the Grant Price Exercise Condition, until no later than the Option expiration date.

This excerpt taken from the C 10-Q filed Oct 31, 2008.
(e) Death.  If Participant’s employment terminates by reason of Participant’s death, (i) any unvested restricted or deferred stock [deferred cash award] will vest and be distributed to Participant’s estate[; (ii) any unvested Option shares will vest and vested Option shares may be exercised by Participant’s estate for up to [XX DAYS/MONTHS/YEARS] from the date of Participant’s death (but not later than the Option expiration date)] and (iii) the two-year sale restriction imposed on Option shares will cease to apply and will not be imposed on any shares that may be acquired by Participant’s estate in a future exercise of the Option].

 

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