Common use of Accelerated Vesting upon Retirement Clause in Contracts

Accelerated Vesting upon Retirement. Notwithstanding anything in the Agreement or the Plan to the contrary, if the Executive’s employment or service is terminated by reason of retirement, the RSUs immediately shall fully vest. For purposes of the foregoing, "retirement" shall have the definition prescribed by local Laws.

Appears in 3 contracts

Samples: Restricted Stock Unit Agreement (W.W. Grainger, Inc.), Restricted Stock Unit Agreement (Grainger W W Inc), Restricted Stock Unit Agreement (Grainger W W Inc)

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Accelerated Vesting upon Retirement. Notwithstanding anything in the Agreement or the Plan to the contrary, if the Executive’s employment or service is terminated by reason of retirement, the RSUs immediately shall fully vest. For purposes of the foregoing, "retirement" shall have the definition prescribed by local Laws.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Grainger W W Inc)

Accelerated Vesting upon Retirement. Notwithstanding anything in the Agreement or the Plan to the contrary, if the Executive’s employment or service is terminated by reason of retirement, the RSUs PSUs immediately shall fully vest. For purposes of the foregoing, "retirement" shall have the definition prescribed by local Laws.

Appears in 1 contract

Samples: Performance Stock Unit Agreement (W.W. Grainger, Inc.)

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Accelerated Vesting upon Retirement. Notwithstanding anything in the Agreement or the Plan to the contrary, if the Executive’s employment or service is terminated by reason of retirement, the RSUs immediately shall fully vest. For purposes of the foregoing, "retirement" shall have the definition prescribed by local Lawslaw.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Grainger W W Inc)

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