Common use of Accelerated Vesting upon Retirement Clause in Contracts

Accelerated Vesting upon Retirement. In the event the Participant ceases to be employed by the Company or any of its subsidiaries prior to the Vesting Date by reason of such individual’s retirement in accordance with any retirement plan or policy of the Company or any of its subsidiaries, all Restricted Stock granted pursuant to this Agreement shall vest upon such retirement. New certificate(s) representing the vested shares shall be issued in accordance with Section 5.1(b) of this Agreement, except that such issuance shall occur reasonably promptly after any such retirement.

Accelerated Vesting upon Retirement. In the event the Participant ceases to be employed by the Company or any of its subsidiaries prior to the Vesting Date by reason of such individual’s 's retirement in accordance with any retirement plan or policy of the Company or any of its subsidiaries, all Restricted Stock granted pursuant to this Agreement option shall vest upon and become fully exercisable to the extent not otherwise exercisable at the time of such retirement. New certificate(s) representing , and the vested shares shall be issued Participant may exercise this option at any time within the five-year period following such retirement (but only within the option period specified in accordance with Section 5.1(b) of this Agreement, except that such issuance shall occur reasonably promptly after any such retirement11).

Accelerated Vesting upon Retirement. In the event the Participant ceases to be employed by the Company or any of its subsidiaries prior to the Vesting Date by reason of such individual’s retirement in accordance with any retirement plan or policy of the Company or any of its subsidiaries, all Restricted Stock granted pursuant to this Agreement option shall vest upon and become fully exercisable to the extent not otherwise exercisable at the time of such retirement. New certificate(s) representing , and the vested shares shall be issued Participant may exercise this option at any time within the five-year period following such retirement (but only within the option period specified in accordance with Section 5.1(b) of this Agreement, except that such issuance shall occur reasonably promptly after any such retirement11).