Common use of Accelerated Vesting upon Retirement Clause in Contracts

Accelerated Vesting upon Retirement. If the Participant ceases to be employed by the Company or any Subsidiary prior to the Vesting Date due to the Participant’s retirement in accordance with any retirement plan or policy of the Company or any Subsidiary (“Retirement”), to the extent that the RSUs have not previously been forfeited, all RSUs evidenced by this Agreement shall Vest in full upon such Retirement (and become entitled to settlement as specified in Section 4 of this Agreement).

Appears in 2 contracts

Samples: Time Based Restricted Stock Units Agreement (Om Group Inc), Time Based Restricted Stock Units Agreement (Om Group Inc)

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Accelerated Vesting upon Retirement. If In the event the Participant ceases to be employed by the Company or any Subsidiary of its Subsidiaries prior to the Vesting Date due to the Participant’s by reason of such individual's retirement in accordance with any the retirement plan or policy of the Company or any Subsidiary (“Retirement”), to the extent that the RSUs have not previously been forfeited, all RSUs evidenced by granted pursuant to this Agreement shall Vest in full upon such Retirement (and become entitled to settlement as specified in Section 4 of this Agreement)Retirement.

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (Om Group Inc), Restricted Stock Unit Agreement (Om Group Inc)

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