Common use of Acceleration Upon Death, Total Disability or Normal Retirement Clause in Contracts

Acceleration Upon Death, Total Disability or Normal Retirement. The Performance Shares shall become fully vested, notwithstanding any other provisions of this Section 1.3, upon termination of the Participant’s employment with the Company or a subsidiary thereof because of death, Total Disability (as defined below), or retirement upon reaching the Company’s normal retirement age of sixty-five (65). Any such acceleration of the vesting of the Performance Shares pursuant to this Section 1.3(c) will not result in an acceleration of the PSA Payment Date, since the number of Shares earned from the Performance Shares shall be calculated after the completion of the Performance Period. For purposes of this Agreement, “Total Disability” means a medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than 12 months, by reason of which the Participant is unable to engage in any substantial gainful activity or is receiving income replacement benefits for a period of not less than three months under an accident and health plan covering employees of the Company.

Acceleration Upon Death, Total Disability or Normal Retirement. The Performance Shares Units shall become fully vested, notwithstanding any other provisions of this Section 1.3, upon termination of the Participant’s 's employment with the Company or a subsidiary thereof because of death, Total Disability (as defined below), or retirement upon reaching the Company’s 's normal retirement age of sixty-five (65). Any such acceleration of the vesting of the Performance Shares Units pursuant to this Section 1.3(c) will not result in an acceleration of the PSA PSU Payment Date, since the number of Shares earned from the Performance Shares Units shall be calculated after the completion of the Performance Period. For purposes of this Agreement, “Total Disability” means a medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than 12 months, by reason of which the Participant is unable to engage in any substantial gainful activity or is receiving income replacement benefits for a period of not less than three months under an accident and health plan covering employees of the Company.

Acceleration Upon Death, Total Disability or Normal Retirement. The Performance Shares Units shall become fully vested, notwithstanding any other provisions of this Section 1.3, upon termination of the Participant’s 's employment with the Company or a subsidiary thereof because of death, Total Disability (as defined below), or retirement upon reaching the Company’s 's normal retirement age of sixty-five (65). Any such acceleration of the vesting of the Performance Shares Units pursuant to this Section 1.3(c) will not result in an acceleration of the PSA PSU Payment Date, since because the number of Shares earned from the Performance Shares Units shall be calculated after the completion of the Performance Period. For purposes of this Agreement, “Total Disability” means a medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than 12 months, by reason of which the Participant is unable to engage in any substantial gainful activity or is receiving income replacement benefits for a period of not less than three months under an accident and health plan covering employees of the Company.

Acceleration Upon Death, Total Disability or Normal Retirement. The Performance Shares Units shall become fully vested, notwithstanding any other provisions of this Section 1.3, upon termination of the Participant’s employment with the Company or a subsidiary thereof because of death, Total Disability (as defined below), or retirement upon reaching the Company’s normal retirement age of sixty-five (65). Any such acceleration of the vesting of the Performance Shares Units pursuant to this Section 1.3(c) will not result in an acceleration of the PSA PSU Payment Date, since the number of Shares earned from the Performance Shares Units shall be calculated after the completion of the Performance Period. For purposes of this Agreement, “Total Disability” means a medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than 12 months, by reason of which the Participant is unable to engage in any substantial gainful activity or is receiving income replacement benefits for a period of not less than three months under an accident and health plan covering employees of the Company.

Acceleration Upon Death, Total Disability or Normal Retirement. The Performance Shares shall become fully vested, notwithstanding any other provisions of this Section 1.33, upon termination of the Participant’s employment with the Company or a subsidiary thereof because of death, Total Disability (as defined below), total disability or retirement upon reaching the Company’s normal retirement age of sixty-five (65). Any such acceleration of the vesting of the Performance Shares pursuant to this Section 1.3(c3(c) will not result in an acceleration of the PSA Payment DateSettlement Date (as defined below), since the number of Shares earned from the Performance Shares under this Award shall be calculated after the completion of the Performance Period. For purposes of this Agreement, a “Total Disabilitytotal disability” means shall mean a medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than 12 months, by reason of which the Participant is unable to engage in any substantial gainful activity or is receiving income replacement benefits for a period of not less than three months under an accident and health plan covering employees of the Company.

Acceleration Upon Death, Total Disability or Normal Retirement. The Performance Shares shall become fully vested, notwithstanding any other provisions of this Section 1.3, upon termination of the Participant’s employment with the Company or a subsidiary thereof because of death, Total Disability (as defined below), or retirement upon reaching the Company’s normal retirement age of sixty-five (65). Any such acceleration of the vesting of the Performance Shares pursuant to this Section 1.3(c) will not result in an acceleration of the PSA Payment Settlement Date, since the number of Shares earned from the Performance Shares shall be calculated after the completion of the Performance Period. For purposes of this Agreement, “Total Disability” means a medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than 12 months, by reason of which the Participant is unable to engage in any substantial gainful activity or is receiving income replacement benefits for a period of not less than three months under an accident and health plan covering employees of the Company.