Age 65. Notwithstanding the foregoing, the Time-Based Vesting Criteria applicable to all RSUs held by a Participant shall be deemed 100% satisfied upon the Participant’s attainment of age 65; provided that such RSUs shall remain subject to any applicable Performance Objective that remains unsatisfied as of such date.
Age 65. The Employee shall become 100% vested upon the attainment of age 65.
Age 65. If the Participant’s Termination Date does not occur prior to the first anniversary of the Grant Date and if the Participant attains age 65 prior to his Termination Date and prior to full vesting of the RSUs, then all RSUs granted hereunder shall be fully vested upon the later of (i) the first anniversary of the Grant Date or (ii) the date on which the Participant attains age 65.
Age 65. Notwithstanding the foregoing, the Time-Based Vesting Criteria applicable to all Options held by an Optionee shall be deemed 100% satisfied upon the Optionee’s attainment of age 65; provided that such Options shall remain subject to any applicable Performance Objective that remains unsatisfied as of such date.
Age 65. Notwithstanding anything to the contrary set forth in the Plan, if the Optionee is employed in the European Economic Area as of the Date of Grant (“EU Optionee”), (1) the Plan provisions providing that options held by an optionee upon retirement after age 65 will remain outstanding and continue to vest and be exercisable until the earlier of the fifth anniversary of retirement or the expiration of the award shall not apply to any of the Options awarded pursuant to this Agreement, and (2) with respect to the Options awarded pursuant to this Agreement, the definition of “Early Retirement” for purposes of the Plan and this Agreement shall be modified to read as follows: “’Early Retirement’ means an employee voluntarily ceases to be an Employee and the Committee determines that the cessation constitutes Retirement for purposes of this Plan. In deciding whether a termination of employment is an Early Retirement, the Committee need not consider the definition under any other Company benefit plan.” For the avoidance of doubt, the attainment of age 65 by an EU Optionee shall confer no rights or benefits with respect to the Options awarded pursuant to this Agreement, and Section 5(e) of this Agreement shall not apply to Options granted under this Agreement to an EU Optionee. The parties to this Agreement expressly acknowledge that this Section 2(c) supersedes any conflicting provisions in the Plan.
Age 65. Notwithstanding anything to the contrary set forth in the Plan, if the Participant is employed in the European Economic Area as of the Date of Grant (“EU Participant”), (1) none of the Plan provisions providing (i) for the acceleration of vesting upon a participant’s attainment of age 65, or (ii) that RSUs held by a Participant upon retirement after age 65 may remain outstanding until the earlier of the fifth anniversary of retirement or the expiration of the award to determine whether any performance-based vesting conditions become satisfied, shall apply to any of the RSUs awarded pursuant to this Agreement, and (2) with respect to the RSUs awarded pursuant to this Agreement, the definition of “Early Retirement” for purposes of the Plan and this Agreement shall be modified to read as follows: “‘Early Retirement’ means an employee voluntarily ceases to be an Employee and the Administrator determines that the cessation constitutes Retirement for purposes of this Plan. In deciding whether a termination of employment is an Early Retirement, the Administrator need not consider the definition under any other Company benefit plan.” For the avoidance of doubt, any EU Participant’s attainment of age 65 shall confer no rights or benefits with respect to the RSUs awarded pursuant to this Agreement, and Section 4(c) of this Agreement shall not apply to RSUs granted under this Agreement to an EU Participant. The parties to this Agreement expressly acknowledge that this Section 2(c) supersedes any conflicting provisions in the Plan.
Age 65. Notwithstanding anything to the contrary set forth in the Plan, if the Optionee is employed in the European Economic Area as of the Date of Grant (“EU Optionee”), (1) the Plan provisions providing that options held by an optionee upon retirement after age 65 will remain outstanding and continue to vest and be exercisable until the earlier of the fifth anniversary of retirement or the expiration of the award shall not apply to any of the Options awarded pursuant to this Agreement, and (2) with respect to the Options awarded pursuant to this Agreement, the definition of “Early Retirement” for purposes of the Plan and this Agreement shall be modified to
Age 65. 1. Pre-1997 Retirees and their spouses and Survivors who are age- 65+ each will receive an $80 per month subsidy to be applied against the medical premium under the DPMP or Alternative Plan (together with the subsidy described below in (D)(3), the Age-65+ Subsidy ), but only if the Retiree and spouse or Survivor is enrolled in the DPMP or Alternative Plan. Retired Pilots and their spouses and Survivors will be required to pay the balance of the premium for the DPMP or Alternative Plan.
Age 65. Notwithstanding anything in this Agreement to the contrary, Executive’s employment shall terminate automatically on the Executive’s 65th birthday. No severance or other post-termination compensation will be due or payable in the event of a termination under this Section 1(c).
