Alternative Vesting Sample Clauses
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Alternative Vesting. Except to the extent otherwise provided in Paragraph 6, should any of the following events occur prior to the completion date of the Measurement Period: (i) the Participant’s cessation of Employee status by reason of death or Permanent Disability, (ii) the Participant’s resignation from Employee status for Good Reason or (iii) the Corporation’s termination of the Participant’s Employee status other than for Good Cause, then the Participant shall vest in a portion of the Restricted Stock Units if the Performance Objective for the Measurement Period is in fact attained and such attainment is certified by the Executive Compensation Committee of the Board, with any such certification to occur during the month of . The number of Restricted Stock Units in which the Participant shall vest upon such certified attainment of the Performance Objective shall be determined by multiplying the total number of Restricted Stock Units at the time subject to this Award by a fraction the numerator of which is the number of whole months of Service (rounded up to the next whole month) completed by Participant during the Measurement Period and the denominator of which is ( ) months. To the extent the Participant so vests in one or more Restricted Stock Units, the underlying Shares shall be issued on the Issuance Date or as soon as administratively practicable thereafter, subject to the Corporation’s collection of the applicable Withholding Taxes, but in no event later than .
Alternative Vesting. Notwithstanding Section 6(a) above, the PSUs shall Vest and be paid pursuant to Section 8 hereof upon the occurrence of any of the following events at a time when the PSUs have not been forfeited (to the extent the PSUs have not previously Vested) in the following manner: (i)
Alternative Vesting. (a) Should any of the following events occur prior to the completion of the Measurement Period: (i) the termination of the Participant’s Service by reason of death or Permanent Disability, (ii) the Participant’s resignation from Service for Good Reason or (iii) the Corporation’s termination of the Participant’s Service other than for Good Cause, then all the Restricted Stock Units shall immediately vest, and the Participant shall thereupon become entitled to the Shares underlying those vested units.
(b) The Shares to which the Participant becomes entitled pursuant to Paragraph 4(a) shall be issued on the Issue Date triggered by his cessation of Service. Such issuance shall be subject to the Corporation’s collection of the applicable Withholding Taxes.
Alternative Vesting. (a) Should any of the following events occur prior to the completion of the Measurement Period: (i) the Participant’s cessation of Employee status by reason of death or Permanent Disability, (ii) the Participant’s resignation from Employee status for Good Reason or (iii) the Corporation’s termination of the Participant’s Employee status other than for Good Cause, then all the Restricted Stock Units, together with the underlying Shares, shall immediately vest.
(b) The Shares to which the Participant becomes entitled pursuant to the vesting provisions of Paragraph 4(a) shall be issued on the date of his Separation from Service in connection with such cessation of Employee status or as soon as administratively practicable thereafter, subject to the Corporation’s collection of the applicable Withholding Taxes, but in no event later than the close of the calendar year in which such Separation from Service occurs or (if later) the fifteenth (15th) day of the third (3rd) calendar month following the date of such Separation from Service, unless a further deferral is required pursuant to Paragraph 9 of this Agreement.
(c) Each Share in which Participant may be deemed, by reason of the vesting acceleration provisions of this Paragraph 4, to vest prior to the actual termination or cessation of his Employee status shall in no event be issued prior to the earlier of (i) the Issuance Date applicable to that Share in accordance with the Normal Vesting Schedule or (ii) the date determined in accordance with Paragraph 4(b).
Alternative Vesting. (a) Should the Participant cease Employee status by reason of death or Permanent Disability prior to December 31, 2010, then all the Restricted Stock Units, together with the underlying Shares, shall immediately vest. The vested Shares shall be issued on the date of the Participant’s Separation from Service due to such cessation of Employee status or as soon as administratively practicable thereafter, subject to the Corporation’s collection of the applicable Withholding Taxes, but in no event later than the close of the calendar year in which such Separation from Service occurs or (if later) the fifteenth (15th) day of the third (3rd) calendar month following the date of such Separation from Service.
(b) Except to the extent otherwise provided in Paragraph 6, should either of the following events occur prior to the completion of the Measurement Period: (i) the Participant’s resignation from Employee status for Good Reason or (ii) the Corporation’s termination of the Participant’s Employee status other than for Good Cause, then the Participant shall vest in all the Restricted Stock Units, together with the underlying Shares, if the Performance Objective for the Measurement Period is subsequently attained. Should the Participant so vest in the Shares, then those Shares shall be issued on the January 15, 2011 Issuance Date or as soon as administratively practicable thereafter, subject to the Corporation’s collection of the applicable Withholding Taxes, but in no event later than the close of the calendar year in which such Issuance Date occurs.