Common use of Certain Terminations during the Performance Period Clause in Contracts

Certain Terminations during the Performance Period. This Section I(c) applies in the event your employment with the Company is terminated as a result of (i) your death, Disability or Retirement, (ii) a Termination Other Than For Cause, (iii) a Termination For Good Reason, or (iv) a Termination Upon a Change in Control (including a Covered Resignation). In the event of any such termination during the Performance Period, your Units will remain outstanding during the remainder of the Performance Period and will be subject to forfeiture in the manner set forth in subsection (a) upon completion of the Performance Period. In such a case, any Units not so forfeited pursuant to subsection (a) shall fully vest as of the date of the Committee Determination. For purposes of this Agreement, the terms “Covered Resignation,” “Disability,” “Termination Other Than For Cause,” “Termination For Good Reason,” and “Termination Upon a Change in Control” shall have the meanings ascribed to such terms in your Employment Agreement with the Company dated October 26, 2005 (the “Employment Agreement”). Such meanings shall continue to apply for purposes of this Agreement notwithstanding any termination of the “Employment Period” (as such term is defined in the Employment Agreement) in accordance with the Employment Agreement.

Appears in 6 contracts

Samples: Restricted Stock Unit Agreement (Health Care Property Investors Inc), Performance Restricted Stock Unit Agreement (Health Care Property Investors Inc), Performance Restricted Stock Unit Agreement (Hcp, Inc.)

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