Common use of Death; Disability; Termination Without Cause; Termination for Good Reason; Retirement Clause in Contracts

Death; Disability; Termination Without Cause; Termination for Good Reason; Retirement. If the Participant experiences a Termination of Service after the first Time-Based Vesting date and prior to the final Time-Based Vesting Date (A) due to the Participant’s death, (B) due to the Participant’s Disability, (C) by the Company without Cause, (D) by the Participant for Good Reason, or (E) due to the Participant’s voluntary termination following attainment of age 55 with at least ten years of service with the Company or its predecessors, all of the unvested Time-Based RSU Shares shall vest on the Time-Based Vesting Date or Dates following such termination as if the Participant’s employment continued through such dates.

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement (Delphi Automotive PLC), Chief Executive Officer Incentive Compensation Awards Agreement (Delphi Automotive PLC)

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Death; Disability; Termination Without Cause; Termination for Good Reason; Retirement. If the Participant experiences a Termination of Service after the first Time-Based Vesting date and anniversary of the Grant Date but prior to the final TimePerformance-Based Vesting Date (A) due to the Participant’s death, (B) due to the Participant’s Disability, (C) by the Company without Cause, (D) by the Participant for Good Reason, Reason or (E) due to the Participant’s voluntary termination following attainment of age 55 with at least ten years of service with the Company or its predecessors, all the number of the unvested TimeEarned Performance-Based RSU Shares shall vest on the Time-Based Vesting Date or Dates following such termination be determined in accordance with Section 2(b) above as if the Participant’s employment continued through such datesthe Performance-Based Vesting Date.

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement (Delphi Automotive PLC), Chief Executive Officer Incentive Compensation Awards Agreement (Delphi Automotive PLC)

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