Disability and Retirement. (a) Notwithstanding any other provision of this RSU Agreement, but subject to Paragraph 6(b), if your Employment with the Company is terminated by reason of Disability or Retirement, the condition set forth in Paragraph 4(a) shall be waived with respect to your then outstanding unvested RSUs (as a result of which any such then unvested outstanding RSUs shall vest on the Vesting Dates), but all other conditions of this RSU Agreement shall continue to apply. (b) Without limiting the application of Paragraph 4(b) or Paragraph 4(c), your rights in respect of any outstanding RSUs that become vested solely by reason of Paragraph 6(a) shall terminate immediately, and no Shares (and/or cash) shall be delivered in respect of such outstanding RSUs if, following the termination of your Employment with the Company by reason of Disability or Retirement and prior to a Delivery Date you (i) form, or acquire a 5% or greater equity ownership, voting or profit participation interest in, any Competitive Enterprise or (ii) associate in any capacity (including, but not limited to, association as an officer, employee, partner, director, consultant, agent or advisor) with any Competitive Enterprise.
Appears in 3 contracts
Samples: Rsu Award Agreement (Allied World Assurance Co Holdings LTD), Rsu Award Agreement (Allied World Assurance Co Holdings LTD), Rsu Award Agreement (Allied World Assurance Co Holdings LTD)
Disability and Retirement. (a) Notwithstanding any other provision of this RSU Award Agreement, but subject to Paragraph 6(b), if your Employment with the Company is terminated by reason of Disability or Retirement, the condition set forth in Paragraph 4(a) shall be waived with respect to your then outstanding unvested RSUs (as a result of which any such then unvested outstanding RSUs shall vest on the Vesting Datesvest), but all other conditions of this RSU Award Agreement shall continue to apply.
(b) Without limiting the application of Paragraph 4(b) or Paragraph 4(c), your rights in respect of any outstanding RSUs that become vested solely by reason of Paragraph 6(a6
(a) immediately shall terminate immediatelyterminate, and no Shares (and/or or cash) shall be delivered in respect of such outstanding RSUs if, following the termination of your Employment with the Company by reason of Disability or Retirement and prior to a the Delivery Date Date, you (i) form, or acquire a 5% or greater equity ownership, voting or profit participation interest in, any Competitive Enterprise or (ii) associate in any capacity (including, but not limited to, association as an officer, employee, partner, director, consultant, agent or advisor) with any Competitive Enterprise.
Appears in 3 contracts
Samples: Rsu Award Agreement (American International Group Inc), Rsu Award Agreement (Transatlantic Holdings Inc), Rsu Award Agreement (Transatlantic Holdings Inc)
Disability and Retirement. (a) Notwithstanding any other provision of this RSU Agreement, but subject to Paragraph 6(b), if your Employment with Board Service to the Company is terminated by reason of Disability or Retirement, the condition set forth in Paragraph 4(a) shall be waived with respect to your then outstanding unvested RSUs (as a result of which any such then your unvested outstanding RSUs shall vest on the Vesting DatesDate), but all other conditions of this RSU Agreement shall continue to apply.
(b) Without limiting the application of Paragraph 4(b) or Paragraph 4(c), your rights in respect of any outstanding RSUs that become vested solely by reason of Paragraph 6(a) shall terminate immediately, and no Shares (and/or cash) shall be delivered in respect of such outstanding RSUs if, following the termination of your Employment with Board Service to the Company by reason of Disability or Retirement and prior to a the Delivery Date you (i) form, or acquire a 5% or greater equity ownership, voting or profit participation interest in, any Competitive Enterprise or (ii) associate in any capacity (including, but not limited to, association as an officer, employee, partner, director, consultant, agent or advisor) with any Competitive Enterprise.
Appears in 2 contracts
Samples: Rsu Award Agreement (Allied World Assurance Co Holdings, AG), Rsu Award Agreement (Allied World Assurance Co Holdings LTD)
Disability and Retirement. (a) Notwithstanding any other provision of this RSU Award Agreement, but subject to Paragraph 6(b), if your Employment with the Company is terminated by reason of Disability or Retirement, the condition set forth in Paragraph 4(a) shall be waived with respect to your then outstanding unvested RSUs (as a result of which any such then unvested outstanding RSUs shall vest on the Vesting Datesvest), but all other conditions of this RSU Award Agreement shall continue to apply.
(b) Without limiting the application of Paragraph 4(b) or Paragraph 4(c), your rights in respect of any outstanding RSUs that become vested solely by reason of Paragraph 6(a) immediately shall terminate immediatelyterminate, and no Shares (and/or or cash) shall be delivered in respect of such outstanding RSUs if, following the termination of your Employment with the Company by reason of Disability or Retirement and prior to a the Delivery Date Date, you (i) form, or acquire a 5% or greater equity ownership, voting or profit participation interest in, any Competitive Enterprise or (ii) associate in any capacity (including, but not limited to, association as an officer, employee, partner, director, consultant, agent or advisor) with any Competitive Enterprise.
Appears in 1 contract
Samples: Rsu Award Agreement (American International Group Inc)