Common use of Disability or Retirement of the Employee Clause in Contracts

Disability or Retirement of the Employee. If the Employee's termination of employment is due to the Employee's total and permanent disability or retirement after attaining 55 years of age with 15 years of service to the Company or 65 years of age or age under local law without regard to service, in accordance with the Company's retirement policy, all outstanding and unvested Stock shall continue to vest in accordance with Section 2, provided that the following conditions are met for the entire Restriction Period:

Appears in 4 contracts

Samples: Restricted Stock Agreement (Hewlett Packard Co), Restricted Stock Agreement (Hewlett Packard Co), Restricted Stock Agreement (Hewlett Packard Co)

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Disability or Retirement of the Employee. If the Employee's termination of employment is due to the Employee's total and permanent disability or retirement after attaining 55 years of age with 15 years of service to the Company or 65 years of age or age under local law without regard to service, in accordance with the Company's retirement policy, all outstanding and unvested Stock Units shall continue to vest in accordance with Section 2, provided that the following conditions are met for the entire Restriction Period:

Appears in 3 contracts

Samples: Restricted Stock Unit Agreement (Hewlett Packard Co), Restricted Stock Unit Agreement (Hewlett Packard Co), Restricted Stock Unit Agreement (Hewlett Packard Co)

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