Common use of Effect of [Retirement or] Leave of Absence Clause in Contracts

Effect of [Retirement or] Leave of Absence. If Executive’s employment with the Corporation and its Subsidiaries is terminated by reason of Executive’s Retirement, Executive will receive the Shares of Restricted Stock that are vested on the date of Executive’s Retirement. Any Shares of Restricted Stock which are not vested on the date of Executive’s Retirement will be forfeited to the Corporation, unless the Compensation Committee in its sole and exclusive discretion determines otherwise. A leave of absence which is approved in writing by the Compensation Committee with specific reference to this Agreement will not be considered a termination of Executive’s employment with the Corporation and its subsidiaries for purposes of this Section 4 or any other provision of this Agreement.

Effect of [Retirement or] Leave of Absence. If Executive’s employment with the Corporation and its Subsidiaries is terminated prior to the end of the Vesting Period by reason of Executive’s Retirement, Executive will receive the Shares of Restricted Stock that are vested on the date of Executive’s Retirement. Any then any Shares of Restricted Stock which are not vested on the date of Executive’s Retirement will be forfeited to the CorporationCorporation on the date of such Retirement, unless the Compensation Committee in its sole and exclusive discretion determines otherwise. A leave of absence which is approved in writing by the Compensation Committee with specific reference to this Agreement will not be considered a termination of Executive’s employment with the Corporation and its subsidiaries for purposes of this Section 4 or any other provision of this Agreement.

Effect of [Retirement or] Leave of Absence. If Executive’s employment with the Corporation and its Subsidiaries is terminated by reason of Executive’s Retirement, Executive will receive the Restricted Shares of Restricted Stock that are vested on the date of Executive’s Retirement. Any Restricted Shares of Restricted Stock which are not vested on the date of Executive’s Retirement will be forfeited to the Corporation, unless the Compensation Committee in its sole and exclusive discretion determines otherwise. A leave of absence which is approved in writing by the Compensation Committee with specific reference to this Agreement will not be considered a termination of Executive’s employment with the Corporation and its subsidiaries for purposes of this Section 4 or any other provision of this Agreement.

Effect of [Retirement or] Leave of Absence. If Executive’s 's employment with the Corporation and its Subsidiaries is terminated prior to the end of the Vesting Period by reason of Executive’s 's Retirement, Executive will receive the then any Restricted Shares of Restricted Stock that are vested on the date of Executive’s Retirement. Any Shares of Restricted Stock which are not vested on the date of Executive’s 's Retirement will be forfeited to the CorporationCorporation on the date of such Retirement, unless the Compensation Committee in its sole and exclusive discretion determines otherwise. A leave of absence which is approved in writing by the Compensation Committee with specific reference to this Agreement will not be considered a termination of Executive’s 's employment with the Corporation and its subsidiaries for purposes of this Section 4 or any other provision of this Agreement.

Effect of [Retirement or] Leave of Absence. If Executive’s 's employment with the Corporation and its Subsidiaries is terminated by reason of Executive’s 's Retirement, Executive will receive the Restricted Shares of Restricted Stock that are vested on the date of Executive’s 's Retirement. Any Restricted Shares of Restricted Stock which are not vested on the date of Executive’s 's Retirement will be forfeited to the Corporation, unless the Compensation Committee in its sole and exclusive discretion determines otherwise. A leave of absence which is approved in writing by the Compensation Committee with specific reference to this Agreement will not be considered a termination of Executive’s 's employment with the Corporation and its subsidiaries for purposes of this Section 4 or any other provision of this Agreement.

Effect of [Retirement or] Leave of Absence. [If Executive’s employment with the Corporation and its Subsidiaries is terminated prior to the end of the Vesting Period by reason of Executive’s Retirement, Executive will receive the Shares of Restricted Stock that are vested on the date of Executive’s Retirement. Any then any Shares of Restricted Stock which are not vested on the date of Executive’s Retirement will be forfeited to the Corporationbecome vested automatically. For purposes of this Agreement, unless the Compensation Committee in its sole and exclusive discretion determines otherwise. “Retirement” is defined as Executive’s separation of employment after attaining age 65.] A leave of absence which is approved in writing by the Compensation Committee with specific reference to this Agreement will not be considered a termination of Executive’s employment with the Corporation and its subsidiaries for purposes of this Section 4 or any other provision of this Agreement.

Effect of [Retirement or] Leave of Absence. [If Executive’s employment with the Corporation and its Subsidiaries is terminated by reason of Executive’s Retirement, Executive will receive the Shares of Restricted Stock that are vested on the date of Executive’s Retirement. Any then any Shares of Restricted Stock which are not vested on at the date time of such Retirement will become vested automatically. For purposes of this Agreement, “Retirement” is defined as Executive’s Retirement will be forfeited to the Corporation, unless the Compensation Committee in its sole and exclusive discretion determines otherwise. termination of employment after attaining age 65.] A leave of absence which is approved in writing by the Compensation Committee with specific reference to this Agreement will not be considered a termination of Executive’s employment with the Corporation and its subsidiaries for purposes of this Section 4 or any other provision of this Agreement.