Common use of Eligibility for Retirement on or After Age 62 Clause in Contracts

Eligibility for Retirement on or After Age 62. A Participant shall be fully vested in his Restricted Stock Units on the first February 1 that follows the Grant Date if on such February 1 the Participant: (i) is eligible for Retirement, (ii) is at least age 62, and (iii) has been actively employed by the Company continuously since the Grant Date. The Participant’s Restricted Stock Units shall be payable as soon as practicable after this February 1. A Participant shall be fully vested in his Restricted Stock Units on the second February 1 that follows the Grant Date if on such February 1 the conditions in (i), (ii) and (iii) of this Paragraph B.2(b) are satisfied. The Participant’s Restricted Stock Units shall be payable as soon as practicable after this second February 1 (net of any Restricted Stock Units previously paid out).

Eligibility for Retirement on or After Age 62. A Participant shall be fully vested in his Restricted Stock Units on the first February 1 that follows the Grant Date if on such February 1 the Participant: (i) is eligible for Retirement, (ii) is at least age 62, and (iii) has been actively employed by the Company continuously since the Grant Date. The Participant’s Restricted Stock Units shall be payable paid as soon as practicable after this February 1. A Participant shall be fully vested in his Restricted Stock Units on the second February 1 that follows the Grant Date if on such February 1 the conditions in (i), (ii) and (iii) of this Paragraph B.2(b) are satisfied. The Participant’s Restricted Stock Units shall be payable paid as soon as practicable after this second February 1 (net of any Restricted Stock Units previously paid out).

Eligibility for Retirement on or After Age 62. A Participant shall be fully vested in his Restricted Stock Units on the first February 1 that follows the Grant Date if on such February 1 the Participant: (i) is eligible for Retirement, (ii) is at least age 62, and (iii) has been actively employed by the Company continuously since the Grant Date. The Participant’s Restricted Stock Units shall will be payable as soon as practicable after this February 1. A Participant shall be fully vested in his Restricted Stock Units on the second February 1 that follows the Grant Date if on such February 1 the conditions in (i), (ii) and (iii) of this Paragraph B.2(b) are satisfied. The Participant’s Restricted Stock Units shall will be payable as soon as practicable after this second February 1 (net of any Restricted Stock Units previously paid out).