Common use of Employment Condition Clause in Contracts

Employment Condition. 3.1 In order to receive the full number of Performance Shares determined under Section 2, the Employee must not have a Termination of Employment (as defined below) prior to the last day of the Performance Period (the “Vesting Date”). 3.2 If the Employee has a Termination of Employment prior to the Vesting Date as a result of Total Disability, Death or Retirement as such terms are defined in Sections 6.1-4(b), 6.1-4(c) and 6.1-4(f), respectively, of the Plan, the Employee or beneficiary shall be entitled to receive an award payout following the completion of the Performance Period as determined under this Agreement based on a reduced Target Share Amount. The Target Share Amount following Total Disability, Death or Retirement of the Employee shall be determined by multiplying the Target Share Amount before such event by a fraction, the numerator of which is the number of days in the period starting on the first day of the Performance Period and ending on the date of the Employee’s Termination of Employment and the denominator of which is the number of days in the Performance Period. 3.3 If the Employee has a Termination of Employment prior to the Vesting Date, other than by reason of Total Disability, Death or Retirement, the Employee shall forfeit all rights to receive any Performance Shares. 3.4 A “Termination of Employment” shall be deemed to occur on the date on which the Employee ceases to be employed on a continuous full time basis by the Company or a subsidiary of the Company for any reason or no reason, with or without cause. The Employee shall not be treated as having a Termination of Employment during the time the Employee is receiving long term disability benefits provided by the Company or a subsidiary of the Company, unless the Employee has received formal written notice of termination.

Employment Condition. 3.1 In order to receive the full number of Performance Shares determined under Section 2, the Employee must not have a Termination of Employment (as defined below) prior to the last day of the Performance Period (the “Vesting Date”). 3.2 If the Employee has a Termination of Employment prior to the Vesting Date as a result of Total Disability, Death or Retirement as such terms are defined in Sections 6.1-4(b), 6.1-4(c) and 6.1-4(f), respectively, of the Plan, the Employee or beneficiary shall be entitled to receive an award payout following the completion of the Performance Period as determined under this Agreement based on a reduced Target Maximum Share Amount. The Target Maximum Share Amount following Total Disability, Death or Retirement of the Employee shall be determined by multiplying the Target Maximum Share Amount before such event by a fraction, the numerator of which is the number of days in the period starting on the first day of the Performance Period and ending on the date of the Employee’s Termination of Employment and the denominator of which is the number of days in the Performance Period. 3.3 If the Employee has a Termination of Employment prior to the Vesting Date, other than by reason of Total Disability, Death or Retirement, the Employee shall forfeit all rights to receive any Performance Shares. 3.4 A “Termination of Employment” shall be deemed to occur on the date on which the Employee ceases to be employed on a continuous full time basis by the Company or a subsidiary of the Company for any reason or no reason, with or without cause. The Employee shall not be treated as having a Termination of Employment during the time the Employee is receiving long term disability benefits provided by the Company or a subsidiary of the Company, unless the Employee has received formal written notice of termination.

Employment Condition. 3.1 In order to receive the full number of Performance Shares LTIP Payout determined under Section 2, the Employee must not have a Termination of Employment (as defined below) prior to the last day of the Performance Period (the “Vesting Date”). 3.2 If the Employee has a Termination of Employment prior to the Vesting Date as a result of Total DisabilityDisability (as defined below), Death death or Retirement (as such terms are defined in Sections 6.1-4(bbelow), 6.1-4(c) and 6.1-4(f), respectively, of the Plan, the Employee or beneficiary shall be entitled to receive an award payout following the completion of the Performance Period as determined under this Agreement based on a reduced Target Share AmountAgreement. The Target Share Amount award payout following Total Disability, Death or Retirement of the Employee shall be determined by multiplying using the Target Share Amount before such event following method: the payout the Employee would have received if the Employee had remained employed for the entire Performance Period will be calculated and then multiplied by a fraction, the numerator of which is the number of days in the period starting on the first day full months of the Performance Period and ending on the date of completed prior to the Employee’s Termination of Employment and the denominator of which is the number of days in the Performance Period24. 3.3 If the Employee has a Termination of Employment prior to the Vesting Date, other than by reason of Total Disability, Death or Retirement, the Employee shall forfeit all rights to receive any Performance SharesLTIP Payout. 3.4 A “Termination of Employment” shall be deemed to occur on the date on which the Employee ceases to be employed on a continuous full time basis by the Company or a subsidiary of the Company for any reason or no reason, with or without cause. The Employee shall not be treated as having a Termination of Employment during the time the Employee is receiving long term disability benefits provided by the Company or a subsidiary of the Company, unless the Employee has received formal written notice of termination.

Employment Condition. 3.1 In order to receive the full number of Performance Shares LTIP Payout determined under Section 2, the Employee must not have a Termination of Employment (as defined below) prior to the last day of the Performance Period (the “Vesting Date”). 3.2 If the Employee has a Termination of Employment prior to the Vesting Date as a result of Total DisabilityDisability (as defined below), Death death or Retirement (as such terms are defined in Sections 6.1-4(bbelow), 6.1-4(c) and 6.1-4(f), respectively, of the Plan, the Employee or beneficiary shall be entitled to receive an award payout following the completion of the Performance Period as determined under this Agreement based on a reduced Target Share AmountAgreement. The Target Share Amount award payout following Total Disability, Death death or Retirement of the Employee shall be determined by multiplying using the Target Share Amount before such event following method: the payout the Employee would have received if the Employee had remained employed for the entire Performance Period will be calculated and then multiplied by a fraction, the numerator of which is the number of days in the period starting on the first day full months of the Performance Period and ending on the date of completed prior to the Employee’s Termination of Employment and the denominator of which is the number of days in the Performance Period36. 3.3 If the Employee has a Termination of Employment prior to the Vesting Date, other than by reason of Total Disability, Death death or Retirement, the Employee shall forfeit all rights to receive any Performance SharesLTIP Payout. 3.4 A “Termination of Employment” shall be deemed to occur on the date on which the Employee ceases to be employed on a continuous full time basis by the Company or a subsidiary of the Company for any reason or no reason, with or without cause. The Employee shall not be treated as having a Termination of Employment during the time the Employee is receiving long term disability benefits provided by the Company or a subsidiary of the Company, unless the Employee has received formal written notice of termination.

Employment Condition. 3.1 In order to receive the full number of Performance Shares determined under Section 2, the Employee must not have a Termination of Employment (as defined below) prior to the last day of the Performance Period (the “Vesting Date”). 3.2 If the Employee has a Termination of Employment prior to the Vesting Date as a result of Total Disability, Death or Retirement as such terms are defined in Sections 6.1-4(b), 6.1-4(c) and 6.1-4(f), respectively, of the Plan, the Employee or beneficiary shall be entitled to receive an award payout following the completion of the Performance Period as determined under this Agreement based on a reduced Target Maximum Share Amount. The Target Maximum Share Amount following Total Disability, Death or Retirement of the Employee shall be determined by multiplying the Target Maximum Share Amount before such event by a fraction, the numerator of which is the number of days in the period starting on the first day January 1 of the Performance Period year in which the parties entered into this Agreement and ending on the date of the Employee’s Termination of Employment and the denominator of which is the number of days in the Performance Periodperiod starting on January 1 of the year in which the parties entered into this Agreement and ending on the Vesting Date. 3.3 If the Employee has a Termination of Employment prior to the Vesting Date, other than by reason of Total Disability, Death or Retirement, the Employee shall forfeit all rights to receive any Performance Shares. 3.4 A “Termination of Employment” shall be deemed to occur on the date on which the Employee ceases to be employed on a continuous full time basis by the Company or a subsidiary of the Company for any reason or no reason, with or without cause. The Employee shall not be treated as having a Termination of Employment during the time the Employee is receiving long term disability benefits provided by the Company or a subsidiary of the Company, unless the Employee has received formal written notice of termination.