Common use of Employment Termination, Eligibility for Retirement or Occurrence of Total Disability More Than One Year After Grant Date Clause in Contracts

Employment Termination, Eligibility for Retirement or Occurrence of Total Disability More Than One Year After Grant Date. If, on or after the first anniversary of the Grant Date and prior to the End Date, the Participant incurs a Separation From Service due to an Involuntary Termination, or the Participant meets the age and service requirements specified in (c)(i) below or incurs a Total Disability, then the restrictions on the PSUs shall remain eligible to lapse based on attainment of the Performance Condition or shall be cancelled as provided below:

Appears in 4 contracts

Samples: Share Unit Award Agreement (Baker Hughes Co), Share Unit Award Agreement (Baker Hughes Co), Share Unit Award Agreement (Baker Hughes Co)

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Employment Termination, Eligibility for Retirement or Occurrence of Total Disability More Than One Year After Grant Date. If, on or after the first anniversary of the Grant Date and prior to the End Date, the Participant incurs a Separation From Service due to an Involuntary Termination, or the Participant meets the age and service requirements specified in (c)(i) below or incurs a Total Disability, then the restrictions on the PSUs RSUs awarded hereby shall remain eligible to lapse based on attainment of the Performance Condition or shall be cancelled as provided below:

Appears in 2 contracts

Samples: Hughes Company Restricted Stock Unit Award Agreement (Baker Hughes Co), Baker Hughes Company Restricted Stock Unit Award Agreement (Baker Hughes Co)

Employment Termination, Eligibility for Retirement or Occurrence of Total Disability More Than One Year After Grant Date. If, on or after the first anniversary of the Grant Date and prior to the End Date, the Participant incurs a Separation From Service due to an Involuntary Termination, or the Participant becomes eligible to retire or meets the age and service requirements specified in (c)(i) below or incurs a Total Disability, then the restrictions on the PSUs RSUs awarded hereby shall remain eligible to lapse based on attainment of the Performance Condition or shall be cancelled as provided below:

Appears in 2 contracts

Samples: Baker Hughes Company Restricted Stock Unit Award Agreement (Baker Hughes Co), Baker Hughes Company Restricted Stock Unit Award Agreement (Baker Hughes Co)

Employment Termination, Eligibility for Retirement or Occurrence of Total Disability More Than One Year After Grant Date. If, on or after the first anniversary of the Grant Date and prior to the End Normal Restriction Lapse Date, the Participant incurs a Separation From Service due to an Involuntary Termination, or the Participant meets the age and service requirements specified in (c)(i) below or incurs a Total Disability, then the restrictions on the PSUs RSUs awarded hereby shall remain eligible to lapse based on attainment of the Performance Condition or shall be cancelled as provided below:

Appears in 1 contract

Samples: Baker Hughes Company Restricted Stock Unit Award Agreement (Baker Hughes Co)

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Employment Termination, Eligibility for Retirement or Occurrence of Total Disability More Than One Year After Grant Date. If, on or after the first anniversary of the Grant Date and prior to the End Date, the Participant incurs a Separation From Service due to an Involuntary Termination, or the Participant meets the age and service requirements specified in (c)(i) below or incurs a Total Disability, then the restrictions on the PSUs PUs shall remain eligible to lapse based on attainment of the Performance Condition or shall be cancelled as provided below:

Appears in 1 contract

Samples: Baker Hughes Holdings LLC

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