Common use of Employment Termination for Retirement Clause in Contracts

Employment Termination for Retirement. If your service with the Company terminates for any reason other than Cause on or after you have attained age sixty (60) and accumulated five (5) or more years of “continuous service” as defined under the Company’s “Continuous Service Policy” or equivalent, then all of your unvested RSUs shall immediately vest as of the date of such termination of service.

Appears in 3 contracts

Samples: Restricted Stock Unit Award Agreement (Genworth Financial Inc), Restricted Stock Unit Award Agreement (Genworth Financial Inc), Restricted Stock Unit Award Agreement (Genworth Financial Inc)

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Employment Termination for Retirement. If your service with the Company terminates for any reason other than Cause on or after you have attained age sixty (60) and accumulated five (5) or more years of “continuous serviceContinuous Service,” as such term is defined under the Company’s “Continuous Service Policy” or equivalentGenworth Financial, Inc.’s applicable service policy, then all of your unvested RSUs shall immediately vest as of the date of such termination of service.

Appears in 2 contracts

Samples: Performance Stock Unit Award Agreement (Enact Holdings, Inc.), Restricted Stock Unit Award Agreement (Enact Holdings, Inc.)

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Employment Termination for Retirement. If your service with the Company terminates for any reason other than Cause on or after you have attained age sixty (60) and accumulated five (5) or more years of “continuous service” as defined under the Company’s “Continuous Service Policy” or equivalent, then all of your unvested RSUs shall immediately vest as of the date of such termination of serviceautomatically vest.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Genworth Financial Inc)

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