Common use of Forfeiture/Expiration Clause in Contracts

Forfeiture/Expiration. Any Phantom Stock unit subject to this Award shall be forfeited upon the termination of Grantee’s continuous employment by the Corporation, including Subsidiaries, from the Date of Award, except to the extent otherwise provided in Section 2, and, if not previously vested and paid, or forfeited, shall expire immediately before the tenth anniversary of the Date of Award. Any Dividend Equivalent subject to this Award shall expire at the time the unit of Phantom Stock with respect to which the Dividend Equivalent is in tandem (i) is vested and paid, (ii) is forfeited, or (iii) expires.

Forfeiture/Expiration. Any Phantom Stock unit subject to this Award shall be forfeited upon the termination of Grantee’s continuous employment by the Corporation, including Subsidiaries, Grantee ceasing to continuously remain an Independent Director from the Date of AwardGrant, except to the extent otherwise provided in Section 2, and, if not previously vested and paid, or deferred, or forfeited, shall expire immediately before the tenth anniversary of the Date of AwardGrant. Any Dividend Equivalent subject to this Award shall expire at the time the unit of Phantom Stock with respect to which the Dividend Equivalent is in tandem (i) is vested and paid, or deferred, (ii) is forfeited, or (iii) expires.

Forfeiture/Expiration. Any Except as otherwise expressly provided herein, any Phantom Stock unit units subject to this Award shall be forfeited upon the termination of the Grantee’s continuous employment by the Corporation, Company (including Subsidiaries, ) from the Date of Award, except to the extent otherwise provided in Section 2, and, if not then or previously vested and paid, or forfeited, shall expire immediately before the tenth anniversary of the Date of Awardvested. Any right to future Dividend Equivalent Equivalents subject to this Award shall expire at the time the unit of Phantom Stock unit with respect to which the Dividend Equivalent is in tandem (i) is vested and paid, (ii) is either paid or forfeited, or (iii) expires.

Forfeiture/Expiration. Any Phantom Stock unit subject to this Award shall be forfeited upon the termination of Grantee’s continuous employment by the Corporation, including Subsidiaries, Grantee ceasing to continuously remain an Independent Director from the Date of Award, except to the extent otherwise provided in Section 2, and, if not previously vested and paid, or deferred, or forfeited, shall expire immediately before the tenth anniversary of the Date of Award. Any Dividend Equivalent subject to this Award shall expire at the time the unit of Phantom Stock with respect to which the Dividend Equivalent is in tandem (i) is vested and paid, or deferred, (ii) is forfeited, or (iii) expires.