Common use of Forfeiture of Restricted Stock Units Clause in Contracts

Forfeiture of Restricted Stock Units. i. If the Participant’s employment is terminated by reason of the Retirement of the Participant before October 1, <Year_of_Grant>, then the Restricted Stock Units shall be forfeited immediately and all rights of the Participant to such Units shall terminate immediately without further obligation on the part of the Corporation or any Subsidiary Company.

Appears in 2 contracts

Samples: Cycle Award Agreement (Norfolk Southern Corp), Award Agreement (Norfolk Southern Corp)

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Forfeiture of Restricted Stock Units. i. If the Participant’s employment is terminated by reason of the Retirement of the Participant before October 1, <Year_of_Grantyear of grant>, then the Restricted Stock Units shall be forfeited immediately and all rights of the Participant to such Units shall terminate immediately without further obligation on the part of the Corporation or any Subsidiary Company.

Appears in 2 contracts

Samples: Cycle Award Agreement (Norfolk Southern Corp), Award Agreement (Norfolk Southern Corp)

Forfeiture of Restricted Stock Units. i. If the Participant’s employment is terminated by reason of the Retirement of the Participant before October 1, <Year_of_Grant>, then the Restricted Stock Units shall be forfeited immediately and all rights of the Participant to such Units shall terminate immediately without further obligation on the part of the Corporation or any Subsidiary Company.. Exhibit 10 (ff)

Appears in 1 contract

Samples: Agreement (Norfolk Southern Corp)

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Forfeiture of Restricted Stock Units. i. If the Participant’s employment is terminated by reason of the Retirement of the Participant before October 1, <Year_of_Grant>, then the Restricted Stock Units shall be forfeited Exhibit 10 (mm) immediately and all rights of the Participant to such Units shall terminate immediately without further obligation on the part of the Corporation or any Subsidiary Company.

Appears in 1 contract

Samples: Cycle Award Agreement (Norfolk Southern Corp)

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