Full Vesting. After age 45 and 10 years of service, a terminating member is entitled to the actuarial equivalent of the benefits payable at normal retirement. Such benefits are not to be less than the benefits payable under Minimum Vesting.
Full Vesting. Upon the Grantee’s Retirement, vesting (and settlement) shall continue according to the schedule set forth in Section 3(a) as if the Grantee were still employed; provided, that, during the period following Retirement and prior to the Vesting Date, the Grantee does not enter into any employment, consulting, service or similar arrangements or accept any directorship that has not been pre-approved by the Committee in its sole discretion. In the event that the Grantee does enter into any such employment, consulting, service or similar arrangement or accepts any unapproved directorship, all unvested Restricted Stock Units shall be immediately forfeited. For purposes of this Agreement, “Retirement” shall be defined as when the Grantee retires from the Company or a Subsidiary, as applicable, if the sum of the Grantee’s age and years of service as an employee of the Company and its Subsidiaries equals at least 55.
Full Vesting. If this Section 2 applies, then all Equity held by the Employee when his employment terminates shall become fully vested and exercisable (as the case may be).
Full Vesting. If the Employee’s employment terminates due to his Disability or death, then all Equity held by the Employee when his employment terminates shall become fully vested and exercisable (as the case may be).
Full Vesting. Upon the occurrence of a Change in Control Event (as defined in subsection 9(b)), the Restricted Stock shall become fully vested and transferable regardless of whether all conditions for vesting and transferability relating to length of service have been satisfied.
Full Vesting. Except as otherwise provided in this Article 5, the Executive shall maintain a 100% vested and nonforfeitable interest in the benefits provided under this Agreement.
Full Vesting. Upon the consummation of a Specified Transaction (the “Full Vesting Date”), (i) all Phantom Units granted hereunder then held by the Grantee that have not previously become time vested will automatically become fully vested so long as the Grantee has continuously spent the majority of the Grantee’s business time providing services to the Company Group from the Grant Date through the date of the consummation of such Specified Transaction and (ii) all Phantom Units granted hereunder then held by the Grantee that have previously become time vested will automatically become fully vested as of the date of the consummation of such Specified Transaction. Notwithstanding anything in the Plan or this Agreement to the contrary, if a Specified Transaction is not consummated on or before the seventh anniversary of the Grant Date (the “Threshold Date”), then, effective as of the Threshold Date, all Phantom Units granted hereunder (and all rights arising from such Phantom Units and from being a holder thereof) will terminate automatically without any further action by the Company or any other member of the Company Group and will be forfeited without further notice.
Full Vesting. Upon the death of any Participant while in Service, his vested percentage in his Employer Account shall be 100% and his Vested Balance along with any Death Benefit due to the Trust as a result of the Participant's death shall be payable to the Participant's Surviving Spouse or, if the Surviving Spouse consents, or if there is not a Surviving Spouse, to a designated Beneficiary of the Participant.
Full Vesting. The Upfront RFUs are vested and nonforfeitable as of the Grant Date, subject to the performance adjustment as set forth in Paragraph 17 hereof.
Full Vesting. Notwithstanding Subsections 7(a) and (b) above, a ------------- Participant shall become vested in his entire Company Contributions Accounts if one of the following events occurs:
(i) He attains age 55.
(ii) He becomes permanently and totally disabled as determined by UDLP on the basis of competent medical evidence. Subject to the review procedure described in Section 11, such determination shall be conclusive and binding upon all persons.
