Full Vesting Upon Certain Events. A Participant's entire Account shall become fully vested once he or she has attained his or her Normal Retirement Date as an Employee or upon his or her terminating employment with all Related Companies due to his or her Disability or death.
Full Vesting Upon Certain Events. The entire Award, to the extent not previously vested, shall vest in full upon the first to occur of:
(i) the effective date of a Change in Control, if either (A) the Employee remains continuously employed by the Company or a subsidiary of the Company through the date on which such Change in Control occurs or (B) the Employee’s employment or other service with the Company and its subsidiaries is involuntarily terminated without Cause on or after the thirtieth (30th) day prior to the date on which such Change in Control occurs; and
(ii) the termination of the Employee’s employment or other service with the Company and its subsidiaries as a result of the Employee’s death or Disability (whether during or after the Performance Period).
Full Vesting Upon Certain Events. Notwithstanding the provisions of Section 3(a), the Participant will acquire a vested interest in, and the restrictions on voting and the right to receive dividends set forth in Section 1(b) and the restrictions on transfer set forth in Section 2 will lapse with respect to, all of the granted but nonvested Restricted Shares in the event of (i) the involuntary termination (including disability or death) of the Participant’s employment with the Company and its Subsidiaries for any reason, including for Cause, or (ii) the voluntary termination of the Participant’s employment with the Company and its Subsidiaries by the Participant, with or without Good Reason.”
Full Vesting Upon Certain Events. Notwithstanding the provisions of Section 3(a) and the granting schedule set forth in the Recitals hereto, the Participant will (i) be granted all Restricted Shares set forth in the granting schedule that have not previously been granted and, immediately thereafter, (ii) acquire a vested interest in, and the restrictions on voting and the right to receive dividends set forth in Section 1(b) and the restrictions on transfer set forth in Section 2 will lapse with respect to, all nonvested Restricted Shares in the event of (A) the involuntary termination (including disability or death) of the Participant’s employment with the Company and its Subsidiaries for a reason other than Cause, or (B) the voluntary termination of employment with the Company and its Subsidiaries by the Participant for Good Reason, within the 60 month period following the occurrence of a Change in Control meeting the definition thereof set forth in Sections 8(b)(i) – 8(b)(iv). Notwithstanding the provisions of Section 3(a) and the granting schedule set forth in the Recitals hereto, the Participant will acquire a vested interest in, and the restrictions on voting and the right to receive dividends set forth in Section 1(b) and the restrictions on transfer set forth in Section 2 will lapse with respect to, all nonvested Restricted Shares in the event of the voluntary termination of employment with the Company and its Subsidiaries by the Participant, with or without Good Reason, within the six-month period following the occurrence of a Change in Control meeting the definition thereof set forth in Section 8(b)(v).
Full Vesting Upon Certain Events. Notwithstanding the provisions of Section 3(a), the Participant will acquire a vested interest in, and the restrictions on voting and the right to receive dividends set forth in Section l(b) and the restrictions on transfer set forth in Section 2 will lapse with respect to, all of the granted but nonvested Restricted Shares in the event of (i) the involuntary termination (including disability or death) of the Participant's employment with the Company and its Subsidiaries for a reason other than Cause, (ii) the voluntary termination of employment with the Company and its Subsidiaries by the Participant for Good Reason, within the 24-month period following the occurrence of a Change in Control meeting the definition thereof set forth in Sections 8(b)(i) -8(b)(iv); or (ii) the voluntary termination of employment with the Company and its Subsidiaries by the Participant, with or without Good Reason, within the six-month period following the occurrence of a Change in Control meeting the definition thereof set forth in Section 8(b)(v).
Full Vesting Upon Certain Events. Notwithstanding the provisions of Section 3(a) and the granting schedule set forth in the Recitals thereto, the Participant will (i) be granted all Restricted Shares set forth in the granting schedule that have not previously been granted and, immediately thereafter, acquire a vested interest in, and the restrictions on voting and the right to receive dividends set forth in Section l(b) and the restrictions on transfer set forth in Section 2 will lapse with respect to, all such Restricted Shares in the event of (i) the involuntary termination (including disability or death) of the Participant' s employment with the Company and its Subsidiaries for any reason, including for Cause, or (ii) the voluntary termination of the Participant' s employment with the Company and its Subsidiaries by the Participant for Good Reason. Notwithstanding the provisions of Section 3(a), the Participant will acquire a vested interest in, and the restrictions on voting and the right to receive dividends set forth in Section 1(b) and the restrictions on transfer set forth in Section 2 will lapse with respect to, all nonvested Restricted Shares in the event of the voluntary termination of the Participant' s employment with the Company and its Subsidiaries by the Participant other than for Good Reason.
Full Vesting Upon Certain Events. A Participant's entire Account shall become fully vested once he or she has attained his or her Normal Retirement Date as an Employee, is determined to be Terminally Disabled as an Employee or upon his or her termination of employment with all Related Companies by reason of his or her Disability or death. EFFECTIVE JULY 1, 1996:
1. Section 2 is amended to restate Subsection 2.1 in its entirety as follows:
Full Vesting Upon Certain Events. A Participant’s entire Account shall become fully vested once he or she has attained his or her Normal Retirement Date as an Employee or upon his or her terminating employment with all Related Companies due to his or her Disability or death. For purposes of this Section 8.2, a Participant who dies while performing qualified military service, as defined in Section 414(u) of the Code, shall be treated as having died while actively employed by an Employer.
Full Vesting Upon Certain Events. Notwithstanding the provisions of Section 3(a), the Participant will acquire a vested interest in, and the restrictions on voting and the right to receive dividends set forth in Section 1(b) and the restrictions on transfer set forth in Section 2 will lapse with respect to, all nonvested Restricted Shares in the event of (i) the involuntary termination (including by reason of disability or death) of the Participant’s employment with the Company and its Subsidiaries, other than for Cause or (ii) the voluntary termination of employment with the Company and its Subsidiaries by the Participant for Good Reason. Additionally, in the event of the closing of a plan a recapitalization, merger, consolidation, separation or reorganization or any other change in the capital structure of the Company (a “Merger Event”), the restrictions on transfer set forth in Section 2 will lapse with respect to all nonvested Restricted Shares immediately prior to the effectiveness of the Merger Event such that Participant will receive commensurate consideration or distributions in respect of Participant’s Restricted Shares as that to be received by other holders of Common Stock as a result of such Merger Event.
Full Vesting Upon Certain Events. Notwithstanding the provisions of Section 3(a), the Participant will acquire a vested interest in, and the restrictions on voting and the right to receive dividends set forth in Section 1(b) and the restrictions on transfer set forth in Section 2 will lapse with respect to, all nonvested Restricted Shares in the event of (i) the involuntary termination (including by reason of disability or death) of the Participant’s employment with the Company and its Subsidiaries, other than for Cause or (ii) the voluntary termination of employment with the Company and its Subsidiaries by the Participant for Good Reason.
