Common use of Pro Rata Vesting Clause in Contracts

Pro Rata Vesting. If the Participant is at least age 62 as of the Award Date, then notwithstanding Section 1.3(a), the Performance Units shall vest as follows (the “Pro Rata Vesting Schedule”): January 1, 2017 1/6th July 1, 2017 1/6th January 1, 2018 1/6th July 1, 2018 1/6th January 1, 2019 1/6th July 1, 2019 1/6th If the Participant ceases to be an employee of the Company or a subsidiary thereof prior to the vesting of all of the Performance Units pursuant to this Section 1.3(c), the Participant shall forfeit all unvested Performance Units under the Award, except as otherwise provided in this Section 1.3 and Section 1.6.

Pro Rata Vesting. If the Participant is at least age 62 as of the Award Date, then notwithstanding Section 1.3(a), the Performance Units shall vest as follows (the “Pro Rata Vesting Schedule”): January 1, 2017 20[___] 1/6th July 1, 2017 20[___] 1/6th January 1, 2018 20[___] 1/6th July 1, 2018 20[___] 1/6th January 1, 2019 20[___] 1/6th July 1, 2019 20[___] 1/6th If the Participant ceases to be an employee of the Company or a subsidiary thereof prior to the vesting of all of the Performance Units pursuant to this Section 1.3(c), the Participant shall forfeit all unvested Performance Units under the Award, except as otherwise provided in this Section 1.3 and Section 1.6.

Pro Rata Vesting. If the Participant is at least age 62 as of the Award Date, then notwithstanding Section 1.3(a), the Performance Units shall vest as follows (the “Pro Rata Vesting Schedule”): January 1, 2017 2020 1/6th July 1, 2017 2020 1/6th January 1, 2018 2021 1/6th July 1, 2018 2021 1/6th January 1, 2019 2022 1/6th July 1, 2019 2022 1/6th If the Participant ceases to be an employee of the Company or a subsidiary thereof prior to the vesting of all of the Performance Units pursuant to this Section 1.3(c), the Participant shall forfeit all unvested Performance Units under the Award, except as otherwise provided in this Section 1.3 and Section 1.6.

Pro Rata Vesting. If the Participant is at least age 62 as of the Award Date, then notwithstanding Section 1.3(a1.2(a), the Performance Units shall vest as follows (the “Pro Rata Vesting Schedule”): January 1, 2017 1/6th July 1, 2017 1/6th January 1, 2018 1/6th July 1, 2018 1/6th January 1, 2019 1/6th July 1, 2019 1/6th If the Participant ceases to be an employee of the Company or a subsidiary thereof prior to the vesting of all of the Performance Units pursuant to this Section 1.3(c)the Pro Rata Vesting Schedule, the Participant shall forfeit all the unvested Performance Units under the Award, except as otherwise provided in this Section 1.3 1.2 and Section 1.61.5.