Common use of Qualified Retirement Clause in Contracts

Qualified Retirement. Notwithstanding any other provision of the Agreement or these Terms and Conditions to the contrary, if you incur a Separation From Service as a result of your Qualified Retirement before the Fourth Vesting Date, then the number of Cash-Settled Restricted Stock Units issued to you under the Agreement shall automatically be reduced (without further action by you and/or the Company) on the date you incur a Separation From Service to that number of Cash-Settled Restricted Stock Units determined under the following formula (the “Retirement Adjusted Cash-Settled Restricted Stock Units”):

Qualified Retirement. Notwithstanding any other provision of the Agreement or these Terms and Conditions to the contrary, if before the Fourth Vesting Date you incur a Separation From Service as a result of your Qualified Retirement before the Fourth Vesting DateRetirement, then the number of Cash-Settled Restricted Stock Units issued to you under the Agreement shall automatically be reduced (without further action by you and/or the Company) on the date you incur a such Separation From Service to that number of Cash-Settled Restricted Stock Units determined under the following formula (the “Retirement Adjusted Cash-Settled Restricted Stock Units”):

Qualified Retirement. Notwithstanding any other provision of the Agreement or these Terms and Conditions to the contrary, if you incur a Separation From Service as a result of your Qualified Retirement before the Fourth Vesting Anniversary Date, then the number of Cash-Settled Restricted Stock Units issued to you under the Agreement shall automatically be reduced (without further action by you and/or the Company) on the date you incur a Separation From Service to that number of Cash-Settled Restricted Stock Units determined under the following formula (the “Retirement Adjusted Cash-Settled Restricted Stock Units”):