Common use of Qualifying Retirement Clause in Contracts

Qualifying Retirement. If such termination of employment is because of the Employee’s Qualifying Retirement while in the employ of the Company, then the continued employment requirement for the Employee shall cease to apply and the number of PSUs to be settled in shares of Stock shall be equal to the amount determined in accordance with Section 2(a) and the table set forth in Schedule A based on the Company’s performance as of the end of the Performance Period multiplied by a fraction, the numerator of which is the number of days elapsed from [insert: applicable date] to the date of the Employee’s Qualifying Retirement and denominator of which is [insert: applicable period.]

Qualifying Retirement. If such termination of employment is because of the Employee’s Qualifying Retirement while in the employ of the Company, then the continued employment requirement for the Employee shall cease to apply and the number of Profit Requirement for the PSUs to be settled in shares of Stock shall be equal to determined as of the amount determined End of the Performance Period and paid in accordance with Section 2(a) and above; provided, however, that the table set forth in Schedule A based on number of shares of Stock to be paid to the Company’s performance as of the end of the Performance Period Employee shall be multiplied by a fraction, the numerator of which is the number of days elapsed from [insert: applicable date] the Grant Date to the date of the Employee’s Qualifying Retirement Retirement, and the denominator of which is [insert: applicable period1095.]

Qualifying Retirement. If such termination of employment is because of the Employee’s Qualifying Retirement while in the employ of the Company, then the continued employment requirement for the Employee shall cease to apply and the number Share Payout as a Percentage of Target Award for the PSUs to be settled in shares of Stock shall be equal to determined as of the amount determined Maturity Date and paid in accordance with Section 2(a) and above; provided, however, that the table set forth in Schedule A based on number of shares of Stock to be paid to the Company’s performance as of the end of the Performance Period Employee shall be multiplied by a fraction, the numerator of which is the number of days elapsed from [insert: applicable date] the Grant Date to the date of the Employee’s Qualifying Retirement Retirement, and the denominator of which is [insert: applicable period1075.]

Qualifying Retirement. If such termination of employment is because of the Employee’s Qualifying Retirement while in the employ of the Company, then the continued employment requirement for the Employee shall cease to apply and the number Share Payout as a Percentage of Target Award for the PSUs to be settled in shares of Stock shall be equal to determined as of the amount determined Maturity Date and paid in accordance with Section 2(a) and above; provided, however, that the table set forth in Schedule A based on number of shares of Stock to be paid to the Company’s performance as of the end of the Performance Period Employee shall be multiplied by a fraction, the numerator of which is the number of days elapsed from [insert: applicable date] the Grant Date to the date of the Employee’s Qualifying Retirement Retirement, and the denominator of which is [insert: applicable period1095.]