Common use of RESIGNATION DUE TO RETIREMENT Clause in Contracts

RESIGNATION DUE TO RETIREMENT. If Manager fails to meet the requirements of Paragraph 3 above because he has retired from employment with Employer, the Company or Southwest Coca-Cola Bottling Company, Inc. after the Performance Period ends, but prior to a payment date in accordance with the terms of The Coca-Cola Bottling Group (Southwest), Inc. and Affiliates Retirement Plan, Manager will receive the Award Payable as provided in this Agreement. If Manager's resignation due to retirement occurs prior to the end of the Performance Period, the Board of Directors may waive the "continuous employment" requirement and prorate the Award Payable based on the ratio of the number of months within the Performance Period in which Manager was actively employed to the 36 months in the Performance Period.

RESIGNATION DUE TO RETIREMENT. If Manager fails to meet the requirements of Paragraph 3 above because he has retired from employment with Employer, the Company or Southwest Coca-Cola Bottling Company, Inc. a bottling subsidiary of the Company after the Performance Period ends, but prior to a payment date in accordance with the terms of The Coca-Cola Bottling Group (Southwest), Inc. and Affiliates Retirement Plan, Manager will receive the Award Payable as provided in this Agreement. If Manager's resignation due to retirement occurs prior to the end of the Performance Period, the Board of Directors may waive the "continuous employment" requirement and prorate the Award Payable based on the ratio of the number of months within the Performance Period in which Manager was actively employed to the 36 months in the Performance Period.

RESIGNATION DUE TO RETIREMENT. If Manager fails to meet the requirements of Paragraph 3 above because he has retired from employment with Employer, the Company or Southwest Coca-Cola Bottling Company, Inc. a bottling subsidiary of the Company after the Performance Period ends, but prior to a payment date in accordance with the terms terns of The Coca-Cola Bottling Group (Southwest), Inc. and Affiliates Retirement Plan, Manager will receive the Award Payable as provided in this Agreement. If Manager's resignation due to retirement occurs prior to the end of the Performance Period, the Board of Directors may waive the "continuous employment" requirement and prorate the Award Payable based on the ratio of the number of months within the Performance Period in which Manager was actively employed to the 36 months in the Performance Period.