Common use of Restriction Period and Vesting Clause in Contracts

Restriction Period and Vesting. (a) The Award shall vest (i) with respect to restricted stock units subject to the Award on, , , an additional restricted stock units subject to the Award on , and the remaining restricted stock units subject to the Award on , , or (ii) earlier pursuant to Section 2(c) or (e) hereof (the “Restriction Period”). (b) If the Employee’s employment by the Company terminates by reason of retirement, the Award shall continue to vest in accordance with Section 2(a)(i) or earlier pursuant to Section 2(e) hereof; provided, however, that if the Employee dies after such Employee’s termination of employment by reason of retirement, the portion of the Award, if any, which is not vested as of the date of death shall become fully vested as of the date of death. For purposes of this Agreement, “retirement” shall mean retirement either (i) at or after age 55 after a minimum of ten years of employment with the Company or (ii) at or after age 65. For purposes of this Section 2.2(b) only, employment with an entity or business acquired by the Company shall be deemed to be employment with the Company.

Restriction Period and Vesting. (a) The Award shall vest (i) with respect to restricted stock units subject to the Award on, on , , an additional restricted stock units subject to the Award on , , and the remaining restricted stock units subject to the Award on , , or (ii) earlier pursuant to Section 2(c) or (e) hereof (the “Restriction Period”). (b) If the Employee’s employment by the Company terminates by reason of retirement, the Award shall continue to vest in accordance with Section 2(a)(i) or earlier pursuant to Section 2(e) hereof; provided, however, that if the Employee dies after such Employee’s termination of employment by reason of retirement, the portion of the Award, if any, which is not vested as of the date of death shall become fully vested as of the date of death. For purposes of this Agreement, “retirement” shall mean retirement either (i) at or after age 55 after a minimum of ten years of employment with the Company or (ii) at or after age 65. For purposes of this Section 2.2(b) only, employment with an entity or business acquired by the Company shall be deemed to be employment with the Company.

Restriction Period and Vesting. (a) The Award shall vest (i) with respect to restricted stock units subject to the Award on, , on , an additional restricted stock units subject to the Award on , and the remaining restricted stock units subject to the Award on , , or (ii) earlier pursuant to Section 2(c) or (e) hereof (the “Restriction Period”). (b) If the Employee’s employment by the Company terminates by reason of retirement, the Award shall continue to vest in accordance with Section 2(a)(i) or earlier pursuant to Section 2(e) hereof; provided, however, that if the Employee dies after such Employee’s termination of employment by reason of retirement, the portion of the Award, if any, which is not vested as of the date of death shall become fully vested as of the date of death. For purposes of this Agreement, “retirement” shall mean retirement either (i) at or after age 55 after a minimum of ten years of employment with the Company or (ii) at or after age 65. For purposes of this Section 2.2(b) only, employment with an entity or business acquired by the Company shall be deemed to be employment with the Company.

Restriction Period and Vesting. (a) The Award shall vest (i) with respect to restricted stock units subject to the Award on, , , an additional _____ restricted stock units subject to the Award on _________, and the remaining an additional _____ restricted stock units subject to the Award on _________, and the remaining _____ restricted stock units subject to the Award on ________, or (ii) earlier as otherwise provided pursuant to this Section 2(c) or (e) hereof 2 (the “Restriction Period”). (b) If the Employee’s employment by the Company terminates by reason of retirement, the Award shall continue to vest in accordance with Section 2(a)(i) or earlier pursuant to Section 2(e) hereof; provided, however, that if the Employee dies after such Employee’s termination of employment by reason of retirement, the portion of the Award, if any, which is not vested as of the date of death shall become fully vested as of the date of death. For purposes of this Agreement, “retirement” shall mean retirement either (i) at or after age 55 after a minimum of ten years of employment with the Company or (ii) at or after age 65. For purposes of this Section 2.2(b2(b) only, employment with an entity or business acquired by the Company shall be deemed to be employment with the Company.