Retirement After the Third Anniversary of the Date of Grant Sample Clauses

Retirement After the Third Anniversary of the Date of Grant. If the Grantee’s Retirement occurs after the third (3rd) anniversary of the Date of Grant, the PSUs that become Awarded PSUs in accordance with the terms and conditions of this Agreement will become payable on the fifth (5th) anniversary of the Date of Grant, provided that the Grantee is in Good Standing with the Company as of the date of such payment. For purposes of Awarded PSUs subject to this Section 5(c), the date of the fifth (5th) anniversary of the Date of Grant is referred to in this Agreement as the “Retirement Payout Date.” If at any time after the Grantee’s Retirement the Grantee is not in Good Standing with the Company, one hundred percent (100%) of the outstanding Awarded PSUs will be forfeited immediately. In the event of the Grantee’s death prior to payment of the Awarded PSUs subject to this Section 5(c) : (1) if the Grantee’s death occurs prior to awarding, one hundred percent (100%) of the PSUs that are granted in Section 1 of this Agreement will be payable on the date of the Grantee’s death; or (2) if the Grantee’s death occurs after awarding, one hundred percent (100%) of the Awarded PSUs will be payable on the date of the Grantee’s death.
Sample 1
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Retirement After the Third Anniversary of the Date of Grant. PSUs that become payable in accordance with Section 5(c) of this Agreement due to the Grantee’s Retirement after the third (3rd) anniversary of the Date of Grant, will be settled on or as soon as administratively practicable (and no later than thirty (30) days) after the Retirement Payout Date specified in Section 5(c) of this Agreement, subject to Section BXXXX & BXXXX, INC.PERFORMANCE STOCK UNIT AWARD AGREEMENT(Key Corporate Leaders / Profit Center Leaders / Other Leaders) 12 of this Agreement (including without limitation the requirement to delay settlement for six (6) months).
Sample 1
Retirement After the Third Anniversary of the Date of Grant. If the Grantee’s Retirement occurs after the third (3rd) anniversary of the Date of Grant, the RSUs will become payable on the fifth (5th) anniversary of the Date of Grant, provided that the Grantee is in Good Standing with the Company as of the date of such payment. For purposes of RSUs subject to this Section 4(c), the date of the fifth (5th) anniversary of the Date of Grant is referred to in this Agreement as the “Retirement Payout Date.” If at any time after the Grantee’s Retirement the Grantee is not in Good Standing with the Company, one hundred percent (100%) of the RSUs will be forfeited immediately. In the BXXXX & BXXXX, INC.RESTRICTED STOCK UNIT AWARD AGREEMENT(Key Corporate Leaders / Profit Center Leaders / Other Leaders) event of the Grantee’s death prior to payment of the RSUs subject to this Section 4(c), one hundred percent (100%) of the RSUs will be payable on the date of the Grantee’s death.
Sample 1
Retirement After the Third Anniversary of the Date of Grant. RSUs that become payable in accordance with Section 4(c) of this Agreement due to the Grantee’s Retirement after the third (3rd) anniversary of the Date of Grant, will be settled on or as soon as administratively practicable (and no later than thirty (30) days) after the Retirement Payout Date specified in Section 4(c) of this Agreement, subject to Section 11 of this Agreement (including without limitation the requirement to delay settlement for six (6) months).
Sample 1

Related to Retirement After the Third Anniversary of the Date of Grant

  • Grant Date The Grant Date of the Option hereby granted is .

  • Vesting Date All remaining shares of Restricted Stock will become vested on the Vesting Date.

  • Award Date <Award Date>

  • Anniversary Date A regular employee’s initial date of current employment with the Employer as a regular employee shall be her anniversary date for the purpose of determining benefits and for the purpose of determining increment anniversary date. (Reference Article 6.05 - Superior Benefits and Article 12.03 - Increments).

  • Vesting Commencement Date Exercise Price per Share: Total Number of Shares Subject to the Option: Total Exercise Price: Expiration Date:

  • Payment after Vesting Any Performance Shares that vest in accordance with paragraphs 3 through 4 will be paid to the Employee (or in the event of the Employee’s death, to his or her estate) in Shares as soon as practicable following the date of vesting, subject to paragraph 9, but in no event later than the applicable two and one-half (2 1/2) month period of the “short-term deferral” rule set forth in the Section 1.409A-1(b)(4) of the Treasury Regulations issued under Section 409A. Notwithstanding the foregoing, if the Performance Shares are “deferred compensation” within the meaning of Section 409A, the vested Performance Shares will be released to the Employee (or in the event of the Employee’s death, to his or her estate) in Shares as soon as practicable following the date of vesting, subject to paragraph 9, but in no event later than the end of the calendar year that includes the date of vesting or, if later, the fifteen (15th) day of the third (3rd) calendar month following the date of vesting (provided that the Employee will not be permitted, directly or indirectly, to designate the taxable year of the payment). Further, if some or all of the Performance Shares that are “deferred compensation” within the meaning of Section 409A vest on account of the Employee’s Termination of Service (other than due to death) in accordance with paragraphs 3 through 4, the Performance Shares that vest on account of the Employee’s Termination of Service will not be considered due or payable until the Employee has a “separation from service” within the meaning of Section 409A. In addition, if the Employee is a “specified employee” within the meaning of Section 409A at the time of the Employee’s separation from service (other than due to death), then any accelerated Performance Shares will be paid to the Employee no earlier than six (6) months and one (1) day following the date of the Employee’s separation from service unless the Employee dies following his or her separation from service, in which case, the Performance Shares will be paid to the Employee’s estate as soon as practicable following his or her death, subject to paragraph 9. Any Performance Shares that vest in accordance with paragraph 5 will be paid to the Employee (or in the event of the Employee’s death, to his or her estate) in Shares in accordance with the provisions of such paragraph, subject to paragraph 9. For each Performance Share that vests, the Employee will receive one Share.

  • Date of Grant The date that the Option is granted (the “Date of Grant”) is set forth above.

  • Termination After a Change in Control You will receive Severance Benefits under this Agreement if, during the Term of this Agreement and after a Change in Control has occurred, your employment is terminated by the Company without Cause (other than on account of your Disability or death) or you resign for Good Reason.

  • Commencement of Exercisability (a) Subject to Sections 3.1(b), 3.1(c) and 3.3, the Option shall become vested and exercisable in such amounts and at such times as are set forth in the Grant Notice. (b) No portion of the Option which has not become vested and exercisable at the date of the Participant’s Termination of Services shall thereafter become vested and exercisable, except as may be otherwise provided by the Administrator or as set forth in a written agreement between the Company and the Participant. [

  • Exercise Period Upon Death or Disability If the Participant dies or becomes disabled (within the meaning of Section 22(e)(3) of the Code) prior to the Final Exercise Date while he or she is an Eligible Participant and the Company has not terminated such relationship for “cause” as specified in paragraph (e) below, this option shall be exercisable, within the period of one year following the date of death or disability of the Participant, by the Participant (or in the case of death by an authorized transferee), provided that this option shall be exercisable only to the extent that this option was exercisable by the Participant on the date of his or her death or disability, and further provided that this option shall not be exercisable after the Final Exercise Date.

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