Common use of Retirement and Performance Shares Clause in Contracts

Retirement and Performance Shares. If the Employee’s termination of employment constitutes a Qualifying Retirement, the Employee shall receive the benefits provided in Section 4(b) with respect to unvested stock options, restricted stock and stock rights awards (other than performance shares). Notwithstanding anything to the contrary in any related plan or award agreement, the Employee shall be entitled to exercise all vested stock options until the earlier of (a) three years after the date of Qualifying Retirement, and (b) the original terms of the options. Upon Retirement or Qualifying Retirement, the Employee shall continue to have the right to earn unvested performance shares upon the achievement of the applicable performance goals over any remaining performance period, as if the Employee’s employment had not been terminated.

Appears in 7 contracts

Samples: Severance and Change of Control Agreement (Regency Centers Corp), Severance and Change of Control Agreement (Regency Centers Corp), Severance and Change of Control Agreement (Regency Centers Corp)

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Retirement and Performance Shares. If the Employee’s termination of employment constitutes a Qualifying Retirement, the Employee shall receive the benefits provided in Section 4(b4(c) with respect to unvested stock options, restricted stock and stock rights awards (other than performance shares)awards. Notwithstanding anything to the contrary in any related plan or award agreement, the Employee shall be entitled to exercise all vested stock options until the earlier of (a) three years after the date of Qualifying Retirement, and (b) the original terms term of the optionsoption. Upon Retirement or Qualifying Retirement, the Employee shall continue to have the right to earn unvested performance shares upon the achievement of the applicable performance goals over any remaining performance period, as if the Employee’s employment had not been terminated.

Appears in 4 contracts

Samples: Severance and Change of Control Agreement (Regency Centers Corp), Severance and Change of Control Agreement (Regency Centers Corp), Severance and Change of Control Agreement (Regency Centers Corp)

Retirement and Performance Shares. If the Employee’s termination of employment constitutes a Qualifying Retirement, the Employee shall receive the benefits provided in Section 4(b) or 4(c), with respect to unvested stock options, restricted stock and stock rights awards (other than performance shares). Notwithstanding anything to the contrary in any related plan or award agreement, the Employee shall be entitled to exercise all vested stock options until the earlier of (a) three years after the date of Qualifying Retirement, and (b) the original terms of the options. Upon Retirement or Qualifying Retirement, the Employee shall continue to have the right to earn unvested performance shares upon the achievement of the applicable performance goals over any remaining performance period, as if the Employee’s employment had not been terminated.

Appears in 1 contract

Samples: Severance and Change of Control Agreement (Regency Centers Corp)

Retirement and Performance Shares. If the Employee’s 's termination of employment constitutes a Qualifying Retirement, the Employee shall receive the benefits provided in Section 4(b) with respect to unvested stock options, restricted stock and stock rights awards (other than performance shares). Notwithstanding anything to the contrary in any related plan or award agreement, the Employee shall be entitled to exercise all vested stock options until the earlier of (a) three years after the date of Qualifying Retirement, and (b) the original terms of the options. Upon Retirement or Qualifying Retirement, the Employee shall continue to have the right to earn unvested performance shares upon the achievement of the applicable performance goals over any remaining performance period, as if the Employee’s 's employment had not been terminated.

Appears in 1 contract

Samples: Severance and Change of Control Agreement (Regency Centers Corp)

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Retirement and Performance Shares. If the Employee’s termination of employment constitutes a Qualifying Retirement, the Employee shall receive the benefits provided in Section 4(b) or 4(c) with respect to unvested stock options, restricted stock and stock rights awards (other than performance shares). Notwithstanding anything to the contrary in any related plan or award agreement, the Employee shall be entitled to exercise all vested stock options until the earlier of (a) three years after the date of Qualifying Retirement, and (b) the original terms of the options. Upon Retirement or Qualifying Retirement, the Employee shall continue to have the right to earn unvested performance shares upon the achievement of the applicable performance goals over any remaining performance period, as if the Employee’s employment had not been terminated.

Appears in 1 contract

Samples: Severance and Change of Control Agreement (Regency Centers Corp)

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