Common use of Retirement at or after Attainment of Age 66 Clause in Contracts

Retirement at or after Attainment of Age 66. If the Employee terminates employment with the Employers and Affiliates on or after January 1, 2021 but prior to the Three-Year Anniversary Date by reason of retirement at or after attainment of age 66, then on the date of the Employee’s termination of employment the Award (after the adjustment set forth in Section 2) shall become nonforfeitable and the Restriction Period with respect to the Award shall terminate. The Company shall issue the shares of Common Stock subject to the Award in a single payment within seventy (70) days following the date of the Employee’s termination of employment; provided, however, that if the Award is subject to section 409A of the Code, and if the Employee is a Specified Employee as of the date of his or her termination of employment, then such payment shall be delayed until and made during the seventh calendar month following the calendar month during which the Employee’s termination of employment occurs (or, if earlier, the calendar month following the calendar month of the Employee’s death). If the Employee has a termination of employment prior to January 1, 2021 by reason of retirement at or after attainment of age 66, then on the date of the Employee’s termination of employment the Award shall be forfeited and shall be canceled by the Company.

Retirement at or after Attainment of Age 66. If the Employee terminates employment with the Employers and Affiliates on or after January 1, 2021 2024 but prior to the Three-Year Anniversary applicable Vesting Date by reason of retirement at or after attainment of age 66, then on the date of the Employee’s termination of employment the portion of the Award (after the adjustment set forth in Section 2) outstanding at that time shall become nonforfeitable and the Restriction Period with respect to such portion of the Award shall terminate. The Company shall issue the shares of Common Stock subject to the Award at that time in a single payment within seventy sixty (7060) days following the date of the Employee’s termination of employment; provided, however, that if the Award is subject to section 409A of the Code, and if the Employee is a Specified Employee as of the date of his or her termination of employment, then such payment shall be delayed until and made during the seventh calendar month following the calendar month during which the Employee’s termination of employment occurs (or, if earlier, the calendar month following the calendar month of the Employee’s death). If the Employee has a termination of terminates employment with the Employers and Affiliates prior to January 1, 2021 2024 by reason of retirement at or after attainment of age 66, then on the date of the Employee’s termination of employment the Award (to the extent then outstanding) shall be forfeited and shall be canceled by the Company.

Retirement at or after Attainment of Age 66. If the Employee terminates employment with the Employers and Affiliates has a Separation from Service on or after January 1, 2021 <<YEAR FOLLOWING YEAR OF GRANT>> but prior to the Three-Year Anniversary Date by reason of retirement at or after attainment of age 66, then on the date of the Employee’s termination of employment Separation from Service the Award (after the adjustment set forth in Section 2) shall become nonforfeitable and the Restriction Period with respect to the Award shall terminate. The Company shall issue the shares of Common Stock subject to the Award in a single payment within seventy sixty (7060) days following the date of the Employee’s termination of employmentSeparation from Service; provided, however, that if the Award is subject to section 409A of the Code, and if the Employee is a Specified Employee as of the date of his or her termination of employmentSeparation from Service, then such payment shall be delayed until and made during the seventh calendar month following the calendar month during which the Employee’s termination of employment Separation from Service occurs (or, if earlier, the calendar month following the calendar month of the Employee’s death). If the Employee has a termination of employment Separation from Service prior to January 1, 2021 <<YEAR FOLLOWING YEAR OF GRANT>> by reason of retirement at or after attainment of age 66, then on the date of the Employee’s termination of employment Separation from Service the Award shall be forfeited and shall be canceled by the Company.

Retirement at or after Attainment of Age 66. If the Employee terminates employment with the Employers and Affiliates has a Separation from Service on or after January 1, 2021 2018 but prior to the Three-Year Anniversary Date by reason of retirement at or after attainment of age 66, then on the date of the Employee’s termination of employment Separation from Service the Award (after the adjustment set forth in Section 2) shall become nonforfeitable and the Restriction Period with respect to the Award shall terminate. The Company shall issue the shares of Common Stock subject to the Award in a single payment within seventy (70) days following the date of the Employee’s termination of employmentSeparation from Service; provided, however, that if the Award is subject to section 409A of the Code, and if the Employee is a Specified Employee as of the date of his or her termination of employmentSeparation from Service, then such payment shall be delayed until and made during the seventh calendar month following the calendar month during which the Employee’s termination of employment Separation from Service occurs (or, if earlier, the calendar month following the calendar month of the Employee’s death). If the Employee has a termination of employment Separation from Service prior to January 1, 2021 2018 by reason of retirement at or after attainment of age 66, then on the date of the Employee’s termination of employment Separation from Service the Award shall be forfeited and shall be canceled by the Company.

Retirement at or after Attainment of Age 66. If the Employee terminates employment with the Employers and Affiliates has a Separation from Service on or after January 1, 2021 2020 but prior to the Three-Year Anniversary Date by reason of retirement at or after attainment of age 66, then on the date of the Employee’s termination of employment Separation from Service the Award (after the adjustment set forth in Section 2) shall become nonforfeitable and the Restriction Period with respect to the Award shall terminate. The Company shall issue the shares of Common Stock subject to the Award in a single payment within seventy (70) days following the date of the Employee’s termination of employmentSeparation from Service; provided, however, that if the Award is subject to section 409A of the Code, and if the Employee is a Specified Employee as of the date of his or her termination of employmentSeparation from Service, then such payment shall be delayed until and made during the seventh calendar month following the calendar month during which the Employee’s termination of employment Separation from Service occurs (or, if earlier, the calendar month following the calendar month of the Employee’s death). If the Employee has a termination of employment prior to January 1, 2021 by reason of retirement at or after attainment of age 66, then on the date of the Employee’s termination of employment the Award shall be forfeited and shall be canceled by the Company.

Retirement at or after Attainment of Age 66. If the Employee terminates employment with the Employers and Affiliates has a Separation from Service on or after January 1, 2021 2019 but prior to the Three-Year Anniversary Date by reason of retirement at or after attainment of age 66, then on the date of the Employee’s termination of employment Separation from Service the Award (after the adjustment set forth in Section 2) shall become nonforfeitable and the Restriction Period with respect to the Award shall terminate. The Company shall issue the shares of Common Stock subject to the Award in a single payment within seventy (70) days following the date of the Employee’s termination of employmentSeparation from Service; provided, however, that if the Award is subject to section 409A of the Code, and if the Employee is a Specified Employee as of the date of his or her termination of employmentSeparation from Service, then such payment shall be delayed until and made during the seventh calendar month following the calendar month during which the Employee’s termination of employment Separation from Service occurs (or, if earlier, the calendar month following the calendar month of the Employee’s death). If the Employee has a termination of employment prior to January 1, 2021 by reason of retirement at or after attainment of age 66, then on the date of the Employee’s termination of employment the Award shall be forfeited and shall be canceled by the Company.

Retirement at or after Attainment of Age 66. If the Employee terminates employment with the Employers and Affiliates on or after January 1, 2021 <DATE> but prior to the Three-Year Anniversary Date by reason of retirement at or after attainment of age 66, then on the date of the Employee’s termination of employment the Award (after the adjustment set forth in Section 2) shall become nonforfeitable and the Restriction Period with respect to the Award shall terminate. The Company shall issue the shares of Common Stock subject to the Award in a single payment within seventy sixty (7060) days following the date of the Employee’s termination of employment; provided, however, that if the Award is subject to section 409A of the Code, and if the Employee is a Specified Employee as of the date of his or her termination of employment, then such payment shall be delayed until and made during the seventh calendar month following the calendar month during which the Employee’s termination of employment occurs (or, if earlier, the calendar month following the calendar month of the Employee’s death). If the Employee has a termination of terminates employment prior to January 1, 2021 <DATE> by reason of retirement at or after attainment of age 66, then on the date of the Employee’s termination of employment the Award shall be forfeited and shall be canceled by the Company.