Retirement at or after Attainment of Age 66. If the Employee terminates employment with the Employers and Affiliates on or after January 1, 2024 but prior to the 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 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 sixty (60) 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 terminates employment with the Employers and Affiliates prior to January 1, 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.
Appears in 2 contracts
Samples: Restricted Stock Unit Award Agreement (Telephone & Data Systems Inc /De/), Restricted Stock Unit Award Agreement (United States Cellular Corp)
Retirement at or after Attainment of Age 66. If the Employee terminates employment with the Employers and Affiliates on or after January 1, 2024 2022 but prior to the applicable Vesting 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 portion Award (in the case of such retirement prior to the Award outstanding at that time Certification Date, without regard to the adjustment set forth in Section 2, and in the case of such retirement on or following the Certification Date, after the adjustment set forth in Section 2) 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 sixty (60) 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 terminates has a termination of employment with the Employers and Affiliates prior to January 1, 2024 2022 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.
Appears in 2 contracts
Samples: Performance Award Agreement (United States Cellular Corp), Performance Award Agreement (United States Cellular Corp)
Retirement at or after Attainment of Age 66. If the Employee terminates employment with the Employers and Affiliates on or after January 1, 2024 2021 but prior to the applicable Vesting 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 portion of Award (after the Award outstanding at that time adjustment set forth in Section 2) 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 sixty seventy (6070) 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 terminates has a termination of employment with the Employers and Affiliates prior to January 1, 2024 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 (to the extent then outstanding) shall be forfeited and shall be canceled by the Company.
Appears in 2 contracts
Samples: Performance Award Agreement (United States Cellular Corp), Performance Award Agreement (United States Cellular Corp)
Retirement at or after Attainment of Age 66. If the Employee terminates employment with the Employers and Affiliates on or after January 1, 2024 <DATE> but prior to the applicable Vesting 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 portion of the Award 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 sixty (60) 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 terminates employment with the Employers and Affiliates prior to January 1, 2024 <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 (to the extent then outstanding) shall be forfeited and shall be canceled by the Company.
Appears in 1 contract
Samples: Restricted Stock Unit Award Agreement (United States Cellular Corp)
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, 2024 2020 but prior to the applicable Vesting 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 portion of Separation from Service the Award outstanding at that time (after the adjustment set forth in Section 2) 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 sixty seventy (6070) 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 terminates employment with the Employers and Affiliates prior to January 1, 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.
Appears in 1 contract
Samples: Performance Award Agreement (United States Cellular Corp)
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, 2024 2019 but prior to the applicable Vesting 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 portion of Separation from Service the Award outstanding at that time (after the adjustment set forth in Section 2) 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 sixty seventy (6070) 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 terminates employment with the Employers and Affiliates has a Separation from Service prior to January 1, 2024 2019 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 (to the extent then outstanding) shall be forfeited and shall be canceled by the Company.
Appears in 1 contract
Samples: Performance Award Agreement (United States Cellular Corp)
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, 2024 2019 but prior to the applicable Vesting 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 portion of Separation from Service the Award outstanding at that time (after the adjustment set forth in Section 2) 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 sixty seventy (6070) 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 terminates employment with the Employers and Affiliates prior to January 1, 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.
Appears in 1 contract
Samples: Performance Award Agreement (United States Cellular Corp)
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, 2024 2018 but prior to the applicable Vesting 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 portion of Separation from Service the Award outstanding at that time (after the adjustment set forth in Section 2) 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 sixty seventy (6070) 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 terminates employment with the Employers and Affiliates has a Separation from Service prior to January 1, 2024 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 (to the extent then outstanding) shall be forfeited and shall be canceled by the Company.
Appears in 1 contract
Samples: Performance Award Agreement (United States Cellular Corp)
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, 2024 2020 but prior to the applicable Vesting 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 portion of Separation from Service the Award outstanding at that time (after the adjustment set forth in Section 2) 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 sixty seventy (6070) 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 terminates employment with the Employers and Affiliates has a Separation from Service prior to January 1, 2024 2020 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 (to the extent then outstanding) shall be forfeited and shall be canceled by the Company.
Appears in 1 contract
Samples: Performance Award Agreement (United States Cellular Corp)
Retirement at or after Attainment of Age 66. If the Employee terminates employment with the Employers and Affiliates on or after January 1, 2024 but prior to the applicable Vesting Release 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 Award (in the case of such retirement prior to the Award outstanding at that time Certification Date, without regard to the adjustment set forth in Section 2, and in the case of such retirement on or following the Certification Date, after the adjustment set forth in Section 2) 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 sixty (60) 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 terminates employment with the Employers and Affiliates prior to January 1, 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.
Appears in 1 contract
Samples: Performance Award Agreement (United States Cellular Corp)