Common use of Retirement by Executive Clause in Contracts

Retirement by Executive. In the event the Executive terminates this Agreement as a result of Executive’s separation from employment for reasons other than under paragraph 6.1.2 of this Agreement, the Executive will be eligible for accelerated vesting of unvested Equity Compensation awarded by the Company in accordance with the Retirement Matrix attached to this Agreement. Supplemental Matching Contributions to the Chesapeake Energy Corporation 401(k) Make-Up Plan will vest in accordance with the terms of the Plan and not in accordance with the Retirement Matrix.

Appears in 4 contracts

Samples: Employment Agreement (Chesapeake Energy Corp), Employment Agreement (Chesapeake Energy Corp), Employment Agreement (Chesapeake Energy Corp)

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Retirement by Executive. In the event the Executive terminates this Agreement as a result of Executive’s separation from employment for reasons other than under paragraph 6.1.2 of this Agreement, the Executive will be eligible for accelerated vesting of unvested Equity Compensation awarded by the Company Company, with the exception of Equity Compensation awarded under the 2006 Long Term Stock Incentive Program, in accordance with the Retirement Matrix attached to this Agreement. Supplemental Matching Contributions to the Chesapeake Energy Corporation 401(k) Make-Up Plan will vest in accordance with the terms of the Plan and not in accordance with the Retirement Matrix.

Appears in 2 contracts

Samples: Employment Agreement (Chesapeake Energy Corp), Employment Agreement (Chesapeake Energy Corp)

Retirement by Executive. In the event the Executive terminates this Agreement as a result of Executive’s separation from employment for reasons other than under paragraph 6.1.2 of this Agreement, the Executive will be eligible for accelerated vesting of (a) unvested Equity Compensation awarded by the Company in accordance with the Retirement Matrix attached exception of any Equity Compensation issued to this Agreement. the Executive under the 2006 Long Term Stock Incentive Program award; and (b) Supplemental Matching Contributions to the Chesapeake Energy Corporation 401(k401 (k) Make-Up Plan will vest Plan. Such acceleration of vesting shall be in accordance with the terms of retirement matrix (the Plan and not in accordance with the Retirement Matrix”) attached to this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Chesapeake Midstream Partners, L.P.)

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Retirement by Executive. In the event the Executive terminates this Agreement as a result of Executive’s 's separation from employment for reasons other than under paragraph 6.1.2 of this Agreement, the Executive will be eligible for accelerated vesting of unvested Equity Compensation awarded by the Company Company, except Equity Compensation awarded under the 2006 Long Term Stock Incentive Program, in accordance with the Retirement Matrix attached to this Agreement. Supplemental Matching Contributions to the Chesapeake Energy Corporation 401(k) Make-Up Plan will vest in accordance with the terms of the Plan and not in accordance with the Retirement Matrix.

Appears in 1 contract

Samples: Employment Agreement (Chesapeake Energy Corp)

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