Retirement by Executive. In the event the Executive is fifty-five (55) years or older and terminates this Agreement under paragraph 6.2 of this Agreement, the Executive will be (a) eligible for accelerated vesting of the unvested Equity Compensation awarded by the Company with the exception of any Equity Compensation issued to the Executive under the 2006 Long Term Stock Incentive Program award; and (b) eligible for accelerated vesting of the unvested Supplemental Matching Contributions to the 401(k) Make-Up Plan. The accelerated vesting under clauses (a) and (b) of this paragraph will be in accordance with the retirement matrix (the "Retirement Matrix") attached to this Agreement.
Appears in 4 contracts
Samples: Employment Agreement (Chesapeake Energy Corp), Employment Agreement (Chesapeake Energy Corp), Employment Agreement (Chesapeake Energy Corp)
Retirement by Executive. In the event the Executive is fifty-fifty- five (55) years or older and terminates this Agreement under paragraph 6.2 of this Agreement, the Executive will be (a) eligible for accelerated vesting of the unvested Equity Compensation awarded by the Company with the exception of any Equity Compensation issued to the Executive under the 2006 Long Term Stock Incentive Program award; and (b) eligible for accelerated vesting of the unvested Supplemental Matching Contributions to the 401(k) Make-Up Plan. The accelerated vesting under clauses (a) and (b) of this paragraph will be in accordance with the retirement matrix (the "“Retirement Matrix"”) attached to this Agreement.
Appears in 3 contracts
Samples: Amended And (Chesapeake Midstream Partners Lp), Employment Agreement (Chesapeake Energy Corp), Employment Agreement (Chesapeake Energy Corp)
Retirement by Executive. In the event the Executive is fifty-fifty- five (55) years or older and terminates this Agreement under paragraph 6.2 of this Agreement, the Executive will be (a) eligible for accelerated vesting of the unvested Equity Compensation awarded by the Company with the exception of any Equity Compensation issued to the Executive under the 2006 Long Term Stock Incentive Program awardCompany; and (b) eligible for accelerated vesting of the unvested Supplemental Matching Contributions to the 401(k) Make-Up Plan. The accelerated vesting under clauses (a) and (b) of this paragraph will be in accordance with the retirement matrix (the "“Retirement Matrix"”) attached to this Agreement.
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