Common use of Retirement; Death; Disability Clause in Contracts

Retirement; Death; Disability. Except as otherwise provided below (including Section 12), in the event the Grantee’s Service is terminated (i) following the Retirement Vesting Date due to the Grantee’s Retirement; (ii) due to the Grantee’s death, or (iii) by reason of Grantee’s Disability, the number of Shares eligible to vest shall be the number determined in accordance with Section 2 above. For the avoidance of any doubt, the Award shall be forfeited in the event the Grantee’s Service is terminated prior to the Retirement Vesting Date due to the Grantee’s Retirement.

Appears in 3 contracts

Samples: ELI LILLY & Co, ELI LILLY & Co, ELI LILLY & Co

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Retirement; Death; Disability. Except as otherwise provided below (including Section 12), in the event the Grantee’s Service is terminated (i) on or following the Retirement Vesting Date due to the Grantee’s Retirement; , (ii) due to the Grantee’s death, or (iii) by reason of Grantee’s Disability, the number of Shares eligible to vest shall be the number determined in accordance with Section 2 above. For the avoidance of any doubt, the Award shall be forfeited in the event the Grantee’s Service is terminated prior to the Retirement Vesting Date due to the Grantee’s Retirement.

Appears in 2 contracts

Samples: ELI LILLY & Co, ELI LILLY & Co

Retirement; Death; Disability. Except as otherwise provided below (including Section 12), in the event the Grantee’s Service is terminated (i) on or following the Retirement Vesting Date due to the Grantee’s Retirement; , (ii) due to the Grantee’s death, or (iii) by reason of Grantee’s Disability, the number of Shares eligible to vest shall be the number determined in accordance with Section 2 above. For the avoidance of any doubt, the Award shall be forfeited in the event the Grantee’s Service is terminated prior to the Retirement Vesting Date due to the Grantee’s Retirement.. Xxx Xxxxx and Company Shareholder Value Award Agreement (Executive Officer)

Appears in 1 contract

Samples: Award Agreement (ELI LILLY & Co)

Retirement; Death; Disability. Except as otherwise provided below (including Section 12)below, in the event the Grantee’s Service is terminated (i) on or following the Retirement Vesting Xxx Xxxxx and Company Shareholder Value Award Agreement Date due to the Grantee’s Retirement; , (ii) due to the Grantee’s death, or (iiiii) by reason of Grantee’s Disability, the number of Shares eligible to vest shall be the number determined in accordance with Section 2 above. For the avoidance of any doubt, the Award shall be forfeited in the event the Grantee’s Service is terminated prior to the Retirement Vesting Date due to the Grantee’s Retirement.

Appears in 1 contract

Samples: Award Agreement (ELI LILLY & Co)

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Retirement; Death; Disability. Except as otherwise provided below (including Section 12)below, in the event the Grantee’s Service is terminated (i) on or following the Retirement Vesting Date due to the Grantee’s Retirement; , (ii) due to the Grantee’s death, or (iiiii) by reason of GranteeXxxxxxx’s Disability, the number of Shares eligible to vest shall be the number determined in accordance with Section 2 above. For the avoidance of any doubt, the Award shall be forfeited in the event the Grantee’s Service is terminated prior to the Retirement Vesting Date due to the Grantee’s Retirement.

Appears in 1 contract

Samples: Performance Award Agreement (ELI LILLY & Co)

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