Retirement; Disability. If the Participant’s employment is terminated due to Retirement or Disability, the Participant’s RSUs shall continue to vest in accordance with Section 5(a) as though the Participant was still employed by the Company on each applicable vesting date, provided, however, that the Participant (A) does not engage in any Detrimental Activity and (B) does not become employed by any company in the financial services industry, in each case, during the Participant’s post-employment vesting period.
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Samples: Restricted Stock Unit Award Agreement Terms and Conditions (Citizens Financial Group Inc/Ri), Restricted Stock Unit Award Agreement (Citizens Financial Group Inc/Ri), Restricted Stock Unit Award Agreement Terms and Conditions (Citizens Financial Group Inc/Ri)
Retirement; Disability. If the Participant’s employment is terminated due to Retirement or Disability, the Participant’s RSUs shall continue to vest in accordance with Section 5(a) as though the Participant was still employed by the Company on each applicable vesting date, provided, however, that the Participant (A) does not engage in any Detrimental Activity and (B) does not become employed by any company in the financial services industry, in each case, during the Participant’s post-employment vesting period.. [Retirement treatment not applicable for retention awards]
Appears in 1 contract
Samples: Restricted Stock Unit Award Agreement Terms and Conditions (Citizens Financial Group Inc/Ri)
Retirement; Disability. If the Participant’s employment is terminated due to Retirement or Disability, the Participant’s RSUs shall continue to vest in accordance with Section 5(a) as though the Participant was still employed by the Company on each applicable vesting date, provided, however, that the Participant (A) does not engage in any Detrimental Activity and (B) does not become employed by any company in the financial services industry, in each case, during the Participant’s post-employment vesting period. [Retirement treatment only applicable to annual awards and buy-out awards.]
Appears in 1 contract
Samples: Restricted Stock Unit Award Agreement Terms and Conditions (Citizens Financial Group Inc/Ri)