Common use of Retirement Eligibility Clause in Contracts

Retirement Eligibility. If, on or after the first anniversary of the Grant Date (and prior to the Vesting Date), the Grantee attains age 60 and completes 5 years of continuous employment with the Company and its Affiliates, then the Option shall vest and become immediately exercisable as of such date (the latter of attainment of age 60 and completion of 5 years of continuous employment) and shall remain exercisable until the Expiration Date.

Appears in 3 contracts

Samples: Equity Grant Agreement (General Electric Co), Equity Grant Agreement (General Electric Co), Equity Grant Agreement (General Electric Co)

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Retirement Eligibility. If, on or after the first anniversary of the Grant Date (and prior to the Vesting Date), the Grantee attains age 60 and completes 5 years of continuous employment with the Company and its Affiliates, then the Option employment criteria shall vest and become immediately exercisable as of such date (the latter of attainment of age 60 and completion of 5 years of continuous employment) and shall remain exercisable until the Expiration Datebe deemed satisfied.

Appears in 3 contracts

Samples: Equity Grant Agreement (General Electric Co), Equity Grant Agreement (General Electric Co), Equity Grant Agreement (General Electric Co)

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