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 employment criteria shall be deemed satisfied.
Appears in 3 contracts
Samples: Performance Stock Unit Grant Agreement (General Electric Co), Performance Stock Unit Grant Agreement (General Electric Co), General Electric Co
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 employment criteria Option shall be deemed satisfiedvest 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: Grant Agreement (General Electric Co), Stock Option Grant Agreement (General Electric Co), Stock Option Grant Agreement (General Electric Co)
