Common use of Retirement-Eligible Grantee Clause in Contracts

Retirement-Eligible Grantee. If the Grantee is eligible for Retirement as of the Grant Date, the Restricted Stock Units shall vest in substantially equal installments on each of the quarterly anniversaries of the Grant Date during the period beginning on the Grant Date and ending on the third anniversary of the Grant Date, conditioned upon the Grantee’s continuous employment with the Company or a Subsidiary through each such date.

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (Peabody Energy Corp), Restricted Stock Unit Agreement (Peabody Energy Corp)

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Retirement-Eligible Grantee. If the Grantee is eligible for Retirement as of the Grant Date, the Restricted Stock Units shall vest in substantially equal whole number installments on each of (i) the first eight quarterly anniversaries of the Grant Date during the period beginning on the Grant Date and ending on the third anniversary of the Grant DateJanuary 2, 2022 plus (ii) January 2, 2022, conditioned upon the Grantee’s continuous employment with the Company or a Subsidiary through each such date.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Peabody Energy Corp)

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Retirement-Eligible Grantee. If the Grantee is eligible for Retirement as of the Grant Date, the Restricted Stock Units shall vest in substantially equal installments on installments, each of the quarterly anniversaries of the Grant Date during the period beginning on the Grant Date and ending on the third anniversary of the Grant DateJanuary 2, 2022, conditioned upon the Grantee’s continuous employment with the Company or a Subsidiary through each such date.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Peabody Energy Corp)

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