Common use of Retirement; Involuntary Termination Without Cause Clause in Contracts

Retirement; Involuntary Termination Without Cause. Upon the Grantee’s Retirement or Involuntary Termination Without Cause following the end of the Measurement Period and prior to the fourth year anniversary of the Grant Date, then in lieu of vesting under Section 3(b)(1) above, the Grantee shall vest in the Performance RSUs tentatively earned under Section 3(a) at the rate of one forty-eighth (1/48th) of such Performance RSUs for each full month of employment with the Company (or a Subsidiary or Affiliate of the Company) completed by the Grantee following the Grant Date and prior to Retirement or Involuntary Termination Without Cause, less the number, if any, of Performance RSUs that previously vested under Section 3(b)(1) above.

Appears in 3 contracts

Samples: Performance Restricted Stock Unit Grant Agreement (Caci International Inc /De/), Performance Restricted Stock Unit Grant Agreement (Caci International Inc /De/), Performance Restricted Stock Unit Grant Agreement (Caci International Inc /De/)

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Retirement; Involuntary Termination Without Cause. Upon the Grantee’s Retirement or Involuntary Termination Without Cause of a Grantee following the end of the Measurement Period and prior to the fourth year anniversary of the Grant Date, then in lieu of vesting under Section Subsection 3(b)(1) above, the Grantee shall vest in the Performance RSUs tentatively earned under Section Subsection 3(a) at the rate of one forty-eighth (( 1/48th) of such Performance RSUs for each full month of full-time employment with the Company (or a Subsidiary or Affiliate of the Company) completed by the Grantee following the Grant Date and prior to Retirement or Involuntary Termination Without CauseDate, less the number, if any, of Performance RSUs that previously vested under Section Subsection 3(b)(1) above.

Appears in 2 contracts

Samples: Performance Rsu Grant Agreement, Performance Rsu Grant Agreement (Caci International Inc /De/)

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Retirement; Involuntary Termination Without Cause. Upon the Grantee’s Retirement or Involuntary Termination Without Cause of a Grantee following the end of the Measurement Period and prior to the fourth year anniversary of the Grant Date, then in lieu of vesting under Section Subsection 3(b)(1) above, the Grantee shall vest in the Performance RSUs tentatively earned under Section Subsection 3(a) at the rate of one forty-eighth (1/48th) of such Performance RSUs for each full month of full-time employment with the Company (or a Subsidiary or Affiliate of the Company) completed by the Grantee following the Grant Date and prior to Retirement or Involuntary Termination Without CauseDate, less the number, if any, of Performance RSUs that previously vested under Section Subsection 3(b)(1) above.

Appears in 1 contract

Samples: Performance Rsu Grant Agreement (Caci International Inc /De/)

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