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

Retirement; Involuntary Termination Without Cause. If the Grantee incurs a Separation from Service during the Second Year due to Retirement or Involuntary Termination Without Cause, the Grantee shall vest, on the date of Separation from Service, in any Performance RSUs tentatively earned under Sections 3(a)(1), 3(a)(2), and 3(a)(3) 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; provided, however, that the sum of the Second Year At Risk RSUs and Third Year At Risk RSUs shall be used in place of the Second Year At Risk RSUs.

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. If Upon the Grantee incurs a Separation from Service during the Second Year due to Grantee’s Retirement or Involuntary Termination Without CauseCause 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, on vest in the date of Separation from Service, in any Performance RSUs tentatively earned under Sections 3(a)(1), 3(a)(2), and 3(a)(3Section 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; provided, howeverless the number, if any, of Performance RSUs that the sum of the Second Year At Risk RSUs and Third Year At Risk RSUs shall be used in place of the Second Year At Risk RSUspreviously 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/)

Retirement; Involuntary Termination Without Cause. If Upon the Grantee incurs a Separation from Service during the Second Year due to Retirement or Involuntary Termination Without CauseCause of a Grantee following the end of the Measurement Period and prior to the fourth anniversary of the Grant Date, then in lieu of vesting under Subsection 3(b)(1) above, the Grantee shall vest, on vest in the date of Separation from Service, in any Performance RSUs tentatively earned under Sections 3(a)(1), 3(a)(2), and 3(a)(3Subsection 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 Cause; providedDate, howeverless the number, if any, of Performance RSUs that the sum of the Second Year At Risk RSUs and Third Year At Risk RSUs shall be used in place of the Second Year At Risk RSUspreviously vested under Subsection 3(b)(1) above.

Appears in 2 contracts

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

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Retirement; Involuntary Termination Without Cause. If Upon the Grantee incurs a Separation from Service during the Second Year due to Retirement or Involuntary Termination Without CauseCause of a Grantee following the end of the Measurement Period and prior to the fourth anniversary of the Grant Date, then in lieu of vesting under Subsection 3(b)(1) above, the Grantee shall vest, on vest in the date of Separation from Service, in any Performance RSUs tentatively earned under Sections 3(a)(1), 3(a)(2), and 3(a)(3Subsection 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 Cause; providedDate, howeverless the number, if any, of Performance RSUs that the sum of the Second Year At Risk RSUs and Third Year At Risk RSUs shall be used in place of the Second Year At Risk RSUspreviously vested under Subsection 3(b)(1) above.

Appears in 1 contract

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

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