Retirement of Employee. If the Employee’s employment with the Company is terminated due to retirement (as determined by the Board), the Restricted Stock Award will immediately vest.
Retirement of Employee. If the Employee's employment is terminated due to retirement, the unexercisable portion of the Option held by the Employee on the date of the Employee's retirement shall immediately be forfeited by the Employee as of such date, and the exercisable portion of the Option held by the Employee on such date shall remain exercisable until the earlier of (i) the end of the 90-day period following the date of the Employee's retirement, or (ii) the date the Option would otherwise expire.
Retirement of Employee. In the event that the Employee incurs a Termination of Service due to his or her Retirement, the Performance Shares subject to this Performance Share award shall vest on the date of the Employee’s Retirement as follows: [INSERT DESCRIPTION OF VESTING CONDITIONS] In the event that any applicable law limits the Company’s ability to accelerate the vesting of this award of Performance Shares, this paragraph 4(c) shall be limited to the extent required to comply with applicable law.
Retirement of Employee. If the Employee’s employment with the Company is terminated due to retirement (as determined by the Board) during the Performance Cycle, he or she will receive the Target Number of Performance Shares set forth in this Agreement within thirty (30) days of his or her retirement.
Retirement of Employee. If the employment of the Employee with the Company and its Subsidiaries shall terminate as a result of his retirement on or after his sixty-fifth (65th) birthday, then the Option may be exercised in full by the Employee (or in the event of the Employee’s subsequent death, the Employee’s Successor) at any time during the remaining term of the Option.
Retirement of Employee. In the event that the Employee incurs a Termination of Service due to his or her Retirement during a Performance Period, the Employee shall immediately vest as to the number of Performance Shares determined by (i) multiplying the Target Number of Performance Shares by the percentage determined by dividing the number of days that have elapsed following the Grant Date to the date of the Employee’s Retirement by 1095 and (ii) subtracting the number of vested Performance Shares. In the event that any applicable law limits the Company’s ability to accelerate the vesting of this award of Performance Shares, this paragraph 4(c) shall be limited to the extent required to comply with applicable law.
Retirement of Employee. If the employment of the Employee terminates by reason of retirement entitling the Employee to benefits under the provisions of any retirement plan of the Company or a subsidiary in which the Employee participates (or, if no such plans exist, at or after age sixty-five (65)), the Award may be exercised by the Employee (to the extent that he was entitled to do so at the time of his retirement) at any time within ninety (90) days after the date on which his employment terminated, but not beyond the original Term of the Award.
Retirement of Employee. If the Employee’s employment with the Company is terminated due to retirement (as determined by the Board), unvested SARS will immediately vest and he or she will have one year from the date of termination to exercise all SARS, provided that the exercise occurs within the remaining Term. Any portion of the SARs not exercised within the one year period shall terminate.
Retirement of Employee. In the event that the Employee incurs a Termination of Service due to his or her Retirement, the Employee shall immediately vest as to the number of Restricted Stock Units determined by [INSERT DESCRIPTION OF VESTING CONDITIONS]. In the event that any applicable law limits the Company’s ability to accelerate the vesting of this award of Restricted Stock Units, this paragraph 4(c) shall be limited to the extent required to comply with applicable law.
Retirement of Employee. If the Employee’s employment with the Company is terminated due to retirement (as determined by the Board), the unvested Stock Option will immediately vest and he or she will have one year from the date of termination to exercise all the Stock Option, provided that the exercise occurs within the remaining Option Term. Any portion of the Stock Option not exercised within the one year period shall terminate.
