Retirement on or After Age 62, Death or Total Disability. If the Participant’s employment terminates by reason of the Participant’s Retirement after attaining at least age 62, death or Total Disability (as defined below), then: (i) the Options shall become fully vested on the Participant’s last day of active employment with the Company (which, for purposes of Total Disability, means the effective date of Total Disability); (ii) the Options shall continue to become exercisable in accordance with Paragraph A.2 of this Agreement, with no change in the earliest date of exercise as a result of the vesting provided by this subparagraph 4(c); and (iii) the Options may be exercised by the Participant’s legal representative (or any person to whom the Options may be transferred by will or the applicable laws of descent and distribution), in the event of death, or the Participant, in the event of Retirement or Total Disability, prior to the Expiration Date in accordance with this Agreement.
Retirement on or After Age 62, Death or Total Disability. If the Participant’s employment terminates by reason of the Participant’s Retirement after attaining at least age 62, death or Total Disability, then the RSUs shall become fully vested on the Participant’s last day of active employment with the Company (which, for purposes of Total Disability, means the effective date of Total Disability) and will be paid as soon as practicable after that date, net of any RSUs previously paid out.
Retirement on or After Age 62, Death or Total Disability. If the Participant’s employment terminates by reason of the Participant’s Retirement after attaining at least age 62, death or Total Disability (as defined below), then the Performance Stock Units granted hereunder shall become fully vested on the Participant’s last day of active employment with the Company (which, for purposes of Total Disability, means the effective date of Total Disability). All such vested Performance Stock Units shall remain subject to the earning and forfeiture provisions of Paragraphs B.2 and B.3, except that, in the case of death or Total Disability, payment of each one half of the Performance Stock Units granted hereunder will be made within fourteen (14) days after the Committee’s right to exercise discretion with respect to such one half expires in accordance with Paragraph B.3(c).
