Retirement on or Before the Third Anniversary of the Date of Grant Sample Clauses

Retirement on or Before the Third Anniversary of the Date of Grant. If the Grantee’s Retirement occurs on or before the third (3rd) anniversary of the Date of Grant, the PSUs that become Awarded PSUs in accordance with the terms and conditions of this Agreement will become payable on the second (2nd) anniversary of the Grantee’s Retirement, provided that the Grantee is in Good Standing with the Company as of the date of such payment. For purposes of Awarded PSUs subject to this Section 5(b), the date of the second (2nd) anniversary of the Grantee’s Retirement is referred to in this Agreement as the “Retirement Payout Date.” If the awarding of a Tranche occurs after the Retirement Payout Date, the Grantee will be entitled to payment of the Awarded PSUs in the Tranche as soon as administratively practicable after such awarding, but no later than the end of the Determination Period, provided that the Grantee is in Good Standing with the Company as of the date of such payment. If at any time after the Grantee’s Retirement the Grantee is not in Good Standing with the Company, one hundred percent (100%) of the outstanding Awarded PSUs will be forfeited immediately. In the event of the Grantee’s death prior to payment of the PSUs subject to this Section 5(b):
Sample 1
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Retirement on or Before the Third Anniversary of the Date of Grant. PSUs that become payable in accordance with Section 5(b) of this Agreement due to the Grantee’s Retirement on or before the third (3rd) anniversary of the Date of Grant, will be settled on or as soon as administratively practicable (and no later than thirty (30) days) after the Retirement Payout Date specified in Section 5(b) of this Agreement, subject to Section 12 of this Agreement (including without limitation the requirement to delay settlement for six (6) months).
Sample 1
Retirement on or Before the Third Anniversary of the Date of Grant. If the Grantee’s Retirement occurs on or before the third anniversary of the Date of Grant, the RSUs will become payable on the second (2nd) anniversary of the Grantee’s Retirement, provided that the Grantee is in Good Standing with the Company as of the date of such payment. For purposes of RSUs subject to this Section 4(b), the date of the second (2nd) anniversary of the Grantee’s Retirement is referred to in this Agreement as the “Retirement Payout Date.” If at any time after the Grantee’s Retirement the Grantee is not in Good Standing with the Company, one hundred percent (100%) of the RSUs will be forfeited immediately. In the event of the Grantee’s death prior to payment of the RSUs subject to this Section 4(b), one hundred percent (100%) of the RSUs will be payable on the date of the Grantee’s death.
Sample 1
Retirement on or Before the Third Anniversary of the Date of Grant. RSUs that become payable in accordance with Section 4(b) of this Agreement due to the Grantee’s Retirement on or before the third (3rd) anniversary of the Date of Grant, will be settled on or as soon as administratively practicable (and no later than thirty (30) days) after the Retirement Payout Date specified in Section 4(b) of this Agreement, subject to Section 11 of this Agreement (including without limitation the requirement to delay settlement for six (6) months).
Sample 1

Related to Retirement on or Before the Third Anniversary of the Date of Grant

  • Award Date <Award Date>

  • Repayment on Termination Date The Borrower hereby agrees to repay the outstanding principal amount of (i) all Revolving Credit Loans in full on the Revolving Credit Maturity Date, and (ii) all Swingline Loans in accordance with Section 2.2(b) (but, in any event, no later than the Revolving Credit Maturity Date), together, in each case, with all accrued but unpaid interest thereon.

  • Grant Date The Grant Date of the Option hereby granted is .

  • Death After Separation from Service But Before Benefit Distributions Commence If the Executive is entitled to benefit distributions under this Agreement, but dies prior to the commencement of said benefit distributions, the Bank shall distribute to the Beneficiary the same benefits that the Executive was entitled to prior to death except that the benefit distributions shall commence within thirty (30) days following receipt by the Bank of the Executive’s death certificate.

  • Tax Periods Ending on or Before the Closing Date Buyer shall prepare or cause to be prepared and file or cause to be filed all Tax Returns for the Company and the Company Subsidiary for all periods ending on or prior to the Closing Date which are required to be filed (taking into account all extensions properly obtained) after the Closing Date.

  • Vesting Date All remaining shares of Restricted Stock will become vested on the Vesting Date.

  • Date of Grant The date that the Option is granted (the “Date of Grant”) is set forth above.

  • Vesting Commencement Date Exercise Price per Share: Total Number of Shares: Type of Option: Non-Qualified Stock Option/Incentive Stock Option

  • Retirement Date If the Executive remains in the continuous employ of the Bank, the Executive shall retire from active employment with the Bank on the Executive’s sixty-fifth (65th) birthday, unless by action of the Board of Directors this period of active employment shall be shortened or extended.

  • CONTRACT ANNIVERSARY The yearly anniversary of the Contract Date.

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