Common use of Retirement Prior to a Change in Control Clause in Contracts

Retirement Prior to a Change in Control. In the event of the Participant’s Termination of Service due to Retirement prior to both the Determination Date and a Change in Control, then, except as provided in Section 4(b)(ii), the Award shall continue to vest and settle in accordance with Section 4(a), provided that the continued employment requirement shall cease to apply.

Appears in 5 contracts

Samples: Senior Executive Long Term Performance Restricted Stock Unit Award Agreement (Comerica Inc /New/), Senior Executive Long Term Performance Restricted Stock Unit Award Agreement (Comerica Inc /New/), Senior Executive Long Term Performance Restricted Stock Unit Award Agreement (Comerica Inc /New/)

AutoNDA by SimpleDocs

Retirement Prior to a Change in Control. In the event of the Participant’s Termination of Service due to Retirement prior to both the Determination final Vesting Date and a Change in Control, then, except as provided in Section 4(b)(ii4(b), the Award shall continue to vest and settle in accordance with Section 4(a), provided that the continued employment requirement shall cease to apply.

Appears in 3 contracts

Samples: Restricted Stock Unit Award Agreement (Comerica Inc /New/), Restricted Stock Unit Award Agreement (Comerica Inc /New/), Restricted Stock Unit Award Agreement (Comerica Inc /New/)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!