Common use of Retirement Prior to Age 62 Clause in Contracts

Retirement Prior to Age 62. If the Participant’s employment terminates prior to the Vesting Date, by reason of the Participant’s Retirement (as defined below) prior to attaining at least age 62, then a whole number of Restricted Stock Units shall vest on the Participant’s last day of active employment with the Company, with such number determined in proportion to the Participant’s active service (measured in calendar days) during the period commencing on the Grant Date and ending on the Vesting Date. All Restricted Stock Units that vest in accordance with the foregoing sentence shall remain subject to the payment and forfeiture provisions of Paragraphs B.2 and B.3.

Retirement Prior to Age 62. If the Participant’s employment terminates prior to the Vesting Date, by reason of the Participant’s Retirement (as defined below) prior to attaining at least age 62, then a the whole number of Restricted Stock Units that shall vest on the Participant’s last day of active employment with the Company, with such number determined Company will be in proportion to the Participant’s active service (measured in calendar days) during the period commencing on the Grant Date and ending on the Vesting Date. All Restricted Stock Units that vest in accordance with the foregoing sentence shall remain subject to the payment and forfeiture provisions of Paragraphs B.2 and B.3.

Retirement Prior to Age 62. If the Participant’s employment terminates prior to the Vesting Date, Date by reason of the Participant’s Retirement (as defined below) prior to attaining at least age 62, then a whole number of Restricted Stock Units the target PEPUnits granted hereunder shall vest on the Participant’s last day of active employment with the Company, with such number determined in proportion to the Participant’s active service (measured in calendar days) during the period commencing on the Grant Date and ending on the Vesting DateDate (the “Vesting Period”). All Restricted Stock Units PEPUnits that vest in accordance with the foregoing sentence shall remain subject to the payment earning and forfeiture provisions of Paragraphs B.2 A.2 and B.3A.3.