Common use of Retirement with Consent of the Company Clause in Contracts

Retirement with Consent of the Company. If the Employee retires from his/her Business Relationship with the Company with the consent of the Company after the Employee has reached age 62, the shares of restricted stock subject to this Agreement shall fully vest in the Employee and the restrictions (except those contained in Section 8 hereof) and substantial risk of forfeiture shall lapse.

Appears in 3 contracts

Samples: Restricted Stock Award Agreement (Matritech Inc/De/), Restricted Stock Award Agreement (Matritech Inc/De/), Restricted Stock Award Agreement (Matritech Inc/De/)

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Retirement with Consent of the Company. If the Employee retires from his/her Business Relationship with the Company with the consent of the Company after the Employee has reached age 62, the shares of restricted stock subject to this Agreement shall fully vest in the Employee and the restrictions (except those contained in Section 8 7 hereof) and substantial risk of forfeiture shall lapse.

Appears in 2 contracts

Samples: Restricted Stock Award Agreement (Matritech Inc/De/), Restricted Stock Award Agreement (Matritech Inc/De/)

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Retirement with Consent of the Company. If the Employee retires from his/her Business Relationship with the Company with the consent of the Company after the Employee has reached age 62, the shares of restricted stock subject to units covered by this Agreement shall fully vest in the Employee and such restricted stock units shall be converted into Shares and certificates for such Shares delivered to the restrictions (except those contained in Section 8 hereof) and substantial risk of forfeiture shall lapseEmployee.

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement (Matritech Inc/De/), Restricted Stock Unit Award Agreement (Matritech Inc/De/)

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