Common use of Service Based Vesting Requirement Clause in Contracts

Service Based Vesting Requirement. Subject to the exceptions set forth below, the Employee must remain in continuous employment with Corning until February 3, 2014, to satisfy the service based vesting requirement. If the Employee’s employment with Corning terminates before February 3, 2014, any “earned” Cash Units, as described in Section 3 above, as of the date of the Employee’s employment terminates shall be treated as follows:

Appears in 2 contracts

Samples: Cash Performance Unit Agreement, Cash Performance Unit Agreement (Corning Inc /Ny)

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Service Based Vesting Requirement. Subject to the exceptions set forth below, the Employee must remain in continuous employment with Corning until February 31, 20142012, to satisfy the service based vesting requirement. If the Employee’s employment with Corning terminates before February 31, 20142012, any “earned” Cash UnitsIncentive Stock Rights, as described in Section 3 above, as of the date of the Employee’s employment terminates shall be treated as follows:

Appears in 1 contract

Samples: Incentive Stock Right Agreement (Corning Inc /Ny)

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Service Based Vesting Requirement. Subject to the exceptions set forth below, the Employee must remain in continuous employment with Corning until February 31, 20142013, to satisfy the service based vesting requirement. If the Employee’s employment with Corning terminates before February 31, 20142013, any “earned” Cash Units, as described in Section 3 above, as of the date of the Employee’s employment terminates shall be treated as follows:

Appears in 1 contract

Samples: Cash Performance Unit Agreement (Corning Inc /Ny)

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