Common use of Shutdown or Divestiture Clause in Contracts

Shutdown or Divestiture. In the event that after the Grant Date the Participant’s termination of employment is due to the shutdown or divestiture of the Corporation’s or its Affiliate’s business, it shall result in pro rata vesting, as determined by the Committee, and the number of shares that are considered to vest shall be determined at the end of the Restricted Period, prorated for the number of full years of employment during the Restricted Period prior to the Participant’s termination of employment, and shall be paid within 90 days following the end of the Restricted Period.

Shutdown or Divestiture. In the event that more than six months after the Grant Date date of grant the ParticipantEmployee’s termination of employment is due to the shutdown or divestiture of the Corporation’s or its Affiliate’s business, business it shall result in pro rata vesting, as determined by the Committee, and the number of shares that are considered to vest shall be determined at the end of the Restricted Period, prorated for the number of full years of employment during the Restricted Period prior to the Participant’s termination of employment, and shall be paid within 90 days following the end of the Restricted Period.

Shutdown or Divestiture. In the event that more than six months after the Grant Date date of grant the ParticipantEmployee’s termination of employment is due to the shutdown or divestiture of the Corporation’s or its Affiliate’s business, business it shall result in pro rata vesting, as determined by the Committee, and vesting in the number of shares that are considered to vest shall be determined Restricted Share Units earned based on attainment of the Performance Goal at the end of the Restricted PeriodPeriod as approved and authorized by the Committee, prorated for the number of full years of employment during the Restricted Period prior to the Participant’s termination of employment, and shall be paid within 90 70 days following the end of the Restricted Period.

Shutdown or Divestiture. In the event that after the Grant Date the Participant’s 's termination of employment is due to the shutdown or divestiture of the Corporation’s 's or its Affiliate’s 's business, it shall result in pro rata vesting, as determined by the Committee, and the number of shares that are considered to vest shall be determined at the end of the Restricted Period, prorated for the number of full years of employment during the Restricted Period prior to the Participant’s 's termination of employment, and shall be paid within 90 days following the end of the Restricted Period.

Shutdown or Divestiture. In the event that after the Grant Date date of grant the ParticipantEmployee’s termination of employment is due to the shutdown or divestiture of the Corporation’s or its Affiliate’s business, business it shall result in pro rata vesting, as determined by the Committee, and the number of shares that are considered to vest shall be determined at the end of the Restricted Period, prorated for the number of full years of employment during the Restricted Period prior to the Participant’s termination of employment, and shall be paid within 90 days following the end of the Restricted Period.

Shutdown or Divestiture. In the event that after the Grant Date date of grant the Participant’s termination of employment is due to the shutdown or divestiture of the Corporation’s or its Affiliate’s business, it shall result in pro rata vesting, as determined by the Committee, and the number of shares that are considered to vest shall be determined at the end of the Restricted Period, prorated for the number of full years of employment during the Restricted Period prior to the Participant’s termination of employment, and shall be paid within 90 days following the end of the Restricted Period.