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 70 days following the end of the Restricted Period. Any fractional share of the Corporation resulting from such a prorated Award shall be rounded to the nearest whole share.
Appears in 6 contracts
Samples: Time Vested Restricted Stock Unit Award Agreement (Kimberly Clark Corp), Time Vested Restricted Stock Unit Award Agreement (Kimberly Clark Corp), Time Vested Restricted Stock Unit Award Agreement (Kimberly Clark Corp)
