Common use of Special Rule if Retirement Eligible Clause in Contracts

Special Rule if Retirement Eligible. Notwithstanding Section 6(a) immediately above, if at the time your employment with the Corporation or its subsidiaries terminates due to Divestiture and transfers to the other party to the Divestiture or the resulting entity to the Divestiture (or its affiliate), you are eligible for retirement treatment under Section 4(b) above (without regard to whether your termination occurs after January 27, 2021), then the Corporation will treat you as having retired and apply the vesting provision in Section 4(b) above to your RSUs.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Lockheed Martin Corp)

AutoNDA by SimpleDocs

Special Rule if Retirement Eligible. Notwithstanding Section 6(a) immediately above, if at the time your employment with the Corporation or its subsidiaries terminates due to Divestiture and transfers to the other party to the Divestiture or the resulting entity to the Divestiture (or its affiliate), you are eligible for retirement treatment under Section 4(b) above (without regard to whether your termination occurs after January 27, 2021the Minimum Service Date), then the Corporation will treat you as having retired and apply the vesting provision in Section 4(b) above to your RSUs.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Lockheed Martin Corp)

Special Rule if Retirement Eligible. Notwithstanding Section 6(a) immediately above, if at the time your employment with the Corporation or its subsidiaries terminates due to Divestiture and transfers to the other party to the Divestiture or the resulting entity to the Divestiture (or its affiliate), you are eligible for retirement treatment under Section 4(b) above (without regard to whether your termination occurs after January 27, 2021the Minimum Service Date), then the Award Date: February 23, 2022 Corporation will treat you as having retired and apply the vesting provision in Section 4(b) above to your RSUs.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Lockheed Martin Corp)

Special Rule if Retirement Eligible. Notwithstanding Section 6(a) immediately above, if at the time your employment with the Corporation or its subsidiaries terminates due to Divestiture and transfers to the other party to the Divestiture or the resulting entity to the Divestiture (or its affiliate), you are eligible for retirement treatment under Section 4(b) above (without regard to whether your termination occurs after January 27, 2021the Minimum Service Date), then the Award Date: February 22, 2023 Corporation will treat you as having retired and apply the vesting provision in Section 4(b) above to your RSUs.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Lockheed Martin Corp)

Special Rule if Retirement Eligible. Notwithstanding Section 6(a) immediately above, if at the time your employment with the Corporation or its subsidiaries terminates due to Divestiture and transfers to the other party to the Divestiture or the resulting entity to the Divestiture (or its affiliate), you are eligible for retirement treatment under Section 4(b) above (without regard to whether your termination occurs after January August 27, 20212020), then the Corporation will treat you as having retired and apply the vesting provision in Section 4(b) above to your RSUs.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Lockheed Martin Corp)

AutoNDA by SimpleDocs

Special Rule if Retirement Eligible. Notwithstanding Section 6(a) immediately above, if at the time your employment with the Corporation or its subsidiaries terminates due to Divestiture and transfers to the other party to the Divestiture or the resulting entity to the Divestiture (or its affiliate), you are eligible for retirement treatment under Section 4(b) above (without regard to whether your termination occurs after January 27, 2021the Minimum Service Date), then the Award Date: February 22, 2024 Corporation will treat you as having retired and apply the vesting provision in Section 4(b) above to your RSUs.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Lockheed Martin Corp)

Special Rule if Retirement Eligible. Notwithstanding Section 6(a) immediately above, if at the time your employment with the Corporation or its subsidiaries terminates due to Divestiture and transfers to the other party to the Divestiture or the resulting entity to the Divestiture (or its affiliate), you are eligible for retirement treatment under Section 4(b) above (without regard to whether your termination occurs after January 27August 21, 20212019), then the Corporation will treat you as having retired and apply the vesting provision in Section 4(b) above to your RSUs.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Lockheed Martin Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!