Termination After Attainment of Retirement Age. Settlement of vested Restricted Stock Units that vest in accordance with Subparagraph 2(b) to a Participant who terminates Service after attainment of his Retirement Age (whether or not there has been a Change of Control) shall be made as soon as administratively practicable after termination, but in no case later than the March 15th following the year in which termination occurs, provided that in the case of a specified employee who vested in accordance with Subparagraph 2(b) such settlement shall be paid six months after termination. Settlement will be made by payment in shares of Common Stock.
Appears in 5 contracts
Samples: 2013 Restricted Stock Unit Agreement (Oceaneering International Inc), Supplemental 2011 Restricted Stock Unit Agreement (Oceaneering International Inc), 2012 Restricted Stock Unit Agreement (Oceaneering International Inc)
Termination After Attainment of Retirement Age. Settlement of vested Restricted Stock Units that vest in accordance with Subparagraph 2(b) to a Participant who terminates Service Employment after attainment of his Retirement Age (whether or not there has been a Change of Control) shall be made as soon as administratively practicable after termination, but in no case later than the March 15th following the year in which termination occurs, provided that in the case of a specified employee who vested in accordance with Subparagraph 2(b) such settlement shall be paid six months after termination. Settlement will be made by payment in shares of Common Stock.
Appears in 4 contracts
Samples: 2006 Employee Restricted Stock Unit Agreement (Oceaneering International Inc), 2009 Employee Restricted Stock Unit Agreement (Oceaneering International Inc), 2008 Employee Restricted Stock Unit Agreement (Oceaneering International Inc)
