Common use of Termination as a Result of Retirement Clause in Contracts

Termination as a Result of Retirement. In the event of your termination of employment as a result of your Retirement (which, for the avoidance of doubt and for purposes of this Agreement, is as defined in the Plan), any unvested Units shall vest pro-rata as of the date of your termination due to Retirement based on the following formula: (i) the total number of Units, times (ii) a ratio, the numerator of which is the total number of months of employment from the Grant Date to the end of the month in which the date of termination due to Retirement occurs, and the denominator of which is thirty-six (36), rounded to the nearest whole number; less (iii) the total number of Units in which you have previously vested prior to your date of Retirement. The remaining portion of the unvested Units which are not accelerated for vesting purposes shall be immediately forfeited.

Termination as a Result of Retirement. In the event of your termination of employment as a result of your Retirement (which, for the avoidance of doubt and which for purposes of this Agreement, Agreement is as defined in Section 2(vv) of the Plan), any unvested Units shall vest pro-rata as of the date of your termination due to Retirement based on the following formula: (i) the total number of Units, times (ii) a ratio, the numerator of which is the total number of months of employment from the Grant Date May 15, 2008 to the end of the month in which the date of termination due to Retirement occurs, and the denominator of which is thirty-six one and one-half (3631.5), rounded to the nearest whole number; less (iii) the total number of Units in which you have previously vested prior to your date of Retirement. The remaining portion of the unvested Units which are not accelerated for vesting purposes shall be immediately forfeited.

Termination as a Result of Retirement. In the event of your termination of employment as a result of your Retirement (which, for the avoidance of doubt and which for purposes of this Agreement, Agreement is as defined in Section 2(vv) of the Plan), any unvested Units shall vest pro-rata as of the date of your termination due to Retirement based on the following formula: (i) the total number of Units, times (ii) a ratio, the numerator of which is the total number of months of employment from the Grant Date November 15, 2006 to the end of the month in which the date of termination due to Retirement occurs, and the denominator of which is thirty-six seven and one-half (3637.5), rounded to the nearest whole number; less (iii) the total number of Units in which you have previously vested prior to your date of Retirement. The remaining portion of the unvested Units which are not accelerated for vesting purposes shall be immediately forfeited.