Termination by Disability or Retirement. Unless otherwise provided in an Agreement or determined by the Committee, and subject to Article XII below, on a Participant’s Termination of Employment due to Disability or Retirement more than seven (7) months after the Grant Date (unless circumstances exist at the time of termination that would constitute Cause under Section 2.5), any Option held by the Participant shall continue to be exercisable by the Participant as if there was no Termination of Employment.
Appears in 1 contract
Samples: Mastercard Inc
Termination by Disability or Retirement. Unless otherwise provided in an Agreement or determined by the Committee, and subject to Article XII below, on a Participant’s Termination of Employment due to Disability or Retirement more than seven (7) six months after following the Grant Date (unless circumstances exist at the time of termination that would constitute Cause under Section 2.52.6), any Option Restricted Stock held by the Participant shall continue to be exercisable by the Participant vest as if there was no Termination of Employment.
Appears in 1 contract
Samples: Term Incentive Plan (Mastercard Inc)
Termination by Disability or Retirement. Unless otherwise provided in an Agreement or determined by the Committee, and subject to Article XII below, on a Participant’s Termination of Employment due to Disability or Retirement more than seven (7) six months after following the Grant Date (unless circumstances exist at the time of termination that would constitute Cause under Section 2.52.6), any Option Restricted Stock held by the Participant participant shall continue to be exercisable by the Participant vest as if there was no Termination of Employment.
Appears in 1 contract
Samples: Non Competition and Non Solicitation Agreement (Mastercard Inc)
Termination by Disability or Retirement. Unless otherwise specifically provided in an Agreement or determined by the Committee, and subject to Article XII below, on a Participant’s Termination of Employment due to Disability or Retirement more than seven (7) six months after the Grant Date (unless circumstances exist at the time of termination that would constitute Cause under Section 2.52.6), any Option held by the Participant shall continue to be exercisable by the Participant as if there was no Termination of Employment.
Appears in 1 contract
Samples: Non Competition and Non Solicitation Agreement (Mastercard Inc)
Termination by Disability or Retirement. Unless otherwise provided in an Agreement or determined by the Committee, and subject to Article XII below, on a Participant’s Termination of Employment due to Disability or Retirement more than seven (7) months after following the Grant Date (unless circumstances exist at the time of termination that would constitute Cause under Section 2.5), any Option Restricted Stock held by the Participant shall continue to be exercisable by the Participant vest as if there was no Termination of Employment.
Appears in 1 contract
Samples: Mastercard Inc
Termination by Disability or Retirement. Unless otherwise specifically provided in an Agreement or determined by the Committee, and subject to Article XII below, on a Participant’s Termination of Employment due to Disability or Retirement more than seven six (76) months after the Grant Date (unless circumstances exist at the time of termination that would constitute Cause under Section 2.52.6), any Option held by the Participant shall continue to be exercisable by the Participant as if there was no Termination of Employment.
Appears in 1 contract
Samples: Term Incentive Plan (Mastercard Inc)