Common use of Termination due to Retirement during the Performance Period Clause in Contracts

Termination due to Retirement during the Performance Period. Your Units will remain outstanding during the remainder of the Performance Period and will be subject to forfeiture in the manner set forth in subsection (a) upon completion of the Performance Period if, prior to the completion of the Performance Period, your employment with the Company is terminated as a result of your Retirement. In the event of any such termination during the Performance Period, any Units not forfeited pursuant to subsection (a) shall fully vest as of the date of the Committee Determination.

Appears in 4 contracts

Samples: Restricted Stock Unit Agreement (Health Care Property Investors Inc), Performance Restricted Stock Unit Agreement (Health Care Property Investors Inc), Performance Restricted Stock Unit Agreement (Health Care Property Investors Inc)

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Termination due to Retirement during the Performance Period. Your Units will remain outstanding during the remainder of the Performance Period and will be subject to forfeiture in the manner set forth in subsection (a) upon completion of the Performance Period if, prior to the completion of the Performance Period, your employment with the Company is terminated as a result of your Retirement. In the event of any such termination during the Performance Period, any Units not forfeited pursuant to subsection (a) shall fully vest as of the date first day following the completion of the Committee DeterminationPerformance Period.

Appears in 2 contracts

Samples: Performance Restricted Stock Unit Agreement (Health Care Property Investors Inc), Performance Restricted Stock Unit Agreement (Health Care Property Investors Inc)

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Termination due to Retirement during the Performance Period. Your Units will remain outstanding during the remainder of the Performance Period and will be subject to forfeiture in the manner set forth in subsection (a) upon completion of the Performance Period if, prior to the completion of the Performance Period, your employment with the Company is terminated as a result of your Retirement. In the event of any such termination of employment during the Performance Period, any Units not forfeited pursuant to subsection (a) shall fully vest as of the date of the Committee Determination.

Appears in 1 contract

Samples: Performance Restricted Stock Unit Agreement (Health Care Property Investors Inc)

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