Termination for Normal Retirement Sample Clauses

Termination for Normal Retirement. Upon a Participant’s Termination due to the Participant’s Normal Retirement prior to the first Vest Date, the number of Time RSUs subject to this Agreement scheduled to vest on the first Vest Date shall immediately become vested upon the date of such Termination and all other unvested Time RSUs subject to this Agreement shall immediately be canceled and forfeited upon Termination. Upon a Participant’s Termination due to the Participant’s Normal Retirement on or after the first Vest Date, all unvested Time RSUs subject to this Agreement shall immediately become vested upon the date of such Termination. For purposes of this Agreement, “Retirement” shall mean a Termination other than a termination for Cause at or after age 65 or such earlier date after age 50 as may be approved by the Committee with regard to such Participant, in its sole discretion, subject to Section 409A of the Code.
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Termination for Normal Retirement. Upon a Participant’s Termination due to the Participant’s Normal Retirement, all unvested Time RSUs shall immediately become vested upon the date of such Termination. For purposes of this Agreement, “Retirement” shall mean a Termination other than a termination for Cause at or after age 65 or such earlier date after age 50 as may be approved by the Committee with regard to such Participant, in its sole discretion, subject to Section 409A of the Code.
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Termination for Normal Retirement. Upon a Participant’s Termination due to the Participant’s Normal Retirement before March 5, [include year following Grant Date], all unvested TSR RSUs shall immediately be canceled and forfeited. Upon a Participant’s Termination due to the Participant’s Normal Retirement on or after March 5, [include year following Grant Date], a pro rata portion of the unvested TSR RSUs that would have been eligible to vest on the Vest Date shall remain outstanding and be eligible to vest based upon the Company’s actual performance over the Measurement Period in accordance with Sections 3(a) as applicable, in an amount determined by multiplying the number of TSR RSUs that were eligible to become vested on the Vest Date by a fraction, the numerator of which is the number of calendar days from the Grant Date to the date of Termination and the denominator of which is the number of calendar days from the Grant Date to the Vest Date. For purposes of this Agreement, “Retirement” shall mean a Termination other than a termination for Cause at or after age 65, or such earlier date after age 50 as may be approved by the Committee with regard to such Participant, in its sole discretion, subject to Section 409A of the Code.
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Termination for Normal Retirement. Upon a Participant’s Termination due to the Participant’s Normal Retirement, a pro rata portion of the unvested Performance RSUs that would have been eligible to vest on the third (3rd) anniversary of the Grant Date shall remain outstanding and be eligible to vest based upon the Company’s actual performance over the Measurement Period in accordance with Sections 3(a) as applicable, in an amount determined by multiplying the number of Performance RSUs that were eligible to become vested on the third (3rd) anniversary of the Grant Date by a fraction, the numerator of which is the number of full months that have elapsed beginning on the Grant Date and ending on the date of Termination and the denominator of which is 36. For purposes of this Agreement, “Retirement” shall mean a Termination other than a termination for Cause at or after age 65, or such earlier date after age 50 as may be approved by the Committee with regard to such Participant, in its sole discretion, subject to Section 409A of the Code.
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Termination for Normal Retirement. Upon a Participant’s Termination due to the Participant’s Normal Retirement, a pro rata portion of the unvested XXXXX RSUs that would have been eligible to vest on the Vest Date shall remain outstanding and be eligible to vest based upon the Company’s actual performance over the Measurement Period in accordance with Sections 3(a) as applicable, in an amount determined by multiplying the number of XXXXX RSUs that were eligible to become vested on the Vest Date by a fraction, the numerator of which is the number of calendar days from the Grant Date to the date of Termination and the denominator of which is the number of calendar days from the Grant Date to the Vest Date. For purposes of this Agreement, “Retirement” shall mean a Termination other than a termination for Cause at or after age 65, or such earlier date after age 50 as may be approved by the Committee with regard to such Participant, in its sole discretion, subject to Section 409A of the Code. 1 Adjustments shall include: transaction and integration costs associated with acquisitions & divestitures; restructuring charges and adjustments; non-income tax settlements causing charges or credits, except for non-income tax and social contribution recoveries in Brazil; legal settlements or judgements; reversals or charges associated with previously recorded stock-based compensation expense for modifications of stock-based awards; impairment charges; settlement and/or curtailment gains and/or losses associated with pension and/or postretirement plans; gains or losses on sale of assets, including any contract losses associated with any supply agreements in conjunction with an asset sale; adjustments to the cumulative translation adjustment account that occurs when we liquidate a subsidiary; and purchase accounting adjustments associated with the step-up/down of inventory to fair value.
Sample 1
Termination for Normal Retirement. Upon a Participant’s Termination due to the Participant’s Normal Retirement, a pro rata portion of the unvested TSR RSUs that would have been eligible to vest on the Vest Date shall remain outstanding and be eligible to vest based upon the Company’s actual performance over the Measurement Period in accordance with Sections 3(a) as applicable, in an amount determined by multiplying the number of TSR RSUs that were eligible to become vested on the Vest Date by a fraction, the numerator of which is the number of calendar days from the Grant Date to the date of Termination and the denominator of which is the number of calendar days from the Grant Date to the Vest Date. For purposes of this 3
Sample 1
Termination for Normal Retirement. Upon a Participant’s Termination due to the Participant’s Normal Retirement before March 5, 2022, all unvested TSR RSUs shall immediately be canceled and forfeited. Upon a Participant’s Termination due to the Participant’s Normal Retirement on or after March 5, 2022, a pro rata portion of the unvested TSR RSUs that would have been eligible to vest on the Vest Date shall remain outstanding and be eligible to vest based upon the Company’s actual performance over the Measurement Period in accordance with Sections 3(a) as applicable, in an amount determined by multiplying the number of TSR RSUs that were eligible to become vested on the Vest Date by a fraction, the numerator of which is the 2021-Updated Grant Agreement-RSU TSR
Sample 1
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Related to Termination for Normal Retirement

  • Normal Retirement Unless Separation from Service or a Change in Control occurs before Normal Retirement Age, when the Executive attains Normal Retirement Age the Bank shall pay to the Executive the benefit described in this section 2.1 instead of any other benefit under this Agreement. If the Executive’s Separation from Service thereafter is a Termination with Cause or if this Agreement terminates under Article 5, no further benefits shall be paid.

  • Normal Retirement Age Normal Retirement Age shall mean the date on which the Executive attains age sixty-five (65).

  • Normal Retirement Benefit Upon Termination of Employment on or after the Normal Retirement Age for reasons other than death, the Company shall pay to the Executive the benefit described in this Section 2.1 in lieu of any other benefit under this Agreement.

  • Normal Retirement Date The term “Normal Retirement Date” means “Normal Retirement Date” as defined in the primary qualified defined benefit pension plan applicable to the Executive, or any successor plan, as in effect on the date of the Change in Control of the Company.

  • Normal Retirement Benefits A Participant shall be entitled to receive the balance held in his or her account upon attaining his or her Normal Retirement Age or at such earlier dates as the provisions of this Article VI may permit. If a Participant elects to continue working past his or her Normal Retirement Age, he or she will continue as an active Participant. Unless the Employer elects otherwise in the Adoption Agreement, distribution shall be made to such Participant at his or her request prior to his or her actual retirement. Distribution shall be made in the normal form, or if elected, in one of the optional forms of payment provided below.

  • TERMINATION UPON RETIREMENT Termination of Executive’s employment based on “

  • TERMINATION FOR DISABILITY OR DEATH (a) Termination of Executive’s employment based on “Disability” shall be construed to comply with Section 409A of the Internal Revenue Code and shall be deemed to have occurred if: (i) Executive is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment that can be expected to result in death, or last for a continuous period of not less than 12 months; (ii) by reason of any medically determinable physical or mental impairment that can be expected to result in death, or last for a continuous period of not less than 12 months, Executive is receiving income replacement benefits for a period of not less than three months under an accident and health plan covering employees of the Bank or the Company; or (iii) Executive is determined to be totally disabled by the Social Security Administration. The provisions of Sections 6(b) and (c) shall apply upon the termination of the Executive’s employment based on Disability. Upon the determination that Executive has suffered a Disability, disability payments hereunder shall commence within thirty (30) days.

  • Termination for Disability If Executive’s employment is terminated due to Disability following a Change in Control, Executive shall receive his Base Salary through the Termination Date, at which time his benefits shall be determined in accordance with Company’s disability, retirement, insurance and other applicable plans and programs then in effect, and Executive shall not be entitled to any other benefits provided by this Agreement.

  • TERMINATION UPON RETIREMENT, DISABILITY OR DEATH Termination by the Bank of the Executive based on "

  • Termination for Death or Disability If the Employee's employment is terminated by death or because of disability pursuant to Section 4.3, the Company shall pay to the estate of the Employee or to the Employee, as the case may be, all sums which would otherwise be payable to the Employee under Section 3 up to the end of the month in which the termination of his employment because of death or disability occurs.

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