Termination of Employment by Retirement. If Optionee's employment with the Company is terminated by reason of Retirement (as defined under the then established rules of the Company's tax-qualified retirement plans), any outstanding options granted to Optionee that are not exercisable at the date of termination shall be forfeited by Optionee and canceled by the Company. If, without having fully exercised this Option, Optionee's employment is terminated by reason of Retirement, Optionee shall have the same right to exercise options that are exercisable on the date of the termination of employment as Optionee had during his or her employment for a period ending on the Date of Expiration set forth above.
Termination of Employment by Retirement. In the event the employment of Participant is terminated by reason of Participant’s retirement on terms and conditions authorized in writing by the Committee, the Committee may exercise its discretion at or near Participant’s retirement date to provide that some or all outstanding Options not yet vested shall become immediately fully vested and, along with all previously vested Options, shall remain exercisable at any time prior to the Date of Expiration, or for five years after the date of retirement, whichever period is shorter. In exercising its discretion under this Section 7, the Committee shall consider whether Participant: (A) remained employed in good standing with the Company through Participant’s retirement date; (B) provided reasonable written notice to the Company of Participant’s intention to retire of no less than 12 weeks; (C) materially breached any statutory, contractual, or common law duties owed to Company or any material Company policy, including but not limited to post-employment non-competition, non-solicitation and confidentiality obligations; and (D) failed in good faith to provide to and perform for Company all reasonably requested duties and responsibilities in connection with the transition of Participant’s duties and responsibilities. In exercising its discretion, the Committee shall also consider: (1) the financial status of the Company; (2) Company performance; (3) Company stock performance; and (4) where appropriate, input from Company management. In the event the Committee does not so exercise its discretion, Participant’s termination of employment by reason of retirement shall be considered a termination of employment for other reasons and Section 8 of this Award Agreement shall govern.
Termination of Employment by Retirement. If, without having fully exercised this Option, Optionee’s employment with the Company and all subsidiaries is terminated by reason of retirement (as defined under the then established rules of the Company’s tax-qualified retirement plans), any outstanding Options granted to Optionee that are not vested at the date of termination shall become fully vested and exercisable according to the terms of the Plan and this Agreement. Optionee shall have the same right to exercise this Option as Optionee had during his or her employment for a period ending on the date of expiration set forth in the Notice.
Termination of Employment by Retirement. If Participant’s employment by the Xxxxxxx Companies ceases prior to the end of the Vesting Schedule, and the date of Participant’s last day of employment with the Xxxxxxx Companies (“Last Day”) is (i) on or after Participant’s fifty-fifth (55th) birthday, and (ii) Participant’s age (in whole years) plus full years of continuous, full-time employment with the Xxxxxxx Companies (as measured from the Participant’s date of hire, and without regard to any partial years of employment) equals seventy (70) or more: then a number of RSUs granted hereunder equal to the Retirement RSUs (as defined below) shall become fully vested on the date of Participant’s termination and such termination date shall be deemed the “Vesting Date” for such RSUs, and shall be settled as provided in Section 4.
Termination of Employment by Retirement. In the event the employment of the Participant is terminated by reason of retirement (as determined by the Committee), all outstanding Options previously vested shall remain exercisable at any time prior to their expiration date, or for three (3) years after the effective date of retirement, whichever period is shorter. All outstanding Options not yet vested shall be forfeited.
Termination of Employment by Retirement. (a) If the employment of a Participant terminates by retirement under any FCA US LLC qualified pension or retirement plan, he shall have a right to receive the full value of his Account. The Participant may file an election with the Committee (or its designee) pursuant to the written, electronic or telephonic methods as prescribed by the Committee to (a) have the full value of his Account distributed to him in a single lump sum, or (b) have a partial distribution of his Account distributed to him. Notwithstanding the foregoing provisions, unless a Participant consents to an earlier distribution, distribution shall be made at the earlier of the date of his death or the date he attains age 70½. In addition, if, as of his Normal Retirement Age, such a Participant has not made the election described above to receive (or commence receiving) his Account, the Participant shall be deemed to have elected to defer receipt of his distribution until no later than the earlier of his death or the date he attains age 70½.
(b) The Committee shall direct the Trustee to distribute the full or partial value of the Participant’s Account to the Participant in accordance with the election described in the preceding paragraph. An election of the payout method may be revoked, pursuant to the written, electronic or telephonic method prescribed by the Committee, and a new election may be made thereafter. If a Participant dies after termination of employment by retirement and prior to distribution of his Account, distribution shall be to his Beneficiary in accordance with Section 4.02.
Termination of Employment by Retirement. (a) If, without having fully exercised this Option, Optionee's employment with the Company is terminated by reason of Retirement (as defined under the then established rules of the Company's tax-qualified retirement plans) prior to August 12, 2000, this Option shall continue to be subject to the vesting schedule described in Exhibit A,
(b) If at the effective date of Optionee's Retirement this Option is exercisable, then Optionee (or Optionee's representative) shall have the same right to exercise this Option as Optionee had during his or her employment for a period ending on the Date of Expiration set forth above.
Termination of Employment by Retirement. In the event the employment of Participant is terminated by reason of Retirement (as defined under the then-established rules of the Company's tax-qualified retirement plan), the Committee shall retain discretion over the treatment of any unvested Options. However, at the date of termination of employment by reason of Retirement, any vested Options shall remain exercisable for a period ending on the earlier of (i) the Date of Expiration identified above, or (ii) the end of the third (3rd) year following the date of termination of the Participant's employment by reason of Retirement.
Termination of Employment by Retirement. In the event the employment of Participant is terminated by reason of Participant’s retirement on terms and conditions authorized in writing by the Committee, the Committee may exercise its discretion at or near Participant’s retirement date to provide that some or all outstanding Options not yet vested shall become immediately fully vested and, along with all previously vested Options, shall remain exercisable at any time prior to the Date of Expiration, or for five years after the date of retirement, whichever period is shorter. In exercising its discretion under this Section 7, the Committee shall consider whether Participant: (A) remained employed in good standing with the Company through Participant’s retirement date; (B) provided reasonable written notice to the Company of Participant’s intention to retire of no less than 12 weeks; (C) materially breached any statutory, contractual, or common law duties owed to Company or any material Company policy, including but not limited to
Termination of Employment by Retirement. In the event your employment is terminated by reason of Retirement, the Committee will decide, in its discretion, whether any Shares of Restricted Stock that have not yet vested as of such date shall be vested or forfeited.
