Common use of Termination of Employment or Service (Retirement Clause in Contracts

Termination of Employment or Service (Retirement. Unless otherwise determined by the Committee, in the event of a Participant's Retirement, any Stock Awards in which the Participant has not become vested as of the date of Retirement shall be forfeited and any rights the Participant had to such unvested Stock Awards shall become null and void.

Appears in 3 contracts

Samples: 1999 Stock Based Incentive Plan (First Bancorp of Indiana Inc), 1999 Stock Based Incentive Plan (First Bancorp of Indiana Inc), 2005 Stock Based Incentive Plan (Tf Financial Corp)

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Termination of Employment or Service (Retirement. Unless otherwise -------------------------------------------------- determined by the Committee, in the event of a Participant's Retirement, any Stock Awards in which the Participant has not become vested as of the date of Retirement shall be forfeited and any rights the Participant had to such unvested Stock Awards shall become null and void.

Appears in 2 contracts

Samples: Stock Based Incentive Plan (Pulaski Financial Corp), Stock Based Incentive Plan (First Capital Inc)

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