Common use of Termination of Rights Following Disability or Retirement Clause in Contracts

Termination of Rights Following Disability or Retirement. Without limiting the application of Paragraph 4(b) or Paragraph 4(c), your rights in respect of any outstanding Earned RSUs that become vested solely by reason of Paragraph 6(a) immediately shall terminate, and no Shares shall be delivered in respect of such outstanding Earned RSUs if, following the termination of your Employment with the Company by reason of Disability or Retirement and prior to the Scheduled Vesting Date, you (i) form, or acquire a 5% or greater equity ownership, voting or profit participation interest in, any Competitive Enterprise or (ii) associate in any capacity (including, but not limited to, association as an officer, employee, partner, director, consultant, agent or advisor) with any Competitive Enterprise.

Appears in 2 contracts

Samples: Performance Rsu Award Agreement (Transatlantic Holdings Inc), Performance Rsu Award Agreement (Transatlantic Holdings Inc)

AutoNDA by SimpleDocs

Termination of Rights Following Disability or Retirement. Without limiting the application of Paragraph 4(b) or Paragraph 4(c), your rights in respect of any outstanding Earned RSUs that become vested solely by reason of Paragraph 6(a) immediately shall terminate, and no Shares (or securities or other property) shall be delivered in respect of such outstanding Earned RSUs if, following the termination of your Employment with the Company by reason of Disability or Retirement and prior to the Scheduled Vesting Date, you (i) form, or acquire a 5% or greater equity ownership, voting or profit participation interest in, any Competitive Enterprise or (ii) associate in any capacity (including, but not limited to, association as an officer, employee, partner, director, consultant, agent or advisor) with any Competitive Enterprise.

Appears in 2 contracts

Samples: Performance Rsu Award Agreement (American International Group Inc), Performance Rsu Award Agreement (American International Group Inc)

AutoNDA by SimpleDocs

Termination of Rights Following Disability or Retirement. Without limiting the application of Paragraph 4(b) or Paragraph 4(c), your rights in respect of any outstanding Earned Performance RSUs that become vested solely by reason of Paragraph 6(a) immediately or 6(b) shall terminate, and no Shares (or securities or other property) shall be delivered paid in respect of such outstanding Earned Performance RSUs if, following the termination of your Employment with the Company by reason of becoming subject to Disability or Retirement Retiring and prior to the Scheduled Vesting Datedelivery of Shares (or securities or other property) in respect of such outstanding Performance RSUs, you (i) form, or acquire a 5% or greater equity ownership, voting or profit participation interest in, any Competitive Enterprise or (ii) associate in any capacity (including, but not limited to, association as an officer, employee, partner, director, consultant, agent or advisor) with any Competitive Enterprise.

Appears in 1 contract

Samples: Performance Rsu Award Agreement (American International Group Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!