Treatment of RSUs upon Retirement Sample Clauses

Treatment of RSUs upon Retirement. Subject to the terms and conditions set forth in this Section 5, in the event of the Grantee’s Retirement (as defined below) after a Scheduled Awarded Date for one or more Tranches but before the Grantee's interest in the Awarded RSUs becomes fully vested and nonforfeitable or is forfeited, the Grantee’s interest in the Awarded RSUs will not be forfeited immediately and will no longer be subject to the vesting provisions of Section 3 or Section 4 of this Agreement, and the Awarded RSUs will become payable in accordance with subsection (b) or (c) of this Section 5, whichever is applicable. For the avoidance of doubt, the Tranches that do not become Awarded RSUs under Section 2 of this Agreement prior to the Grantee’s Retirement will be forfeited immediately upon the Grantee’s Retirement. Also, for the avoidance of doubt, the Grantee’s right to payment of the Awarded RSUs will not be affected by a Disability incurred by the Grantee after the Grantee’s Retirement.
Sample 1
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Treatment of RSUs upon Retirement. Subject to the terms and conditions set forth in this Section 4, in the event of the Grantee’s Retirement (as defined below) before the Grantee's interest in the RSUs becomes fully vested and nonforfeitable or is forfeited, BXXXX & BXXXX, INC.RESTRICTED STOCK UNIT AWARD AGREEMENT(Key Corporate Leaders / Profit Center Leaders / Other Leaders) then (i) the Grantee’s interest in the RSUs will not be forfeited immediately and will no longer be subject to the vesting provisions of Section 2 or Section 3 of this Agreement, and (ii) the RSUs will become payable in accordance with subsection (b) or (c) of this Section 4, whichever is applicable. The Grantee’s right to payment of the RSUs will not be affected by a Disability incurred by the Grantee after the Grantee’s Retirement.
Sample 1

Related to Treatment of RSUs upon Retirement

  • Certain Benefits Upon Termination Executive’s employment shall be terminated upon the earlier of (i) the voluntary resignation of Executive with or without Good Reason; (ii) Executive’s death or permanent disability; or (iii) upon the termination of Executive’s employment by LTC for any reason at any time. In the event of such termination, the below provisions of this Section 6 shall apply, and in the event of a Change in Control, whether or not Executive’s employment is terminated thereby, Section 6(b) shall apply.

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

  • Termination by Reason of Retirement If the Grantee's employment by the Company terminates by reason of Retirement (as defined in the Plan), the Restricted Stock Units granted hereunder shall not be forfeited but shall be settled in Stock to the Grantee on the same schedule as provided in Section 2 (or otherwise) as if the Grantee had continued employment through each such Vesting Date (or such other vesting event pursuant to Section 3.4 or Section 5.2).

  • Acceleration of Vesting Upon Change in Control Effective at the time of a Change in Control, all unvested stock options and stock previously issued to Executive as to which rights of ownership are subject to forfeiture shall immediately vest; all risk of forfeiture of the ownership of stock or stock options and restrictions on the exercise of options shall lapse; and, Executive shall be entitled to exercise any or all options, such that the underlying shares will be considered outstanding at the time of the Change in Control.

  • Payments Upon Termination of Employment (a) If Executive’s employment with the Company is terminated by reason of:

  • PAYMENTS UPON A CHANGE IN CONTROL (a) The term “

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

  • Benefits Upon Termination If the Executive’s employment by the Company is terminated during the Period of Employment for any reason by the Company or by the Executive, or upon or following the expiration of the Period of Employment (in any case, the date that the Executive’s employment by the Company terminates is referred to as the “Severance Date”), the Company shall have no further obligation to make or provide to the Executive, and the Executive shall have no further right to receive or obtain from the Company, any payments or benefits except as follows:

  • Vesting Upon a Change in Control Immediately upon a Change in Control, any equity awards subject to vesting that have been granted to the Officer under the Company’s equity incentive plans and that are not fully vested shall become fully vested and, in the case of stock options, shall become immediately exercisable, and the Officer shall be entitled, in the case of such stock options, to exercise such stock options until the earlier of the expiration of their original full term or one year from the Date of Termination (in each case, without regard to any earlier termination otherwise applicable in the event of termination of employment, and to the extent permitted by Section 409A of the Code).

  • Benefits Upon Termination of Employment If the Executive is entitled to benefits pursuant to this Section 2, the Company agrees to pay or provide to the Executive as severance payment, the following:

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