Vesting and Forfeiture of Award. Except as provided in this Agreement, Performance Shares will vest on the last day of the Performance Period. A Participant whose employment is terminated other than for reasons of the Participant’s death, Retirement or Disability prior to the end of the Performance Period will forfeit the award of Performance Shares effective upon termination.
Appears in 4 contracts
Samples: Performance Share Award Agreement (Universal Corp /Va/), Performance Share Award Agreement (Universal Corp /Va/), Performance Share Award Agreement (Universal Corp /Va/)
Vesting and Forfeiture of Award. Except as provided in this Agreement, Performance Shares Stock Units will vest on the last day of the Performance Period. A Participant whose employment is terminated (other than for reasons of the Participant’s death, Retirement or Disability following a determination of Disability) prior to the end of the Performance Period will forfeit the award of Performance Shares Stock Units effective upon termination.
Appears in 1 contract
Samples: Performance Stock Units Award Agreement (Universal Corp /Va/)
