Vesting following Retirement. Upon your Retirement from Arrow, any unvested portion of the Restricted Stock Units will continue to vest under the same schedule as set forth under Section 1 hereof; provided that you do not engage or become interested in any Competing Business during such remaining vesting period (whether as an owner, partner, director, employee, consultant or otherwise), in which case any unvested portion of the Restricted Stock Unit will be forfeited and no payment or delivery of Shares will be made therefor.
Appears in 4 contracts
Samples: Restricted Stock Unit Award Agreement (Arrow Electronics Inc), Stock Unit Award Agreement (Arrow Electronics Inc), Restricted Stock Unit Award Agreement (Arrow Electronics Inc)
Vesting following Retirement. Upon your Retirement from Arrow, any unvested portion of the Restricted Stock Units will continue to vest under the same schedule as set forth under Section 1 hereof; provided that you do not engage or become interested in any Competing Business during such remaining vesting period (whether as an owner, partner, director, employee, consultant or otherwise), in which case any unvested portion of the Restricted Stock Unit will be forfeited and no payment or delivery of Shares shares will be made therefor.
Appears in 1 contract
Samples: Restricted Stock Unit Award Agreement (Arrow Electronics Inc)