Common use of Vesting following Retirement Clause in Contracts

Vesting following Retirement. If Grantee’s employment with TriState Capital is terminated by reason of Grantee’s Retirement, then, subject to satisfaction of applicable tax withholding requirements, the Restricted Shares will continue to vest in accordance with the vesting schedule set forth in Section 5 notwithstanding termination of employment at Retirement; provided that Grantee remain available to consult with TriState Capital, for a reasonable number of hours upon reasonable notice to Grantee, for a three year period following termination of employment.

Appears in 3 contracts

Samples: Restricted Stock Grant Agreement (Raymond James Financial Inc), Restricted Stock Grant Agreement (TriState Capital Holdings, Inc.), Restricted Stock Grant Agreement (TriState Capital Holdings, Inc.)

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Vesting following Retirement. If Grantee’s employment with service to TriState Capital is terminated by reason of Grantee’s Retirement, then, subject to satisfaction of applicable tax withholding requirements, the Restricted Shares will continue to vest in accordance with the vesting schedule set forth for in Section 5 5, notwithstanding termination of employment at Retirementservice as a director; provided that Grantee remain available to consult with TriState Capitalthe Board of Directors, for a reasonable number of hours upon reasonable notice to Grantee, for a three year period following termination of employmentservice as a director.

Appears in 1 contract

Samples: Restricted Stock Grant Agreement (TriState Capital Holdings, Inc.)

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