Common use of Vesting of Award Clause in Contracts

Vesting of Award. Your Award shall vest with respect to one-third of the Holding Units and Money Market Shares representing the Award as of each of the first, second and third anniversary of the Date of Grant of your Award, provided that you remain in the employ of the Company as of each such anniversary, except that your Award will fully vest: (a) upon your death, Disability or attainment of age 65 prior to your Termination of Employment; or (b) as of the date that the employment of all Committee members (after having exhausted all replacements) has either been (i) terminated involuntarily other than for Cause or (ii) terminated by such Committee members for Good Reason.

Vesting of Award. Your Award shall vest with respect to one-third of the Holding Units and Money Market Mutual Fund Shares representing the Award as of each of the first, second and third anniversary of the Date of Grant of your Award, provided that you remain in the employ of the Company as of each such anniversary, except that your Award will fully vest: (a) upon your death, Disability or attainment of age 65 prior to your Termination of Employment; or (b) as of the date that the employment of all Committee members (after having exhausted all replacements) has either been (i) terminated involuntarily other than for Cause or (ii) terminated by such Committee members for Good Reason.