Common use of Vesting of Deferred Stock Units Clause in Contracts

Vesting of Deferred Stock Units. (a) The Deferred Stock Units shall become vested on the third anniversary of the Date of Grant, which such date will be November 18, 2011 (the “Vesting Date”), if the Grantee shall have remained in the continuous employ of the Company or a Subsidiary during that three (3) year period. Any Deferred Stock Units not vested will be forfeited, except as provided in Section 3(b) below, if the Grantee ceases to be continuously employed by the Company prior to the Vesting Date. Deferred Stock Units may also be forfeited in the event the Board determines the Grantee has engaged in Detrimental Activity as such term is defined in the Plan. (b) Notwithstanding the provisions of Section 3(a), all of the Deferred Stock Units shall immediately become nonforfeitable (each, a “Vesting Event”) (i) if the Grantee dies or becomes permanently disabled while in the employ of the Company or a Subsidiary during the three-year period from the Date of Grant, (ii) after the lapse of a period of two years from the date upon which the Transaction closed, the Grantee elects to retire and either (A) has reached the age of 60 with at least ten years of service with P&G or Folgers, or (B) has reached the age of 55 with at least 20 years of service with P&G or Folgers, or (iii) if a Change in Control occurs during the three-year period from the Date of Grant while the Grantee is employed by the Company or a Subsidiary.

Vesting of Deferred Stock Units. (a) The Deferred Stock Units shall become vested on the third ______ anniversary of the Date of Grant, which such date will be November 18, 2011 Grant (the “Vesting Date”), if the Grantee shall have remained in the continuous employ of the Company or a Subsidiary during that three ______-year period (3) year such period, the “Vesting Period”). Any Deferred Stock Units not vested as of the end of the Vesting Period will be forfeited, except as provided in Section Article II, Sections 3(b) or (c) below, if the Grantee ceases to be continuously employed by the Company prior to the Vesting Date. Deferred Stock Units may also be forfeited in the event the Board Committee determines the Grantee has engaged in Detrimental Activity as such term is defined in the Plan. (b) Notwithstanding the provisions of Article II, Section 3(a), if the Grantee dies or becomes permanently disabled during the Vesting Period, then a number of Deferred Stock Units will become nonforfeitable, with such number being determined by multiplying the number of Deferred Stock Units granted by this Agreement by a fraction, the numerator of which is the number of days the Grantee was actively employed by the Company or a Subsidiary during the Vesting Period, and the denominator of which is the total number of days in the Vesting Period. (c) Notwithstanding the provisions of Article II, Sections 3(a) or (b), all of the Deferred Stock Units shall immediately become nonforfeitable (each, a “Vesting Event”) (i) if upon the Grantee dies or becomes permanently disabled while in the employ occurrence of the Company or a Subsidiary during the three-year period from the Date of Grant, (ii) after the lapse of a period of two years from the date upon which the Transaction closed, the Grantee elects to retire and either (A) has reached the age of 60 with at least ten years of service with P&G or Folgers, or (B) has reached the age of 55 with at least 20 years of service with P&G or Folgers, or (iii) if a Change in Control occurs during the three-year period from the Date of Grant while the Grantee is employed by the Company or a SubsidiaryVesting Period.

Vesting of Deferred Stock Units. (a) The Deferred Stock Units shall become vested on the third fourth anniversary of the Date of Grant, which such date will be November 18, 2011 ___ (the “Vesting Date”), ) if the Grantee shall have remained in the continuous employ of the Company or a Subsidiary during that three four (34) year period. Any Deferred Stock Units not vested will be forfeited, except as provided in Section 3(b) below, if the Grantee ceases to be continuously employed by the Company prior to the Vesting Date. Deferred Stock Units may also be forfeited in the event the Board determines the Grantee has engaged in Detrimental Activity as such term is defined in the Plan. (b) Notwithstanding the provisions of Section 3(a), all of the Deferred Stock Units shall immediately become nonforfeitable (each, a “Vesting Event”) (i) if the Grantee dies or becomes permanently disabled while in the employ of the Company or a Subsidiary during the threefour-year period from the Date of Grant, (ii) after if, at any time during the lapse of a four-year period of two years from the date upon which the Transaction closedDate of Grant, the Grantee elects to retire and either (A) has reached the is age of 60 with at least ten years of service with P&G or Folgers, or (B) has reached the age of 55 with at least 20 years of service with P&G or FolgersCompany, or (iii) if a Change in Control occurs during the threefour-year period from the Date of Grant while the Grantee is employed by the Company or a Subsidiary.

Vesting of Deferred Stock Units. (a) The Deferred Stock Units shall become vested on the third fourth anniversary of the Date of Grant, which such date will be November 18, 2011 Grant (the “"Vesting Date”), ") if the Grantee shall have remained in the continuous employ of the Company or a Subsidiary during that three four (34) year period. Any Deferred Stock Units not vested will be forfeited, except as provided in Section 3(b) below, if the Grantee ceases to be continuously employed by the Company prior to the Vesting Date. Deferred Stock Units may also be forfeited in the event the Board determines the Grantee has engaged in Detrimental Activity as such term is defined in the Plan. (b) Notwithstanding the provisions of Section 3(a), all of the Deferred Stock Units shall immediately become nonforfeitable (each, a “"Vesting Event”") (i) if the Grantee dies or becomes permanently disabled while in the employ of the Company or a Subsidiary during the threefour-year period from the Date of Grant, (ii) after if, at any time during the lapse of a four-year period of two years from the date upon which the Transaction closedDate of Grant, the Grantee elects to retire and either (A) has reached the is age of 60 with at least ten years of service with P&G or Folgers, or (B) has reached the age of 55 with at least 20 years of service with P&G or FolgersCompany, or (iii) if a Change in Control occurs during the threefour-year period from the Date of Grant while the Grantee is employed by the Company or a Subsidiary.