Common use of Vesting of PSUs Clause in Contracts

Vesting of PSUs. Notwithstanding anything to the contrary in the Agreement or in the Plan, the Grantee shall be considered "Disabled" for the purposes of this Agreement, if the Grantee's employment contract ends as a consequence of the Grantee being granted a permanent statutory pension for full occupational disability (unbefristete Rente wegen xxxxxx Erwerbsminderung) by the competent authorities.

Appears in 4 contracts

Samples: Performance Share Units Agreement (ENVIRI Corp), Performance Share Units Agreement (Harsco Corp), Performance Share Units Agreement (Harsco Corp)

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Vesting of PSUs. Notwithstanding anything to the contrary in the Agreement or in the Plan, the Grantee shall be considered "Disabled" for the purposes of this Agreement, if the Grantee's ’s employment contract ends as a consequence of the Grantee being granted a permanent statutory pension for full occupational disability (unbefristete Rente wegen xxxxxx Erwerbsminderung) by the competent authorities.

Appears in 1 contract

Samples: Performance Share Units Agreement (Harsco Corp)

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