Common use of Vesting of Restricted Units Clause in Contracts

Vesting of Restricted Units. (a) Except as otherwise provided in this Agreement, this grant of Restricted Units shall vest in full on the Vesting Date above. Prior to the Vesting Date, no portion of the award is vested, except as otherwise provided in Section 2(b) or (c). (b) All of the Restricted Units shall vest in full prior to the Vesting Date upon the occurrence of any of the following: (i) the Grantee dies while in the employ of the Company; (ii) the Grantee satisfies the requirements for Retirement, including separation from employment with the Company; (iii) the Grantee has a Disability; or (iv) there is a Change in Control event described in Section 2(g) of the Plan. (c) The Committee may, in its sole discretion, accelerate the time at which the Restricted Units become vested and non-forfeitable to a time other than the Vesting Date as provided in Section 2(a) or to a time other than provided in Section (2)(b)(i), (ii), (iii) or (iv) on such terms and conditions as it deems appropriate in accordance with the terms and conditions of the Plan, provided such acceleration does not result in an impermissible acceleration of payments under Section 409A of the Code.

Vesting of Restricted Units. (a) Except as otherwise provided in this Agreement, this This grant of Restricted Units shall vest in full on upon the Vesting Date above. Prior to the Vesting Date, no portion of the award is vested, except as otherwise provided in Section 2(b) or (c). (b) All Notwithstanding Section 2(a), all of the Restricted Units shall vest in full prior accordance with the terms and conditions of the Plan if, during the period from the Grant Date through to the Vesting Date upon (the occurrence of any of the following: “Vesting Period”), (i) the Grantee dies while in the employ of the CompanyCompany or any Subsidiary; (ii) the Grantee satisfies the requirements for Retirement, including separation from Retirement (other than the requirement that the Grantee terminate employment with the CompanyCompany and its Subsidiaries); (iii) the Grantee has a Disability; or (iv) there is a Change in Control an event described in Section 2(g) Sections 4.3 or 4.4 of the Plan. (c) The Notwithstanding anything contained in this Agreement to the contrary, the Committee may, in its sole discretion, accelerate the time at which the Restricted Units become vested and non-forfeitable to a time other than the Vesting Date as provided in Section 2(a) or to a time other than provided in Section (2)(b)(i), (ii), (iii) or (iv) nonforfeitable on such terms and conditions as it deems appropriate in accordance with the terms and conditions of the Plan, provided such acceleration does not result in an impermissible acceleration of payments under Section 409A of the Code.

Vesting of Restricted Units. (a) Except as otherwise provided in this Agreement, this grant of Restricted Units shall vest in full on the Vesting Date above. Prior to the Vesting Date, no portion of the award is vested, except as otherwise provided in Section 2(b) or (c)2. (b) All of the Restricted Units shall vest in full prior to the Vesting Date upon the occurrence of any of the following: (i) the Grantee dies while in the employ of the Company; (ii) the Grantee satisfies the requirements for Retirement, including separation from employment with the Company; or (iii) the Grantee has a Disability; or (iv) there is a Change in Control event described in Section 2(g) of the Plan. (c) The Committee may, in its sole discretion, accelerate the time at which the Restricted Units become vested and non-forfeitable to a time other than the Vesting Date as provided in Section 2(a) or to a time other than provided in Section (2)(b)(i), (ii), or (iii) or (iv) on such terms and conditions as it deems appropriate in accordance with the terms and conditions of the Plan, provided such acceleration does not result in an impermissible acceleration of payments under Section 409A of the Code. (d) The extent to which the Restricted Units may vest upon a Change in Control is described on Appendix A attached hereto.

Vesting of Restricted Units. (a) Except as otherwise provided in this Agreement, this grant of Restricted Units shall vest in full on the Vesting Date above. Prior to the Vesting Date, no portion of the award is vested, except as otherwise provided in Section 2(b) or (c). (b) All of the Restricted Units shall vest in full prior to the Vesting Date upon the occurrence of any of the following: (i) the Grantee dies while in the employ of the Company; (ii) the Grantee satisfies the requirements for Retirement, including separation from Retirement (other than the requirement that the Grantee terminate employment with the Company); (iii) the Grantee has a Disability; or (iv) there is a Change in Control an event described in Section 2(g) of the Plan. (c) The Committee may, in its sole discretion, accelerate the time at which the Restricted Units become vested and non-forfeitable nonforfeitable to a time other than the Vesting Date as provided in Section 2(a) or to a time other than provided in Section (2)(b)(i), (ii), (iii) or (iv) on such terms and conditions as it deems appropriate in accordance with the terms and conditions of the Plan, provided such acceleration does not result in an impermissible acceleration of payments under Section 409A of the Code.