Common use of Vesting Termination of Employment Clause in Contracts

Vesting Termination of Employment. Except as set forth in this Section 6 and in Section 7, Xxxxxxx’s Performance Stock Unit Award will remain unvested until the Vesting Date and, in the event that Grantee experiences a Termination of Employment prior to the Vesting Date, this Award Agreement will terminate and be of no further force or effect as of the date of any such Termination of Employment, except to the extent otherwise provided by the Committee in accordance with the Plan. Notwithstanding the foregoing, in the event of Xxxxxxx’s death, Disability or Retirement (each, a “Vesting Event”) prior to the Vesting Date, each Performance Stock Unit Award will be payable at the time set forth in Section 5 as follows: a If the Vesting Event occurs after the completion of the Performance Period, the number of shares of Stock earned will be based on the extent to which the Performance Goal established under Section 4 has been achieved; and b If the Vesting Event occurs before completion of the Performance Period, the number of shares of Stock earned will be based on the extent to which the Performance Goal established under Section 4 has been achieved as of the last day of such Performance Period, except that the number of shares of Stock earned will be pro-rated based on (i) the number of days which have elapsed during such Performance Period up to and including the day such Vesting Event occurs, divided by (ii) the number of days in the Performance Period.

Vesting Termination of Employment. Except as set forth in this Section 6 and in Section 76, XxxxxxxEmployee’s Performance Stock Unit Award will remain unvested until the Vesting Date last day of the Performance Period and, in the event that Grantee Employee experiences a Termination of Employment prior to the Vesting Datelast day of the Performance Period, this Award Agreement will terminate and be of no further force or effect as of the date of any such Termination of Employment, except to the extent otherwise provided by the Committee in accordance with the Plan. Notwithstanding the foregoing, in the event of XxxxxxxEmployee’s death, Disability or Retirement (each, a “Vesting Event”) prior to the Vesting Date), each Performance Stock Unit Award Tranche will be payable at the time set forth in Section 5 4(c) as follows: a : (a) If the Vesting Event occurs after the completion of the Performance PeriodInterval applicable to such Tranche, the number of shares of Stock earned with respect to such Tranche will be based on the extent to which the Performance Goal Goals established under Section 4 has 4(b) with respect to such Performance Interval have been achieved; and b and (b) If the Vesting Event occurs before completion of the Performance PeriodInterval applicable to such Tranche, the number of shares of Stock earned with respect to such Tranche will be based on upon the extent to which the Performance Goal Goals established under Section 4 has 4(b) with respect to such Performance Interval have been achieved as of the last day of such Performance PeriodInterval, except that the number of shares of Stock earned will be pro-rated based on (i) the number of days which have elapsed during such Performance Period Interval up to and including the day such Vesting Event occurs, divided by (ii) the number of days in the Performance Period365.

Vesting Termination of Employment. Except as set forth in this Section 6 and in Section 76, XxxxxxxEmployee’s Performance Stock Unit Cash Award will remain unvested until the Vesting Date last day of the Third Performance Period and, in the event that Grantee Employee experiences a Termination of Employment prior to the Vesting Datelast day of the Third Performance Period, this Award Agreement will terminate and be of no further force or effect as of the date of any such Termination of Employment, except to the extent otherwise provided by the Committee in accordance with the Plan. Notwithstanding the foregoing, in the event of XxxxxxxEmployee’s death, Disability Disability, or Retirement (each, a “Vesting Event”) prior to the Vesting Date), each Performance Stock Unit Award Tranche will vest and be payable at the time set forth in Section 5 4(c) as follows: a : (a) If the Vesting Event occurs after the completion of the Performance PeriodPeriod applicable to such Tranche, the number amount of shares of Stock the Cash Award earned with respect to such Tranche will be based on the extent to which the Performance Goal Goals established under Section 4 has 4(b) with respect to such Performance Period have been achieved; and b and (b) If the Vesting Event occurs before completion of the Performance PeriodPeriod applicable to such Tranche, the number amount of shares of Stock the Cash Award earned with respect to such Tranche will be based on upon the extent to which the Performance Goal Goals established under Section 4 has 4(b) with respect to such Performance Period have been achieved as of the last day of such Performance Period, except that the number amount of shares of Stock the Cash Award earned will be pro-rated based on (i) the number of days which have elapsed during such Performance Period up to and including the day such Vesting Event occurs, divided by (ii) the number of days in the Performance Period365.

Vesting Termination of Employment. Except as set forth in this Section 6 and in Section 76, XxxxxxxEmployee’s Performance Stock Unit Award will remain unvested until the Vesting Date last day of the Third Performance Period and, in the event that Grantee Employee experiences a Termination of Employment prior to the Vesting Datelast day of the Third Performance Period, this Award Agreement will terminate and be of no further force or effect as of the date of any such Termination of Employment, except to the extent otherwise provided by the Committee in accordance with the Plan. Notwithstanding the foregoing, in the event of XxxxxxxEmployee’s death, Disability or Retirement (each, a “Vesting Event”) prior to the Vesting Date), each Performance Stock Unit Award Tranche will be payable at the time set forth in Section 5 4(c) as follows: a : (a) If the Vesting Event occurs after the completion of the Performance PeriodPeriod applicable to such Tranche, the number of shares of Stock earned with respect to such Tranche will be based on the extent to which the Performance Goal Goals established under Section 4 has 4(b) with respect to such Performance Period have been achieved; and b and (b) If the Vesting Event occurs before completion of the Performance PeriodPeriod applicable to such Tranche, the number of shares of Stock earned with respect to such Tranche will be based on upon the extent to which the Performance Goal Goals established under Section 4 has 4(b) with respect to such Performance Period have been achieved as of the last day of such Performance Period, except that the number of shares of Stock earned will be pro-rated based on (i) the number of days which have elapsed during such Performance Period up to and including the day such Vesting Event occurs, divided by (ii) the number of days in the Performance Period365.

Vesting Termination of Employment. Except as set forth in this Section 6 and in Section 7, Xxxxxxx’s Performance Stock Unit Cash Award will remain unvested until the Vesting Date and, in the event that Grantee experiences a Termination of Employment prior to the Vesting Date, this Award Agreement will terminate and be of no further force or effect as of the date of any such Termination of Employment, except to the extent otherwise provided by the Committee in accordance with the Plan. Notwithstanding the foregoing, in the event of Xxxxxxx’s death, Disability Disability, or Retirement (each, a “Vesting Event”) prior to the Vesting Date, each Performance Stock Unit the Cash Award will vest and be payable at the time set forth in Section 5 as follows: a If the Vesting Event occurs after the completion of the Performance Period, the number amount of shares of Stock the Cash Award earned will be based on the extent to which the Performance Goal established under Section 4 has been achieved; and b If the Vesting Event occurs before completion of the Performance Period, the number amount of shares of Stock the Cash Award earned will be based on the extent to which the Performance Goal established under Section 4 has been achieved as of the last day of such the Performance Period, except that the number amount of shares of Stock the Cash Award earned will be pro-rated based on (i) the number of days which have elapsed during such Performance Period up to and including the day such Vesting Event occurs, divided by (ii) the number of days in the Performance Period.

Vesting Termination of Employment. Except as set forth in this Section 6 and in Section 76, XxxxxxxEmployee’s Performance Stock Unit Cash Award will remain unvested until the Vesting Date last day of the Performance Period and, in the event that Grantee Employee experiences a Termination of Employment prior to the Vesting Datelast day of the Performance Period, this Award Agreement will terminate and be of no further force or effect as of the date of any such Termination of Employment, except to the extent otherwise provided by the Committee in accordance with the Plan. Notwithstanding the foregoing, in the event of XxxxxxxEmployee’s death, Disability Disability, or Retirement (each, a “Vesting Event”) prior to the Vesting Date), each Performance Stock Unit Award Tranche will vest and be payable at the time set forth in Section 5 4(c) as follows: a : (a) If the Vesting Event occurs after the completion of the Performance PeriodInterval applicable to such Tranche, the number amount of shares of Stock the Cash Award earned with respect to such Tranche will be based on the extent to which the Performance Goal Goals established under Section 4 has 4(b) with respect to such Performance Interval have been achieved; and b and (b) If the Vesting Event occurs before completion of the Performance PeriodInterval applicable to such Tranche, the number amount of shares of Stock the Cash Award earned with respect to such Tranche will be based on upon the extent to which the Performance Goal Goals established under Section 4 has 4(b) with respect to such Performance Interval have been achieved as of the last day of such Performance PeriodInterval, except that the number amount of shares of Stock the Cash Award earned will be pro-rated based on (i) the number of days which have elapsed during such Performance Period Interval up to and including the day such Vesting Event occurs, divided by (ii) the number of days in the Performance Period365.

Vesting Termination of Employment. Except as set forth in this Section 6 and in Section 7, XxxxxxxGrantee’s Performance Stock Unit Cash Award will remain unvested until the Vesting Date and, in the event that Grantee experiences a Termination of Employment prior to the Vesting Date, this Award Agreement will terminate and be of no further force or effect as of the date of any such Termination of Employment, except to the extent otherwise provided by the Committee in accordance with the Plan. Notwithstanding the foregoing, in the event of XxxxxxxGrantee’s death, Disability Disability, or Retirement (each, a “Vesting Event”) prior to the Vesting Date, each Performance Stock Unit the Cash Award will vest and be payable at the time set forth in Section 5 as follows: a : (a) If the Vesting Event occurs after the completion of the Performance Period, the number amount of shares of Stock the Cash Award earned will be based on the extent to which the Performance Goal Goals established under Section 4 has have been achieved; and b and (b) If the Vesting Event occurs before completion of the Performance Period, the number amount of shares of Stock the Cash Award earned will be based on the extent to which the Performance Goal Goals established under Section 4 has have been achieved as of the last day of such the Performance Period, except that the number amount of shares of Stock the Cash Award earned will be pro-rated based on (i) the number of days which have elapsed during such Performance Period up to and including the day such Vesting Event occurs, divided by (ii) the number of days in the Performance Period.