Common use of Vesting Upon Retirement with Consent Clause in Contracts

Vesting Upon Retirement with Consent. If the Optionee should retire with the Company’s consent before the fourth anniversary of the Date of Grant, then the Optionee’s Option shall become nonforfeitable in accordance with the terms and conditions of Section 1(a) as if the Optionee had remained in the continuous employ of the Company or a Subsidiary from the Date of Grant until the date of the fourth anniversary or the occurrence of an event referenced in Section 2, whichever occurs first.

Vesting Upon Retirement with Consent. If the Optionee should retire retiree with the Company’s consent before the fourth anniversary of the Date of Grant, then the Optionee’s Option shall become nonforfeitable in accordance with the terms and conditions of Section 1(a) as if the Optionee had remained in the continuous employ of the Company or a Subsidiary subsidiary from the Date of Grant until the date of the fourth anniversary or the occurrence of an event referenced in Section 2, whichever occurs first.

Vesting Upon Retirement with Consent. If the Optionee should retire with the Company’s consent before the fourth anniversary of the Date of Grant, then the Optionee’s Option shall become nonforfeitable in accordance with the terms and conditions of Section 1(a) as if the Optionee had remained in the continuous employ of the Company or a Subsidiary from CLI-202342575v3 the Date of Grant until the date fourth anniversary of the fourth anniversary Date of Grant or the occurrence of an event referenced in Section 2, whichever occurs first.

Vesting Upon Retirement with Consent. If the Optionee should retire retires with the Company’s consent before the fourth anniversary of the Date of Grant, then the Optionee’s Option shall become nonforfeitable in accordance with the terms and conditions of Section 1(a) as if the Optionee had remained in the continuous employ of the Company or a Subsidiary from the Date of Grant until the date fourth anniversary of the fourth anniversary Date of Grant or the occurrence of an event referenced in Section 2, whichever occurs first.

Vesting Upon Retirement with Consent. If the Optionee should retire with the Company’s consent before the fourth anniversary of the Date of Grant, then the Optionee’s Option shall become nonforfeitable in accordance with the terms and conditions of Section 1(a) as if the Optionee had remained in the continuous employ of the Company or a Subsidiary from the Date of Grant until the date fourth anniversary of the fourth anniversary Date of Grant or the occurrence of an event referenced in Section 2, whichever occurs first.