Common use of Vesting Upon Retirement Clause in Contracts

Vesting Upon Retirement. In the event of the Participant’s termination of employment by reason of Retirement before the expiration of the Vesting Schedule, then the vesting of the Shares under the Vesting Schedule shall be automatically accelerated in full so that all of the Shares shall become Vested Shares, effective as of the date of such Retirement.

Vesting Upon Retirement. In the event of the Participant’s termination of employment Service by reason of Retirement before the expiration of the Vesting Schedule, then the vesting of the Shares under the Vesting Schedule shall be automatically accelerated in full so that all of the Shares shall become Vested Shares, effective as of the date of such Retirement.