Common use of Competition After Retirement or Disability Clause in Contracts

Competition After Retirement or Disability. The Restricted Stock Units that would otherwise continue to vest after the Grantee ceases to be an Employee due to Retirement or Disability as provided in Section 5 shall continue to vest only if, prior to the Vesting Date, the Grantee does not engage in any activities that compete with the business operations of the Company and its Affiliates, including, but not limited to, working in any capacity for another company engaged in the processing of agricultural commodities, the manufacturing of biodiesel, ethanol, or food and feed ingredients, or the operation of grain elevators and crop origination and transportation networks. Prior to the issuance of Shares, the Grantee may be required to certify to the Company and provide such other evidence to the Company as the Company may reasonably require that he or she has not engaged in any activities that competes with the business operations of the Company and its Affiliates since the Grantee ceased to be an Employee due to Retirement or Disability.

Appears in 3 contracts

Samples: Restricted Stock Unit Award Agreement (Archer Daniels Midland Co), Restricted Stock Unit Award Agreement (Archer Daniels Midland Co), Restricted Stock Unit Award Agreement (Archer Daniels Midland Co)

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Competition After Retirement or Disability. The Restricted Stock Units Shares that would otherwise continue to vest after the Grantee ceases to be an Employee due to Retirement or Disability as provided in Section 5 6 shall continue to vest only if, prior to the Vesting Date, the Grantee does not engage in any activities that compete with the business operations of the Company and its Affiliates, including, but not limited to, working in any capacity for another company engaged in the processing of agricultural commodities, the manufacturing of biodiesel, ethanol, or food and feed ingredients, or the operation of grain elevators and crop origination and transportation networks. Prior to the issuance release of Sharesunrestricted Shares as provided in Section 5, the Grantee may be required to certify to the Company and provide such other evidence to the Company as the Company may reasonably require that he or she has not engaged in any activities that competes compete with the business operations of the Company and its Affiliates since the Grantee ceased to be an Employee due to Retirement or Disability.

Appears in 2 contracts

Samples: Restricted Stock Award Agreement (Archer Daniels Midland Co), Restricted Stock Award Agreement (Archer Daniels Midland Co)

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