Date of Vesting. Subject to Burns’ continued employment hereunder through the relevant vesting date, the RSUs shall vest as follows:
Date of Vesting. The Common Shares subject to this Grant shall vest in full as of the earliest of (1) one year after the date on which the Board of Directors of the Company (the "Board") elects a permanent (as opposed to acting) Chief Executive Officer to succeed Robert B. Fritsch, (2) one year after the date on which a "Change in Control" (as defined below) occurs, or (3) January 31, 1997, provided that Employee is then still employed by the Company or by any "Related Corporation" (as defined below). Such Common Shares shall also vest in full upon the earlier termination of Employee's employment with the Company and all Related Corporations for any reason other than resignation without the express consent of the Board or "Cause" (as defined below). Notwithstanding the foregoing, the Committee, if it determines that the circumstances warrant, may accelerate the date of vesting of all or a portion of the Common Shares which are not vested, subject to such further conditions, if any, as the Committee may determine.
Date of Vesting shall be the policy anniversary date coinciding with or immediately following the completion of 18 years of age. On such vesting date, this policy shall be deemed to be a contract between the Corporation and the Life Assured. The Life Assured shall become the absolute owner of the policy and the proposer or his estate shall cease to have any right or interest therein.