Disability and Retirement. (a) Notwithstanding any other provision of this Award Agreement, but subject to Paragraph 6(b), if your Employment with the Company is terminated by reason of Disability or Retirement, the condition set forth in Paragraph 4(a) shall be waived with respect to your then outstanding unvested RSUs (as a result of which any such then unvested outstanding RSUs shall vest), but all other conditions of this Award Agreement shall continue to apply.
Disability and Retirement. (a) Notwithstanding any other provision of this Award Agreement, but subject to Paragraph 6(b):
Disability and Retirement. Upon the termination of the Participant’s employment with the Company, its Subsidiaries or its Affiliates thereof (i) due to Disability or (ii) by the Participant due to Retirement, the Participant shall continue to vest (as if the Participant’s employment had not been terminated) in the RSUs as set forth on Schedule 1 and the immediately following sentence. The RSUs shall continue to vest only if the Participant fully complies with any non-compete, non-disparagement, confidentiality and other restrictive covenants set forth in any agreement entered into between the Participant and the Company or its Subsidiaries or its Affiliates from time to time (including, but not limited to any Restrictive Covenants and Confidentiality Agreement entered into between the Participant and the Company) determined, notwithstanding the time periods set forth therein, as if all such restrictive covenants applied at all times while the Award is outstanding. The Board shall determine whether the Participant has complied with such restrictive covenants. Any portion of the RSUs that does not vest in accordance with the foregoing shall automatically be forfeited.
Disability and Retirement. If the Optionee’s service to the Company terminates by reason of Disability or Retirement, the Option shall become fully vested and exercisable and thereafter may be exercised for a period of twelve (12) months from the date of such termination of service or until the expiration of the term of the Option, whichever period is shorter, provided, however, that, if the Optionee dies within such twelve-month period and prior to the expiration of the term of the Option, the Option shall thereafter be exercisable for a period of twelve (12) months from the time of death or until the expiration of the term of the Option, whichever period is shorter.
Disability and Retirement. (a) Notwithstanding any other provision of this RSU Agreement, but subject to Paragraph 6(b), if your Board Service to the Company is terminated by reason of Disability or Retirement, the condition set forth in Paragraph 4(a) shall be waived with respect to your then outstanding unvested RSUs (as a result of which your unvested outstanding RSUs shall vest on the Vesting Date), but all other conditions of this RSU Agreement shall continue to apply.
Disability and Retirement. In the event of termination of the Grantee's employment by reason of retirement or permanent disability (as each is determined by the Plan Administrator), any options to the extent vested and exercisable on the date of retirement or disability may be exercised by Grantee, Grantee's estate or by any person who acquires the right to exercise the option as a conservator or guardian, prior to the sooner of (i) the expiration date provided in Section 7 and (ii) the close of business on the last business day that occurs prior to 180 days following such date of termination (in the case of permanent disability) or 90 days following such date of termination (in the case of retirement). This provision shall apply notwithstanding that fact that the Grantee's employment may have terminated prior to disability by reason of retirement or voluntary or involuntary termination of employment but only to the extent of options that are vested and exercisable on the date of disability.
Disability and Retirement. USDB will continue to pay its share of the insurance premiums during the waiting period until disability payments begin for an educator who retires under a long-term disability.
Disability and Retirement. Notwithstanding anything herein to the contrary, in the event that such Restricted Share Units vest prior to the applicable Vesting Date as a result of Awardee’s Termination of Employment due to Disability or Retirement, Awardee shall be entitled to receive the corresponding Shares from the Company on the date that is the first day of the seventh month after the date of Awardee’s “separation from service” with the Cardinal Group (determined in accordance with Section 409A of the Code).
Disability and Retirement. (a) Notwithstanding any other provision of this Award Agreement, but subject to Paragraph 6(b), if you become subject to Disability or terminate Employment by means of retirement at or after age 65 (“Retire”), the condition set forth in Paragraph 4(a) shall be waived with respect to your then outstanding unvested RSUs (as a result of which any such then unvested outstanding RSUs shall vest and the Shares (or securities or other property) corresponding to your outstanding RSUs shall be paid to you promptly after the date you become subject to Disability or Retire, but no later than 90 days thereafter (if you become subject to Disability) or the end of the calendar year in which such date falls (if you Retire), as applicable), but all other conditions of this Award Agreement shall continue to apply.
Disability and Retirement. In the event Employee’s employment is terminated (i) by the Company for Disability or (ii) as a result of Employee’s retirement on or after age 65, the PSUs will vest based on the level of achievement, if any, of the Performance Goal or Goals as certified by the Committee, prorated by multiplying the number of PSUs to which the Employee would have been entitled to on the Normal Vesting Date had the Employee’s termination not been terminated as certified by the Committee, by a fraction the numerator of which is the whole months worked from the date of grant to the date of separation from service and the denominator of which is 36 (the “Applicable Ratio”). The PSUs shall settle following the Committee’s certification of the Performance Goals following the end of the performance period and shall no longer be subject to any employment requirement hereunder.
