Forfeiture and Termination of Employment. Unless otherwise determined by the Committee, if Employee’s employment terminates and he or she thereafter is not an employee of the Company or any of its subsidiaries (a “Termination”), and such Termination is for any reason other than due to death, permanent disability, Retirement or involuntary termination by the Company for reasons other than “Cause,” the Restricted Stock Units as to which the Restricted Period has not lapsed at or before such Termination shall be forfeited at the time of such Termination. Accordingly, unless otherwise determined by the Committee, Employee’s voluntary Termination (other than due to Retirement) or Termination by the Company for Cause will result in all Restricted Stock Units as to which the Restricted Period has not lapsed being immediately forfeited. Vesting and forfeiture terms applicable to other terminations are as follows:
Forfeiture and Termination of Employment. Unless otherwise determined by the Committee, in the event of Employee’s Termination, and such Termination is for any reason other than due to death, Permanent Disability, Retirement or, more than one year after the Grant Date, involuntary Termination by the Company for reasons other than “Cause,” the Restricted Stock Units as to which the Restricted Period has not lapsed at or before such Termination shall be forfeited at the time of such Termination. Accordingly, unless otherwise determined by the Committee, Employee’s voluntary Termination (other than due to Retirement) or Termination by the Company for Cause or, within one year after the Grant Date, involuntary Termination by the Company not for Cause will result in all Restricted Stock Units as to which the Restricted Period has not lapsed being immediately forfeited. Vesting and forfeiture terms applicable to other terminations are as follows:
