Common use of Lapse of Forfeiture Restrictions Clause in Contracts

Lapse of Forfeiture Restrictions. All Restricted Stock Units are subject to forfeiture, as provided in subparagraph (a), until the forfeiture restrictions lapse in accordance with the following schedule provided that Colleague has been continuously employed by the Company from the Award Date through the lapse date: Percentage of Time From Restrictions Which Total Percentage of Date of Award Lapse (Vesting) Restrictions Lapsed After 1 year 0 % 0 % After 2 years 25 % 25 % After 3 years 25 % 50 % After 4 years 25 % 75 % After 5 years 25 % 100 % Notwithstanding the foregoing, the forfeiture restrictions shall lapse as to all of the Restricted Stock Units on the earlier of (i) subject to the discretion of the Committee, the occurrence of a Change in Control Event (as such term is defined in the Plan), or (ii) the date Colleague’s employment with the Company is terminated by reason of death or Total Disability. In the event Colleague’s employment is terminated for any other reason, the Committee or its delegate, as appropriate, may, in the Committee’s or such delegate’s sole discretion, approve the lapse of forfeiture restrictions as to any or all Restricted Stock Units still subject to such conditions, such lapse to be effective on the date of such approval or Colleague’s termination date, if later.

Lapse of Forfeiture Restrictions. All The Forfeiture Restrictions shall lapse as to the Restricted Stock Units are subject to forfeiture, as provided in subparagraph (a), until the forfeiture restrictions lapse Shares in accordance with the following schedule provided that Colleague has been continuously employed by the Company from the Award Date through the lapse date: Percentage Time from Date of Time From Restrictions Which Award Restricted Stock Vesting Total Percentage of Date of Award Lapse (Vesting) Restrictions Lapsed After 1 year 0 % 0 % After 2 years 25 % 25 % After 3 years 25 % 50 % After 4 years 25 % 75 % After 5 years 25 % 100 % Notwithstanding the foregoing, the forfeiture restrictions Forfeiture Restrictions shall lapse as to all of the Restricted Stock Units Shares on the earlier of (i) subject to the discretion of the Committee, the occurrence of a Change in Control Event (as such term is defined in the Plan), or (ii) the date Colleague’s employment with the Company is terminated by reason of death or Total Disability. In the event Colleague’s employment is terminated for any other reason, the Committee or its delegate, as appropriate, may, in the Committee’s or such delegate’s sole discretion, approve the lapse of forfeiture restrictions Forfeiture Restrictions as to any or all Restricted Stock Units Shares still subject to such conditionsrestrictions, such lapse to be effective on the date of such approval or Colleague’s termination date, if later.

Lapse of Forfeiture Restrictions. All Restricted Stock Units are subject to forfeiture, as provided in subparagraph (a), until the forfeiture restrictions lapse in accordance with the following schedule provided that Colleague has been continuously employed by the Company from the Award Date through the lapse date: Percentage of Time From Restrictions Which Total Percentage of Time From Date of Award Lapse (Vesting) Restrictions Lapsed After 1 year 0 % 0 % After 2 years 25 % 25 % After 3 years 25 % 50 % After 4 years 25 % 75 % After 5 years 25 100 % 100 % Notwithstanding the foregoing, the forfeiture restrictions shall lapse as to all of the Restricted Stock Units on the earlier of (i) subject to the discretion of the Committee, the occurrence of a Change in Control Event (as such term is defined in the Plan), or (ii) the date Colleague’s employment with the Company is terminated by reason of death or Total Disability. In the event Colleague’s employment is terminated for any other reason, the Committee or its delegate, as appropriate, may, in the Committee’s or such delegate’s sole discretion, approve the lapse of forfeiture restrictions as to any or all Restricted Stock Units still subject to such conditions, such lapse to be effective on the date of such approval or Colleague’s termination date, if later.

Lapse of Forfeiture Restrictions. All Restricted Stock Units are subject to forfeiture, as provided in subparagraph (a), until the forfeiture restrictions lapse in accordance with the following schedule provided that Colleague has been continuously employed by the Company from the Award Date through the lapse date: Percentage of Time From Restrictions Which Total Percentage of Date of Award Lapse (Vesting) Restrictions Lapsed After 1 year 0 0% 0 0% After 2 years 25 25% 25 25% After 3 years 25 25% 50 50% After 4 years 25 25% 75 75% After 5 years 25 25% 100 100% Notwithstanding the foregoing, the forfeiture restrictions shall lapse as to all of the Restricted Stock Units on the earlier of (i) subject to the discretion of the Committee, the occurrence of a Change in Control Event (as such term is defined in the Plan), or (ii) the date Colleague’s employment with the Company is terminated by reason of death death, Total Disability or Total DisabilityRetirement. In the event Colleague’s employment is terminated for any other reason, including retirement prior to age sixty-five with the approval of the Company or employing subsidiary, the Committee or its delegate, as appropriate, may, in the Committee’s or such delegate’s sole discretion, approve the lapse of forfeiture restrictions as to any or all Restricted Stock Units still subject to such conditions, such lapse to be effective on the date of such approval or Colleague’s termination date, if later.

Lapse of Forfeiture Restrictions. All The Forfeiture Restrictions shall lapse as to the Restricted Stock Units are subject to forfeiture, as provided in subparagraph (a), until the forfeiture restrictions lapse Shares in accordance with the following schedule provided that Colleague has been continuously employed by the Company from the Award Date through the lapse date: Percentage Time from Date of Time From Restrictions Which Award Restricted Stock Vesting Total Percentage of Date of Award Lapse (Vesting) Restrictions Lapsed After 1 year 0 0% 0 0% After 2 years 25 25% 25 25% After 3 years 25 25% 50 50% After 4 years 25 25% 75 75% After 5 years 25 25% 100 100% Notwithstanding the foregoing, the forfeiture restrictions Forfeiture Restrictions shall lapse as to all of the Restricted Stock Units Shares on the earlier of (i) subject to the discretion of the Committee, the occurrence of a Change in Control Event (as such term is defined in the Plan), or (ii) the date Colleague’s employment with the Company is terminated by reason of death death, Total Disability or Total DisabilityRetirement. In the event Colleague’s employment is terminated for any other reason, including retirement prior to age sixty-five with the approval of the Company or employing subsidiary, the Committee or its delegate, as appropriate, may, in the Committee’s or such delegate’s sole discretion, approve the lapse of forfeiture restrictions Forfeiture Restrictions as to any or all Restricted Stock Units Shares still subject to such conditionsrestrictions, such lapse to be effective on the date of such approval or Colleague’s termination date, if later.

Lapse of Forfeiture Restrictions. All earned Restricted Stock Units are subject to forfeitureforfeiture based on continued service, as provided in subparagraph (a), until the forfeiture restrictions lapse in accordance with the following schedule provided that Colleague has been continuously employed by the Company from the Award Date through the lapse date: Time From Percentage of Time From Date of Award Restrictions Which Total Percentage of Date of Award (“Vesting Date”) Lapse (Vesting) Restrictions Lapsed After 1 year 0 % 0 % After 2 years 25 % 25 % After 3 years 25 % 50 % After 4 years 25 % 75 % After 5 years 25 % 100 % Notwithstanding the foregoing, the forfeiture restrictions shall lapse as to all of the Restricted Stock Units on earlier upon the earlier of (i) subject to the discretion termination and vesting events provided in Section D of the Committee, the occurrence of a Change in Control Event (as such term is defined in the Plan), or (ii) the date Colleague’s employment with the Company is terminated by reason of death or Total DisabilityAddendum. In the event Colleague’s employment is terminated for any reason other reasonthan as provided in Section D of the Addendum, the Committee or its delegate, as appropriate, may, in the Committee’s or such delegate’s sole discretion, approve the lapse of forfeiture restrictions as to any or all Restricted Stock Units still subject to such conditions, such lapse to be effective on the date of such approval or Colleague’s termination date, if later.

Lapse of Forfeiture Restrictions. All The Forfeiture Restrictions shall lapse as to the Restricted Stock Units are subject to forfeiture, as provided in subparagraph (a), until the forfeiture restrictions lapse Shares in accordance with the following schedule provided that Colleague has been continuously employed by the Company from the Award Date through the lapse date: Percentage of Time From Restrictions Which Total Percentage of from Date of Award Lapse (Vesting) Restrictions Restricted Stock Vesting Total PercentageRestrictions Lapsed After 1 year 0 % 0 % After 2 years 25 % 25 % After 3 years 25 % 50 % After 4 years 25 % 75 % After 5 years 25 % 100 % Notwithstanding the foregoing, the forfeiture restrictions Forfeiture Restrictions shall lapse as to all of the Restricted Stock Units Shares on the earlier of (i) subject to the discretion of the Committee, the occurrence of a Change in Control Event (as such term is defined in the Plan), or (ii) the date Colleague’s employment with the Company is terminated by reason of death or Total Disability. In the event Colleague’s employment is terminated for any other reason, the Committee or its delegate, as appropriate, may, in the Committee’s or such delegate’s sole discretion, approve the lapse of forfeiture restrictions Forfeiture Restrictions as to any or all Restricted Stock Units Shares still subject to such conditionsrestrictions, such lapse to be effective on the date of such approval or Colleague’s termination date, if later.