Common use of Retirement of Employee Clause in Contracts

Retirement of Employee. In the event that the Employee incurs a Termination of Service due to his or her Retirement, the Performance Shares subject to this Performance Share award shall vest on the date of the Employee’s Retirement as follows: [INSERT DESCRIPTION OF VESTING CONDITIONS] In the event that any applicable law limits the Company’s ability to accelerate the vesting of this award of Performance Shares, this paragraph 4(c) shall be limited to the extent required to comply with applicable law.

Retirement of Employee. In the event that the Employee incurs a Termination of Service due to his or her Retirement, the Performance Shares subject to this Performance Share award shall vest on the date of the Employee’s Retirement as follows: [INSERT DESCRIPTION OF VESTING CONDITIONS] ]. In the event that any applicable law limits the Company’s ability to accelerate the vesting of this award of Performance Shares, this paragraph 4(c) shall be limited to the extent required to comply with applicable law.