Common use of Retirement Provisions Clause in Contracts

Retirement Provisions. The provisions of this Section 2(h) shall apply to any Employee who satisfies the following requirements on the Grant Date: (I) the Employee has reached sixty (60) years of age, and (II) the Employee has completed at least ten (10) years of service as an employee of the Company. If an Employee does not satisfy the requirements in the preceding sentence on the Grant Date but subsequently satisfies those requirements during the term of this Agreement, then the provisions of this Section 2(h) shall apply to such Employee on a prospective basis:

Appears in 5 contracts

Samples: Stock Unit Award Agreement (Dynegy Inc.), Stock Unit Award Agreement (Dynegy Inc.), Stock Unit Award Agreement (Dynegy Inc.)

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