Termination Due to Normal Retirement. Death, or Disability ---------------------------------------------------------- Upon an Executive's Date of Termination due to his voluntary decision to retire on or after his Normal Retirement Date (other than for Good Reason during the Extended Employment Period), death or Disability, the Term of this Termination Agreement will immediately terminate and all obligations of the Company and Executive under this Termination Agreement will immediately cease; PROVIDED, HOWEVER, that subject to the provisions of Section 13(c), the Company will pay Executive (or his beneficiaries or estate), and Executive (or his beneficiaries or estate) will be entitled to receive, the following:
Termination Due to Normal Retirement. (A) After First 12 Months. If the Participant’s separation from service is due to Normal Retirement (as defined below), and the separation from service occurs at least twelve (12) months after the first day of the Performance Period, the Award shall vest and will be payable in the amount determined pursuant to subsection 2(a) at the time and in the form as provided in subsection 2(b) above.
Termination Due to Normal Retirement. Subject to Section 5.5, if Employee's employment is terminated due to Normal Retirement, then the Option may be exercised for a period of three years from the date of such termination or until the expiration of the Exercise Period, whichever is shorter.
Termination Due to Normal Retirement. If Grantee’s employment by CSS terminates due to Normal Retirement, then the portion of the Option that was exercisable as of the date of termination of employment may, in the case of a Non-Qualified Stock Option, be exercised for a period of one year from the date of such termination, or in the case of an Incentive Stock Option, for a period of three months from the date of such termination or, in each case, until the expiration of the Option, whichever period is then shorter. The portion of the Option not yet exercisable on the date of termination of employment shall immediately expire.
Termination Due to Normal Retirement. In connection with the Grantee’s Normal Retirement, this Stock Appreciation Right shall be deemed to be fully vested and exercisable as of the date of such Normal Retirement and shall continue to be exercisable until the Expiration Date.
Termination Due to Normal Retirement. If the Optionee's employment is terminated as a result of the Optionee's Normal Retirement (as defined below), the Option shall expire on the earlier of February 19, 2026, or the date five years after the termination of the Optionee's employment due to Normal Retirement. If the Optionee’s separation from service is due to Normal Retirement (as defined below), and the separation from service occurs at least twelve (12) months after the Grant Date, the Option shall immediately become 100% vested as of such separation from service. If the Optionee’s separation from service is due to Normal Retirement and the separation from service occurs within the twelve (12) month period beginning on the Grant Date, a prorated portion of the Option shall immediately vest as of such separation from service determined by multiplying the total number of Shares subject to such Option by a fraction, the numerator of which is the number of full months the Optionee has been continually employed since the Grant Date and the denominator of which is 12. For this purpose, full months of employment shall be based on monthly anniversaries of the Grant Date, not calendar months.
Termination Due to Normal Retirement. Notwithstanding any provisions of this Agreement to the contrary, the number of Target Units awarded hereunder may be reduced in the event that the Participant terminates with the Company due to Normal Retirement at any time within the calendar year in which the Performance Period related to the Target Units begins. In such an event, the amount of the Target Units for all purposes under this Agreement shall thereafter equal the number of the Target Units granted herein multiplied by a faction, the numerator of which is the number of full months in such calendar year that were completed before the Participant’s termination and the denominator of which is 12. If the Participant’s termination of employment is due to Normal Retirement (as defined below), this Award will continue to vest through the end of the Performance Period, but only if the Participant satisfies the applicable provisions set forth in subsection 2(i) below after such separation from service. The amount of the payment of the Award will be determined in accordance with subsection 2(a) above, and payment will be made at the time and form provided in subsection 2(b) above. If the Participant violates the aforementioned provisions, the Participant shall forfeit this Award.
Termination Due to Normal Retirement. Subject to Section 7(i) and (j) and the restrictions contained in this Agreement, in the event of Executive’s termination due to Normal Retirement during the Term, the Company shall pay to Executive the amounts described in Section 7(a), but Executive shall not be entitled to any severance, salary continuation or other termination pay. However, the Company also shall do all of the following:
Termination Due to Normal Retirement. If the Optionee's employment is terminated as a result of the Optionee's Normal Retirement (as defined below), the Option shall expire on the earlier of March 4, 2024, or the date five years after the termination of the Optionee's employment due to Normal Retirement. If the Optionee’s employment is terminated as a result of Normal Retirement, then the Option, to the extent then not vested, will continue to vest in accordance with subsection 2(c) above, but only if the Optionee satisfies the obligation imposed on the Optionee under subsection 2(h) after such termination of employment. If the Optionee violates the aforementioned provisions, the Optionee shall forfeit any unexercised portion of the Option.
Termination Due to Normal Retirement. In connection with the Grantee’s Normal Retirement (as defined below), this Stock Appreciation Right shall be deemed to have fully vested and be exercisable as of the date of such Normal Retirement and shall continue to be exercisable until the Expiration Date. For purposes of this Agreement, the date of the Grantee’s “Normal Retirement” shall mean the Grantee’s “Normal Retirement Date” as such term is defined in the Company’s Unfunded Supplemental Executive Retirement Plan (as amended from time-to-time), without regard to whether the Grantee is a participant in such plan.
