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.
Appears in 6 contracts
Samples: 2011 Omnibus Incentive Plan (Itt Inc.), Omnibus Incentive Plan (ITT Inc.), Omnibus Incentive Plan (ITT Inc.)
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(a2(b) at the time and in the form as provided in subsection 2(b2(c) above.
Appears in 3 contracts
Samples: Omnibus Incentive Plan (ITT Inc.), Corporation 2011 Omnibus Incentive Plan (ITT Corp), Corporation 2011 Omnibus Incentive Plan (ITT Corp)
