Common use of Termination Due to Retirement Clause in Contracts

Termination Due to Retirement. In the event of your Termination prior to the Vesting Date due to your Retirement, you will vest pro-rata in a percentage of the Number of Shares equal to your number of full months of service since the Date of Grant divided by thirty-six months, rounded down to the nearest whole share of Intuit Common Stock, and the Vesting Date under this Agreement will be your Termination Date. For purposes of this Award, Retirement means the Termination of your employment with the Company after you have reached age fifty-five (55) and completed ten full years of service with the Company (including any Parent or Subsidiary).

Appears in 3 contracts

Samples: Incentive Plan Grant Agreement (Intuit Inc), Intuit Inc, Intuit Inc

AutoNDA by SimpleDocs

Termination Due to Retirement. In the event of your Termination prior to the Vesting Date due to your Retirement, you will vest be vested pro-rata in a percentage of the Number of Shares equal to your number of full months of service since the Date of Grant divided by thirty-six monthsmonths times the Number of Shares, minus any Shares previously vested, rounded down to the nearest whole share Share of Intuit Common Stock, and the Vesting Date under this Agreement will be your Termination Date. For purposes of this Award, Retirement means the Termination of your employment with the Company after you have reached age fifty-five (55) and completed ten full years of service with the Company (including any Parent parent or Subsidiary).

Appears in 2 contracts

Samples: Equity Incentive Plan Grant Agreement (Intuit Inc), Grant Agreement (Intuit Inc)

Termination Due to Retirement. In the event of your Termination prior to the Vesting Date due to your Retirement, you will vest be vested pro-rata in a percentage of the Number of Shares equal to your number of full months of service since the Date of Grant divided by thirty-six monthsmonths times the Number of Shares, minus any shares previously vested, rounded down to the nearest whole share of Intuit Common Stock, and the Vesting Date under this Agreement will be your Termination Date. For purposes of this Award, Retirement means the Termination of your employment with the Company after you have reached age fifty-five (55) and completed ten full years of consecutive service with the Company (including any Parent or Subsidiary).

Appears in 2 contracts

Samples: Grant Agreement (Intuit Inc), Grant Agreement (Intuit Inc)

Termination Due to Retirement. In the event of your Termination prior to the Final Vesting Date due to your Retirement, then, provided that the Threshold Goal has been met, you will vest pro-rata in a percentage of the Number of Shares equal to your number of full months of service since the Date of Grant divided by thirty-six monthsmonths minus any Shares in which you already have vested, rounded down to the nearest whole share Share of Intuit Common Stock, and the Vesting Date under this Agreement will be your Termination Date. For purposes of this Award, Retirement “Retirement” means the Termination of your employment with the Company after you have reached age fifty-five (55) and completed ten full years of service with the Company (including any Parent parent or Subsidiary).

Appears in 2 contracts

Samples: Equity Incentive Plan Grant Agreement (Intuit Inc), Restricted Stock Unit (Intuit Inc)

Termination Due to Retirement. In the event of your Termination prior to the Vesting Date due to your Retirement, you will vest pro-rata in a percentage of the Number of Shares equal to your number of full months of service since the Date of Grant divided by thirty-six months, rounded down to the nearest whole share of Intuit Common Stock, and the Vesting Date under this Agreement will be your Termination Date. For purposes of this Award, Retirement means the Termination of your employment with the Company after you have reached age fifty-five (55) and completed ten five (5) full years of service with the Company (including any Parent or Subsidiary).

Appears in 2 contracts

Samples: Grant Agreement (Intuit Inc), Grant Agreement (Intuit Inc)

Termination Due to Retirement. In the event of your Termination prior to the last Vesting Date due to your Retirement, you will vest pro-rata in a percentage of the Number of Shares equal to your number of full months of service since the Date of Grant divided by thirty-six months, minus any Shares in which you already have vested, rounded down to the nearest whole share Share of Intuit Common Stock, and the Vesting Date under this Agreement will be your Termination Date. For purposes of this Award, Retirement “Retirement” means the Termination of your employment with the Company after you have reached age fifty-five (55) and completed ten full years of service with the Company (including any Parent parent or Subsidiary).

Appears in 1 contract

Samples: Restricted Stock Unit (Intuit Inc)

AutoNDA by SimpleDocs

Termination Due to Retirement. In the event of your Termination prior to the Vesting Date due to your Retirement, you will vest be vested pro-rata in a percentage of the Number of Shares equal to your number of full months of service since the Date of Grant divided by thirty-six months, rounded down to months times the nearest whole share Number of Intuit Common Stock, Shares and the Vesting Date under this Agreement will be your Termination Date. For purposes of this Award, Retirement means the Termination of your employment with the Company after you have reached age fifty-five (55) and completed ten full years of consecutive service with the Company (including any Parent or Subsidiary).

Appears in 1 contract

Samples: Grant Agreement (Intuit Inc)

Termination Due to Retirement. In the event of your Termination prior to the Vesting Date due to your Retirement, you will vest be vested pro-rata in a percentage of the Number of Shares equal to your number of full months of service since the Date of Grant divided by thirty-six monthsmonths times the Number of Shares, minus any shares previously vested, rounded down to the nearest whole share of Intuit Common Stock, and the Vesting Date under this Agreement will be your Termination Date. For purposes of this Award, Retirement means the Termination of your employment with the Company after you have reached age fifty-five (55) and completed ten full years of service with the Company (including any Parent or Subsidiary).

Appears in 1 contract

Samples: Grant Agreement (Intuit Inc)

Termination Due to Retirement. In the event of your Termination prior to the Vesting Date due to your Retirement, you will vest in a pro-rata in a percentage portion of the Number of Shares equal Shares, to be calculated as follows: divide your number of full months of service since the Date of Grant divided by thirty-six (36) months, rounded multiply that quotient by the Number of Shares, and round down to the nearest whole share of Intuit Common StockShare, and the Vesting Date under this Agreement will be your Termination Date. For purposes of this Award, Retirement “Retirement” means the Termination of your employment with the Company after you have reached age fifty-five (55) and completed ten (10) full years of service with the Company (including any Parent parent or Subsidiary).

Appears in 1 contract

Samples: Grant Agreement (Intuit Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.