Common use of Termination of Employment Before Vesting Date Clause in Contracts

Termination of Employment Before Vesting Date. (a) In the event of the termination of the Employee’s employment with the PMI Group prior to the Vesting Date due to (i) death, Disability or (ii) Normal Retirement, or (iii) early retirement or termination of employment (other than for Cause), in either case by mutual agreement and after the Employee has attained age 58, then the RSUs shall become fully vested on the date of death, Disability, Normal Retirement, or such early retirement or termination of employment or the date specified in such mutual agreement.

Appears in 3 contracts

Samples: Restricted Stock Unit Agreement (Philip Morris International Inc.), Restricted Stock Unit Agreement (Philip Morris International Inc.), Restricted Stock Unit Agreement (Philip Morris International Inc.)

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Termination of Employment Before Vesting Date. (a) In the event of the termination of the Employee’s employment with the PMI Group prior to the Vesting Date due to (i) death, Disability or (ii) Normal Retirement, or (iii) early retirement or termination of employment (other than for Causecause), in either case by mutual agreement and after the Employee has attained age 58, then the RSUs shall become fully vested on the date of death, Disability, Normal Retirement, or such early retirement or termination of employment or the date specified in such mutual agreement.

Appears in 3 contracts

Samples: Restricted Stock Unit Agreement (Philip Morris International Inc.), Restricted Stock Unit Agreement (Philip Morris International Inc.), Restricted Stock Unit Agreement (Philip Morris International Inc.)

Termination of Employment Before Vesting Date. (a) In the event of the termination of the Employee’s employment with the PMI Group prior to the Vesting Date due to (i) death, Disability or (ii) Normal Retirement, or (iii) early retirement or termination of employment (other than for Cause), in either case by mutual agreement between the PMI Group and the Employee and after the Employee has attained age 58, then the RSUs shall become fully vested on the date of death, Disability, Normal Retirement, or such early retirement or termination of employment or the date specified in such mutual agreement.

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (Philip Morris International Inc.), Restricted Stock Unit Agreement (Philip Morris International Inc.)

Termination of Employment Before Vesting Date. (a) In the event of the termination of the Employee’s employment with the PMI Group during any Vesting Period prior to the a Period Vesting Date due to (i) death, Disability or (ii) Normal Retirement, or (iii) early retirement or termination of employment (other than for Causecause), in either case by mutual agreement between the PMI Group and the Employee and after the Employee has attained age 58, then the RSUs shall become fully vested on the date of death, Disability, Normal Retirement, or such early retirement or termination of employment or the date specified in such mutual agreement.

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (Philip Morris International Inc.), Restricted Stock Unit Agreement (Philip Morris International Inc.)

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Termination of Employment Before Vesting Date. (a) In the event of the termination of the Employee’s employment with the PMI Group prior to the Vesting Date due to (i) death, Disability or (ii) Normal Retirement, or (iii) early retirement or termination of employment (other than for Cause), in either case by mutual agreement [between the PMI Group and the Employee] and after the Employee has attained age 58, then the RSUs shall become fully vested on the date of death, Disability, Normal Retirement, or such early retirement or termination of employment or the date specified in such mutual agreement.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Philip Morris International Inc.)

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