Common use of Termination of Employment Due to Death, Disability or Retirement Clause in Contracts

Termination of Employment Due to Death, Disability or Retirement. In the event your employment is terminated by reason of death, Disability, or Retirement during a Performance Period, you shall receive a payout of the Performance Shares which is prorated, as specified by the Committee in its discretion. Payment of earned Performance Shares, if any, shall be made at a time at which payment would have been made had you remained in the employ of the Company.

Appears in 5 contracts

Samples: Performance Share Plan Performance Share Award Agreement (Providence Energy Corp), Performance Share Plan Performance Share Award Agreement (Providence Energy Corp), Performance Share Plan Performance Share Award Agreement (Providence Energy Corp)

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