Common use of Termination of Employment or Service (Retirement Clause in Contracts

Termination of Employment or Service (Retirement. Unless otherwise determined by the Committee, in the event of a Participant's Retirement, any Stock Awards in which the Participant has not become vested as of the date of Retirement shall be forfeited and any rights the Participant had to such unvested Stock Awards shall become null and void.

Appears in 3 contracts

Samples: First Bancorp of Indiana Inc, First Bancorp of Indiana Inc, Tf Financial Corp

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Termination of Employment or Service (Retirement. Unless otherwise -------------------------------------------------- determined by the Committee, in the event of a Participant's Retirement, any Stock Awards in which the Participant has not become vested as of the date of Retirement shall be forfeited and any rights the Participant had to such unvested Stock Awards shall become null and void.

Appears in 2 contracts

Samples: Award Agreement (Pulaski Financial Corp), First Capital Inc

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