Common use of Vesting and Forfeiture of Award Clause in Contracts

Vesting and Forfeiture of Award. Except as provided in this Agreement, Performance Shares will vest on the last day of the Performance Period. A Participant whose employment is terminated other than for reasons of the Participant’s death, Retirement or Disability prior to the end of the Performance Period will forfeit the award of Performance Shares effective upon termination.

Vesting and Forfeiture of Award. Except as provided in this Agreement, Performance Shares Stock Units will vest on the last day of the Performance Period. A Participant whose employment is terminated (other than for reasons of the Participant’s death, Retirement or Disability following a determination of Disability) prior to the end of the Performance Period will forfeit the award of Performance Shares Stock Units effective upon termination.