Common use of Vesting; Forfeiture; Recapture; Other Remedies Clause in Contracts

Vesting; Forfeiture; Recapture; Other Remedies. (a) Following the completion of each Performance Period, the Committee shall determine for such Performance Period, the Average Return on Equity, the XXX Relative Performance, the XXX Relative Performance Vesting Percentage and, respectively, the portion of the Tranche 1 Restricted Stock Units, Tranche 2 Restricted Stock Units and Tranche 3 Restricted Stock Units, as applicable, that have become earned (determined by multiplying the number of Restricted Stock Units subject to the applicable tranche by the XXX Relative Performance Vesting Percentage). Immediately following the Committee’s determination of the number of earned Tranche 1 Restricted Stock Units, Tranche 2 Restricted Stock Units and Tranche 3 Restricted Stock Units for a respective Performance Period, the earned Restricted Stock Units shall vest as of the last day of the applicable Performance Period (subject to forfeiture, as set forth in Section 3(d) below), provided the Grantee has remained continuously employed by the Company from the date hereof through the completion of the applicable Performance Period. Restricted Stock Units granted herein which have not become vested Restricted Stock Units following the completion of the applicable Performance Period or otherwise vested shall be immediately forfeited without payment of any consideration and the Grantee shall have no further rights with respect to such Restricted Stock Units.

Vesting; Forfeiture; Recapture; Other Remedies. (a) a. Following the completion of each Performance Period, the Committee shall determine for such Performance Period, the Average Return on Equity, the XXX Relative Performance, the XXX Relative Performance Vesting Percentage and, respectively, the portion of the Tranche 1 Restricted Stock Units, Tranche 2 Restricted Stock Units and Tranche 3 Restricted Stock Units, as applicable, that have become earned realized (determined by multiplying the number of Restricted Stock Units subject to the applicable tranche by the XXX Relative Performance Vesting Percentage). Immediately following the Committee’s determination of the number of earned realized Tranche 1 Restricted Stock Units, Tranche 2 Restricted Stock Units and Tranche 3 Restricted Stock Units for a respective Performance Period, the earned realized Restricted Stock Units shall vest as of the last day of the applicable Performance Period (subject to forfeitureforfeiture and recapture, as set forth in this Section 3(d) below3), provided the Grantee has remained continuously employed by the Company or its Affiliates from the date hereof through the completion of the applicable Performance Period. Restricted Stock Units granted herein which have not become vested Restricted Stock Units following the completion of the applicable Performance Period or otherwise vested shall be immediately forfeited without payment of any consideration and the Grantee shall have no further rights with respect to such Restricted Stock Units.

Vesting; Forfeiture; Recapture; Other Remedies. (a) Following the completion of each the Performance Period, the Committee shall determine for such Performance Period, the Average Return on Equity, the XXX Relative Performance, the XXX Relative Performance Vesting Percentage and, respectively, and the portion of the Tranche 1 Restricted Stock Units, Tranche 2 Restricted Stock Units and Tranche 3 Restricted Stock Units, as applicable, that have become earned (determined by multiplying the number of Restricted Stock Units subject to the applicable tranche this Agreement by the XXX Relative Performance Vesting Percentage). Immediately following the Committee’s determination of the number of earned Tranche 1 Restricted Stock Units, Tranche 2 Restricted Stock Units and Tranche 3 Restricted Stock Units for a respective Performance Period, the earned Restricted Stock Units shall vest as of the last day of the applicable Performance Period (subject to forfeiture, as set forth in Section 3(d3(e) below), provided the Grantee has remained continuously employed by the Company from the date hereof through the completion of the applicable Performance Period. Restricted Stock Units granted herein which have not become vested Restricted Stock Units following the completion of the applicable Performance Period or otherwise vested shall be immediately forfeited without payment of any consideration and the Grantee shall have no further rights with respect to such Restricted Stock Units.

Vesting; Forfeiture; Recapture; Other Remedies. (a) Following the completion of each the Performance Period, the Committee shall determine for such Performance Period, the Average Return on Equity, the XXX Relative Performance, the XXX Relative Performance Vesting Percentage and, respectivelyPercentage, the portion of the Tranche 1 Restricted Stock Units, Tranche 2 Restricted Stock Units and Tranche 3 Restricted Stock Units, as applicable, Dividend Equivalent Rights that have become earned (determined by multiplying the number of Restricted Stock Units Tranche 1 Dividend Equivalent Rights subject to this Agreement by the applicable tranche XXX Relative Performance Vesting Percentage) and the portion of the Tranche 2 Dividend Equivalent Rights that have become earned (determined by multiplying the number of Tranche 2 Dividend Equivalent Rights subject to this Agreement by the XXX Relative Performance Vesting Percentage). Immediately following the Committee’s determination of the number of earned Tranche 1 Restricted Stock Units, Dividend Equivalent Rights and Tranche 2 Restricted Stock Units and Tranche 3 Restricted Stock Units for a respective Performance PeriodDividend Equivalent Rights, the earned Restricted Stock Units Dividend Equivalent Rights shall vest as of the last day of the applicable Performance Period (subject to forfeiture, as set forth in Section 3(d3(e) below), provided the Grantee has remained continuously employed by the Company from the date hereof through the completion of the applicable Performance Period. Restricted Stock Units Dividend Equivalent Rights granted herein which have not become vested Restricted Stock Units Dividend Equivalent Rights following the completion of the applicable Performance Period or otherwise vested shall be immediately forfeited without payment of any consideration and the Grantee shall have no further rights with respect to such Restricted Stock UnitsDividend Equivalent Rights. The Company will make no payments to the Grantee with respect to Dividend Equivalent Rights unless and until their Vesting Date.