Early Vesting Date definition

Early Vesting Date means either:

Early Vesting Date means Executive’s Termination Date if Executive is terminated without Cause (as defined in the Employment Agreement), or if Executive’s employment is terminated due to his resignation for an Effective Termination (as defined in the Employment Agreement), or due to his death or Disability (as defined in the Employment Agreement) in each case prior to the Vesting Date.

Early Vesting Date means either:(a)the date of cessation of employment of a Participant in the circumstances referred to in Rule 9.1 (Deceased Participants) and Rule 9.2 (Good leavers); or(b)a date of notification referred to in Rule 10.1 (General offers), the date of the relevant event referred to in Rule 10.2 (Schemes of arrangement and winding up) or the date of Vesting referred to in Rule 10.3 (Demergers and similar events);

Examples of Early Vesting Date in a sentence

• Subject to Section 6.6(a) of the Plan, prior to the Vesting Date or an Early Vesting Date, Participant may not sell, assign, pledge, transfer, encumber or otherwise dispose of the Restricted Stock Units (or the Shares subject to the Restricted Stock Units).

• If Executive voluntarily resigns from full-time employment with Park and its affiliates for any reason before the Early Vesting Date (as defined in Exhibit A hereto), or Park or any of its affiliates discharges Executive for any reason before the Early Vesting Date, then Executive shall not be entitled to any of the supplemental retirement benefits provided for in this Agreement and this Agreement shall be terminated immediately without any liability to Park or any of its affiliates whatsoever.

• If Executive does not experience a separation from service with Park and its affiliates until the Early Vesting Date, then commencing upon the Payment Commencement Date, Park shall pay to Executive the Early Benefit (as defined in Exhibit A hereto) until Executive’s death, with such Early Benefit to be payable annually beginning on the Payment Commencement Date and on the first business day on or immediately after each anniversary of the Payment Commencement Date and thereafter until Executive’s death.

• If the Early Vesting Date has arisen under Rule 4.2(d)(iv) any award of Notional Additional Shares to that Participant shall lapse unless, within six months of that date, the Board shall determine otherwise in which case a payment shall be made to the Participant not exceeding the Notional Additional Gain which a Participant would have been entitled to had the Early Vesting Date arisen otherwise than under Rule 4.2(d)(iv).

• If the Early Vesting Date has arisen under Rule 4.2 a payment shall be made to the Participant calculated by mutiplying the Exit Price by the number of Notional Lodged Shares allocated to that Participant less the monies held in a bank account by that Participant pursuant to Rule 2.2.

More Definitions of Early Vesting Date

Early Vesting Date means, if any of the circumstances described in Rule 11.1 or Rule

Early Vesting Date means the date of an event following which an Award may Vest (and in the case of an Option, be exercised) before the Normal Vesting Date, being either:

Early Vesting Date means (a) the first date that a Participant has attained at least age 55 and completed at least twenty years of Vesting Service, or (b) the date that a Participant incurs a Transformation Termination.

Early Vesting Date means the earliest to occur of (i) Executive’s termination of employment by the Company or Limited without Cause, (ii) Executive’s termination of employment for Good Reason, (iii) Executive’s termination of employment due to death or Disability or (iv) the first day of any Window Period. In the event that Executive voluntarily terminates employment with the Company (other than for Good Reason or upon commencement of a Window Period) or is terminated by the Company or Limited for Cause, in each case, prior to the Trust Payment Date, Executive shall forfeit all rights under the Employee Trust and the amounts held in the Employee Trust at such time shall immediately revert to the Company without any payment of consideration to Executive. For so long as amounts are held in the Employee Trust, the trust agreement governing such Employee Trust shall require the Company to pay the relevant trustee fees and trust expenses, and shall require taxes on trust income to be paid out of trust assets. On the Trust Payment Date, either (i) the Company shall pay to Executive an additional amount or (ii) a portion of the Employee Trust assets shall revert to the Company rather than being paid to Executive, such that after application of clause (i) or (ii) of this sentence (whichever is applicable) Executive is in the same net after tax position (taking into account only U.S. federal income tax, social security and Medicare taxes (collectively, “US Taxes”)) as he would be if the applicable rates for US Taxes on the Trust Payment Date were as in effect on December 31, 2008.

Early Vesting Date means the date of an event following which an Award may Vest (and in the case of an Option, be exercised) before the Employment Requirement Date or, if later, the end of an applicable Holding Period, being either:

Early Vesting Date as defined at Rule 5.2;

Early Vesting Date means the first date that a Participant has attained at least age 55 and completed at least twenty years of Vesting Service.