Normal Retirement definition
Examples of Normal Retirement in a sentence
If the Grantee’s employment by the Company terminates for any reason other than for Cause, death, Disability, Normal Retirement or Early Retirement, this Option may be exercised, to the extent the Option was exercisable at the time of such termination, by the Grantee for a period of three (3) months from the date of such termination of employment or the Expiration Date, whichever period is the shorter.
If the Grantee’s employment by the Company terminates by reason of Normal Retirement or Early Retirement, this Option may thereafter be exercised by the Grantee, to the extent the Option was exercisable at the time of such termination, for a period of one year from the date of such termination of employment or until the Expiration Date, whichever period is the shorter.
Notwithstanding Section 3 above, if your employment with ▇▇▇▇ or any Subsidiary is terminated by reason of death or Disability, by ▇▇▇▇ or any of its Subsidiaries without Cause (subject to Section 4 above) or by you upon Normal Retirement, in each case, a prorated portion of the RSUs covered by this Agreement will become nonforfeitable, based on the number of full months you were employed during the period set forth in the Vesting Schedule ending on the Vesting Date.