Examples of Tenured Retirement in a sentence
Upon a Tenured Retirement, Grantee shall vest in all of the Restricted Stock Units then outstanding.
Any Retirement that is not either a Tenured Retirement or an Early Retirement shall be deemed to be a Standard Retirement, which shall be treated in accordance with Section I(A) above.
If Grantee’s service as a member of the Board terminates because of his or her death or Disability and, at the time of such termination of service Grantee would have been eligible for either a Tenured Retirement or an Early Retirement, the Restricted Stock Units shall be treated as if Grantee’s service had terminated due to such applicable form of Retirement (rather than due to death or Disability, as applicable) if such treatment would result in a greater number of Restricted Stock Units becoming vested.
Any Retirement that is not either a Tenured Retirement or an Early Retirement shall be deemed to be a Standard Retirement.
Upon a Tenured Retirement, the Option, to the extent it has not expired or been terminated, shall vest and become exercisable in full, and may be exercised by the Optionee, or Optionee’s Successor at any time, or from time to time, up to and including the date the Option expires.
If Optionee’s service as a member of the Board terminates due to a Standard Retirement or for any other reason other than death, Disability, Tenured Retirement or Early Retirement, then the Option, to the extent it has not expired or been terminated, shall remain exercisable for one year after termination of Optionee’s service on the Board, but only to the extent that such Option was exercisable immediately prior to Optionee’s termination of service.
Further, notwithstanding the specific terms of the Incentive Plan or any award agreement thereunder, with respect to any grants made to Executive under the Incentive Plan during the term of this Agreement, a Retirement under this Agreement which is not also an Early Retirement or a Tenured Retirement shall be deemed to be a “Retirement” under the Incentive Plan and shall be treated in accordance with the provisions of the Incentive Plan and any applicable award agreements which apply upon a “Retirement”.
If Optionee’s service as a member of the Board terminates because of his or her death or Disability and, at the time of such termination of service on the Board Optionee would have been eligible for either a Tenured Retirement or an Early Retirement, Optionee or Optionee’s Successor may elect to have the Option treated as if Optionee’s service had terminated due to such applicable form of Retirement (rather than due to death or Disability, as applicable).
Although the information regarding the archaeology in this era is few but it commands a better consideration.
If Optionee’s service as a member of the Board terminates because of his or her death or Disability and, at the time of such termination of service on the Board Optionee would have been eligible for a Tenured Retirement, the Option shall be treated as if Optionee’s service had terminated due to Tenured Retirement (rather than due to death or Disability, as applicable).