Common use of Disability or Retirement Clause in Contracts

Disability or Retirement. If the Participant Terminates due to Disability or Retirement prior to the Vesting Date, the Restricted Performance Stock shall become vested and transferable at the time and subject to the conditions specified in Section 2(A). For the purpose of this Award Agreement, Retirement means a Termination by a Participant other than due to death or Disability on or after attaining 62 years of age and with at least 5 years of service with the Company or any Subsidiary.

Appears in 3 contracts

Samples: Restricted Stock Award Agreement (Peoples Bancorp Inc), Restricted Stock Award Agreement (Peoples Bancorp Inc), Restricted Stock Award Agreement (Peoples Bancorp Inc)

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Disability or Retirement. If the Participant Terminates due to Disability or Retirement prior to the Vesting Date, the Restricted Performance Stock shall become vested and transferable at the time and subject to the conditions specified in Section 2(A). For the purpose of this Award Agreement, Retirement means a Termination by a Participant other than due to death or Disability on or after attaining 62 ____ years of age and with at least 5 _____ years of service with the Company or any Subsidiary.

Appears in 2 contracts

Samples: Restricted Stock Award Agreement (Peoples Bancorp Inc), Restricted Stock Award Agreement (Peoples Bancorp Inc)

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