Common use of Termination Due to Retirement Clause in Contracts

Termination Due to Retirement. If you terminate due to Retirement, and provided that the Committee agrees to treat your termination as a Retirement, you will vest in a prorated portion of your Shares of Restricted Stock determined by multiplying the number of your Award Shares by a fraction, the numerator of which is the number of whole months you were employed from the Grant Date to the date of Retirement, and the denominator of which is 36.

Appears in 4 contracts

Samples: Restricted Stock Award Agreement (Farmers National Banc Corp /Oh/), Restricted Stock Award Agreement (Farmers National Banc Corp /Oh/), Restricted Stock Award Agreement (Farmers National Banc Corp /Oh/)

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Termination Due to Retirement. If you terminate due to Retirement, and provided that the Committee agrees to treat your termination as a Retirement, you will vest in a prorated portion of your Shares of Restricted Stock determined by multiplying the number of your Award Shares by a fraction, the numerator of which is the number of whole months you were employed from the Grant Date to the date of Retirement, and the denominator of which is 36.

Appears in 3 contracts

Samples: Restricted Stock Award Agreement (Farmers National Banc Corp /Oh/), Restricted Stock Award Agreement (Farmers National Banc Corp /Oh/), Restricted Stock Award Agreement (Farmers National Banc Corp /Oh/)

Termination Due to Retirement. If you terminate due to Retirement, and provided that the Committee agrees to treat your termination as a Retirement, you will vest in a prorated portion of your Shares of Restricted Stock determined by multiplying the number of your Award Shares of Restricted Stock by a fraction, the numerator of which is the number of whole months you were employed from the Grant Date to the date of Retirement, and the denominator of which is 36.

Appears in 2 contracts

Samples: Award Agreement (Schulman a Inc), Award Agreement (Schulman a Inc)

Termination Due to Retirement. If you terminate due to Retirement, and provided that the Committee agrees to treat your termination as a Retirement, you will vest in a prorated portion of your Shares of Restricted Stock Units determined by multiplying the number of your Award Shares Units of Restricted Stock by a fraction, the numerator of which is the number of whole months you were employed from the Grant Date to the date of Retirement, and the denominator of which is 36.

Appears in 2 contracts

Samples: Award Agreement (Schulman a Inc), Award Agreement (Schulman a Inc)

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Termination Due to Retirement. If you terminate due to Retirement, and provided that the Committee agrees to treat your termination as a Retirement, you will vest in a prorated portion of your Shares of Restricted Stock determined by multiplying the number of your Award Shares by a fraction, the numerator of which is the number of whole months you were employed from the Grant Date to the date of Retirement, and the denominator of which is 3624.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Farmers National Banc Corp /Oh/)

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