Retirement Clause Example with 5 Variations from Business Contracts

This page contains Retirement clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Retirement. In the event that your employment with the Company or its subsidiaries or Affiliates is terminated due to Retirement after December 31, 2019, but prior to the end of the Performance Period, shares of Stock shall be issued during the period January 1 to March 15 of the calendar year following the end of the Performance Period on a prorated basis based on actual performance as determined at the first Committee meeting following the Performance Period. The number of shares of Stock to be issued und...er the prorated Award shall be determined by calculating (a)(i) the number of Units set forth herein multiplied by (ii) the quotient of the number of full and partial months that you worked during the Performance Period (rounded up to the nearest whole month) divided by 36, and then multiplying the product of (a)(i) and (a)(ii) by (b) the percentile performance amount, as calculated in accordance with the terms of the Program. In the event that you terminate your employment due to Retirement prior to January 1, 2020, the Award shall be forfeited in its entirety. View More
Found in Boston Scientific contract

Variations of a "Retirement" Clause from Business Contracts

Retirement. In the event that your employment with the Company or its subsidiaries or Affiliates is terminated due to Retirement after December 31, 2019, 2021, but prior to the end of the Performance Service Period, shares of Stock shall be issued during the period January 1 to March 15 of the calendar year you within seventy (70) days following the end of the Performance Period your Retirement on a prorated basis based on actual performance as determined at the first Committee meeting following the Perform...ance Period. performance. The number of shares of Stock to be issued under the prorated Award shall be determined by calculating (a)(i) the number of the Units set forth herein multiplied by (ii) the quotient of the number of full and partial months that you worked during the Performance Service Period (rounded up to the nearest whole month) divided by 36, and then multiplying the product of (a)(i) and (a)(ii) by (b) the percentile performance amount, as calculated in accordance with the terms of the Program. In the event that you terminate your employment due to Retirement prior to January 1, 2020, 2022, the Award shall be forfeited in its entirety. View More
Found in Boston Scientific contract
Retirement. In the event that your employment with the Company or its subsidiaries or Affiliates is terminated due to Retirement after December 31, 2019, 2022, but prior to the end of the Performance Service Period, shares of Stock shall be issued during the period January 1 to March 15 of the calendar year you within seventy (70) days following the end of the Performance Period your Retirement on a prorated basis based on actual performance as determined at the first Committee meeting following the Perform...ance Period. performance. The number of shares of Stock to be issued under the prorated Award shall be determined by calculating (a)(i) the number of the Units set forth herein multiplied by (ii) the quotient of the number of full and partial months that you worked during the Performance Service Period (rounded up to the nearest whole month) divided by 36, and then multiplying the product of (a)(i) and (a)(ii) by (b) the percentile performance amount, as calculated in accordance with the terms of the Program. In the event that you terminate your employment due to Retirement prior to January 1, 2020, 2023, the Award shall be forfeited in its entirety. View More
Found in Boston Scientific contract
Retirement. In the event that your employment with the Company or its subsidiaries or Affiliates is terminated due to Retirement after December 31, 2019, 2017, but prior to the end of the Performance Service Period, shares of Stock shall be issued during the period January 1 to March 15 of the calendar year you within seventy (70) days following the end of the Performance Period your Retirement on a prorated basis based on actual performance as determined at the first Committee meeting following the Perform...ance Period. performance. The number of shares of Stock to be issued under the prorated Award shall be determined by calculating (a)(i) the number of Units set forth herein multiplied by (ii) the quotient of the number of full and partial months that you worked during the Performance Service Period (rounded up to the nearest whole month) divided by 36, and then multiplying the product of (a)(i) and (a)(ii) by (b) the percentile performance amount, as calculated in accordance with the terms of the Program. In the event that you terminate your employment due to Retirement prior to January 1, 2020, 2018, the Award shall be forfeited in its entirety. View More
Found in Boston Scientific contract
Retirement. In the event that your employment with the Company or its subsidiaries or Affiliates is terminated due to Retirement after December 31, 2019, 2018, but prior to the end of the Performance Service Period, shares of Stock shall be issued during the period January 1 to March 15 of the calendar year you within seventy (70) days following the end of the Performance Period your Retirement on a prorated basis based on actual performance as determined at the first Committee meeting following the Perform...ance Period. performance. The number of shares of Stock to be issued under the prorated Award shall be determined by calculating (a)(i) the number of the Units set forth herein multiplied by (ii) the quotient of the number of full and partial months that you worked during the Performance Service Period (rounded up to the nearest whole month) divided by 36, and then multiplying the product of (a)(i) and (a)(ii) by (b) the percentile performance amount, as calculated in accordance with the terms of the Program. In the event that you terminate your employment due to Retirement prior to January 1, 2020, 2019, the Award shall be forfeited in its entirety. View More
Found in Boston Scientific contract
Retirement. In the event that your employment with the Company or its subsidiaries or Affiliates is terminated due to Retirement after December 31, 2019, but prior to the end of the Performance Service Period, shares of Stock shall be issued during the period January 1 to March 15 of the calendar year you within seventy (70) days following the end of the Performance Period your Retirement on a prorated basis based on actual performance as determined at the first Committee meeting following the Performance P...eriod. performance. The number of shares of Stock to be issued under the prorated Award shall be determined by calculating (a)(i) the number of the Units set forth herein multiplied by (ii) the quotient of the number of full and partial months that you worked during the Performance Service Period (rounded up to the nearest whole month) divided by 36, and then multiplying the product of (a)(i) and (a)(ii) by (b) the percentile performance amount, as calculated in accordance with the terms of the Program. In the event that you terminate your employment due to Retirement prior to January 1, 2020, the Award shall be forfeited in its entirety. View More
Found in Boston Scientific contract