Question: Re-write.- this provision from the same performance award agreement in hundred words or less. Make sure to retain its substantive meaning. 3. Vesting . c.
Re-write.- this provision from the same performance award agreement in hundred words or less. Make sure to retain its substantive meaning.
3. Vesting.
c. Termination of Employment Prior to Vesting. Notwithstanding Section 3(a), the Participant's Performance Awards (and any Performance Awards credited as dividend equivalents thereon) shall terminate to the extent that such Performance Awards have not become vested prior to the first date the Participant is no longer employed by the Corporation or one of its Subsidiaries, regardless of the reason for the termination of the Participant's employment with the Corporation or a Subsidiary, subject to early vesting as provided in Sections 3(e) and 3(f). If the Participant is employed by a Subsidiary and that entity ceases to be a Subsidiary, such event shall be deemed to be a termination of employment of the Participant for the purposes of this Agreement (unless the Participant otherwise continues to be employed by the Corporation or another of its Subsidiaries following such event
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