Common use of Acceleration of Vesting Date Clause in Contracts

Acceleration of Vesting Date. The Committee may at any time or times in its discretion waive your obligation to remain employed through the Vesting Date in order to receive any Shares. In the event of such a waiver, you will receive a payment of those Shares, if any, which would have been paid to you had you remained employed through the Vesting Date based upon the level of goal achievement under the Performance Schedule. Waiver of a continued employment condition under this paragraph 9 will not result in an earlier payment of any Shares.

Appears in 4 contracts

Sources: Non Qualified Stock Option, Restricted Share and Performance Share Award Agreement (Kansas City Southern), Non Qualified Stock Option, Restricted Share and Performance Share Award Agreement (Kansas City Southern), Non Qualified Stock Option, Restricted Share and Performance Share Award Agreement (Kansas City Southern)

Acceleration of Vesting Date. The Committee may at any time or times in its discretion waive your obligation to remain employed through the Vesting Date in order to receive any Sharesamount. In the event of such a waiver, you will receive a payment of those Sharesthat amount, if any, which would have been paid to you had you remained employed through the Vesting Date based upon the level of goal achievement under the Performance Schedule. Waiver of a continued employment condition under this paragraph 9 6 of this Section 3 of this Exhibit A will not result in an earlier payment of any Sharesamount.

Appears in 1 contract

Sources: Restricted Cash Award and Performance Cash Award Agreement (Kansas City Southern)