Definitions Relating to Partial Vesting. (i) For purposes of this Agreement, “Retirement” shall mean the termination of the Employee’s full-time employment with the Company, other than a termination for Cause (as hereinafter defined), after the attainment of age 55 if the sum of the Employee’s age and number of years of full-time employment with the Company equals or exceeds 70.
Appears in 4 contracts
Sources: Performance Based Restricted Stock Award Agreement (Hughes Supply Inc), Restricted Stock Award Agreement (Hughes Supply Inc), Restricted Stock Award Agreement (Hughes Supply Inc)
Definitions Relating to Partial Vesting. (i1) For purposes of this Agreement, “Retirement” shall mean the termination of the EmployeeGrantee’s full-time employment with the Company, other than a termination for Cause (as hereinafter defined), after the attainment of age 55 if the sum of the EmployeeGrantee’s age and number of years of full-time employment with the Company equals or exceeds 70.
Appears in 3 contracts
Sources: Incentive Stock Option Agreement (Hughes Supply Inc), Incentive Stock Option Agreement (Hughes Supply Inc), Non Qualified Stock Option Agreement (Hughes Supply Inc)