Common use of Due to Any Other Reason Clause in Contracts

Due to Any Other Reason. In the event Grantee’s employment is terminated by the Corporation or any Affiliate for any other reason during the applicable vesting period, Grantee (or Grantee’s estate or beneficiaries, if Grantee subsequently dies) shall receive a payment calculated in the following manner: (i) the number of Awarded Restricted Units will be reduced by multiplying the grant under this Award by a fraction, the numerator of which is the number of full months in the applicable vesting period during which Grantee was an active employee and the denominator of which is the number of months in the vesting period set forth in Section 2 above (with a partial month worked counted as a full month if Grantee is an active employee for 15 days or more in that month); and (ii) the resulting reduced number of Awarded Restricted Units shall be considered vested and payment of such pro-rated Award is to be made to Grantee (or Grantee’s beneficiaries or estate, if Grantee subsequently dies) as soon as practicable after Grantee’s termination of employment.

Due to Any Other Reason. In the event Grantee’s employment is terminated by the Corporation or any Affiliate for any other reason during the applicable vesting period, Grantee (or Grantee’s estate or beneficiaries, if Grantee subsequently dies) shall receive a payment calculated in the following manner: (i) the number of Awarded Restricted Units will be reduced by multiplying the grant under this Award by a fraction, the numerator of which is the number of full months in the applicable vesting period during which Grantee was an active employee and the denominator of which is the number of months in the vesting period set forth in Section 2 above (with a partial month worked counted as a full month if Grantee is an active employee for 15 days or more in that month); and (ii) the resulting reduced number of Awarded Restricted Units shall be considered vested and payment of such pro-rated Award is to be made to Grantee (or Grantee’s beneficiaries or estate, if Grantee subsequently dies) as soon as practicable after Grantee▇▇▇▇▇▇▇’s termination of employment.