Common use of Vesting of Deferred Stock Units Clause in Contracts

Vesting of Deferred Stock Units. (a) The Deferred Stock Units shall become vested on the fourth anniversary of the Date of Grant, which such date will be ___ (the “Vesting Date”) if the Grantee shall have remained in the continuous employ of the Company or a Subsidiary during that four (4) year period. Any Deferred Stock Units not vested will be forfeited, except as provided in Section 3(b) below, if the Grantee ceases to be continuously employed by the Company prior to the Vesting Date. Deferred Stock Units may also be forfeited in the event the Board determines the Grantee has engaged in Detrimental Activity as such term is defined in the Plan. (b) Notwithstanding the provisions of Section 3(a), all of the Deferred Stock Units shall immediately become nonforfeitable (each, a “Vesting Event”) (i) if the Grantee dies or becomes permanently disabled while in the employ of the Company or a Subsidiary during the four-year period from the Date of Grant, (ii) if, at any time during the four-year period from the Date of Grant, the Grantee is age 60 with at least ten years of service with the Company, or (iii) if a Change in Control occurs during the four-year period from the Date of Grant while the Grantee is employed by the Company or a Subsidiary.

Vesting of Deferred Stock Units. (a) The Deferred Stock Units shall become vested on the fourth anniversary of the Date of Grant, which such date will be ___ Grant (the “"Vesting Date”") if the Grantee shall have remained in the continuous employ of the Company or a Subsidiary during that four (4) year period. Any Deferred Stock Units not vested will be forfeited, except as provided in Section 3(b) below, if the Grantee ceases to be continuously employed by the Company prior to the Vesting Date. Deferred Stock Units may also be forfeited in the event the Board determines the Grantee has engaged in Detrimental Activity as such term is defined in the Plan. (b) Notwithstanding the provisions of Section 3(a), all of the Deferred Stock Units shall immediately become nonforfeitable (each, a “"Vesting Event”") (i) if the Grantee dies or becomes permanently disabled while in the employ of the Company or a Subsidiary during the four-year period from the Date of Grant, (ii) if, at any time during the four-year period from the Date of Grant, the Grantee is age 60 with at least ten years of service with the Company, or (iii) if a Change in Control occurs during the four-year period from the Date of Grant while the Grantee is employed by the Company or a Subsidiary.

Vesting of Deferred Stock Units. (a) The Deferred Stock Units shall become vested on the fourth third anniversary of the Date of Grant, which such date will be ___ November 18, 2011 (the “Vesting Date”) ), if the Grantee shall have remained in the continuous employ of the Company or a Subsidiary during that four three (43) year period. Any Deferred Stock Units not vested will be forfeited, except as provided in Section 3(b) below, if the Grantee ceases to be continuously employed by the Company prior to the Vesting Date. Deferred Stock Units may also be forfeited in the event the Board determines the Grantee has engaged in Detrimental Activity as such term is defined in the Plan. (b) Notwithstanding the provisions of Section 3(a), all of the Deferred Stock Units shall immediately become nonforfeitable (each, a “Vesting Event”) (i) if the Grantee dies or becomes permanently disabled while in the employ of the Company or a Subsidiary during the fourthree-year period from the Date of Grant, (ii) if, at any time during after the four-year lapse of a period of two years from the Date of Grantdate upon which the Transaction closed, the Grantee is elects to retire and either (A) has reached the age of 60 with at least ten years of service with P&G or Folgers, or (B) has reached the Companyage of 55 with at least 20 years of service with P&G or Folgers, or (iii) if a Change in Control occurs during the fourthree-year period from the Date of Grant while the Grantee is employed by the Company or a Subsidiary.