JCPenney 2015 Annual Report Download - page 162
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Units to be credited to your account shall be determined by dividing
the aggregate dividend payable with respect to the number of
Restricted Stock Units in your account by the closing price of the
Common Stock on the New York Stock Exchange on the dividend
payment date. The additional Restricted Stock Units credited to your
account are subject to all of the terms and conditions of this
Restricted Stock Unit award and the Plan and you shall forfeit your
additional Restricted Stock Units in the event that you forfeit the
Restricted Stock Units to which they relate.
Separation from Service
If you experience a separation from service due to (i) Retirement,
Disability, or death, or (ii) job restructuring, reduction in force, or unit
closing prior to the Vest Date, you shall be entitled to a prorated
number of Restricted Stock Units. The proration shall be equal to a
fraction, the numerator of which is the number of months from the
Date of Grant to the effective date of your termination of service,
inclusive, and the denominator of which is [VESTING MONTHS]. The
resulting number of Restricted Stock Units to which you are entitled
will be distributed as provided in “Vesting of Your Restricted Stock
Units” above. Any Restricted Stock Units for which vesting is not
accelerated shall be cancelled on such separation from service.