Common use of Activity During Employment Clause in Contracts

Activity During Employment. If, prior to termination of the Key Employee’s employment with the Company or during the one-year period following termination of the Key Employee’s employment with the Company, the Company becomes aware that, prior to termination, the Key Employee had engaged in detrimental activity, then the Committee in its sole discretion, for purposes of this Agreement, may characterize or recharacterize termination of the Key Employee’s employment as a termination to which this Section 5 applies and may determine or redetermine the date of such termination, and the Key Employee’s rights with respect to the Grant shall be determined in accordance with the Committee’s determination.

Appears in 3 contracts

Samples: Restricted Stock Unit Agreement (SNAP-ON Inc), Share and Performance Award Agreement (Snap on Inc), Restricted Stock Unit Agreement (SNAP-ON Inc)

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Activity During Employment. If, prior to termination of the Key Employee’s 's employment with the Company or during the one-year period following termination of the Key Employee’s 's employment with the Company, the Company becomes aware that, prior to termination, the Key Employee had engaged in detrimental activity, then the Committee in its sole discretion, for purposes of this Agreement, may characterize or recharacterize termination of the Key Employee’s 's employment as a termination to which this Section 5 9 applies and may determine or redetermine the date of such termination, and the Key Employee’s 's rights with respect to the Grant shall be determined in accordance with the Committee’s 's determination.

Appears in 3 contracts

Samples: Snap on Incorporated (Snap on Inc), Snap on Incorporated (Snap on Inc), Share and Performance Award Agreement (Snap on Inc)

Activity During Employment. If, prior to termination of the Key Employee’s 's employment with the Company or during the one-year period following termination of the Key Employee’s 's employment with the Company, the Company becomes aware that, prior to termination, the Key Employee had engaged in detrimental activity, then the Committee in its sole discretion, for purposes of this Agreement, may characterize or recharacterize termination of the Key Employee’s 's employment as a termination to which this Section 5 applies and may determine or redetermine the date of such termination, and the Key Employee’s 's rights with respect to the Grant shall be determined in accordance with the Committee’s 's determination.

Appears in 3 contracts

Samples: Share and Performance Award Agreement (Snap on Inc), Snap on Incorporated (Snap on Inc), Snap on Incorporated (Snap on Inc)

Activity During Employment. If, prior to termination of the Key Employee’s employment with the Company or during the one-year period following termination of the Key Employee’s employment with the Company, the Company becomes aware that, prior to termination, the Key Employee had engaged in detrimental activity, then the Committee in its sole discretion, for purposes of this Agreement, may characterize or recharacterize termination of the Key Employee’s employment as a termination to which this Section 5 4 applies and may determine or redetermine the date of such termination, and the Key Employee’s rights with respect to the Grant shall be determined in accordance with the Committee’s determination.

Appears in 2 contracts

Samples: Performance Share Unit Award Agreement (SNAP-ON Inc), Snap on Incorporated (Snap on Inc)

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Activity During Employment. If, prior to termination of the Key Employee’s employment with the Company or during the one-year period following termination of the Key Employee’s employment with the Company, the Company becomes aware that, prior to termination, the Key Employee had engaged in detrimental activityDetrimental Activity, then the Committee in its sole discretion, for purposes of this Agreement, may characterize or recharacterize termination of the Key Employee’s employment as a termination to which this Section 5 4 applies and may determine or redetermine the date of such termination, and the Key Employee’s rights with respect to the Grant shall be determined in accordance with the Committee’s determination.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Snap-on Inc)

Activity During Employment. If, prior to termination of the Key Employee’s employment with the Company or during the one-year period following termination of the Key Employee’s employment with the Company, the Company becomes aware that, prior to termination, the Key Employee had engaged in detrimental activity, then the Committee in its sole discretion, for purposes of this Agreement, may characterize or recharacterize termination of the Key Employee’s employment as a termination to which this Section 5 3 applies and may determine or redetermine the date of such termination, and the Key Employee’s rights with respect to the Grant Retention Bonus shall be determined in accordance with the Committee’s determination.

Appears in 1 contract

Samples: Retention Bonus Agreement (SNAP-ON Inc)

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