Certain Sales Upon Termination of Employment Sample Clauses

Certain Sales Upon Termination of Employment. If the Participant's employment is terminated under certain circumstances, the Participant shall have a limited right to sell to the Company (pursuant to Section 4(a) below), and the Company shall have certain rights (pursuant to Section 4(b) below) to purchase from the Participant either (i) the Vested Portion of Participant's Options or (ii) Option Shares acquired pursuant to the exercise of all or any part of the Vested Option, as follows:
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Certain Sales Upon Termination of Employment. (a) If the Grantee's employment with the Company is terminated (i) by the Company for any reason other than for Cause (as defined in Section 6(c) below), (ii) by the Grantee for any reason or (iii) by reason of the Grantee's death or Disability, the Company shall have the right to repurchase Restricted Shares held by the Grantee that have theretofore been released from the restrictions set forth in Section 3 of this Agreement at the Fair Market Value (as defined in Section 6(d) below) thereof as of the effective date of such termination. If the Grantee's employment with the Company is terminated by the Company for Cause, (x) the Company shall have the right to repurchase Restricted Shares held by the Grantee that have theretofore been released from the restrictions set forth in Section 3 of this Agreement at (1) the Fair Market Value thereof as of the effective date of such termination or (2) the Grantee's cost of obtaining such shares, whichever is lower, and (y) any profit realized from the sale of any Restricted Shares that have theretofore been released from the restrictions set forth in Section 3 of this Agreement shall inure to and be recoverable by the Company. "Disability" shall mean as a result of the Grantee's incapacity due to physical or mental illness (as determined in good faith by a physician acceptable to the Company), the Grantee shall have been absent from full-time performance of his duties with the Company for 135 consecutive days during any 12-month period.
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Certain Sales Upon Termination of Employment. (a) If the Grantee's employment with the Company is terminated (i) by the Company for any reason other than for Cause (as defined in Section 5(c) below), (ii) by the Grantee for any reason or (iii) by reason of the Grantee's death or Disability, the Company shall have the right to repurchase Restricted Shares held by the Grantee that have theretofore been released from the restrictions set forth in Section 2 of this Agreement at the Fair Market Value (as defined in Section 5(d) below) thereof as of the effective date of such termination. If the Grantee's employment with the Company is terminated by the Company for Cause, (x) the Company shall have the right to repurchase Restricted Shares held by the Grantee that have theretofore been released from the restrictions set forth in Section 2 of this Agreement at (1) the Fair Market Value thereof as of the effective date of such
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Certain Sales Upon Termination of Employment. 4.1 Surrender of Shares to the Company ..................................... 29 4.2
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Certain Sales Upon Termination of Employment. In the event that an Employee Minority Stockholder (the "Terminated Stockholder") ceases to be employed by the Company or any of its Affiliates, the parties shall have the rights set forth in this Section 3.5, which rights and obligations shall survive the termination of this Agreement.
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Certain Sales Upon Termination of Employment 
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Related to Certain Sales Upon Termination of Employment

  • Payments Upon Termination of Employment (a) If Executive's employment with the Company is terminated by reason of:

  • Rights Upon Termination of Employment The terms which regulate the treatment of the International Participant's Restricted Stock Units upon termination of employment are set out in the Plan and in the Award Documents. In summary, upon the International Participant's termination of employment for any reason other than death, Disability or Retirement, any unvested Restricted Stock Units shall be forfeited and cancelled on the date of such termination of employment.

  • Benefits Upon Termination of Employment If the Executive is entitled to benefits pursuant to this Section 2, the Company agrees to pay or provide to the Executive as severance payment, the following:

  • Compensation Upon Termination of Employment If the Executive’s employment hereunder is terminated, in accordance with the provisions of Article III hereof, and except for any other rights or benefits specifically provided for herein to be effective following the Executive’s period of employment, the Company will provide compensation and benefits to the Executive only as follows:

  • Compensation and Benefits Upon Termination of Employment (a) If the Company shall terminate the Executive's employment after a Change in Control other than pursuant to Section 3(b), 3(c) or 3(d) and Section 3(f), or if the Executive shall terminate his employment for Good Reason, then the Company shall pay to the Executive, as severance compensation and in consideration of the Executive's adherence to the terms of Section 5 hereof, the following:

  • Company Obligations Upon Termination of Employment During the Term of this Agreement, the Company shall have the following obligations upon the termination of the Executive’s employment with the Company as described in this Section 5:

  • Certain Benefits Upon Termination Executive’s employment shall be terminated upon the earlier of (i) the voluntary resignation of Executive with or without Good Reason; (ii) Executive’s death or permanent disability; or (iii) upon the termination of Executive’s employment by LTC for any reason at any time. In the event of such termination, the below provisions of this Section 6 shall apply, and in the event of a Change in Control, whether or not Executive’s employment is terminated thereby, Section 6(b) shall apply.

  • Benefits Upon Termination If the Executive’s employment by the Company is terminated during the Period of Employment for any reason by the Company or by the Executive, or upon or following the expiration of the Period of Employment (in any case, the date that the Executive’s employment by the Company terminates is referred to as the “Severance Date”), the Company shall have no further obligation to make or provide to the Executive, and the Executive shall have no further right to receive or obtain from the Company, any payments or benefits except as follows:

  • Severance Compensation upon Termination of Employment If the Company shall terminate the Executive’s employment other than pursuant to Section 5(a), (b) or (c) or if the Executive shall terminate his employment for Good Reason, then the Company shall pay to the Executive as severance pay in a lump sum, in cash, on the fifth day following the Date of Termination, an amount equal to three (3) times the average of the aggregate annual compensation paid to the Executive during the three (3) fiscal years of the Company immediately preceding the Change of Control by the Company subject to United States income taxes (or, such fewer number of fiscal years if the Executive has not been employed by the Company during each of the preceding three (3) fiscal years).

  • Exercise After Termination of Employment (A) Except as otherwise provided in this Agreement, the OPTION shall be exercisable only while the OPTIONEE is in the employment of the COMPANY and then only if the OPTION has become exercisable by its terms, and if not exercisable by its terms at the time the OPTIONEE ceases to be in the employment of the COMPANY, shall immediately expire on the date of termination of employment.

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