Common use of Certain Terminations of Employment Clause in Contracts

Certain Terminations of Employment. If the Awardee’s employment with the Corporation and its Subsidiaries terminates as a result of the Awardee’s death or Permanent Disability, a voluntary termination with the consent of the Corporation or one of its Subsidiaries as determined under the Plan on or after ●, or the Awardee’s retirement under any retirement plan of the Corporation and/or one of its Subsidiaries on or after ●, and the other Vesting Restrictions have not previously lapsed with respect to shares underlying the RSUs set forth in the table above pursuant to this Exhibit A or a Section 11 Event, such shares underlying RSUs set forth in the table above which have not been previously forfeited to the Corporation pursuant to Section 4 of the Agreement or the last sentence of the immediately preceding paragraph shall continue to be eligible for vesting under the Adjusted EPS performance conditions set forth in table above and shall become vested pursuant to the table set forth above on the Release Date. Section 4 of the Agreement and a Section 11 Event and the last sentence of the immediately preceding paragraph shall continue to apply to shares underlying the RSUs set forth in the table above through the Release Date or, in the case of a Section 11 Event and the last sentence of immediately preceding paragraph, if earlier, until such underlying the RSUs set forth in the table above become vested pursuant to the table set forth in immediately preceding paragraph of this Exhibit A. Any such shares underlying the RSUs set forth in the table above on which the other Vesting Restrictions under this Exhibit A of the Agreement have not previously lapsed, which have not been previously forfeited, and which have not become vested as of the close of business on the Release Date shall, without any further action, be forfeited. Exhibit B

Appears in 1 contract

Samples: Restricted Stock Unit Agreement for Employees (Matthews International Corp)

AutoNDA by SimpleDocs

Certain Terminations of Employment. If the Awardee’s employment with the Corporation and its Subsidiaries terminates as a result of the Awardee’s death or Permanent Disabilitypermanent disability (within the meaning of Section 422(c)(6) of the Internal Revenue Code of 1986 as amended (the “Code”) or any successor section), a voluntary termination with the consent of the Corporation or one of its Subsidiaries as determined under the Plan on or after ●Voluntary Termination With Consent, or the Awardee’s retirement under any retirement plan of the Corporation and/or or one of its Subsidiaries on or after ●Subsidiaries, and the other Vesting Restrictions employment and stock performance restrictions have not previously lapsed with respect to shares underlying of the RSUs set forth in the table above Performance Restricted Stock pursuant to this Exhibit A Sections 3, A. or a Section 11 Event6, such shares underlying RSUs set forth in of the table above Performance Restricted Stock which have not been previously forfeited to the Corporation pursuant to Section 4 of the Agreement 5 or the last sentence of the immediately preceding paragraph Section 3, A. shall continue to be eligible for vesting under the Adjusted EPS stock performance conditions set forth in table above Section 3. A.(a), (b) and (c) and shall become vested pursuant to the table set forth above on in Section 3. A., if (and at the Release Datetime) the Performance Vesting Dates described in Section 3. Section 4 A.(a), (b) and (c), respectively, occur within two years after the date of termination of employment of the Agreement Awardee. Sections 5 and a Section 11 Event 6 and the last sentence of the immediately preceding paragraph Section 3.A. shall continue to apply to shares underlying the RSUs set forth in the table above through the Release Date of Performance Restricted Stock during such two-year period or, in the case of a Section 11 Event 6 and the last sentence of immediately preceding paragraphSection 3.A, if earlier, until such underlying the RSUs set forth in the table above shares of Performance Restricted Stock become vested pursuant to the table set forth in immediately preceding paragraph Section 3.A. The Corporation shall instruct its transfer agent to no longer designate as restricted on the transfer agent’s book-entry records of the owners of the Class A Common Stock any shares of the Performance Restricted Stock which become vested pursuant to this Exhibit A. Section 3.B, provided that Section 5 shall continue to apply to such shares to the extent set forth in Section 5 for the period set forth in Section 5. Any such shares underlying of the RSUs set forth in the table above Performance Restricted Stock on which the other Vesting Restrictions employment and stock performance restrictions under Section 3 of this Exhibit A of the Agreement have not previously lapsed, which have not been previously forfeited, and which have not become vested as of the close of business on the Release Date two-year anniversary of the date of termination of employment of the Awardee shall, without any further action, be forfeited. Exhibit Bforfeited to the Corporation by the Awardee at such time and cease to be issued and outstanding shares of the Class A Common Stock of the Corporation.

Appears in 1 contract

Samples: 2007 Equity Incentive Plan (Matthews International Corp)

Certain Terminations of Employment. If the Awardee’s employment with the Corporation and its Subsidiaries terminates as a result of the Awardee’s death or Permanent Disability, a voluntary termination with the consent of the Corporation or one of its Subsidiaries as determined under the Plan on or after ●, or the Awardee’s retirement under any retirement plan of the Corporation and/or one of its Subsidiaries on or after ●, and the other Vesting Restrictions employment and Return On Invested Capital performance restrictions have not previously lapsed with respect to shares underlying the RSUs set forth in the table above pursuant to this Exhibit A B or a Section 11 Event, such shares underlying RSUs set forth in the table above which have not been previously forfeited to the Corporation pursuant to Section 4 of the Agreement or the last sentence of the immediately preceding paragraph shall continue to be eligible for vesting under the Adjusted EPS performance Return on Invested capital conditions set forth in table above and shall become vested pursuant to the table set forth above on the Release Date. Section 4 of the Agreement and a Section 11 Event and the last sentence of the immediately preceding paragraph shall continue to apply to shares underlying the RSUs set forth in the table above through the Release Date or, in the case of a Section 11 Event and the last sentence of immediately preceding paragraph, if earlier, until such underlying the RSUs set forth in the table above become vested pursuant to the table set forth in immediately preceding paragraph of this Exhibit A. B. Any such shares underlying the RSUs set forth in the table above on which the other Vesting Restrictions employment and Return On Invested Capital performance restrictions under this Exhibit A B of the Agreement have not previously lapsed, which have not been previously forfeited, and which have not become vested as of the close of business on the Release Date shall, without any further action, be forfeited. Exhibit BC

Appears in 1 contract

Samples: Restricted Stock Unit Agreement for Employees (Matthews International Corp)

AutoNDA by SimpleDocs

Certain Terminations of Employment. If the Awardee’s employment with the Corporation and its Subsidiaries terminates as a result of the Awardee’s death or Permanent Disabilitypermanent disability (within the meaning of Section 22(e)(3) of the Internal Revenue Code of 1986 as amended (the “Code”) or any successor section), a voluntary termination with the consent of the Corporation or one of its Subsidiaries as determined under the Plan on or after ●Voluntary Termination With Consent, or the Awardee’s retirement under any retirement plan of the Corporation and/or or one of its Subsidiaries on or after ●Subsidiaries, and the other Vesting Restrictions employment and stock performance restrictions have not previously lapsed with respect to shares underlying of the RSUs set forth in the table above Performance Restricted Stock pursuant to this Exhibit A Sections 3.A. or a Section 11 Event6, such shares underlying RSUs set forth in of the table above Performance Restricted Stock which have not been previously forfeited to the Corporation pursuant to Section 4 of the Agreement 5 or the last sentence of the immediately preceding paragraph Section 3.A. shall continue to be eligible for vesting under the Adjusted EPS stock performance conditions set forth in table above Section 3.A.(a), (b) and (c) and shall become vested pursuant to the table set forth above on in Section 3.A., if (and at the Release Date. time) the Performance Vesting Dates described in Section 4 3.A.(a), (b) and (c), respectively, occur within two years after the date of termination of employment of the Agreement Awardee. Sections 5 and a Section 11 Event 6 and the last sentence of the immediately preceding paragraph Section 3.A. shall continue to apply to shares underlying the RSUs set forth in the table above through the Release Date of Performance Restricted Stock during such two-year period or, in the case of a Section 11 Event 6 and the last sentence of immediately preceding paragraphSection 3.A, if earlier, until such underlying the RSUs set forth in the table above shares of Performance Restricted Stock become vested pursuant to the table set forth in immediately preceding paragraph Section 3.A. The Corporation shall instruct its transfer agent to no longer designate as restricted on the transfer agent’s book-entry records of the owners of the Class A Common Stock any shares of the Performance Restricted Stock which become vested pursuant to this Exhibit A. Section 3.B, provided that Section 5 shall continue to apply to such shares to the extent set forth in Section 5 for the period set forth in Section 5. Any such shares underlying of the RSUs set forth in the table above Performance Restricted Stock on which the other Vesting Restrictions employment and stock performance restrictions under Section 3 of this Exhibit A of the Agreement have not previously lapsed, which have not been previously forfeited, and which have not become vested as of the close of business on the Release Date two-year anniversary of the date of termination of employment of the Awardee shall, without any further action, be forfeited. Exhibit Bforfeited to the Corporation by the Awardee at such time and cease to be issued and outstanding shares of the Class A Common Stock of the Corporation.

Appears in 1 contract

Samples: 1992 Stock Incentive Plan (Matthews International Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.