Cessation without Good Cause Sample Clauses

Cessation without Good Cause. In the event the Participant’s Business Relationship ceases by reason of the Company’s termination of the Participant without Good Cause (as defined in Appendix A), the Participant shall be entitled to payment of a pro rata portion of the earned Performance Share Units for the fiscal year in the Performance Period in which the Business Relationship ceased, based on the number of days elapsed in such fiscal year prior to the cessation of the Business Relationship and the Company’s Average Percentile Rank for such fiscal year.
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Cessation without Good Cause. In the event the Participant’s Business Relationship ceases by reason of the Company’s termination of the Participant without Good Cause, the Participant shall be entitled to payment of a pro rata portion of the Performance Share Units for the Performance Period (as shortened by the termination), based on the number of days elapsed in the original 36-month Performance Period prior to the cessation of the Business Relationship and the Company’s percentile rank for the Performance Period.
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Cessation without Good Cause. In the event the Participant’s Business Relationship ceases by reason of the Company’s termination of the Participant without Good Cause (as defined in Appendix A), the Participant shall be entitled to payment of a pro rata portion of the earned Performance Share Units for the Performance Period, based on the number of days elapsed in the original 36-month Performance Period prior to the cessation of the Business Relationship and the Company’s percentile rank for the Performance Period. Any Shares in respect of Performance Share Units earned pursuant to the previous sentence shall be paid to the Participant at the same time that the Shares are delivered to other holders of this type of Award, which timing shall be pursuant to the terms of this Agreement.
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Cessation without Good Cause. In the event the Participant’s Business Relationship ceases by reason of the Company’s termination of the Participant without Good Cause (as defined in Appendix A), the Participant shall be entitled to payment of a pro rata portion of the earned Performance Share Units for the performance segment in which the Business Relationship ceased, based on the number of days elapsed in such performance segment prior to the cessation of the Business Relationship and the Company’s Average Percentile Rank in respect of such performance segment. Any Shares in respect of Performance Share Units earned pursuant to the previous sentence shall be paid to the Participant at the same time that the Shares are delivered to other holders of this type of Award for the applicable performance segment in which the cessation of Business Relationship occurs, which timing shall be pursuant to the terms of this Agreement.
Sample 1
Cessation without Good Cause. In the event the Participant’s Business Relationship ceases by reason of the Company’s termination of the Participant without Good Cause (as defined in Appendix A), the Participant shall be entitled to payment of a pro rata Form of TSR PSU Award Agreement (approved May 6, 2018) portion of the earned Performance Share Units for the Performance Period, based on the number of days elapsed in the original 36-month Performance Period prior to the cessation of the Business Relationship and the Company’s percentile rank for the Performance Period. Any Shares in respect of Performance Share Units earned pursuant to the previous sentence shall be paid to the Participant at the same time that the Shares are delivered to other holders of this type of Award, which timing shall be pursuant to the terms of this Agreement.
Sample 1
Cessation without Good Cause. In the event the Participant’s Business Relationship ceases by reason of the Company’s termination of the Participant without Good Cause (as defined in Appendix A), the Participant shall be entitled to payment of a pro rata portion of the earned Performance Share Units for the performance segment in which the Business Relationship ceased, based on the number of days elapsed in such performance segment prior to the cessation of the Business Relationship and the Company’s Average Percentile Rank in respect of such performance segment. Any Shares in respect of Performance Share Units earned pursuant to the previous sentence shall be paid to the Participant at the same time that the Shares are delivered to other holders of this type of Award for the applicable performance segment in which the cessation of Business Relationship occurs, which timing shall be pursuant to the terms of this Agreement. Form of Operating PSU Agreement (approved March 22, 2017)
Sample 1
Cessation without Good Cause. In the event that (i) the Performance Goal is achieved on or before the last day of the Performance Period as certified by the Committee in writing and (ii) the Participant’s Business Relationship ceases after achievement of the Performance Goal by reason of the Company’s termination of the Participant without Good Cause (as defined in Appendix A), then the Participant shall be vested in and entitled to payment of a pro rata portion of the total number of Shares underlying the Performance Share Units based on the number of days elapsed in the Vesting Period prior to the cessation of the Business Relationship less any Shares previously paid to the Participant, which shall be paid to the Participant within 60 days of the date of the cessation of the Business Relationship. In no event, shall the Participant be required to return Shares already paid, nor shall the total number of Shares payable be less than zero. If the Performance Goal is not achieved on or before the date of such termination, all of the Performance Share Units shall be forfeited for no consideration on the date of such termination.
Sample 1
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Related to Cessation without Good Cause

  • Termination Without Good Reason Executive shall have the right to terminate the Period of Employment and Executive’s employment hereunder at any time without Good Reason (as defined below) upon thirty (30) days prior written notice of such termination to the Company. Any such termination by the Executive without Good Reason shall be treated for all purposes of this Agreement as a termination by the Company for Cause and the provisions of Section 7(a) shall apply.

  • Termination Without Just Cause In the case of a termination of Executive’s employment hereunder Without Just Cause in accordance with Section 1.6.6, Executive shall be entitled to the following in lieu of any other compensation or benefits (under Section 1.4 of this Agreement or otherwise) from Employer: (i) Executive shall receive Termination Compensation each month during the Compensation Continuance Period, subject, however, to Executive’s compliance with Executive’s Section 2 covenants (including, without limitation, compliance with the noncompetition and nonsolicitation covenants of Section 2) for a one (1) year period following Executive’s Termination Date. (ii) Employer shall use their best efforts to accelerate vesting of any unvested benefits of Executive under any employee stock-based or other benefit plan or arrangement to the extent permitted by Code Section 409A or other applicable law and the terms of such plan or arrangement. (iii) Employer shall make available to Executive, at Employer’s cost, outplacement services by such entity or person as shall be designated by Employer, with the cost to Employer of such outplacement services not to exceed Twenty Thousand Dollars ($20,000). (iv) During the Compensation Continuance Period, Executive shall either continue to participate (treating Executive as an “active employee” of Employer for this purpose) in the same group hospitalization plan, health care plan, dental care plan, life or other insurance or death benefit plan, and any other present or future similar group employee benefit plan or program for which officers of Employer generally are eligible, on the same terms as were in effect prior to Executive’s Termination Date, or, to the extent such participation is not permitted by any group plan insurer, under comparable individual plans and coverage (to the extent commercially available). The Termination Compensation and other benefits provided for in this Section 1.7.3 shall be paid by Employer in accordance with the standard payroll practices and procedures in effect prior to Executive’s Termination Date. If Executive breaches Executive’s obligations under Section 1.7.3 or Section 2 of this Agreement, Executive shall not be entitled to receive any further Termination Compensation or benefits pursuant to this Section 1.7.3 from and after the date of such breach.

  • Voluntary Termination Without Good Reason The Executive may terminate his employment without Good Reason at any time during the Term of Employment, provided he gives at least thirty (30) days' advance written notice. If the Executive terminates his employment with Holding or the Company without Good Reason (and not because of his death or due to Disability), the Executive shall have the same entitlements hereunder as provided in Section 9(c) in the case of a termination by Holding or the Company for Cause.

  • Resignation without Good Reason The Executive may resign from the Executive’s employment without Good Reason.

  • Termination Without Cause or for Good Reason If Employee’s employment is terminated by the Company without Cause pursuant to Section 4(d) or by Employee for Good Reason pursuant to Section 4(e), Employee shall be entitled to receive, and the Company’s sole obligation to Employee thereafter under this Agreement shall be to pay or provide to Employee, the following: (i) the Accrued Obligations; (ii) the Separate Obligations; (iii) if Employee worked a full calendar year and her employment is terminated by the Company without Cause or by the Employee for Good Reason after the end of such calendar year but prior to the payment of the Incentive Bonus for such calendar year, then Employee shall be entitled to receive the Incentive Bonus, if any, for such calendar year, which shall be due and payable in accordance with Section 4(g)(v) of this Agreement; (iv) if Employee’s employment is terminated by the Company without Cause or by the Employee for Good Reason, then Employee shall be entitled to receive a pro-rated Incentive Bonus, if any, for the calendar year during which their employment was terminated, which shall be due and payable in accordance with Section 4(g)(v) of this Agreement; and (v) subject to Employee’s compliance with Section 5 hereof, payments for the duration of the Restriction Period (as defined in Section 5(c) below) in an annualized amount equal to the Employee’s Base Salary, at the rate in effect immediately prior to the termination of Employee’s employment over the duration of the Restriction Period, the “Severance Payments”). The Severance Payments shall be paid in accordance with the Company’s customary payroll practices, commencing on the first regular payroll date on or following such termination of employment and the first payment shall include the cumulative amount of any payments that would have already accrued following the termination of the Employment Period.

  • For Cause or Without Good Reason If the Executive's employment shall be terminated by the Company for Cause or by the Executive without Good Reason during the Employment Period, the Company shall have no further obligations to the Executive under this Agreement other than pursuant to Sections 7 and 8 hereof, and the obligation to pay to the Executive the Accrued Obligations in cash within 30 days after the Date of Termination and to provide the Other Benefits.

  • Involuntary Termination Without Cause In the event of the Participant’s involuntary Termination by the Company without Cause, the vested portion of the Option shall remain exercisable until the earlier of (i) ninety (90) days from the date of such Termination, and (ii) the expiration of the stated term of the Option pursuant to Section 3(d) hereof.

  • Termination for Cause or Without Good Reason If the Executive’s employment should be terminated (i) by the Company for Cause, or (ii) by the Executive without Good Reason, the Company shall pay to the Executive any Accrued Amounts only, and shall not be obligated to make any additional payments to the Executive.

  • Termination Without Cause The Company may terminate Executive’s employment without Cause.

  • Termination for Cause or Resignation without Good Reason If, during the Term of this Agreement, Executive’s employment is terminated by the Company for Cause, or Executive resigns his employment hereunder without Good Reason, the Company shall pay Executive the Termination Amounts, less standard deductions and withholdings. The Company shall thereafter have no further obligations to Executive under this Agreement, except as otherwise provided by law.

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