Continued Employment Requirement. In order to encourage and reward longevity, except as otherwise specifically provided in Section 4(b)(ii) hereof, Executive shall not be entitled to any Performance Bonus unless Executive is employed by the Company on the day on which the Company actually pays performance bonuses to its executives.
Continued Employment Requirement. Except as otherwise provided by Section 3, Section 4 or Section 5, the vesting of a Participant’s Option is subject to and conditioned upon the Participant’s continued Employment at all times during the period beginning with the Date of Grant and ending on the Vesting Date.
Continued Employment Requirement. Except as otherwise provided by Section 2, Section 3 or Section 4, the vesting of a Participant’s Award is subject to and conditioned upon the Participant’s continued Employment at all times during the period beginning with the Date of Grant and ending on the Vesting Date.
Continued Employment Requirement. This Option may be exercised, in whole or in part, at any time only after Optionee has served as an employee of the Company following the effective date of this Agreement for at least the period shown in paragraph 1(a) above. However, the occurrence of either of the following events will cause the Option to become immediately and fully exercisable, notwithstanding the above requirement:
(a) The death of Optionee; or
(b) The occurrence of a Business Combination (as defined below) which is not approved by a two-thirds vote of the Continuing Directors (as defined below). For purposes of this Section, the following definitions apply:
Continued Employment Requirement. Employee must continue to be employed by the Company through the date of the Change in Control in order to be eligible to receive the Change in Control Bonus. In the event of Employee’s termination of employment for any reason prior to the occurrence of a Change in Control, Employee shall cease to be eligible to receive the Change in Control Bonus.
Continued Employment Requirement. All Nurses who receive reimbursement under this policy are obligated to remain employed at Xxxxxx for one (1) full year in a regular full-time, part-time, or weekend package position following the completion of an approved college course. If a Nurse terminates his/her employment, reduces to ineligible status, or changes to PRN status for any reason before the end of the one (1) year period, he/she will be required to refund the full amount of reimbursement received under this Article. If a Nurse changes status from full-time to regular part-time or full-time to weekend package, the Nurse must repay the reimbursement portion in excess of the regular part-time/weekend package allotment.
Continued Employment Requirement. To earn the RSUs, in addition to satisfying the applicable performance criteria set forth in Appendix A, Grantee must remain employed through the last day of the Performance Period. Except as provided in Section 3 of this Agreement, if Grantee’s employment terminates for any reason before the last day of the Performance Period, the RSUs shall immediately and automatically be forfeited as of the date of termination, and Grantee shall have no further rights with respect to this Award. Subject to Section 15 of this Agreement, the Committee shall determine in its sole discretion whether and when a termination of employment occurs and such determination shall be final and binding.
Continued Employment Requirement. Except as otherwise provided by Section 3, Section 4 or Section 5, the vesting of a Participant’s Option is subject to and conditioned upon the Participant’s continued Employment at all times during the period beginning with the Date of Grant and ending on the Vesting Date. For purposes of the Option, the Participant’s Employment will be considered terminated as of the date the Participant is no longer actively providing services to the Company or one of its Affiliates (regardless of the reason for such termination and whether or not later found to be invalid or in breach of employment laws in the jurisdiction where the Participant is employed or providing services or the terms of the Participant’s employment or service agreement, if any), and unless otherwise expressly provided in this Agreement, the Participant’s Award Communication or the Participant’s Notice Agreement, or determined by the Company, the Participant’s right to vest in the Option under the Plan, if any, will terminate as of such date and will not be extended by any notice period (e.g., the Participant’s period of Employment would not include any contractual notice period or any period of “garden leave” or similar period mandated under employment laws in the jurisdiction where the Participant is employed or providing services or the terms of the Participant’s employment or service agreement, if any). The Committee shall have the exclusive discretion to determine when the Participant is no longer actively providing services for purposes of his or her Option (including whether the Participant may still be considered to be providing services while on a leave of absence).
Continued Employment Requirement. Except as otherwise provided by Section 2(d), and subject to compliance with Section 2(b) the vesting of the PSAs is subject to the Participant’s continued employment with the Company and its Affiliates through the “Normal Vesting Date” set forth above.
Continued Employment Requirement. Except as otherwise provided by Section 2(c), and subject to compliance with Section 2(b), the Option will vest and become “Vested Options” according to the following schedule: __________________________________________________________ __________________________________________________________ In the event that the Participant becomes entitled to a fractional Option Share, such fractional Option Share shall not vest unless and until the Participant becomes entitled to such number of fractional Option Shares as shall be equal in sum to a whole Option Share.
