Continuous Service Required. Except as otherwise provided in this Section 2, this option may not be exercised unless ninety (90) days prior to exercising this option, the Optionee was and has been at all times since that date of grant of this option, maintaining a Business Relationship with the Company.
Continuous Service Required. The Exercise/Vesting Schedule requires Continuous Service through each applicable vesting date as a condition to the vesting of the applicable installment and rights and benefits under this Agreement. Partial Continuous Service, even if substantial, during any vesting period will not entitle the Optionee to any proportionate vesting or avoid or mitigate a termination of rights and benefits upon or following a termination of Continuous Service.
Continuous Service Required. Except as otherwise provided in this Section 2, the Option may not be exercised unless the Director, at the time he or she exercises the Option, is, and has been at all times since the Date of Grant of the Option, a director of one or more of the Company, a Parent Corporation or a Subsidiary (as such terms are defined in the Plan).
Continuous Service Required. Except as may otherwise be provided in the Participant’s employment or other services agreement with the Company, the Participant shall forfeit the unvested Restricted Stock Units upon a termination of Service occurring for any reason prior to the vesting of the Restricted Stock Units as described in Section 1.(b) (including for or without Cause or due to the Participant’s voluntary resignation for any reason), other than due to the Participant’s (i) death or Disability or (ii) Qualifying Termination (as defined below).
Continuous Service Required. Except as may otherwise be provided in the Participant’s employment or other services agreement with the Company or any of its Affiliates and which is in effect on the Grant Date, the Participant shall forfeit the unvested Restricted Stock Units upon a termination of Service occurring for any reason prior to the vesting of the Restricted Stock Units as described in Section 1(b) (including for or without Cause or due to the Participant’s voluntary resignation) other than due to the Participant’s (i) termination due to death or Disability, (ii) Retirement, (iii) Severance Termination Event or (iv) Qualifying Termination (as defined below). For purposes of this Agreement, the terms “Cause”, “Disability”, “Severance Termination Event” and “Severance Period” shall have the meanings set forth in that that certain Employment Agreement by and between the Participant and the Company, dated December 13, 2022 (the “Employment Agreement”).
Continuous Service Required. Except as may otherwise be provided in the Participant’s employment or other services agreement with the Company or any of its Affiliates and which is in effect on the Grant Date, the Participant shall forfeit the unvested Restricted Stock Units upon a termination of Service occurring for any reason prior to the vesting of the Restricted Stock Units as described in Section 1(b) (including for or without Cause or due to the Participant’s voluntary resignation), other than due to the Participant’s (i) termination due to death or Disability, (ii) Retirement or (ii) Qualifying Termination (as defined below).
Continuous Service Required. Longevity is based on years of continuous service with the City of Hillsboro. A resignation that may be required for a dispatcher to move to the position of police officer, or police officer to move to the position of dispatcher shall not be considered a break in service for the purpose of this section.
Continuous Service Required. The restrictions placed on Shares, as described in Section 3 hereof, shall not lapse in accordance with any of the provisions of this Agreement unless the Participant shall have been in continuous Service from the Date of Grant until the date such lapse occurs.
Continuous Service Required. Five (5) years but less than ten (10) years - $200.00; Ten (10) years but less than Fifteen (15) years - $300.00; Fifteen (15) years but less than Twenty (20) years – $350.00; Twenty (20) years or more - Re: Regular Part-time Employees. Regular part-time employees shall receive longevity pro-rated based on the percentage of a full-time schedule the employee was regularly scheduled to work during the current eligibility year.
Continuous Service Required. No Restricted Shares shall vest and become Vested Shares unless on the Vest Date the Recipient is, and has been at all times since the date of grant of the Restricted Shares, an employee, officer, or director of or individual consultant to the Employer. If the Recipient no longer provides services to the Company in at least one of those capacities, then any Restricted Shares that do not become Vested Shares pursuant to Section 2 or 7 as a result of such cessation, shall be forfeited immediately upon such cessation and revert back to the Company without any payment to the Recipient with respect thereto. The Recipient shall have no further rights with respect to any Restricted Shares that are so forfeited. To the maximum extent permitted under applicable law, the value of any benefit the Recipient realizes through this Agreement will not be included for purposes of calculating separation payments, pension and any other entitlements.
