Common use of Determination of Termination Date Clause in Contracts

Determination of Termination Date. For purposes of this Award Agreement, the date of termination of the Participant’s Service shall be the date upon which the Participant ceases active performance of services for the Company, a Subsidiary or Affiliate, as determined by the Company following the provision of such notification of termination or resignation from Service and shall be determined solely by this Award Agreement and without reference to any other agreement, written or oral, including the Participant’s contract of employment (if any). Thus, in the event of termination of the Participant’s Service (regardless of the reason for such termination and whether or not later to be found invalid or in breach of employment laws in the jurisdiction where the Participant is employed or the terms of the Participant’s employment contract, if any), and unless otherwise expressly provided in this Agreement or determined by the Company, the Participant’s right to vest in the Units 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 Service 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 the terms of the Participant’s employment contract, if any). The Committee shall have the exclusive discretion to determine when the Participant is no longer actively providing services for purposes of this Award Agreement (including whether the Participant may still be considered to be providing services while on a leave of absence).

Appears in 6 contracts

Samples: Global Psu Award Agreement (Silicon Laboratories Inc.), Award Agreement (Silicon Laboratories Inc), Global Psu Award Agreement (Silicon Laboratories Inc)

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Determination of Termination Date. For purposes of this Award Agreement, the Participant’s date of termination cessation of the Participant’s Service shall be mean the date upon which the Participant ceases active performance of services for the Company, a Subsidiary or Affiliate, as determined by the Company following the provision of such notification of termination or resignation from Service and shall be determined solely by this Award Agreement and without reference to any other agreement, written or oral, including the Participant’s contract of employment (if any). Thus, in the event of termination of the Participant’s Service (regardless of the reason for such termination and whether or not later to be found invalid or in breach of employment laws in the jurisdiction where the Participant is employed or the terms of the Participant’s employment contractagreement, if any), and unless otherwise expressly provided in this Agreement or determined by the Company, the Participant’s right to vest in the Restricted Stock Units 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 Service 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 the terms of the Participant’s employment contractagreement, if any). The ; the Committee shall have the exclusive discretion to determine when the Participant is no longer actively providing services for purposes of this Award Agreement the grant of Restricted Stock Units (including whether the Participant may still be considered to be providing services while on a leave of absence).

Appears in 3 contracts

Samples: Stock Units Award Agreement, Award Agreement (Silicon Laboratories Inc), Award Agreement (Silicon Laboratories Inc)

Determination of Termination Date. For purposes of this Award Agreement, the Participant’s date of termination cessation of the Participant’s Service shall be mean the date upon which the Participant ceases active performance of services for the Company, a Subsidiary or Affiliate, as determined by the Company Company, including following the provision of such a notification of termination or resignation from Service and shall be determined solely by this Award Agreement and without reference to any other agreement, written or oral, including the Participant’s contract of employment agreement (if any). Thus, in the event of termination of the Participant’s Service (regardless of the reason for such termination and whether or not later found to be found invalid or in breach of employment laws in the jurisdiction where the Participant is employed or the terms of the Participant’s employment contractagreement, if any), and unless otherwise expressly provided in this Award Agreement or determined by the Company, the Participant’s right to vest in the Units Restricted Shares 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 Service 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 the terms of the Participant’s employment contractagreement, if any). The Committee shall have the exclusive discretion to determine when the Participant is no longer actively providing performing services for purposes of this Award Agreement the grant of Restricted Shares (including whether the Participant may still be considered to be providing services while on a leave of absence).

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Universal Health Services Inc)

Determination of Termination Date. For purposes of this Award Agreement, the Participant’s date of termination cessation of the Participant’s Service shall be mean the date upon which the Participant ceases active performance of services for the Company, a Subsidiary or Affiliate, as determined by the Company Company, including following the provision of such a notification of termination or resignation from Service and shall be determined solely by this Award Agreement and without reference to any other agreement, written or oral, including the Participant’s contract of employment agreement (if any). Thus, in the event of termination of the Participant’s Service (regardless of the reason for such termination and whether or not later found to be found invalid or in breach of employment laws in the jurisdiction where the Participant is employed or the terms of the Participant’s employment contractagreement, if any), and unless otherwise expressly provided in this Award Agreement or determined by the Company, the Participant’s right to vest in the Restricted Stock Units 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 Service 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 the terms of the Participant’s employment contractagreement, if any). The Committee shall have the exclusive discretion to determine when the Participant is no longer actively providing performing services for purposes of this Award Agreement the grant of Restricted Stock Units (including whether the Participant may still be considered to be providing services while on a leave of absence).

Appears in 1 contract

Samples: Restricted Stock Units Award Agreement (Universal Health Services Inc)

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Determination of Termination Date. For purposes of this Award Agreement, the date of termination of the Participant’s 's Service shall be the date upon which the Participant ceases active performance of services for the Company, a Subsidiary or Affiliate, as determined by the Company following the provision of such notification of termination or resignation from Service and shall be determined solely by this Award Agreement and without reference to any other agreement, written or oral, including the Participant’s 's contract of employment (if any). Thus, in the event of termination of the Participant’s 's Service (regardless of the reason for such termination and whether or not later to be found invalid or in breach of employment laws in the jurisdiction where the Participant is employed or the terms of the Participant’s 's employment contract, if any), and unless otherwise expressly provided in this Agreement or determined by the Company, the Participant’s 's right to vest in the Units 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 's period of Service 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 the terms of the Participant’s 's employment contract, if any). The Committee shall have the exclusive discretion to determine when the Participant is no longer actively providing services for purposes of this Award Agreement (including whether the Participant may still be considered to be providing services while on a leave of absence).

Appears in 1 contract

Samples: Global Psu Award Agreement (Silicon Laboratories Inc)

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