Common use of Duration of Participation Clause in Contracts

Duration of Participation. A Participant shall only cease to be a ------------------------- Participant in the Plan as a result of an amendment or termination of the Plan complying with Article VII of the Plan, or when he ceases to be an Employee of any Employer, unless, at the time he ceases to be an Employee, such Participant is entitled to payment of Separation Benefits as provided in the Plan or there has been an event or occurrence described in Section 4.2(a) which would enable the Participant to terminate his employment and receive Separation Benefits. A Participant entitled to payment of a Separation Benefit or any other amounts under the Plan shall remain a Participant in the Plan until the full amount of the Separation Benefit and any other amounts payable under the Plan have been paid to the Participant.

Appears in 2 contracts

Samples: Merger Agreement (Wisconsin Electric Power Co), Merger Agreement (Wicor Inc)

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Duration of Participation. A Participant shall only cease to be a ------------------------- Participant in the Plan as a result of an amendment or termination of the Plan complying with Article VII Section 6.1 of the Plan, or when he the Participant ceases to be an Employee of any EmployerEmployee, unless, at the time he ceases to be an Employee, such Participant is entitled to a payment of Separation Benefits Benefit as provided in the Plan or there has been an event or occurrence described in Section 4.2(a) that constitutes Good Reason which would enable the Participant to terminate his employment and receive a Separation BenefitsBenefit. A Participant entitled to payment of a Separation Benefit or any other amounts amount under the Plan shall remain a Participant in the Plan until the full amount of the Separation Benefit and any other amounts payable under the Plan have been paid to the Participant.

Appears in 2 contracts

Samples: Change in Control Severance Plan (FCStone Group, Inc.), Change in Control Severance Plan (FCStone Group, Inc.)

Duration of Participation. A Participant shall only cease to be a ------------------------- Participant in the Plan as a result of an amendment or termination of the Plan complying with Article VII of the Plan, or when he or she ceases to be an Employee of any Employer, unless, at the time he or she ceases to be an Employee, such Participant is entitled to payment of a Separation Benefits Benefit as provided in the Plan or there has been an event or occurrence described in Section 4.2(a) which would enable the Participant to terminate his employment and receive a Separation BenefitsBenefit. A Participant entitled to payment of a Separation Benefit or any other amounts under the Plan shall remain a Participant in the Plan until the full amount of the Separation Benefit and any other amounts payable under the Plan have been paid to the Participant.. ARTICLE IV

Appears in 1 contract

Samples: Senior Executive Severance Policy (Xcel Energy Inc)

Duration of Participation. A Participant shall only cease to be a ------------------------- --- -------------------------- Participant in the Plan as a result of an amendment or termination of the Plan complying with Article VII of the Plan, or when he ceases to be an Employee of any Employer, unless, at the time he ceases to be an Employee, such Participant is entitled to payment of a Separation Benefits Benefit as provided in the Plan or there has been an event or occurrence described in Section 4.2(a) which would enable the Participant to terminate his employment and receive a Separation BenefitsBenefit. A Participant entitled to payment of a Separation Benefit or any other amounts under the Plan shall remain a Participant in the Plan until the full amount of the Separation Benefit and any other amounts payable under the Plan have been paid to the Participant.

Appears in 1 contract

Samples: Severance Policy (Northern States Power Co /Mn/)

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Duration of Participation. A Participant shall only cease to be a ------------------------- Participant in the Plan as a result of an amendment or termination of the Plan complying with Article VII VI of the Plan, or when he the Participant ceases to be an Employee of any Employeremployed by the Corporation, unless, at the time he the Participant ceases to be an Employeeemployed, such Participant is entitled to payment of a Separation Benefits Benefit as provided in the Plan or there has been an event or occurrence described in Section 4.2(a) which would enable the Participant to terminate his employment and receive a Separation BenefitsBenefit. A Participant entitled to payment of a Separation Benefit or any other amounts amount under the Plan shall remain a Participant in the Plan until the full amount of the Separation Benefit and any other amounts payable under the Plan have been paid to the Participant.

Appears in 1 contract

Samples: Senior Executive Severance Plan (American Electric Power Company Inc)

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