EFFECT OF TERMINATION ON VESTING. Termination of employment impacts Vesting, however the payment will be calculated and paid after the end of the Performance Period.
EFFECT OF TERMINATION ON VESTING. The entire Restricted Stock Unit Award will be forfeited if your employment Terminates prior to the Vesting Date for any reason.
EFFECT OF TERMINATION ON VESTING. If an Executive's employment with the Company terminates for any reason, such Executive's Convertible Shares shall be vested and fully convertible with respect to that portion of such Executive's Convertible Shares that were vested and convertible on the date of such termination (such Executive's "Termination Date"), and, unless otherwise determined by the Board, any portion of such Executive's Convertible Shares that were not vested and convertible as of such Executive's Termination Date shall not vest from and after the Termination Date and shall not be convertible into Class D Convertible Shares from and after the Termination Date.
EFFECT OF TERMINATION ON VESTING. Unless otherwise determined by the Company's Board of Directors (the "BOARD"), if Executive's employment with the Company terminates for any reason, Executive's Option shall be vested and fully exercisable with respect to that portion of Executive's Option that was vested and exercisable on the date of such termination (Executive's "TERMINATION DATE"), and any portion of Executive's Option that was not vested and exercisable as of Executive's Termination Date shall be forfeited as of such date. Notwithstanding anything to the contrary herein, the number of Option Shares with respect to which Executive's Option may be exercised shall not increase once Executive ceases to be employed by the Company.
EFFECT OF TERMINATION ON VESTING a. Termination in a Non-European Union Payroll Country If you are on a non-European Union country’s payroll at Termination of employment, your Restricted Stock Unit Award is affected as follows: i. If your employment Terminates prior to [DATE] of the year following the Grant Date, then all Restricted Stock Units will be forfeited as of your Termination. ii. If your employment Terminates on or after [DATE] of the year following the Grant Date; and if, upon Termination, you are at least age 65, have at least 90 points (sum of age and service at Termination), or have retired due to Mandatory Retirement, then one-third (1/3rd) of your Restricted Stock Unit Award will vest on each [DATE] following the first (1st) anniversary of the Grant Date. iii. If your employment Terminates on or after [DATE] of the year following the Grant Date; and if, upon Termination, you are at least age 60 or have at least 75 points (sum of age and service at Termination), then a portion of the Restricted Stock Unit Award will vest as follows: the total vested portion of your Restricted Stock Unit Award is determined by multiplying the number of Restricted Stock Units granted by the number of completed months from the Grant Date to your date of Termination, up to a maximum of 36 months, divided by 36 months. The portion of your Restricted Stock Unit Award that does not vest in accordance with this formula will be forfeited as of your date of Termination. iv. If your employment Terminates on or after [DATE] of the year following the Grant Date and if, upon Termination you are less than age 60 or have less than 75 points (sum of age and service at Termination), then the unvested portion of your Restricted Stock Unit Award will be forfeited as of your date of Termination. v. Notwithstanding the foregoing, if you Terminate employment after a Change in Control and are eligible for a severance pay benefit under the Chevron Corporation Change in Control Surplus Employee Severance Program for LTIP Eligible Participants in Salary Grades 43 and below, as may be amended, then one-third (1/3rd) of the Restricted Stock Unit Award will vest on each [DATE] following the first (1st) anniversary of the Grant Date.
EFFECT OF TERMINATION ON VESTING. If at any time for any reason an Executive is no longer an employee of the Company or any of its Subsidiaries and also is no longer a director of the Company or any of its Subsidiaries, such Executive’s Convertible Shares shall be vested and fully convertible with respect to that portion of such Executive’s Convertible Shares that were vested and convertible on the date of such termination (such Executive’s “Termination Date”), and, unless otherwise determined by the Board, any portion of such Executive’s Convertible Shares that were not vested and convertible as of such Executive’s Termination Date shall not vest from and after the Termination Date and shall not be convertible into Class D Convertible Shares or Class I Convertible Shares, as applicable, from and after the Termination Date.
EFFECT OF TERMINATION ON VESTING. Except as otherwise provided in Paragraph 4(b), in the event the employment of the Participant is terminated for any reason (including, but not limited to, termination for Cause or termination by reason of the Participant’s death, Disability, or retirement), any unvested RSUs granted to the Participant will expire and be forfeited at the close of business on the date of such termination.
EFFECT OF TERMINATION ON VESTING. If your service as a director of DARA terminates for any reason, any portion of the Restricted Stock that was not already earned and vested pursuant to Section (1) above as of the date of termination shall terminate and be cancelled and forfeited as of such date.
EFFECT OF TERMINATION ON VESTING. If at any time for any reason an Executive is no longer an employee of the Company or any of its Subsidiaries and also is no longer a director of the Company or any of its Subsidiaries, such Executive’s Class A1 Convertible Shares, Class A2 Convertible Shares and Class A3 Convertible Shares shall be vested and fully convertible with respect to that portion of such Executive’s Class A1 Convertible Shares, Class A2 Convertible Shares and Class A3 Convertible Shares that were vested and convertible on the date of such termination (such Executive’s “Termination Date”), and, unless otherwise determined by the Board, any portion of such Executive’s Class A1 Convertible Shares, Class A2 Convertible Shares and Class A3 Convertible Shares that were not vested and convertible as of such Executive’s Termination Date shall not vest from and after the Termination Date and shall not be convertible into Class D Convertible Shares from and after the Termination Date.
EFFECT OF TERMINATION ON VESTING. In the event of a complete or partial termination of the Plan or a complete discontinuance of contributions, as those terms are defined in the Code and related regulations and/or rulings, such affected Employees shall, notwithstanding any other provision of the Plan, be 100% nonforfeitable vested as of the effective dated of such termination in the value of their Accounts after adjustments for related expenses and/or unallocated Trust Fund profits, losses or contributions have been made.
