Effects of Termination of Employment Sample Clauses

Effects of Termination of Employment. (a) Upon termination of Executive's employment with the Company for any reason whatsoever, Employer shall pay to Executive (or in case of Executive's death, to his estate), within thirty (30) days of the effective date of such termination, all salary and expense reimbursements due to Executive through the date of such termination, and Executive shall be entitled to such benefits as are available pursuant to the terms of any benefit or similar plans, policies or programs in which Executive was participating at the time of such termination pursuant to Section 6 of this Agreement. In addition, upon termination of Executive's employment with the Company for death or permanent disability, in lieu of any further salary or bonus payments as severance to Executive for periods subsequent to such termination and in lieu of any other severance otherwise payable to Executive, the Company will pay to Executive (or to his estate, as applicable), within thirty (30) days of such termination, a lump sum severance payment, in cash equal to one (1) year of Executive's Base Salary as in effect immediately prior to such termination of Executive's employment. Also, if the Company terminates the Executive's employment for any reason other than those set forth in Sections 2(a), (b) or (c), or if Executive terminates Executive's Employment under Section 2(d), the Company shall continue throughout the full Term of this Agreement to pay Executive's salary pursuant to Section 4 and to provide Executive's benefits pursuant to Section 6 (and, if the Company pays Executive's salary and provides Executive's benefits for the full Term of this Agreement, Executive shall be subject to the covenants contained in Section 9 through the full term of this Agreement). (b) Notwithstanding any termination of this Agreement or Executive's employment hereunder, this Section 7 and Sections 10 and 11 of this Agreement, and the rights and obligations created therein, shall survive without limitation.

Effects of Termination of Employment. If prior to the close of the Performance Period the employment of a Participant who received an award of Performance Shares is voluntarily terminated with the consent of the Company or a Subsidiary or the Participant retires, or if the Participant dies during employment, the Committee may in its absolute discretion determine to pay all or any part of the Performance Share award based upon the extent to which the Committee determines the Performance Target or Minimum Target has been achieved as of the date of termination of employment, retirement or death, the period of time remaining until the close of the Performance Period and/or such other factors as the Committee may deem relevant. If the Committee in its discretion determines that all or any part of the Performance Share award shall be paid, payment shall be made to the Participant or his or her estate as promptly as practicable following such determination and may be made in cash, in shares of Common Stock, or partly in cash and partly in shares of Common Stock, as determined by the Committee at the time of the payment. For this purpose, Performance Shares expressed in dollars shall be converted to shares, and Performance Shares expressed in shares shall be converted to dollars, based on the Fair Market Value of the Common Stock as of the date the amount payable is determined by the Committee. If, prior to the close of a Performance Period, a Termination of Employment of a Participant who received an award of Performance Shares occurs for any reason other than voluntary termination with the consent of the Company or a Subsidiary, Retirement or death, the Performance Shares of the Participant shall be deemed not to have been earned, and no portion of such Performance Shares may be paid. Whether Termination of Employment is a voluntary termination with the consent of the Company or a Subsidiary shall be determined, in its discretion, by the Committee. Any determination by the Committee on any matter with respect to Performance Shares shall be final and binding on both the Company and the awardee.

Effects of Termination of Employment. All rights to the Pre- ------------------------------------ Retirement Survivor Benefit provided for in paragraph 1(a) or 1(b) above shall cease if and when a participating employee's employment by the Company or one of its subsidiaries terminates prior to age 65 for any reason other than death or disability as set forth above.

Effects of Termination of Employment. (a) Either the Board or the Executive may terminate the Executive's employment at any time and for any reason during the Employment Period. Upon termination or expiration of this Agreement, Executive shall receive his Base Salary up through the date of termination and all accrued and/or vested benefits, compensation or awards of any kind to which he is entitled under the applicable plans and award agreements and as provided in this Agreement.

Effects of Termination of Employment a) If a Optionee's employment with the Company is involuntarily terminated by the Company for any reason or is terminated by the Optionee for any reason, this Option shall terminate with respect to any unvested portion of the Option upon the date of such termination of employment. b) In connection with any termination of Optionee's employment contemplated in this Section 4(a), for any reason other than death or total and permanent disability (as defined in Section 4.2(c) of the Plan), Optionee's right to exercise the vested portion of the Option subsequent to termination of employment shall terminate ninety (90) days after the date of termination of Optionee's employment by the Company. In connection with any termination of Optionee's employment due to the death or total and permanent disability (as defined in Section 4.2(c) of the Plan) of Optionee, Optionee's right to exercise the vested portion of the Option subsequent to such termination of employment shall terminate twelve (12) months after the date of death or termination of employment by reason of such disability, as the case may be.

Effects of Termination of Employment a. If, before this Award vests, your employment with the Company or a subsidiary terminates for any reason other than your death or Disability, your Restricted Stock Unit Award will be forfeited on your termination date. b. If prior to [insert Service Date], your employment with the Company or any subsidiary terminates on account of your Disability, the Restricted Stock Unit Award will vest immediately if the performance condition has been met at the time of your termination or on such later date (on or before [insert last day of Performance Period]) that the performance condition is met. Notwithstanding the foregoing, in order to meet the requirements of the favorable tax and social security regime in France, if the performance condition is satisfied and your employment terminates by reason of your Disability prior to [insert French holding period date], the Award will vest on that date. c. If between [insert Service Date and last day of Performance Period], your employment terminates on account of your Disability, the Restricted Stock Unit Award will vest on the date the performance condition is met, as long as that occurs on or before [insert last day of Performance Period]. d. If your employment with the Company or any subsidiary terminates at any time by reason of your death, one hundred percent (100%) of this Award shall become immediately and fully vested as of the date of your death. The Company shall issue the underlying shares of Stock to your heirs upon their request for a period of six months following the date of your death.

Effects of Termination of Employment