Employee’s Change in Status Sample Clauses

Employee’s Change in Status. If Employee’s termination of employment is as a result of a Change in Status, he shall nevertheless be entitled to the benefits described in Paragraphs 6(a) or 6(b) as applicable and such Change in Status shall not be viewed as disqualifying him for such benefits. He shall continue to vest with reference to his post-employment service as a non-employee director of the Company or as a consultant to the Company in all amounts to his credit under the LTIP, in all Restricted Stock and Restricted Stock Units under Appendix A, and in any other equity or equity based awards that may have been granted to him. In the event of Employee’s Change in Status, he shall be issued the full amount of stock units for which he is eligible under the terms of Appendix A and the LTIP at the time of his Change in Status taking into account (i) applicable performance criteria for those awards; and (ii) Employee’s vesting in such awards with reference to his continuing service with the Company after his Change in Status. In addition, Employee shall be entitled to receive each grant described in subparagraph (A)(1)(a) of Appendix A (and to continue to earn such grant with reference of Company performance during the relevant fiscal year of the Company) for the year in which his Change in Status occurs if he has completed at least six (6) months of service as Chief Executive Officer during such year, with such grant prorated to reflect such partial year of service. Further, if, prior to the Change in Status, Employee has completed one (1) full year of service in the position of Chief Executive Officer during any LTIP performance period, then he shall be entitled to earn the remainder of the LTIP grant for that performance period as if he had remained employed by the Company for the entire performance period. For purposes of this Agreement, “Change in Status” shall be defined as the occurrence of either of the following: (i) Employee’s termination of employment with the Company under circumstances in which Employee remains in the service of the Company as a non-employee member of the Board or as a consultant of the Company; or (ii) Employee’s continued employment with the Company on or after the termination of Employee’s employment as Chief Executive Officer.
Sample 1
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Employee’s Change in Status. An employee’s change in status is to be processed at the time the employee notifies the Treasurer of a change in dependency or marital status. An employee who leaves the employ of the Board as a result of retirement, resignation, termination or otherwise shall have benefits terminated effective on the last day of the month of active employment. Employees who terminate effective at the end of a school year shall have benefits terminated effective July
Sample 1

Related to Employee’s Change in Status

  • Change in Status ‌ In the event of any substantive change in its legal status, organizational structure, or fiscal reporting responsibility, Contractor will notify HCA of the change. Contractor must provide notice as soon as practicable, but no later than thirty (30) calendar days after such a change takes effect.

  • Termination of Employment; Change in Control (i) For purposes of the grant hereunder, any transfer of employment by the Optionee among the Corporation and the Subsidiaries shall not be considered a termination of employment. If the Optionee's employment with the Corporation is terminated for Cause (as defined in the last Section hereof), the Option, whether or not then vested, shall be automatically terminated as of the date of such termination of employment. If the Optionee's employment with the Corporation shall terminate other than by reason of Retirement (as defined in the last Section hereof), Disability (as defined in the last Section hereof), death or Cause, the Option (to the extent then vested) may be exercised at any time within ninety (90) days after such termination (but not beyond the Term of the Option). The Option, to the extent not then vested, shall immediately expire upon such termination. If the Optionee dies or becomes Disabled (A) while employed by the Corporation or (B) within 90 days after the termination of his or her employment other than for Cause or Retirement, the Option (to the extent then vested) may be exercised at any time within one year after the Optionee's death or Disability (but not beyond the Term of the Option). The Option, to the extent not then vested, shall immediately expire upon such death or disability. If the Optionee's employment terminates by reason of Retirement, the Option shall (A) become fully and immediately vested and exercisable and (B) remain exercisable for three years from the date of such Retirement (but not beyond the Term of the Option).

  • Prior to a Change in Control If the Final Measurement Date occurs prior to a Change in Control, the Award will be settled in shares of Tyson Class A common stock no later than sixty (60) days after the Final Measurement Date; provided, however, that if the 60-day period for execution and non-revocation of a Release pursuant to Section 3.3 above will span two (2) calendar years, then the settlement of the Award will occur as soon as practicable after, but no earlier than, the first (1st) day of the second (2nd) calendar year.

  • Termination of Employment Following a Change in Control Notwithstanding the provisions of Section 6.3 hereof to the contrary, if the Employee’s employment by the Company is terminated by the Company in accordance with the terms of Section 4 of the Termination Agreement and the Employee is entitled to benefits provided in Section 5 of the Termination Agreement, the Company shall pay to the Employee, in a lump sum in cash within 30 days after the Date of Termination, the aggregate of the Employee’s Base Salary (as in effect on the Date of Termination) through the Date of Termination, if not theretofore paid, and, in the case of compensation previously deferred by the Employee, all amounts of such compensation previously deferred shall be paid in accordance with the plan documents governing such deferral. Except with respect to the obligations set for forth in the Termination Agreement, notwithstanding any provisions herein to the contrary, all other obligations of the Company and rights of the Employee hereunder shall terminate effective as of the Date of Termination.

  • Termination of Employment Following Change in Control (a) If a Change in Control (as defined in Section 5(b) of this Agreement) shall occur and if thereafter at any time during the term of this Agreement there shall be:

  • Not a Change in Control The Parties hereto acknowledge and agree that the transactions contemplated by the Distribution Agreement and this Agreement do not constitute a “change in control” for purposes of any RemainCo Benefit Plan or SpinCo Benefit Plan.

  • Termination After Change in Control Sections 9.2 and 9.3 set out provisions applicable to certain circumstances in which the Term may be terminated after Change in Control.

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