Employment Events. (a) Subject to the attached Appendix A, if any of the employment events listed below occur prior to the Release Date, the terms of this subparagraph shall apply. The following table describes the result depending on the reason for the Recipient’s termination of employment, or other employment event, and the timing of the same. In the event of the Recipient’s termination of employment prior to the Release Date for reasons other than those set forth below, the Award shall be forfeited. Event During the Performance Period During the Service Period Disability · Performance Period continues · After the Performance Criteria are certified, the number of Shares earned are issued and released on the Release Date. · Service Period continues. · Issue and/or release Shares earned on the Release Date Employment with the Company or a Subsidiary terminates because of Disability · Performance Period continues · After the Performance Criteria are certified, the number of Shares earned are issued and released on the Release Date. · Issue and/or release Shares earned on the Release Date Employee is involuntarily terminated from the Company or a Subsidiary after attaining age 50 and completing 10 Years of Service because of a reduction in workforce, internal reorganization, or job elimination and employee signs a release of all claims and, if requested, an agreement on confidentiality and competition. · Awards held less than 12 months from the Award Date are forfeited. · For Awards held at least 12 months from the Award Date, such recipient shall be entitled to retain a prorated number of Shares subject to the Award if such Shares have been earned, unless otherwise specified at the time of grant. Shares will be prorated based on the number of whole and partial calendar months of service during the Performance Period through the date of termination of employment, with any partial calendar months equaling a whole calendar month. The number of Shares earned are issued and released on the Release Date. If required by Section 409A of the Internal Revenue Code, Shares may not be released to specified employees until at least six months following termination of employment. · If all requirements met, earned Shares are released on the Release Date. If required by Section 409A of the Internal Revenue Code, Shares may not be released to specified employees until at least six months following termination of employment. Employment with the Company or a Subsidiary terminates after attainin...
Employment Events. Subject to Appendix A, if Xxxxxxx’s employment with the Company terminates or is interrupted, or if Xxxxxxx’s status changes under the circumstances described below, Xxxxxxx’s rights with respect to the Award will be affected as provided in this Section 3. If Xxxxxxx’s employment with the Company is terminated prior to the end of the Performance Period for reasons other than those set forth below, the Award shall be forfeited. Event Following commencement of Performance Period and prior to the end of the Performance Period Employment with the Employer terminates because of Disability (as defined in Section 14). The Grantee shall be entitled to earn a number of PSUs subject to the Award as if active employment continued for the entire Performance Period, taking into account the actual performance of the Company for the Performance Period. After the Performance Criteria are certified, shares of Stock equal to the number of PSUs earned will be issued on the Payment Date. Employment with the Employer terminates as a result of a Retirement in Good Standing (as defined in Section 14). If the Grantee: • Incurs a Retirement in Good Standing before the end of the first fiscal year of the Company since the start of the Performance Period, the Award is forfeited. • Incurs a Retirement in Good Standing on or after the complete fiscal year of the Company from start of the Performance Period, such recipient shall be entitled to retain a prorated number of PSUs subject to the Award if such PSUs have been earned. The PSUs will be prorated based on the number of complete calendar months of employment during the Performance Period through the date of termination of employment. After the Performance Criteria are certified, shares of Stock equal to the pro-rated number of PSUs earned will be issued on the Payment Date. Employment with the Employer terminates because of death. The Grantee’s estate shall be paid a cash amount equal to the value of the Target Award. The value shall be determined based on the closing price of the Stock on the date of the Grantee’s death and shall be paid as soon as administratively practicable within 75 days after the Grantee’s death. Employment with the Employer involuntarily terminates, for reasons other than for Cause and meets the requirements of a Change in Control Termination (as defined in Section 14). Award shall be treated as described in Section 4.2(h)(ii) of the Plan, with immediate vesting and performance-criteria deemed to have been ...
Employment Events. (a) The following chart describes the impact on vesting and the exercise period of certain events.
Employment Events. (a) Subject to the attached Appendix A, if any of the employment events listed below occur prior to the Release Date, the terms of this subparagraph shall apply. The following table describes the result depending on the reason for the Recipient’s termination of employment, or other employment event, and the timing of the same. In the event of the Recipient’s termination of employment prior to the Release Date for reasons other than those set forth below, the Award shall be forfeited. Event Impact on Vesting Impact on Release Disability Award continues to vest if employee is still employed. Award shall be settled in Shares on Release Date. Employment with the Company or a Subsidiary terminates because of Disability Award immediately vests. Shares will be released within 90 days after the date of termination.
Employment Events. The contractor shall:
Employment Events. The following chart outlines the provisions which apply to the grant for various employment events.
Employment Events. (a) Subject to the attached Appendix A, if any of the employment events listed below occur prior to the Vesting Date, the terms of this subparagraph shall apply. The following table describes the result depending on the nature of the Grantee’s termination of employment, or other employment event, and the timing of the same. In the event of the Grantee’s termination of employment prior to the Vesting Date for reasons other than those set forth below, the Award shall be forfeited.
Employment Events. Section 3 of the Agreement shall be supplemented with the following: ‘Notwithstanding anything in the Plan or the Agreement, in the event the Grantee’s employment with the Company or a Subsidiary terminates because of death prior to the satisfaction of the Performance Period, the RSUs will immediately vest and the performance-criteria will be deemed to have been met at Target performance levels and be transferable to the Grantee’s heirs. The Grantee’s heirs may request issuance of the underlying shares of Stock within six months after the Grantee’s death. If the Grantee’s heirs do not request the issuance of the underlying shares of Stock within six months of the Grantee’s death, the RSUs will be forfeited.’
Employment Events. (a) Subject to the attached Appendix A, if any of the employment events listed below occur prior to the Release Date, the terms of this subparagraph shall apply. The following table describes the result depending on the reason for the Recipient’s termination of employment, or other employment event, and the timing of the same. In the event of the Recipient’s termination of employment prior to the Release Date for reasons other than those set forth below, the Award shall be forfeited.
Employment Events. (a) Subject to the attached Appendix A, if any of the employment events listed below occur prior to the Vesting Date, the terms of this subparagraph shall apply. The following table describes the result depending on the nature of the Grantee’s termination of employment, or other employment event, and the timing of the same. In the event of the Grantee’s termination of employment prior to the Vesting Date for reasons other than those set forth below, the Award shall be forfeited. Event Following Grant Date and prior to Vesting Date Employment with the Company or an Affiliated Company terminates because of Disability (as defined in Section 15, below). The Award will continue to vest as if active employment continued for the entire vesting period. Employment with the Company or an Affiliated Company terminates as a result of a Retirement in Good Standing (as defined in Section 15, below). • The Award shall: • continue to vest as if active employment continued for the entire vesting period if employment terminates as a result of a Retirement in Good Standing on or after the first Vesting Date. • be forfeited in its entirety if employment terminates as a result of Retirement in Good Standing prior to the first Vesting Date. Employment with the Company or an Affiliated Company terminates because of death. All unvested RSUs subject to the Award shall immediately vest. Employment with the Company or an Affiliated Company involuntarily terminates, for reasons other than for Cause and meets the requirements of a Change in Control Termination (as defined in Section 15, below). The Award shall be treated as described in Section 4.2(h)(ii) of the Plan, with immediate vesting. Military leave or other leave to the extent required by applicable law For this purpose, employment is deemed to continue during the vesting period. Unpaid leave of absence pursuant to published Company policy of 12 months or less (other than leaves described above) 1 The Award will continue to vest as if active employment continued for the entire vesting period.
