Common use of Event During the Performance Period During the Service Period Clause in Contracts

Event During the Performance Period During the Service Period. Employment with the Company or a Subsidiary involuntarily terminates for reasons other than for cause within one year after a Change in Control · Award shall be treated as described in the Plan. · Award shall be treated as described in the Plan. US military leave · 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 Unpaid leave of absence pursuant to published Company policy of 12 months or less1 · 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 Transfer, at Company’s discretion, to an Affiliate that is not a Subsidiary · Performance Period continues. · The Performance Period will be will be prorated and based on the number of days the employee performed services for the respective business unit, group or for Corporate prior to transfer and the Performance Criteria for Corporate after the transfer. · After the Performance Criteria are certified, the number of Shares earned are issued and released on the Release Date. · Service Period continues. · If all requirements met, earned Shares are released on the Release Date. Transfer to a Subsidiary that does not participate in the long term incentive program and for which no Performance Criteria is shown in Appendix B · Performance Period continues. · The Performance Period will be prorated and based on the number of days the employee performed services for the respective business unit, group or for Corporate prior to transfer and the Performance Criteria for Corporate after the transfer. · After the Performance Criteria are certified, the number of Shares earned are issued and released on the Release Date. · Service Period continues. · If all requirements met, earned Shares are released on the Release Date. Recipient’s Employer is no longer an Affiliate under the terms of the Plan (this constitutes a termination of employment under the Plan) · Award is forfeited. · Award is forfeited. Employment with an Affiliate terminates for any reason other than death · Award is forfeited. · Award is forfeited. 1 In the case of other leaves of absence not specified above, including any leaves that extend beyond twelve months, Recipients will be deemed to have terminated employment on the date of the leave (so that the Award will be forfeited as of the date the leave begins), unless the Committee identifies a valid business interest in doing otherwise, in which case it may specify what provisions it deems appropriate at its sole discretion; provided that the Committee shall have no obligation to consider any such matters.

Appears in 2 contracts

Samples: Performance Share Agreement (Coca Cola Co), Performance Share Agreement (Coca Cola Co)

AutoNDA by SimpleDocs

Event During the Performance Period During the Service Period. Employment with the Company or a Subsidiary involuntarily terminates for reasons other than for cause within one year after a Change in Control · Award shall be treated as described in the Plan. · Award shall be treated as described in the Plan. US military leave · 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 Unpaid leave of absence pursuant to published Company policy of 12 months or less1 less[1] · 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 Transfer, at Company’s discretion, to an Affiliate that is not a Subsidiary · Performance Period continues. · The Performance Period will be will be prorated and based on the number of days the employee performed services for the respective business unit, group or for Corporate prior to transfer and the Performance Criteria for Corporate after the transfer. · After the Performance Criteria are certified, the number of Shares earned are issued and released on the Release Date. · Service Period continues. · If all requirements met, earned Shares are released on the Release Date. Transfer to a Subsidiary that does not participate in the long term incentive program and for which no Performance Criteria is shown in Appendix B · Performance Period continues. · The Performance Period will be prorated and based on the number of days the employee performed services for the respective business unit, group or for Corporate prior to transfer and the Performance Criteria for Corporate after the transfer. · After the Performance Criteria are certified, the number of Shares earned are issued and released on the Release Date. · Service Period continues. · If all requirements met, earned Shares are released on the Release Date. Recipient’s Employer is no longer an Affiliate under the terms of the Plan (this constitutes a termination of employment under the Plan) · Award is forfeited. · Award is forfeited. Employment with an Affiliate terminates for any reason other than death · Award is forfeited. · Award is forfeited. 1 [1] In the case of other leaves of absence not specified above, including any leaves that extend beyond twelve months, Recipients will be deemed to have terminated employment on the date of the leave (so that the Award will be forfeited as of the date the leave begins), unless the Committee identifies a valid business interest in doing otherwise, in which case it may specify what provisions it deems appropriate at its sole discretion; provided that the Committee shall have no obligation to consider any such matters.

Appears in 1 contract

Samples: Performance Share Agreement (Coca Cola Co)

Event During the Performance Period During the Service Period. Employment with the Company or a Subsidiary involuntarily terminates for reasons other than for cause within one year after a Change in Control · Award shall be treated as described in the Plan. · Award shall be treated as described in the Plan. US military leave · 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 Unpaid leave of absence pursuant to published Company policy of 12 months or less1 less[1] · 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 Transfer, at Recipient moves to another role or position within the Company; Recipient’s discretion, role or position is no longer responsible for [the performance metric underlying the Award]; or Recipient transfers to an Affiliate that is not a Subsidiary · The applicable Performance Period continues. · The applicable Performance Period will be will be prorated and based on the number of days the employee performed services for in the respective business unit, group Recipient’s role or for Corporate prior to transfer and position as of the Performance Criteria for Corporate after the transferAward Date. · After the Performance Criteria are certified, the number of Shares earned are issued and released on the Release Date. · Service Period continues. · If all requirements met, earned Shares are released on the Release Date. Transfer Transfer, at Company’s discretion, to an Affiliate that is not a Subsidiary that does not participate in the long term incentive program and for which no Performance Criteria is shown in Appendix B · The applicable Performance Period continues. · The applicable Performance Period will be will be prorated and based on the number of days the employee performed services for in the respective business unit, group Recipient’s role or for Corporate prior to transfer and position as of the Performance Criteria for Corporate after the transferAward Date. · After the Performance Criteria are certified, the number of Shares earned are issued and released on the Release Date. · Service Period continues. · If all requirements met, earned Shares are released on the Release Date. Recipient’s Employer is no longer an Affiliate under the terms of the Plan (this constitutes a termination of employment under the Plan) · Award is forfeited. · Award is forfeited. Employment with an Affiliate terminates for any reason other than death · Award is forfeited. · Award is forfeited. 1 In the case of other leaves of absence not specified above, including any leaves that extend beyond twelve months, Recipients will be deemed to have terminated employment on the date of the leave (so that the Award will be forfeited as of the date the leave begins), unless the Committee identifies a valid business interest in doing otherwise, in which case it may specify what provisions it deems appropriate at its sole discretion; provided that the Committee shall have no obligation to consider any such matters.

Appears in 1 contract

Samples: Performance Share Agreement (Coca Cola Co)

AutoNDA by SimpleDocs

Event During the Performance Period During the Service Period. Employment with the Company or a Subsidiary involuntarily terminates for reasons other than for cause within one year after a Change in Control · Award shall be treated as described in the Plan. · Award shall be treated as described in the Plan. US military leave · 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 Unpaid leave of absence pursuant to published Company policy of 12 months or less1 · 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 Transfer, at Company’s discretion, to an Affiliate that is not a Subsidiary · Performance Period continues. · The Performance Period will be will be prorated and based on the number of days the employee performed services for the respective business unit, group or for Corporate prior to transfer and the Performance Criteria for Corporate after the transfer. · After the Performance Criteria are certified, the number of Shares earned are issued and released on the Release Date. · Service Period continues. · If all requirements met, earned Shares are released on the Release Date. Transfer Company-Initiated transfer to a Subsidiary that does not participate in another geography; multiple Performance Periods · If the long term incentive program and transfer occurs on or prior to March 30, the Award for which no Performance Criteria is shown in Appendix B · the current Performance Period continuesshall be forfeited. · The If the transfer occurs after March 30, the current Performance Period will be prorated and based on the number of days the employee performed services for the respective business unit, group or for Corporate prior to transfer and the Performance Criteria for Corporate after the transfer. · After the Performance Criteria are certified, the number of Shares earned are issued and released on the Release Date. · Service Period continuesshall continue. · If all requirements met, earned Shares are released on the Release Date. Recipient’s Employer is no longer an Affiliate under the terms of the Plan (this constitutes a termination of employment under the Plan) · Award is forfeited. · Award is forfeited. Employment with an Affiliate terminates for any reason other than death · Award is forfeited. · Award is forfeited. 1 In the case of other leaves of absence not specified above, including any leaves that extend beyond twelve months, Recipients will be deemed to have terminated employment on the date of the leave (so that the Award will be forfeited as of the date the leave begins), unless the Committee identifies a valid business interest in doing otherwise, in which case it may specify what provisions it deems appropriate at its sole discretion; provided that the Committee shall have no obligation to consider any such matters.

Appears in 1 contract

Samples: Performance Share Agreement (Coca Cola Co)

Time is Money Join Law Insider Premium to draft better contracts faster.