Common use of Executive Alternative Work Arrangement Employment Status Clause in Contracts

Executive Alternative Work Arrangement Employment Status. As part of the Original Agreement, Employee elected to participate in the “Executive Alternative Work Arrangement” program upon Employee’s voluntary discontinuance of full-time status. The Executive Alternative Work Arrangement classification will be automatically assigned to Employee if and when Employee incurs a termination of employment that meets each of the following conditions (an “Eligible Termination”): (a) Employee’s employment is terminated by the Company for any reason other than Cause or Employee gives the Company (delivered to the Vice President and Chief Human Resources Officer) at least 90 days’ advance written notice of Employee’s intention to discontinue employment, (b) Employee is a board-designated executive officer in good standing with EQT Corporation as of the time of his/her termination of employment, and (c) Employee’s employment shall not have been terminated by Employee for Good Reason. The terms and conditions of Employee’s Executive Alternative Work Arrangement, which were set forth in an Executive Alternative Work Arrangement Employment Agreement attached as Exhibit A to the Original Agreement, are being revised and updated currently herewith, and are set forth in the form of Executive Alternative Work Arrangement Employment Agreement attached as Exhibit A to this Agreement. Employee agrees to execute an Executive Alternative Work Arrangement Employment Agreement, in a form substantially similar to the one attached hereto as Exhibit A, within 90 days prior to Employee’s relinquishment of full-time status, which agreement will become effective automatically on the day following Employee’s Eligible Termination. Without limiting the foregoing, Employee agrees that he/she will not be eligible for the Executive Alternative Work Arrangement, including the post-employment benefits described therein if Employee’s termination of employment is not an Eligible Termination.

Appears in 7 contracts

Samples: Transition Agreement and General Release (EQT Midstream Partners, LP), Confidentiality, Non Solicitation and Non Competition Agreement (Equitrans Midstream Corp), Employment Agreement (EQT Corp)

AutoNDA by SimpleDocs

Executive Alternative Work Arrangement Employment Status. As part a board-designated executive officer of the Original AgreementCompany, Employee elected has the opportunity to participate in the Executive Alternative Work Arrangement” program Arrangement upon Employee’s voluntary discontinuance of discontinuing full-time status. The terms and conditions of Executive Alternative Work Arrangement Employment Status are described in the form of Executive Alternative Work Arrangement Employment Agreement attached hereto as Exhibit A. Set forth below the signature lines to this Agreement is an election form regarding participation in the Executive Alternative Work Arrangement. Employee must complete and sign such form indicating whether or not he/she desires to participate in Executive Alternative Work Arrangement Status. Any failure to make an election at the time of execution of this Agreement shall be deemed to be an election not to participate. If Employee elects to participate, the Executive Alternative Work Arrangement classification will be automatically assigned to Employee if and when Employee incurs a termination of employment that meets each of the following conditions (an “Eligible Termination”): (ai) Employee’s employment is terminated by the Company for any reason other than Cause or Employee gives the Company (delivered to the Senior Vice President and Chief President, Human Resources OfficerResources) at least 90 ninety (90) days’ advance written notice of Employee’s intention to discontinue employment, (bii) Employee is a board-designated executive officer in good standing with EQT Corporation as of the time of his/her termination of employment, and (ciii) Employee’s employment shall not have been terminated by Employee for Good Reason. The terms and conditions of Employee’s By electing to participate in the Executive Alternative Work Arrangement, which were set forth in an Executive Alternative Work Arrangement Employment Agreement attached as Exhibit A to the Original Agreement, are being revised and updated currently herewith, and are set forth in the form of Executive Alternative Work Arrangement Employment Agreement attached as Exhibit A to this Agreement. Employee hereby agrees to execute the an Executive Alternative Work Arrangement Employment Agreement, in a form substantially similar to the one attached hereto as Exhibit A, within 90 ninety (90) days prior to Employee’s relinquishment of full-time status, which agreement will become effective automatically on the day following Employee’s Eligible Termination. Without limiting the foregoing, Employee agrees that he/she will not be eligible for the Executive Alternative Work Arrangement, including the post-employment benefits described therein therein, if Employee’s termination of employment is not an Eligible Termination.

Appears in 6 contracts

Samples: Agreement and Release (EQT Corp), Agreement and Release (EQT Corp), Agreement and Release (EQT Corp)

Executive Alternative Work Arrangement Employment Status. As part a board-designated executive officer of the Original AgreementCompany, Employee elected has the opportunity to participate in the Executive Alternative Work Arrangement” program Arrangement upon Employee’s voluntary discontinuance of discontinuing full-time status. The terms and conditions of Executive Alternative Work Arrangement Employment Status are described in the form of Executive Alternative Work Arrangement Employment Agreement attached hereto as Exhibit A. Set forth below the signature lines to this Agreement is an election form regarding participation in the Executive Alternative Work Arrangement. Employee must complete and sign such form indicating whether or not he desires to participate in Executive Alternative Work Arrangement Status. Any failure to make an election at the time of execution of this Agreement shall be deemed to be an election not to participate. If Employee elects to participate, the Executive Alternative Work Arrangement classification will be automatically assigned to Employee if and when Employee incurs a termination of employment that meets each of the following conditions (an “Eligible Termination”): (a) Employee’s employment is terminated by the Company for any reason other than Cause or Employee gives the Company (delivered to the Vice President and Chief Human Resources Officer) at least 90 days’ advance written notice of Employee’s intention to discontinue employment, (b) Employee is a board-designated executive officer in good standing with EQT Corporation as of the time of his/her termination of employment, and (c) Employee’s employment shall not have been terminated by Employee for Good Reason. The terms and conditions of Employee’s By electing to participate in the Executive Alternative Work Arrangement, which were set forth in an Executive Alternative Work Arrangement Employment Agreement attached as Exhibit A to the Original Agreement, are being revised and updated currently herewith, and are set forth in the form of Executive Alternative Work Arrangement Employment Agreement attached as Exhibit A to this Agreement. Employee hereby agrees to execute the an Executive Alternative Work Arrangement Employment Agreement, in a form substantially similar to the one attached hereto as Exhibit A, within 90 days prior to Employee’s relinquishment of full-time status, which agreement will become effective automatically on the day following Employee’s Eligible Termination. Without limiting the foregoing, Employee agrees that he/she will not be eligible for the Executive Alternative Work Arrangement, including the post-employment benefits described therein therein, if Employee’s termination of employment is not an Eligible Termination.

Appears in 5 contracts

Samples: Agreement and Release (EQT Corp), Agreement and Release (EQT Corp), Confidentiality, Non Solicitation and Non Competition Agreement (EQT Corp)

Executive Alternative Work Arrangement Employment Status. As part a board-designated executive officer of the Original AgreementCompany, Employee elected has the opportunity to participate in the Executive Alternative Work Arrangement” program Arrangement upon Employee’s voluntary discontinuance of discontinuing full-time status. The terms and conditions of Executive Alternative Work Arrangement Employment Status are described in the form of Executive Alternative Work Arrangement Employment Agreement attached hereto as Exhibit A. Set forth below the signature lines to this Agreement is an election form regarding participation in the Executive Alternative Work Arrangement. Employee must complete and sign such form indicating whether or not he desires to participate in Executive Alternative Work Arrangement Status. Any failure to make an election at the time of execution of this Agreement shall be deemed to be an election not to participate. If Employee elects to participate, the Executive Alternative Work Arrangement classification will be automatically assigned to Employee if and when Employee incurs a termination of employment that meets each of the following conditions (an "Eligible Termination”): (a) Employee’s employment is terminated by the Company for any reason other than Cause or Employee gives the Company (delivered to the Vice President and Chief Human Resources Officer) at least 90 days’ advance written notice of Employee’s intention to discontinue employment, (b) Employee is a board-designated executive officer in good standing with EQT Corporation as of the time of his/her his termination of employment, and (c) Employee’s employment shall not have been terminated by Employee for Good Reason. The terms and conditions of Employee’s By electing to participate in the Executive Alternative Work Arrangement, which were set forth in an Executive Alternative Work Arrangement Employment Agreement attached as Exhibit A to the Original Agreement, are being revised and updated currently herewith, and are set forth in the form of Executive Alternative Work Arrangement Employment Agreement attached as Exhibit A to this Agreement. Employee hereby agrees to execute an Executive Alternative Work Arrangement Employment Agreement, in a form substantially similar to the one attached hereto as Exhibit A, within 90 days prior to Employee’s relinquishment of full-time status, which agreement will become effective automatically on the day following Employee’s Eligible Termination. Without limiting the foregoing, Employee agrees that he/she he will not be eligible for the Executive Alternative Work Arrangement, including the post-employment benefits described therein therein, if Employee’s termination of employment is not an Eligible Termination.

Appears in 4 contracts

Samples: Release Agreement (EQT Corp), Confidentiality, Non Solicitation and Non Competition Agreement (EQM Midstream Partners, LP), Confidentiality, Non Solicitation and Non Competition Agreement (EQT Corp)

Executive Alternative Work Arrangement Employment Status. As part of the Original Agreement, Employee has elected to participate in the “Executive Alternative Work Arrangement” program upon Employee’s voluntary discontinuance of full-time status. The Executive Alternative Work Arrangement classification will be automatically assigned to Employee if and when Employee incurs a termination of employment that meets each of the following conditions (an “Eligible Termination”): (a) Employee’s employment is terminated by the Company for any reason other than Cause or Employee gives the Company (delivered to the Vice President and Chief Human Resources Officer) at least 90 days’ advance written notice of Employee’s intention to discontinue employment, (b) Employee is a board-designated executive officer in good standing with EQT Corporation as of the time of his/her termination of employment, and (c) Employee’s employment shall not have been terminated by Employee for Good Reason. The terms and conditions of Employee’s Executive Alternative Work Arrangement, which were set forth in an Executive Alternative Work Arrangement Employment Agreement attached as Exhibit A to the Original Agreement, are being revised and updated currently herewith, and are set forth in the form of Executive Alternative Work Arrangement Employment Agreement attached as Exhibit A to this Agreement. A. Employee agrees to execute an Executive Alternative Work Arrangement Employment Agreement, in a form substantially similar to the one attached hereto as Exhibit A, within 90 days prior to Employee’s relinquishment of full-time status, which agreement will become effective automatically on the day following Employee’s Eligible Termination. Without limiting the foregoing, Employee agrees that he/she will not be eligible for the Executive Alternative Work Arrangement, including the post-employment benefits described therein if Employee’s termination of employment is not an Eligible Termination.

Appears in 2 contracts

Samples: Transition Agreement and General Release (EQT Corp), Confidentiality, Non Solicitation and Non Competition Agreement (EQT Corp)

Executive Alternative Work Arrangement Employment Status. As part a board-designated executive officer of the Original AgreementCompany, Employee elected has the opportunity to participate in the Executive Alternative Work Arrangement” program Arrangement upon Employee’s voluntary discontinuance of discontinuing full-time status. The terms and conditions of Executive Alternative Work Arrangement Employment Status are described in the form of Executive Alternative Work Arrangement Employment Agreement attached hereto as Exhibit A. Set forth below the signature lines to this Agreement is an election form regarding participation in the Executive Alternative Work Arrangement. Employee must complete and sign such form indicating whether or not he desires to participate in Executive Alternative Work Arrangement Status. Any failure to make an election at the time of execution of this Agreement shall be deemed to be an election not to participate. If Employee elects to participate, the Executive Alternative Work Arrangement classification will be automatically assigned to Employee if and when Employee incurs a termination of employment that meets each of the following conditions (an "Eligible Termination”): (a) Employee’s employment is terminated by the Company for any reason other than Cause or Employee gives the Company (delivered to the Vice President and Chief Human Resources Officer) at least 90 days’ advance written notice of Employee’s intention to discontinue employment, (b) Employee is a board-designated executive officer in good standing with EQT Corporation as of the time of his/her his termination of employment, and (c) Employee’s employment shall not have been terminated by Employee for Good Reason. The terms and conditions of Employee’s By electing to participate in the Executive Alternative Work Arrangement, which were set forth in an Executive Alternative Work Arrangement Employment Agreement attached as Exhibit A to the Original Agreement, are being revised and updated currently herewith, and are set forth in the form of Executive Alternative Work Arrangement Employment Agreement attached as Exhibit A to this Agreement. Employee hereby agrees to execute an Executive Alternative Work Arrangement Employment Agreement, in a form substantially similar to the one attached hereto as Exhibit A, within 90 days prior to Employee’s relinquishment of full-time status, which agreement will become effective automatically on the day following Employee’s Eligible Termination. Without limiting the foregoing, Employee agrees that he/she he will not be eligible for the Executive Alternative Work Arrangement, including the post-employment benefits described therein therein, if Employee’s termination of employment is not an Eligible Termination. Notwithstanding the foregoing, within 30 days following an Eligible Termination, Employee may provide written notice to the Company of Employee’s election to waive the Executive Alternative Work Arrangement Employment Agreement, in which case (x) the Executive Alternative Work Arrangement Employment Agreement shall be of no force or effect, and neither the Company nor Employee shall have any obligations thereunder, and (y) in consideration for such election, Employee agrees that the restricted period contemplated by the first paragraph of Section 1 shall be extended for a period of three additional months beyond the period specified therein.

Appears in 2 contracts

Samples: Agreement and Release (EQT Corp), Confidentiality, Non Solicitation and Non Competition Agreement (EQT Corp)

Executive Alternative Work Arrangement Employment Status. As part a board-designated executive officer of the Original AgreementCompany, Employee elected has the opportunity to participate in the Executive Alternative Work Arrangement” program Arrangement upon Employee’s voluntary discontinuance of discontinuing full-time status. The terms and conditions of Executive Alternative Work Arrangement Employment Status are described in the form of Executive Alternative Work Arrangement Employment Agreement attached hereto as Exhibit A. Set forth below the signature lines to this Agreement is an election form regarding participation in the Executive Alternative Work Arrangement. Employee must complete and sign such form indicating whether or not he desires to participate in Executive Alternative Work Arrangement Status. Any failure to make an election at the time of execution of this Agreement shall be deemed to be an election not to participate. If Employee elects to participate, the Executive Alternative Work Arrangement classification will be automatically assigned to Employee if and when Employee incurs a termination of employment that meets each of the following conditions (an “Eligible Termination”): (a) Employee’s employment is terminated by the Company for any reason other than Cause or Employee gives the Company (delivered to the Vice President and Chief Human Resources Officer) at least 90 days’ advance written notice of Employee’s intention to discontinue employment, (b) Employee is a board-designated executive officer in good standing with EQT Corporation as of the time of his/her termination of employment, and (c) Employee’s employment shall not have been terminated by Employee for Good Reason. The terms and conditions of Employee’s By electing to participate in the Executive Alternative Work Arrangement, which were set forth in an Executive Alternative Work Arrangement Employment Agreement attached as Exhibit A to the Original Agreement, are being revised and updated currently herewith, and are set forth in the form of Executive Alternative Work Arrangement Employment Agreement attached as Exhibit A to this Agreement. Employee hereby agrees to execute an Executive Alternative Work Arrangement Employment Agreement, in a form substantially similar to the one attached hereto as Exhibit A, within 90 days prior to Employee’s relinquishment of full-time status, which agreement will become effective automatically on the day following Employee’s Eligible Termination. Without limiting the foregoing, Employee agrees that he/she will not be eligible for the Executive Alternative Work Arrangement, including the post-employment benefits described therein therein, if Employee’s termination of employment is not an Eligible Termination.. Notwithstanding the foregoing, within 30 days following an Eligible Termination, Employee may provide written notice to the Company of Employee’s election to waive the Executive Alternative Work Arrangement Employment Agreement, in which case (x) the Executive Alternative Work Arrangement Employment Agreement shall be of no force or effect, and neither the Company nor the Employee shall have any obligations thereunder, and (y) in consideration for such election, Employee agrees that the restricted period contemplated by the first paragraph of Section 1 shall be extended for a period of three additional months beyond the period specified therein. [Signature page follows]

Appears in 2 contracts

Samples: Agreement and Release (EQT Corp), Agreement and Release (EQT Corp)

Executive Alternative Work Arrangement Employment Status. As part of the Original Agreement, Employee elected to participate in the "Executive Alternative Work Arrangement” Arrangement program upon Employee’s 's voluntary discontinuance of full-time status. The Executive Alternative Work Arrangement classification will be automatically assigned to Employee if and when Employee incurs a termination of employment that meets each of the following conditions (an "Eligible Termination"): (a) Employee’s 's employment is terminated by the Company for any reason other than Cause or Employee terminates his/her employment for Good Reason in accordance with this Agreement or Employee gives the Company (delivered to the Vice President and Chief Human Resources Officer) at least 90 days' advance written notice of Employee’s 's intention to discontinue employment, and (b) Employee is a board-designated executive officer an employee in good standing with EQT Corporation as of the time of his/her termination of employment, and (c) Employee’s employment shall not have been terminated by Employee for Good Reason. The terms and conditions of Employee’s 's Executive Alternative Work Arrangement, which were set forth in an Executive Alternative Work Arrangement Employment Agreement attached as Exhibit A to the Original Agreement, are being revised and updated currently herewith, and are set forth in the form of Executive Alternative Work Arrangement Employment Agreement attached as Exhibit A to this Agreement. Employee agrees to execute an Executive Alternative Work Arrangement Employment Agreement, in a form substantially similar to the one attached hereto as Exhibit A, within 90 days prior to Employee’s 's relinquishment of full-time status, which agreement will become effective automatically on the day following Employee’s 's Eligible Termination. Without limiting the foregoing, Employee agrees that he/she will not be eligible for the Executive Alternative Work Arrangement, including the post-employment benefits described therein if Employee’s 's termination of employment is not an Eligible Termination.

Appears in 1 contract

Samples: Transition Agreement and General Release (EQT Midstream Partners, LP)

Executive Alternative Work Arrangement Employment Status. As part of the Original Agreement, Employee elected to participate in the "Executive Alternative Work Arrangement" program upon Employee’s 's voluntary discontinuance of full-time status. The Executive Alternative Work Arrangement classification will be automatically assigned to Employee if and when Employee incurs a termination of employment that meets each of the following conditions (an "Eligible Termination"): (a) Employee’s 's employment is terminated by the Company for any reason other than Cause or Employee gives the Company (delivered to the Vice President and Chief Human Resources Officer) at least 90 days' advance written notice of Employee’s 's intention to discontinue employment, (b) Employee is a board-designated executive officer in good standing with EQT Corporation as of the time of his/her termination of employment, and (c) Employee’s 's employment shall not have been terminated by Employee for Good Reason. The terms and conditions of Employee’s 's Executive Alternative Work Arrangement, which were set forth in an Executive Alternative Work Arrangement Employment Agreement attached as Exhibit A to the Original Agreement, are being revised and updated currently herewith, and are set forth in the form of Executive Alternative Work Arrangement Employment Agreement attached as Exhibit A to this Agreement. Employee agrees to execute an Executive Alternative Work Arrangement Employment Agreement, in a form substantially similar to the one attached hereto as Exhibit A, within 90 days prior to Employee’s 's relinquishment of full-time status, which agreement will become effective automatically on the day following Employee’s 's Eligible Termination. Without limiting the foregoing, Employee agrees that he/she will not be eligible for the Executive Alternative Work Arrangement, including the post-employment benefits described therein if Employee’s 's termination of employment is not an Eligible Termination.

Appears in 1 contract

Samples: Transition Agreement and General Release (Equitrans Midstream Corp)

Executive Alternative Work Arrangement Employment Status. As part a board-designated executive officer of the Original AgreementCompany, Employee elected has the opportunity to participate in the Executive Alternative Work Arrangement” program Arrangement upon Employee’s voluntary discontinuance of discontinuing full-time status. The terms and conditions of Executive Alternative Work Arrangement Employment Status are described in the form of Executive Alternative Work Arrangement Employment Agreement attached hereto as Exhibit A. Set forth below the signature lines to this Agreement is an election form regarding participation in the Executive Alternative Work Arrangement. Employee must complete and sign such form indicating whether or not he desires to participate in Executive Alternative Work Arrangement Status. Any failure to make an election at the time of execution of this Agreement shall be deemed to be an election not to participate. If Employee elects to participate, the Executive Alternative Work Arrangement classification will be automatically assigned to Employee if and when Employee incurs a termination of employment that meets each of the following conditions (an “Eligible Termination”): (a) Employee’s employment is terminated by the Company for any reason other than Cause or Employee gives the Company (delivered to the Vice President and Chief Human Resources Officer) at least 90 days’ advance written notice of Employee’s intention to discontinue employment, (b) Employee is a board-designated executive officer in good standing with EQT Corporation as of the time of his/her his termination of employment, and (c) Employee’s employment shall not have been terminated by Employee for Good Reason. The terms and conditions of Employee’s By electing to participate in the Executive Alternative Work Arrangement, which were set forth in an Executive Alternative Work Arrangement Employment Agreement attached as Exhibit A to the Original Agreement, are being revised and updated currently herewith, and are set forth in the form of Executive Alternative Work Arrangement Employment Agreement attached as Exhibit A to this Agreement. Employee hereby agrees to execute an Executive Alternative Work Arrangement Employment Agreement, in a form substantially similar to the one attached hereto as Exhibit A, within 90 days prior to Employee’s relinquishment of full-time status, which agreement will become effective automatically on the day following Employee’s Eligible Termination. Without limiting the foregoing, Employee agrees that he/she he will not be eligible for the Executive Alternative Work Arrangement, including the post-employment benefits described therein therein, if Employee’s termination of employment is not an Eligible Termination.

Appears in 1 contract

Samples: Confidentiality, Non Solicitation and Non Competition Agreement (Equitrans Midstream Corp)

AutoNDA by SimpleDocs

Executive Alternative Work Arrangement Employment Status. As part a board-designated executive officer of the Original AgreementCompany, Employee elected has the opportunity to participate in the Executive Alternative Work Arrangement” program Arrangement upon Employee’s voluntary discontinuance of discontinuing full-time status. The terms and conditions of Executive Alternative Work Arrangement Employment Status are described in the form of Executive Alternative Work Arrangement Employment Agreement attached hereto as Exhibit A. Set forth below the signature lines to this Agreement is an election form regarding participation in the Executive Alternative Work Arrangement. Employee must complete and sign such form indicating whether or not he desires to participate in Executive Alternative Work Arrangement Status. Any failure to make an election at the time of execution of this Agreement shall be deemed to be an election not to participate. If Employee elects to participate, the Executive Alternative Work Arrangement classification will be automatically assigned to Employee if and when Employee incurs a termination of employment that meets each of the following conditions (an “Eligible Termination”): (a) Employee’s employment is terminated by the Company for any reason other than Cause or Employee gives the Company (delivered to the Vice President and Chief Human Resources Officer) at least 90 days’ advance written notice of Employee’s intention to discontinue employment, (b) Employee is a board-designated executive officer in good standing with EQT Corporation as of the time of his/her termination of employment, and (c) Employee’s employment shall not have been terminated by Employee for Good Reason. The terms and conditions of Employee’s By electing to participate in the Executive Alternative Work Arrangement, which were set forth in an Executive Alternative Work Arrangement Employment Agreement attached as Exhibit A to the Original Agreement, are being revised and updated currently herewith, and are set forth in the form of Executive Alternative Work Arrangement Employment Agreement attached as Exhibit A to this Agreement. Employee hereby agrees to execute an Executive Alternative Work Arrangement Employment Agreement, in a form substantially similar to the one attached hereto as Exhibit A, within 90 days prior to Employee’s relinquishment of full-time status, which agreement will become effective automatically on the day following Employee’s Eligible Termination. Without limiting the foregoing, Employee agrees that he/she will not be eligible for the Executive Alternative Work Arrangement, including the post-employment benefits described therein therein, if Employee’s termination of employment is not an Eligible Termination. Notwithstanding the foregoing, within 30 days following an Eligible Termination, Employee may provide written notice to the Company of Employee’s election to waive the Executive Alternative Work Arrangement Employment Agreement, in which case (x) the Executive Alternative Work Arrangement Employment Agreement shall be of no force or effect, and neither the Company nor the Employee shall have any obligations thereunder, and (y) in consideration for such election, Employee agrees that the restricted period contemplated by the first paragraph of Section 1 shall be extended for a period of three additional months beyond the period specified therein.

Appears in 1 contract

Samples: Agreement and Release (EQT Corp)

Executive Alternative Work Arrangement Employment Status. As part a board-designated executive officer of the Original AgreementCompany, Employee elected has the opportunity to participate in the Executive Alternative Work Arrangement” program Arrangement upon Employee’s voluntary discontinuance of discontinuing full-time status. The terms and conditions of Executive Alternative Work Arrangement Employment Status are described in the form of Executive Alternative Work Arrangement Employment Agreement attached hereto as Exhibit A. Set forth below the signature lines to this Agreement is an election form regarding participation in the Executive Alternative Work Arrangement. Employee must complete and sign such form indicating whether or not he desires to participate in Executive Alternative Work Arrangement Status. Any failure to make an election at the time of execution of this Agreement shall be deemed to be an election not to participate. If Employee elects to participate, the Executive Alternative Work Arrangement classification will be automatically assigned to Employee if and when Employee incurs a termination of employment that meets each of the following conditions (an “Eligible Termination”): (a) Employee’s employment is terminated by the Company for any reason other than Cause or Employee gives the Company (delivered to the Vice President and Chief Human Resources Officer) at least 90 days’ advance written notice of Employee’s intention to discontinue employment, (b) Employee is a board-designated executive officer in good standing with EQT Corporation as of the time of his/her termination of employment, and (c) Employee’s employment shall not have been terminated by Employee for Good Reason. The terms and conditions of Employee’s By electing to participate in the Executive Alternative Work Arrangement, which were set forth in an Executive Alternative Work Arrangement Employment Agreement attached as Exhibit A to the Original Agreement, are being revised and updated currently herewith, and are set forth in the form of Executive Alternative Work Arrangement Employment Agreement attached as Exhibit A to this Agreement. Employee hereby agrees to execute an Executive Alternative Work Arrangement Employment Agreement, in a form substantially similar to the one attached hereto as Exhibit A, within 90 days prior to Employee’s relinquishment of full-time status, which agreement will become effective automatically on the day following Employee’s Eligible Termination. Without limiting the foregoing, Employee agrees that he/she will not be eligible for the Executive Alternative Work Arrangement, including the post-employment benefits described therein therein, if Employee’s termination of employment is not an Eligible Termination. Notwithstanding the foregoing, within 30 days following an Eligible Termination, Employee may provide written notice to the Company of Employee’s election to waive the Executive Alternative Work Arrangement Employment Agreement, in which case (x) the Executive Alternative Work Arrangement Employment Agreement shall be of no force or effect, and neither the Company nor Employee shall have any obligations thereunder, and (y) in consideration for such election, Employee agrees that the restricted period contemplated by the first paragraph of Section 1 shall be extended for a period of three additional months beyond the period specified therein.

Appears in 1 contract

Samples: Confidentiality, Non Solicitation and Non Competition Agreement (EQT Corp)

Executive Alternative Work Arrangement Employment Status. As part a board-designated executive officer of the Original AgreementCompany, Employee elected has the opportunity to participate in the Executive Alternative Work Arrangement” program Arrangement upon Employee’s voluntary discontinuance of discontinuing full-time status. The terms and conditions of Executive Alternative Work Arrangement Employment Status are described in the form of Executive Alternative Work Arrangement Employment Agreement attached hereto as Exhibit A. Set forth below the signature lines to this Agreement is an election form regarding participation in the Executive Alternative Work Arrangement. Employee must complete and sign such form indicating whether or not he desires to participate in Executive Alternative Work Arrangement Status. Any failure to make an election at the time of execution of this Agreement shall be deemed to be an election not to participate. If Employee elects to participate, the Executive Alternative Work Arrangement classification will be automatically assigned to Employee if and when Employee incurs a termination of employment that meets each of the 6 following conditions (an “Eligible Termination”): ): (a) Employee’s employment is terminated by the Company for any reason other than Cause or Employee gives the Company (delivered to the Vice President and Chief Human Resources Officer) at least 90 days’ advance written notice of Employee’s intention to discontinue employment, (b) Employee is a board-designated executive officer in good standing with EQT Corporation as of the time of his/her termination of employment, and (c) Employee’s employment shall not have been terminated by Employee for Good Reason. The terms and conditions of Employee’s By electing to participate in the Executive Alternative Work Arrangement, which were set forth in an Executive Alternative Work Arrangement Employment Agreement attached as Exhibit A to the Original Agreement, are being revised and updated currently herewith, and are set forth in the form of Executive Alternative Work Arrangement Employment Agreement attached as Exhibit A to this Agreement. Employee hereby agrees to execute the an Executive Alternative Work Arrangement Employment Agreement, in a form substantially similar to the one attached hereto as Exhibit A, within 90 days prior to Employee’s relinquishment of full-time status, which agreement will become effective automatically on the day following Employee’s Eligible Termination. Without limiting the foregoing, Employee agrees that he/she will not be eligible for the Executive Alternative Work Arrangement, including the post-employment benefits described therein therein, if Employee’s termination of employment is not an Eligible Termination.

Appears in 1 contract

Samples: Confidentiality, Non Solicitation and Non Competition Agreement

Executive Alternative Work Arrangement Employment Status. As part of the Original Agreement, Employee has elected to participate in the “Executive Alternative Work Arrangement” program upon Employee’s voluntary discontinuance of full-time status. The Executive Alternative Work Arrangement classification will be automatically assigned to Employee if and when Employee incurs a termination of employment that meets each of the following conditions (an “Eligible Termination”): (a) Employee’s employment is terminated by the Company for any reason other than Cause or Employee gives the Company at least 90 days’ advance written notice (delivered to the Vice President and Chief Human Resources Officer) at least 90 days’ advance written notice of Employee’s intention to discontinue employment, and (b) Employee is a board-designated executive officer in good standing with EQT Corporation as of the time of his/her termination of employment, and (c) Employee’s employment shall not have been terminated by Employee for Good Reason. The terms and conditions of Employee’s Executive Alternative Work Arrangement, which were set forth in an Executive Alternative Work Arrangement Employment Agreement attached as Exhibit A to the Original Agreement, are being revised and updated currently herewith, and are set forth in the form of Executive Alternative Work Arrangement Employment Agreement attached as Exhibit A to this Agreement. A. Employee agrees to execute an Executive Alternative Work Arrangement Employment Agreement, in a form substantially similar to the one attached hereto as Exhibit A, within 90 days prior to Employee’s relinquishment of full-time status, which agreement will become effective automatically on the day following Employee’s Eligible Termination. Without limiting the foregoing, Employee agrees that he/she will not be eligible for the Executive Alternative Work Arrangement, including the post-employment benefits described therein if Employee’s termination of employment is not an Eligible Termination.

Appears in 1 contract

Samples: Transition Agreement and General Release (EQT Midstream Partners, LP)

Executive Alternative Work Arrangement Employment Status. As part a board-designated executive officer of the Original AgreementCompany, Employee elected has the opportunity to participate in the Executive Alternative Work Arrangement” program Arrangement upon Employee’s voluntary discontinuance of discontinuing full-time status. The terms and conditions of Executive Alternative Work Arrangement Employment Status are described in the form of Executive Alternative Work Arrangement Employment Agreement attached hereto as Exhibit A. Set forth below the signature lines to this Agreement is an election form regarding participation in the Executive Alternative Work Arrangement. Employee must complete and sign such form indicating whether or not he desires to participate in Executive Alternative Work Arrangement Status. Any failure to make an election at the time of execution of this Agreement shall be deemed to be an election not to participate. If Employee elects to participate, the Executive Alternative Work Arrangement classification will be automatically assigned to Employee if and when Employee incurs a termination of employment that meets each of the following conditions (an "Eligible Termination”): ): (a) Employee’s employment is terminated by the Company for any reason other than Cause or Employee gives the Company (delivered to the Vice President and Chief Human Resources Officer) at least 90 days’ advance written notice of Employee’s intention to discontinue employment, (b) Employee is a board-designated executive officer in good standing with EQT Corporation as of the time of his/her his termination of employment, and (c) Employee’s employment shall not have been terminated by Employee for Good Reason. The terms and conditions of Employee’s By electing to participate in the Executive Alternative Work Arrangement, which were set forth in an Executive Alternative Work Arrangement Employment Agreement attached as Exhibit A to the Original Agreement, are being revised and updated currently herewith, and are set forth in the form of Executive Alternative Work Arrangement Employment Agreement attached as Exhibit A to this Agreement. Employee hereby agrees to execute an Executive Alternative Work Arrangement Employment Agreement, in a form substantially similar to the one attached hereto as Exhibit A, within 90 days prior to Employee’s relinquishment of full-time status, which agreement will become effective automatically on the day following Employee’s Eligible Termination. Without limiting the foregoing, Employee agrees that he/she he will not be eligible for the Executive Alternative Work Arrangement, including the post-employment benefits described therein therein, if Employee’s termination of employment is not an Eligible Termination.

Appears in 1 contract

Samples: Release Agreement

Executive Alternative Work Arrangement Employment Status. As part of the Original Agreement, Employee elected to participate in the “Executive Alternative Work Arrangement” program upon Employee’s voluntary discontinuance of full-time status. The Executive Alternative Work Arrangement classification will be automatically assigned to Employee if and when Employee incurs a termination of employment that meets each of the following conditions (an “Eligible Termination”): (a) Employee’s employment is terminated by the Company for any reason other than Cause or Employee gives the Company (delivered to the Vice President and Chief Human Resources Officer) at least 90 days’ advance written notice of Employee’s intention to discontinue employment, and (b) Employee is a board-designated executive officer in good standing with EQT Corporation as of the time of his/her termination of employment, and (c) Employee’s employment shall not have been terminated by Employee for Good Reason. The terms and conditions of Employee’s Executive Alternative Work Arrangement, which were set forth in an Executive Alternative Work Arrangement Employment Agreement attached as Exhibit A to the Original Agreement and were revised and updated by the Non-Compete Agreement, are again being revised and updated currently herewithby the Employment Agreement between the Company and the Employee (the “Employment Agreement”), and are set forth in the form of a Revised Executive Alternative Work Arrangement Employment Agreement attached as Exhibit A B to this the Employment Agreement. Employee agrees and the Company agree to execute an a Revised Executive Alternative Work Arrangement Employment Agreement, in a form substantially similar to the one attached hereto to the Employment Agreement as Exhibit AB, within 90 days prior to Employee’s relinquishment of full-time status, which agreement will become effective automatically on the day following Employee’s Eligible Termination. Without limiting the foregoing, Employee agrees that he/she will not be eligible for the Executive Alternative Work Arrangement, including the post-employment benefits described therein therein, if Employee’s termination of employment is not an Eligible Termination.

Appears in 1 contract

Samples: Employment Agreement (EQT Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!