Expiration or Termination of Employment Sample Clauses

Expiration or Termination of Employment. Except as specifically provided in Section 3(b) and 3(c) hereof, the Option granted hereunder shall terminate as of the close of business on the earliest to occur of the date of (i) expiration of the Exercise Period, (ii) an event of default or breach by the Optionee of the terms and conditions of this Agreement, or (iii) termination of the Optionee’s employment with the Company for cause. If the Optionee’s employment is terminated other than for cause, death (as provided in subsection (b) below), or retirement or disability (both as provided in subsection (c) below), the Optionee must exercise his Option, if at all and to the extent then exercisable, within 30 days from the date of such termination, in accordance with the terms of the Plan and this Agreement.
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Expiration or Termination of Employment. Employment under this Agreement will be terminated upon the earlier to occur of:
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Expiration or Termination of Employment. Except as specifically provided in Section 3(b) and 3(c) hereof, and Section 3.2(b) of the Plan, the Option granted hereunder shall terminate as of the close of business on the earliest to occur of the date of (i) expiration of the Exercise Period, (ii) an event of default or breach by the Optionee of the terms and conditions of this Agreement, or (iii) termination of the Optionee’s employment with the Company for cause. If the Optionee’s employment is terminated other than for cause, death (as provided in subsection (b) below), or retirement or disability (both as provided in subsection (c) below), the Optionee must exercise his Option, if at all and to the extent then exercisable, within 30 days from the date of such termination, in accordance with the terms of the Plan and this Agreement. -------------------------------------------- 1 The Exercise Period for these options shall commence on the Acceleration Date, if earlier. The “Acceleration Date” is 12:01 a.m. on the date of termination of Optionee’s employment with the Company by reason of Optionee’s retirement after reaching the age of 65 years, or by reason of Optionee’s retirement after becoming permanently disabled.
Sample 1
Expiration or Termination of Employment. Except as specifically provided in Sections 5.8.2 and 5 8.3 of the Plan, each Option granted under the Plan, and all rights thereunder, shall terminate as of the close of business on the earlier of the date of the expiration of the term of the Option stated in the Agreement or the expiration of ninety (90) days after the date that the Optionee's employment with the Company, a Parent or a Subsidiary terminates for any reason. For this purpose, the employment relationship of such Optionee shall be deemed as continuing while the Optionee is on military, sick leave or other bona fide leave of absence, such as temporary employment by the government, if the period of such leave does not exceed three (3) months, or, if longer, so long as the right of such Optionee to re-employment by the Company, a Parent or a Subsidiary is guaranteed either by law or by an employment contract.
Sample 1
Expiration or Termination of Employment. Except as --------------------------------------- specifically in Sections 58(b) and 58(c) of the Plan, each Option granted under the Plan, and all rights thereunder, shall terminate as of the close of business on the earlier of the date of the expiration of the term of the Option stated in the Agreement or the expiration of no more than ninety (90) days after the date that the Optionee's employment with the Company, a Parent or a Subsidiary terminates for any reason. For this purpose, the employment relationship of such Optionee shall be deemed as continuing while the Optionee is on military, sick leave or other bona fide leave of absence, such as temporary employment by the government, if the period of such leave does not exceed three (3) months, or, if longer, so long as the right of such Optionee to re-employment by the Company, a Parent or a Subsidiary is guaranteed either by law or by an employment contract. Such Option may be so exercised by the Optionee only to the extent that it was exercisable but not exercised as of the date his termination of employment with the Company, a Parent or a Subsidiary, but in no event may the Option be exercised at any time after the expiration of the term of the Option stated in the Agreement.
Sample 1

Related to Expiration or Termination of Employment

  • Term; Termination of Employment The term of this Agreement (the “Term”) begins on the Effective Date and will end, along with Executive’s employment with the Company, on the earliest to occur of the following events.

  • Other Termination of Employment In the event of your voluntary termination (other than a Retirement subject to Section 2(c) or a Qualifying Termination subject to Section 2(f)), or termination by the Company or a subsidiary of the Company for misconduct or other conduct deemed by the Company to be detrimental to the interests of the Company or a subsidiary of the Company, you shall forfeit all unvested RSUs on the date of termination.

  • Term and Termination of Employment (a) This Agreement shall be effective as of the Effective Date.

  • Termination of Employment for Cause If Optionee’s employment with the Bancorp or a subsidiary corporation is terminated for cause, this option shall expire thirty (30) days from the date of such termination. Termination for cause shall include, but not be limited to, termination for malfeasance or gross misfeasance in the performance of duties or conviction of a crime involving moral turpitude, and, in any event, the determination of the Board of Directors with respect thereto shall be final and conclusive.

  • Compensation Following Termination of Employment In the event that Executive's employment hereunder is terminated, Executive shall be entitled to the following compensation and benefits upon such termination:

  • Termination of Executives Employment Termination of Executive's Employment means that (i) the Company has terminated Executive's employment with the Company (including any subsidiary of the Company) other than for Cause (as defined in Section 5.2), death or Disability (as defined in Section 5.3), or (ii) Executive, by written notice to the Company, has terminated his employment with the Company (including any subsidiary of the Company) for Good Reason (as defined below). For purposes of this Agreement, "Good Reason" means:

  • Compensation Upon Termination of Employment If the Executive’s employment hereunder is terminated, in accordance with the provisions of Article III hereof, and except for any other rights or benefits specifically provided for herein to be effective following the Executive’s period of employment, the Company will provide compensation and benefits to the Executive only as follows:

  • Effect of Termination of Employment The provisions of this Section 6 shall apply in the event of termination of Executive’s employment, pursuant to Section 5, or otherwise.

  • Voluntary Termination of Employment If during the Employment Term, Executive terminates his employment under circumstances other than those specified elsewhere in this Section 8, Executive shall be entitled to the payments and benefits specified in Section 8(a).

  • TERMINATION OF EMPLOYMENT; EFFECT OF TERMINATION (a) The Term of Employment may be terminated by the Company at any time:

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