Forfeiture Upon Termination for Cause. If a Participant’s employment by or service with the Company (and its Subsidiaries) is terminated for Cause, both the vested and the non-vested portion of his or her Option shall terminate on the date of such termination of employment or service.
Forfeiture Upon Termination for Cause. Anything in this Agreement to the contrary notwithstanding, if Executive’s employment is terminated for Cause, the annual benefit payable in accordance with Section 1.A. or Section
Forfeiture Upon Termination for Cause. In the event of a Termination of Employment by the Company for Cause (a “Forfeiture Termination”), the Award and all Class C Units, whether vested or unvested as of the Termination Date (and the proportionate amount of Participant’s Capital Account balance attributable to such Class C Units), shall thereupon automatically and without further action be cancelled and forfeited, and Participant shall have no further right or interest in or with respect to such Class C Units (or such proportionate amount of Participant’s Capital Account balance).
Forfeiture Upon Termination for Cause. Anything in this Agreement to the contrary notwithstanding, if the Executive’s employment is “Terminated for “Cause” prior to a “Change in Control”, as such terms are defined in the Employer’s Phantom Stock Plan, the annual benefit payable in accordance with Section 1. A. or Section 1.B. hereof shall be forfeited. If the Executive or his Beneficiary has received any monthly installments of the annual benefit payable in accordance with Section 1. A. or Section 1.B. hereof and it is subsequently determined that the Executive was Terminated for Cause prior to a Change in Control, then the monthly installments previously paid shall be returned by the Executive or his Beneficiary, as the case may be, to the Employer, and no further monthly installments shall be payable under this Agreement. The provisions of this Section 3 shall not apply in the event that the Executive’s employment is Terminated for Cause in connection with a Change in Control, in which case the Executive’s benefit shall be payable as otherwise provided in this Agreement.
Forfeiture Upon Termination for Cause. In the event Executive's employment with the Company Group or any affiliate is terminated for Cause, all benefits payable under the Plan to Executive or his Designated Beneficiary shall be forfeited, and neither Executive nor his Designated Beneficiary shall be entitled to receive, or continue to receive, any benefit under the Plan.
Forfeiture Upon Termination for Cause. Notwithstanding anything else contained in this Agreement, if the Grantee's employment is terminated for Cause, then all Options (whether or
Forfeiture Upon Termination for Cause. If Executive's Employment ------------------------------------- is terminated by the Company for Cause, (i) neither Executive nor his designated Beneficiary shall be entitled to any payment of the Trust Balance under Article III of this Agreement, (ii) the Trust shall terminate, and (iii) the entire Trust Balance shall revert to the Company upon the termination of the Trust.
Forfeiture Upon Termination for Cause. Notwithstanding any provision of this Agreement, the Plan or the Governing Documents to the contrary, in the event of the Participant’s Termination of Employment by the Company or one of its Affiliates for Cause, all vested and unvested Profits Units shall be forfeited on the date of the Participant’s Termination of Employment without consideration. 1 NTD: To be specified in individual award agreements.
Forfeiture Upon Termination for Cause. If Executive’s employment is terminated for Cause, his vested percentage shall be zero, and the benefit otherwise payable under this Plan shall be forfeited. To the extent Executive or his Beneficiary has received any payments under the Plan before it is determined that the Executive is to be terminated for Cause, all amounts previously paid shall be returned by Executive or his Beneficiary, as the case may be, to the Bank.
Forfeiture Upon Termination for Cause. Notwithstanding any provision of this Agreement to the contrary, Employee shall forfeit his entire benefit if his employment with the Company is terminated for Cause.
