Group Termination. If Participant’s employment terminates involuntarily by reason of a group termination (including, but not limited to, terminations resulting from sale of a business or division, outsourcing of an entire function, reduction in workforce or closing of a facility) (a “Group Termination Event”), the number of Shares subject to the RSUs that would have vested within 12 months of termination of Participant’s active employment shall vest as of the date of termination of active employment (such date also being a “Vesting Date”) and all other RSUs and associated Dividend Equivalents shall be forfeited as of the date of termination of active employment, and Participant shall have no right to or interest in such RSUs, the underlying Shares or any associated Dividend Equivalents.
Group Termination. Employees shall be entitled to Group Terminations as outlined in Section 64 of the Employment Standards Act. Any changes, modifications to the Act will also apply.
Group Termination. In the event of a plant closure the Company agrees to comply with the Group termination provisions of the B.C. Employment Standards Act.
Group Termination. (i) If prior to April 1, 2021, Participant’s employment terminates involuntarily by reason of a group termination (including, but not limited to, terminations resulting from sale of a business or division, outsourcing of an entire function, reduction in workforce or closing of a facility) (a “Group Termination Event”), the number of Shares subject to the RSUs that would have vested within 12 months of termination of Participant’s active employment shall continue to vest according to the schedule set forth in Section 1, notwithstanding such termination of employment.
Group Termination. The Group shall have the right to terminate this Agreement immediately upon notice to The Plan in the following circumstances:
