Involuntary Termination of Service. If the Participant’s Service is involuntarily terminated by the Company, as the direct result of a divestiture or otherwise, in each case without Cause, then any unvested Restricted Shares shall become fully vested upon such termination of Service.
Involuntary Termination of Service. The following provision supplements paragraph 5 of Appendix A: For purposes of these Restricted Stock Units, the Employee’s status as a Service Provider is interrupted (regardless of the reason for such termination and whether or not later found to be invalid or in breach of local labor laws or the terms of the Employee’s employment or service agreement, if any) effective as of the date that is the earlier of (1) the date on which the Employee’s status as a Service Provider is terminated; or (2) the date the Employee receives written notice of termination of his or her status as a Service Provider; or (3) the date the Employee is no longer actively providing services, regardless of any notice period or period of pay in lieu of such notice required under local law (including, but not limited to, statutory law, regulatory law and/or common law). The Administrator shall have the exclusive discretion to determine when the Employee is no longer actively providing services for purposes of the Restricted Stock Units (including whether the Employee may still be considered to be actively rendering services while on leave of absence).
Involuntary Termination of Service. Notwithstanding Section 2(a) hereof, provided that the Participant timely executes (and does not revoke) the Release (as such term is defined in that certain employment agreement by and between the Participant and the Company, dated as of September 19, 2019 (the “Employment Agreement”)) and continues to abide by each of the Participant’s commitments set forth in Sections 8, 9 and 10 of the Employment Agreement, then in the event, prior to the final Vesting Date, of:
(i) both (x) the termination of the Participant’s employment by the Company without Cause (as such term is defined in the Employment Agreement) and (y) the Participant’s cessation of service as a member of the Board because of the Company’s failure to nominate the Participant for election to the Board by the Company’s shareholders, then 100% of any then unvested RSUs (and any Dividend Equivalents) granted hereunder shall immediately become fully vested and non-forfeitable on the later to occur of the foregoing clauses (x) and (y); and
(ii) the Participant’s resignation from employment with the Company for Good Reason (as such term is defined in the Employment Agreement) on or before the first anniversary of the effective date of the Employment Agreement, then 100% of any then unvested RSUs (and any Dividend Equivalents) granted hereunder shall immediately become fully vested and non-forfeitable on the Termination Date. For the avoidance of doubt, in the event the Participant resigns for Good Reason following the first anniversary of the effective date of the Employment Agreement, the preceding sentence shall be of no force or effect, and the treatment of the Award in connection with such termination of the Participant’s service shall be determined in accordance with Section 2(e) hereof. For purposes of this Agreement, the “Termination Date” shall be the date the Participant’s employment or service with the Company, as applicable, terminates for any reason entitling the Participant to accelerated vesting pursuant to Sections 2(c) or 2(d).
Involuntary Termination of Service. If the Participant’s Service is involuntarily terminated by the Company, as the direct result of a divestiture or otherwise, in each case without Cause, then any unvested RSUs shall become fully vested upon such termination of Service.
Involuntary Termination of Service. A portion of this Restricted Stock Unit Award shall vest immediately in the event of the Participant’s Involuntary Termination of Service, including for Good Reason. The portion of the Restricted Stock Unit Award that vests upon an Involuntary Termination of Service shall equal the number of unvested Restricted Stock Units multiplied by a fraction, where the numerator equals the whole number of months that have elapsed since the last vesting date and the denominator equals the number of whole months from the last vesting date to the end of the 36 month vesting period.
Involuntary Termination of Service. In the event of Optionee's involuntary termination of continuous Service without Cause and for reasons other than Death or Retirement, any unvested Option scheduled to vest within 18 months of Optionee's termination date shall become vested as of the date of Optionee's involuntary termination of continuous Service without Cause. The vested portion of the Option will expire 90 days following Optionee's termination of continuous Service without Cause and for reasons other than Death or Retirement.
Involuntary Termination of Service. If the Participant’s Service is involuntarily terminated by the Company without Cause or terminated by the Company without Cause as the result of a divestiture, then any Restricted Shares scheduled to vest on the first vesting date next following such termination of Service shall instead become fully vested upon such termination of Service.
Involuntary Termination of Service. We reserve the right to suspend or discontinue the Service generally, or to terminate your Service, at any time in our sole and absolute discretion. If we discontinue the Service generally, or terminate your Service without a stated reason, you will only be responsible for charges accrued through the date of termination. If your Service is terminated due to breach of any provision of this Agreement, you will be responsible for all charges/fees to the end of the current billing cycle, including, without limitation, unbilled charges, all of which will immediately become due and payable.
Involuntary Termination of Service. If Grantee’s continuous service to the Company as a Nonemployee Director terminates for any reason other than Cause (and Section 2(c) does not apply), then a number of Common Shares covered by this Agreement (and any Deferred Cash Dividends then accumulated with respect to such number of Common Shares) shall immediately become nonforfeitable with respect to the Grantee, with such number being equal to the product of (i) the number of Common Shares that would have become nonforfeitable in accordance with the terms and conditions of Section 1(a) if Grantee had remained in continuous service to the Company as a Nonemployee Director from the Date of Grant until the first anniversary of the Date of Grant, multiplied by (ii) a fraction (in no case greater than 1) the numerator of which is the number of whole months from the Date of Grant through the date of such termination of service and the denominator of which is 12.
Involuntary Termination of Service. If there is an involuntary Termination of Service for any reason, excluding termination for Cause, or death, or termination following a Change in Control, no further Contribution(s) to the Retirement Income Trust Fund shall be required of the Bank, and if not yet made, no contribution shall be required for the Plan Year in which such termination occurs.
