Common use of Meaning of Termination of Employment Clause in Contracts

Meaning of Termination of Employment. If the Company or a member of the Company Group provides Employee a written notice of termination of employment but the termination of employment is not effective for a period of more than thirty (30) days due to applicable law or contractual arrangements between a member of the Company Group and the Employee, for the purposes of this Award, including without limitation Section 6(a) hereof, the Employee’s employment shall be deemed terminated and the Employee shall be deemed ceased to be employed by the Company Group on the date that is thirty (30) days from the date of such notice instead of the actual date of termination.

Appears in 6 contracts

Samples: Restricted Stock Units Agreement (Xerium Technologies Inc), Option Agreement (Xerium Technologies Inc), Time Based Rsu and Performance Shares Agreement (Xerium Technologies Inc)

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Meaning of Termination of Employment. If the Company or a member of the Company Group provides Employee a written notice of termination of employment but the termination of employment is not effective for a period of more than thirty (30) days due to applicable law or contractual arrangements between a member of the Company Group and the Employee, for the purposes of this Award, including without limitation Section 6(a5(a) hereof, the Employee’s employment shall be deemed terminated and the Employee shall be deemed ceased to be employed by the Company Group on the date that is thirty (30) days from the date of such notice instead of the actual date of termination.

Appears in 2 contracts

Samples: Restricted Stock Units Agreement (Vislink Technologies, Inc.), Restricted Stock Units Agreement (Vislink Technologies, Inc.)

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Meaning of Termination of Employment. If the Company or a member of the Company Group provides Employee a written notice of termination of employment but the termination of employment is not effective for a period of more than thirty (30) days due to applicable law or contractual arrangements between a member of the Company Group and the Employee, for the purposes of this Award, including without limitation Section 6(a4 and Section 7(a) hereof, the Employee’s employment shall be deemed deem terminated and the Employee shall be deemed ceased to be employed by the Company Group on the date that is thirty (30) days from the date of such notice instead of the actual date of termination.

Appears in 2 contracts

Samples: Performance Based Restricted Stock Units Agreement (Xerium Technologies Inc), Restricted Stock Units Agreement (Xerium Technologies Inc)

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