Requirement of Continued Employment Sample Clauses

Requirement of Continued Employment. Except as may otherwise be determined by Committee under the terms of the Plan, no Performance Shares will be delivered to you unless you have been at all times from the date of grant to and including the date of vesting an employee of the Company or one of its subsidiaries.
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Requirement of Continued Employment. (a) Your right to Granted Shares in exchange for any unvested Restricted Stock Units covered by this agreement will immediately terminate and your unvested Restricted Stock Units will be automatically forfeited without further notice on the date that your employment with the Company or a Subsidiary terminates, unless your termination is a result of one of the reasons described in Section 3. (b) Your employment will not be considered to have terminated, and you will not forfeit your unvested Restricted Stock Units, if your employment is transferred from the Company to any of its Subsidiaries, between Subsidiaries or from a Subsidiary to the Company.
Sample 1
Requirement of Continued Employment. In addition to satisfaction of the total shareholder return requirement, except as provided in the attached Terms upon separation of service due to death, Disability, Retirement or a Change in Control of the Company, you must be continuously employed by the Company during the TSR Measurement Period in order for the Restricted Stock Units to vest.
Sample 1
Requirement of Continued Employment. Subject to Sections 4 and 5, (a) the Employee shall be entitled to receive payment of the first 50% of his or her Retention Bonus only if he or she remains actively employed by the Company or an Affiliate through the Closing Date and (b) the Employee shall be entitled to receive payment of the second 50% of his or her Retention Bonus only if he or she remains actively employed by the Company or an Affiliate through the first anniversary of the Closing Date.
Sample 1
Requirement of Continued Employment. In addition to satisfaction of the [Fair Market Value Requirement] [ Other Performance Goal], you must be continuously employed by the Company through each Vesting Date in the above schedule in order for the Restricted Stock Units to vest. Separation of service due to Retirement will result in forfeiture of any unvested Restricted Stock Units. If the Participant’s separation of service is due to death or Disability, the Company will grant the Participant an additional 6 months of service from the date of the event (adjusted service date) for purposes of vesting the Restricted Stock Units. Restricted Stock Units that have not vested prior to or at the adjusted service date due to death or Disability will be forfeited.
Sample 1
Requirement of Continued Employment. The Participant must remain in continuous Employment through the Initial Vesting Date in order to be eligible to earn any PSUs and receive payment in respect thereto in accordance with Section 4 of the Agreement. Upon a termination of Employment prior to the Initial Vesting Date, the PSUs will terminate without any consideration due or payable to the Participant. Any PSUs that are not earned as of the end of the Performance Period shall be forfeited without any consideration due or payable to the Participant. Notwithstanding anything to the contrary contained in any employment or other agreement between the Participant and the Company or any of its affiliates, except as expressly provided for herein, if the Participant’s Employment is terminated for any reason following the Initial Vesting Date, any then-unvested Earned PSUs will terminate without any consideration due or payable to the Participant.
Sample 1

Related to Requirement of Continued Employment

  • Continued Employment The Option granted hereunder shall confer no right on Optionee to continue in the employ of the Company or any Subsidiary, or limit in any respect the right of the Company or any Subsidiary (in the absence of a specific agreement to the contrary) to terminate Optionee's employment at any time.

  • No Right of Continued Employment I acknowledge and agree that nothing contained herein shall be construed as granting me any right to continued employment by the Company, and the right of the Company to terminate my employment at any time and for any reason, with or without cause, is specifically reserved.

  • NO EXPECTATION OF CONTINUED EMPLOYMENT BEYOND TERM OF CONTRACT Neither this contract nor any Board Policy, rule or evaluation procedure shall confer upon the Employee continued employment beyond the term provided in this contract.

  • Employment Condition The Participant must be employed by the Employer on the last day of the Plan Year, irrespective of whether he satisfies any Hours of Service condition under Option (d), with the following exceptions: (Choose (1) or at least one of (2) through (5))

  • RIGHT TO CONTINUED EMPLOYMENT Nothing in the Plan or this Agreement shall confer on you any right to continue in the employ of the Company or any subsidiary or affiliate of the Company or any specific position or level of employment with the Company or any subsidiary or affiliate of the Company or affect in any way the right of the Employer to terminate your employment without prior notice at any time for any reason or no reason.

  • No Rights to Continued Employment Neither this Letter Agreement nor any of the rights or benefits evidenced hereby shall confer upon you any right to continuance of employment by the Company or interfere in any way with the right of the Company to terminate your employment, subject to the provisions of Section 4 above, for any reason, with or without Cause.

  • Continuing Employment (a) Continuing employment means full-time or fractional-time employment that does not have a fixed end date or a contingency upon which the employment contract will come to an end. (b) All employment other than fixed-term employment and casual employment will be continuing employment. (c) Notwithstanding subclause 16.0(b) above, the University may employ a person in Continuing (Contingent Funded Research) employment on a full-time or fractional-time basis in accordance with the terms of this Agreement.

  • Continued Employee Benefits If Executive elects continuation coverage pursuant to COBRA within the time period prescribed pursuant to COBRA for Executive and Executive’s eligible dependents, the Company will reimburse Executive for the premiums necessary to continue group health insurance benefits for Executive and Executive’s eligible dependents until the earlier of (A) a period of twelve (12) months from the date of Executive’s termination of employment, (B) the date upon which Executive and/or Executive’s eligible dependents becomes covered under similar plans or (C) the date upon which Executive ceases to be eligible for coverage under COBRA (such reimbursements, the “COC COBRA Premiums”). However, if the Company determines in its sole discretion that it cannot pay the COC COBRA Premiums without potentially violating applicable law (including, without limitation, Section 2716 of the Public Health Service Act), the Company will in lieu thereof provide to Executive a taxable monthly payment in an amount equal to the monthly COBRA premium that Executive would be required to pay to continue Executive’s group health coverage in effect on the date of Executive’s termination of employment (which amount will be based on the premium for the first month of COBRA coverage), which payments will be made regardless of whether Executive elects COBRA continuation coverage and will commence on the month following Executive’s termination of employment and will end on the earlier of (x) the date upon which Executive obtains other employment or (y) the date the Company has paid an amount equal to twelve (12) payments. For the avoidance of doubt, the taxable payments in lieu of COBRA Premiums may be used for any purpose, including, but not limited to continuation coverage under COBRA, and will be subject to all applicable tax withholdings. Notwithstanding anything to the contrary under this Agreement, if at any time the Company determines in its sole discretion that it cannot provide the payments contemplated by the preceding sentence without violating applicable law (including, without limitation, Section 2716 of the Public Health Service Act), Executive will not receive such payment or any further reimbursements for COBRA premiums.

  • Employee Termination A) Regular employees other than those serving a probationary period, shall give twenty-eight (28) calendar days written notice of termination to a representative designated by the Employer with the authority to accept such written notice. B) In addition to the twenty-eight (28) calendar day notice, regular employees in positions above the level of general staff nurse shall inform the Employer of their intention to terminate as soon in advance as possible. C) The period of notice as set forth in (A) above must be for time scheduled to be worked and must not include accrued vacation, unless such vacation has been previously scheduled and approved in accordance with Article 45.03 -

  • Award Confers No Rights to Continued Employment In no event shall the granting of the Award or its acceptance by the Employee give or be deemed to give the Employee any right to continued employment by the Company or any Affiliate of the Company.

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