Requirement of Employment. Except as provided in Paragraph 1 hereof, the option may not be exercised unless Employee is, at the time of exercise, an employee of the Company or an Affiliate.
Requirement of Employment. The Participant must remain in continuous employment of the Company during the period any Shares are subject to substantial risk of forfeiture. Absent an agreement to the contrary, if Participant’s employment with the Company should terminate for any reason, other than Retirement, all Shares then held by the Company or its transfer agent or other designee, if any, shall be forfeited by the Participant and Participant authorizes the Company and its stock transfer agent to cause delivery, transfer and conveyance of the Shares to the Company.
Requirement of Employment. Your rights to the Actual Value (as that term is defined below) under Section 5, shall be provisional and shall be canceled in whole or in part, as determined by the Committee in its sole discretion if your continuous employment with the Company terminates for any reason other than death or Disability on or before the last day of the Performance Period. Whether and as of what date your employment with the Company shall terminate if you are granted a leave of absence or commence any other break in employment intended by your employer to be temporary, shall be determined by the Committee in its sole discretion. In the event of your death or Disability, you or your estate shall be entitled to receive a pro-rata payment of the Actual Value of the Award based on the ratio of the number of days from the beginning of the Performance Period through the date of your death or Disability and the total number of days in the Performance Period.
Requirement of Employment. Your rights to the Actual Number of Restricted Shares (as that term is defined below) under Section 5, shall be provisional and shall be canceled in whole or in part, as determined by the Committee in its sole discretion if your continuous employment with the Company terminates for any reason other than death or Disability on or before the last day of the Performance Period. Whether and as of what date your employment with the Company shall terminate if you are granted a leave of absence or commence any other break in employment intended by your employer to be temporary, shall be determined by the Committee in its sole discretion. In the event of your death or Disability, you or your estate shall be entitled to receive a pro-rata payment of the Actual Number of Restricted Shares of the Award based on the ratio of the number of days from the beginning of the Performance Period through the date of your death or Disability, and the total number of days in the Performance Period.
Requirement of Employment. Except as otherwise expressly provided by the Employment Agreement, the Plan, or this Agreement or determined by the Committee, upon Participant’s termination of employment (as determined under criteria established by the Committee) for any reason at any time from 8:00 A.M., Dallas, Texas time on the Date of Grant until 5:00 P.M., Dallas, Texas time on December 31, 2010 (the “Restriction Period”), this Agreement shall immediately terminate as to any and all Shares still subject to any restriction(s) set forth in the Plan and/or this Agreement and Participant shall immediately (i) forfeit all right, title, and interest in and to such Shares and (ii) return such forfeited Shares (and any and all certificate(s) representing or evidencing such forfeited Shares) to the Company. Upon any forfeiture, all right, title, and interest of Participant with respect to any and all forfeited Shares shall cease and terminate, without any further obligation on the part of the Company.
Requirement of Employment. To be entitled to receive the benefit of an Award under this Plan, a Participant must remain in the employment of the Company or its Subsidiaries through the end of the applicable Performance Period or further Restriction Period; provided, however, that the Committee may provide for partial or complete exceptions to this requirement (e.g., in the case of retirement, death or disability) as it deems equitable in its sole discretion.
Requirement of Employment. Except as otherwise set forth in an applicable Incentive Unit Agreement, (i) if a Participant’s employment with the Company and its Affiliates is terminated for any reason, all Incentive Units granted to such Participant which remain unvested shall be cancelled and forfeited without consideration, and (ii) if a Participant’s employment is terminated by the Company or an Affiliate for Cause, all Incentive Units granted to such Participant, whether vested or unvested, shall be cancelled and forfeited without consideration. Notwithstanding any provision of the Incentive Plan to the contrary, upon the termination of a Participant’s employment with the Company and its Affiliates, such Participant’s vested Incentive Units may be subject to cancellation and/or repurchase by the Company in the manner and for the consideration provided in such Participant’s Incentive Unit Agreement. The Board may provide for complete or partial exceptions to the requirements of this Article VI.C as it deems appropriate in its sole discretion.
Requirement of Employment. In order to become vested in any or all of the Units, Participant must remain continuously employed with Company through the applicable Vesting Date (as set forth in Section 1.3). Except as otherwise provided in this Award Agreement, or absent a written agreement to the contrary, if Participant’s employment with Company terminates before a Vesting Date, for any reason other than those set forth in Section 1.4, then all unvested Units then held by Participant, if any, shall be forfeited by Participant, and Participant shall have no right to receive Common Stock in respect thereof.
Requirement of Employment. In order to become vested in the Stock Option, Participant must remain continuously employed with Company through the applicable Vesting Date (as set forth in Section 1.4). Except as otherwise provided in this Award Agreement, or absent a written agreement to the contrary, if Participant’s employment with Company terminates before a Vesting Date, for any reason other than those set forth in Section 1.5, then the unvested portion of the Stock Option, if any, shall be forfeited by Participant, and Participant shall have no right to purchase shares of Common Stock related thereto.
Requirement of Employment. Your rights to the Cash Value and the Number of Restricted Shares, if any (as those terms are defined below) under Subparagraph 4(b) hereof, shall be provisional and shall be canceled if your continuous employment with the Company and its Affiliates terminates for any reason on or before the payment date as set forth in Subparagraph 4(b). Whether and as of what date your employment with the Company or any of its Affiliates shall terminate if you are granted a leave of absence or commence any other break in employment intended by the Company to be temporary, shall be determined by the Committee. 3. DETERMINATION OF THE SCHEDULE A VALUE, CASH VALUE AND THE NUMBER OF RESTRICTED SHARES.
(a) Except as otherwise provided below in this Paragraph 3 and in Paragraphs 2 and 5 hereof, there shall be paid to you in accordance with Paragraph 4 hereof, the Schedule A Value (the "Schedule A Value") as of the last day of the Award Period, if any, as provided in Subparagraph 3(b).
(b) SCHEDULE A VALUE.
(i) Except as otherwise provided in this Paragraph 3, the Schedule A Value as of the last day of the Award Period will be equal to the amount, if any, determined by the Committee based on the performance of , pursuant to Schedule A to this Agreement. However, in no event will the Schedule A Value be greater than the maximum value as set forth in Schedule A to this Agreement.
(ii) In the application of Schedule A to this Agreement after the end of the Award Period for purposes of determining the Schedule A Value pursuant to this Subparagraph 3(b), (A) if the is less than the level needed to have some Schedule A Value, there shall be no Schedule A Value, and (B) if the are equal to or greater than those levels needed to have some Schedule A Value and less than or equal to the maximum specified levels and are not represented on the table, the Schedule A Value shall be determined by straight-line interpolation from the amounts specified in such table immediately less than and greater than the amounts actually attained.
(iii) The Committee shall determine in its own discretion what portion of the Schedule A Value, if any (as adjusted in accordance with Subparagraph 3(c) below), shall be payable in cash (the "Cash Value"), and what portion shall be denominated in restricted shares of the Company (the "RSA"), in accordance with Paragraph 4 below. The RSA shall have the terms substantially as set forth in the form of restricted stock award granted generally under the Plan, or its su...
