Common use of Resignation or Involuntary Termination Clause in Contracts

Resignation or Involuntary Termination. Except as provided below in Section 3(c), if you cease to be an employee on account of your voluntary resignation or your employment being involuntarily terminated by the Company, whether or not constituting a Termination for Cause, all RSUs shall be cancelled as of your Termination Date and you shall no longer have any rights or be eligible to receive any benefits with respect to such cancelled RSUs.

Appears in 3 contracts

Samples: Special Equity Grant Award Agreement (Embarq CORP), Special Equity Grant Award Agreement (Embarq CORP), Award Agreement (Embarq CORP)

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Resignation or Involuntary Termination. Except as provided below in Section Sections 3(c) and (d), if you cease to be an employee on account of your voluntary resignation or your employment being involuntarily terminated by the Company, whether or not constituting a Termination for Cause, all RSUs shall will be cancelled as of your Termination Date and you shall will no longer have any rights or be eligible to receive any benefits with respect to such cancelled RSUs.

Appears in 2 contracts

Samples: Award Agreement (Embarq CORP), Form of Award Agreement (Embarq CORP)

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