RIGHTS IN THE EVENT OF TERMINATION OF EMPLOYMENT Sample Clauses

RIGHTS IN THE EVENT OF TERMINATION OF EMPLOYMENT. If Optionee's employment with the Company or any Affiliate is terminated involuntarily for "Cause" the Optionee's Option shall expire as of the date of termination of employment. "Cause" under this Agreement shall mean (i) material misconduct by the Optionee, (ii) any act by the Optionee that is materially adverse to the Company or any Affiliate, or (iii) breach by the Optionee of any employment or confidentiality or nondisclosure agreement with the Company or any Affiliate. "Cause" also shall have the meaning given to that term, or any similar term, under any employment agreement with the Company or any Affiliate. If the Optionee's employment is terminated for any reason other than death, disability, or as described in the preceding sentences of this Section, the Optionee (or the Optionee's estate, if the Optionee dies after the termination) may exercise the Option, to the extent exercisable before the termination, within three months after the termination, but in no event after the expiration of the term of the Option as provided in Section 2(b).
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RIGHTS IN THE EVENT OF TERMINATION OF EMPLOYMENT. If Grantee's employment with the Company or any Affiliate is terminated involuntarily for "CAUSE" the Grantee's Option shall expire as of the date of termination of employment. "Cause" under this Agreement shall mean (i) material misconduct by the Grantee, (ii) any act by the Grantee that is materially adverse to the Company or any Affiliate, or (iii) breach by the Grantee of any employment or confidentiality or nondisclosure agreement with the Company or any Affiliate. "Cause" also shall have the meaning given to that term, or any similar term, under any employment agreement with the Company or any Affiliate. If the Grantee's employment is terminated for any reason other than death, disability, or as described in the preceding sentences of this Section, the Grantee (or the Grantee's estate, if the Grantee dies after the termination) may exercise the Option, to the extent exercisable before the termination, within three months after the termination, but in no event after the expiration of the term of the Option.
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RIGHTS IN THE EVENT OF TERMINATION OF EMPLOYMENT. If Grantee's employment with the Company or any Affiliate is terminated involuntarily for "Cause" the Grantee's Option shall expire as of the date of termination of employment. "Cause" under this Agreement shall mean (i) material misconduct by the Grantee, (ii) any act by the Grantee that is materially adverse to the Company or any Affiliate, or (iii) breach by the Grantee of any employment or confidentiality or nondisclosure agreement with the Company or any Affiliate.
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RIGHTS IN THE EVENT OF TERMINATION OF EMPLOYMENT. If Grantee's employment with the Company and any Affiliate is terminated for any other reason (other than Retirement) the Grantee's Option, whether or not exercisable on the date of termination, shall expire as of the date of termination of employment. If Grantee's employment with the Company and any Affiliate is terminated as a result of the Grantee's Retirement (as such term is defined in the Plan), the Option shall expire within three (3) months from the date of termination due to such Retirement.
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RIGHTS IN THE EVENT OF TERMINATION OF EMPLOYMENT. If Grantee's employment with the Company or any Affiliate is terminated involuntarily for "CAUSE" the Grantee's Option shall expire as of the date of termination of employment. "Cause" under this Agreement shall mean (i) if Grantee has persistently and wilfully failed to devote substantially all of his working time to the operations of the Company, after specific notice to Grantee of such alleged failure and a 20 day opportunity to cure, (ii) if Grantee has been convicted of (whether or not subject to appeal) or plead "nolo contendere" or has made any similar plea to any criminal offense involving a violation of federal or state securities laws or regulations, embezzlement, fraud, wrongful taking or misappropriation of property, theft, or any other crime involving dishonesty, (iii) if Grantee has violated or materially breached any material provision of his Employment Agreement with the Company, after specific notice to Grantee of such alleged violation or breach and a 20 day opportunity to cure, (iv) if Grantee takes any action which directly or indirectly causes the Company or any of its subsidiaries to have any license, permit or other authorization necessary for the operations of its business (a "License") to be suspended or revoked, (v) if the Company receives any notice from any governmental or other agency which regulates the operations of the Company or its subsidiaries which indicates that Grantee's employment with the Company could have an adverse effect on the ability of the Company or its subsidiaries to retain or obtain any License or to otherwise conduct its operations in the manner then conducted, or (vi) failure of Grantee to comply with the terms of the business plan to be annexed hereto as Exhibit A. If the Grantee's employment is terminated for any reason other than death, disability, or as described in the preceding sentences of this Section, the Grantee (or the Grantee's estate, if the Grantee dies after the termination) may exercise the Option, to the extent exercisable before the termination, within three months after the termination, but in no event after the expiration of the term of the Option.
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RIGHTS IN THE EVENT OF TERMINATION OF EMPLOYMENT. If Grantee's employment with the Company or any Affiliate is terminated involuntarily for "GOOD CAUSE" (as such term is defined in the Employment Agreement) or if Grantee should resign without "GOOD REASON" (as such term is defined in the Employment Agreement), the Grantee's Option shall expire as of the date of termination of employment. If the Grantee's employment is terminated (i) by the Company without Good Cause, or (ii) by the Grantee for Good Reason, then all of the Grantee's Options shall be immediately vested and exercisable and shall remain exercisable until the Expiration Date. If the Grantee's employment is terminated for any reason other than death, disability, or as described in the preceding sentences of this Section, the Grantee (or the Grantee's estate, if the Grantee dies after the termination) may exercise the Option, to the extent exercisable before the termination, within ninety days after the termination, but in no event after the expiration of the term of the Option.
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RIGHTS IN THE EVENT OF TERMINATION OF EMPLOYMENT. If Grantee's employment with the Company or any Affiliate is terminated involuntarily for "Good Cause" (as such term is defined in the Employment Agreement) the Grantee's Option shall expire as of the date of termination of employment. If the Grantee's employment is terminated pursuant to the provisions of Section 9(b) of the Employment Agreement, then all of the Grantee's Options shall be immediately vested and exercisable and shall remain exercisable until the later of the Expiration Date or one year from the date of termination of employment. If the Grantee's employment is terminated for any reason other than death, disability, or as described in the preceding sentences of this Section, the Grantee (or the Grantee's estate, if the Grantee dies after the termination) may exercise the Option, to the extent exercisable before the termination, within ninety days after the termination, but in no event after the expiration of the term of the Option.
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Related to RIGHTS IN THE EVENT OF TERMINATION OF EMPLOYMENT

  • Rights in Event of Termination of Employment Absent Change in Control (a) In the event that Executive's employment is involuntarily terminated by HMS without Cause and no Change in Control shall have occurred as of the date of such termination, upon execution of a mutual release, HMS will provide Executive with the following pay and benefits: (i) a payment in an amount equal to the greater of: that portion of the Executive’s Agreed Compensation for the then existing Employment Period that has not been paid to Executive as of the date his employment terminates, or 1.0 times the Executive’s Agreed Compensation. Such amount shall be payable in twelve (12) equal monthly installments; and (ii) subject to plan terms, Executive’s continued participation in HMS's employee benefit plans for twelve (12) months or until Executive secures substantially similar benefits through other employment, whichever shall first occur. If Executive is no longer eligible to participate in an employee benefit plan because he is no longer an employee, HMS will pay Executive the amount of money that it would have cost HMS to provide the benefits to Executive. However, in the payments described herein, when added to all other amounts or benefits provided to or on behalf of the Executive in connection with his termination of employment, would result in the imposition of an excise tax under Code Section 4999, such payments shall be retroactively (if necessary) reduced to the extent necessary to avoid such imposition. Upon written notice to Executive, together with calculations of HMS's independent auditors, Executive shall remit to HMS the amount of the reduction plus such interest as may be necessary to avoid the imposition of such excise tax. Notwithstanding the foregoing or any other provision of this Agreement to the contrary, if any portion of the amount herein payable to the Executive is determined to be non-deductible pursuant to the regulations promulgated under Section 280G of the Code, then HMS shall be required only to pay to Executive the amount determined to be deductible under Section 280G.

  • Effect of Termination of Employment The provisions of this Section 6 shall apply in the event of termination of Executive’s employment, pursuant to Section 5, or otherwise.

  • TERMINATION OF EMPLOYMENT; EFFECT OF TERMINATION (a) The Term of Employment may be terminated by the Company at any time:

  • Term; Termination of Employment The term of this Agreement (the “Term”) begins on the Effective Date and will end, along with Executive’s employment with the Company, on the earliest to occur of the following events.

  • Compensation Following Termination of Employment In the event that Executive's employment hereunder is terminated, Executive shall be entitled to the following compensation and benefits upon such termination:

  • Notice of Termination of Employment Except where local law prohibits enforcement or you resign for Good Reason under the terms of the Plan, you agree that if you voluntarily resign you will give at least six months’ written notice to the Company of your voluntary Termination, which may be working notice or non-working notice at the Company’s sole discretion and which notice period is waivable by the Company at the Company’s sole discretion. This notice period provision supersedes any conflicting notice period provision contained in the award agreements governing your prior long-term incentive awards awarded under the Plan. [SECTION 6 TO BE INSERTED AT DISCRETION OF THE COMMITTEE OR ITS DELEGATE]

  • OBLIGATIONS SURVIVE TERMINATION OF EMPLOYMENT Executive agrees that any and all of Executive’s obligations under this Agreement, including but not limited to Exhibits B and C, shall survive the termination of employment and the termination of this Agreement.

  • Other Termination of Employment In the event of your voluntary termination (other than a Retirement subject to Section 2(c) or a Qualifying Termination subject to Section 2(f)), or termination by the Company or a subsidiary of the Company for misconduct or other conduct deemed by the Company to be detrimental to the interests of the Company or a subsidiary of the Company, you shall forfeit all unvested RSUs on the date of termination.

  • Effect of Termination of Employment or Death If the Employee goes on leave of absence for a period of greater than twelve months (except a leave of absence approved by the Board of Directors or the Committee) or ceases to be an employee of the Company or a Subsidiary for any reason except death, the portion of the SAR which is unexercisable on the date on which the Employee ceased to be an Employee or has been on a leave of absence for over twelve months (except a leave of absence approved by the Board or Committee) shall expire on such date and any unexercised portion of the SARs which was otherwise exercisable on such date shall expire at the earlier of (i) the expiration of this SAR in accordance with the term for which the SAR was granted, or (ii) three months (one year in the case of termination by reason of Disability of the Employee under the terms of the Plan) from such date, except in the case of an Employee who is an "Approved Retiree" as defined below. If Employee is an Approved Retiree, then the SAR shall expire at the sooner to occur of (i) the expiration of such SAR in accordance with its original term, (ii) the expiration of five years from the date of retirement, or (iii) with respect to SARs granted less than one year before the date the Approved Retiree retires, such retirement date, except not with respect that portion of the SARs equal to the number of such shares multiplied by the ratio of (a) the number of days between the Grant Date and the retirement date inclusive, over (b) the number of days on and after the Grant Date and before the first anniversary of the Grant Date. In the event of the death of Employee without Approved Retiree status during the three month period following termination of employment or a leave of absence over twelve months (except a leave of absence approved by the Board or Committee), the SAR shall be exercisable by the Employee's personal representative, heirs or legatees to the same extent and during the same period that the Employee could have exercised the SAR if the Employee had not died. In the event of the death of Employee while an employee or while an Approved Retiree, the SAR (if the waiting period has elapsed) shall be exercisable in its entirety by the Employee's personal representatives, heirs or legatees at any time prior to the expiration of one year from the date of the death of the Employee, but in no event after the term for which the SAR was granted. For purposes of this Agreement, an "Approved Retiree" is any SAR holder who (i) terminates employment by reason of a Disability, or (ii) (A) retires from employment with the Company with the specific approval of the Committee on or after such date on which the SAR holder has attained age 55 and completed 10 Years of Service, and (B) has entered into and has not breached an agreement to refrain from Engaging in Competition in form and substance satisfactory to the Committee; and if the Committee subsequently determines, in its sole discretion, that an Approved Retiree has violated the provisions of the Agreement to refrain from Engaging in Competition, or has engaged in willful acts or omissions or acts or omissions of gross negligence that are or potentially are injurious to the Company's operations, financial condition or business reputation, such Approved Retiree shall have ninety (90) days from the date of such finding within which to exercise any SARs or portions thereof which are exercisable on such date, and any SARs or portions thereof which are not exercised within such ninety (90) day period shall expire and any SARs or portion thereof which are not exercisable on such date shall be cancelled on such date.

  • Termination of Employment Generally In the event the Executive’s employment with the Company terminates, for any reason whatsoever including death or disability the Executive shall be entitled to the benefits described in this Section 2.2.

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