Common use of Termination Due to Other Reasons Clause in Contracts

Termination Due to Other Reasons. If the Grantee’s employment with the Company and its Affiliates (as defined below) terminates for any other reason, and the Grantee and the Company have not entered into a written agreement explicitly providing otherwise in accordance with rules and procedures adopted by the Committee, then the PSUs shall be immediately cancelled.

Appears in 2 contracts

Samples: Equity Grant Agreement (General Electric Co), Equity Grant Agreement (General Electric Co)

AutoNDA by SimpleDocs

Termination Due to Other Reasons. If the Grantee’s employment with the Company and or any of its Affiliates (as defined below) affiliates terminates for any other reason, and the Grantee and the Company have not entered into a written agreement explicitly providing otherwise in accordance with rules and procedures adopted by the Committee, then the PSUs shall be immediately cancelled.

Appears in 1 contract

Samples: Equity Grant Agreement (General Electric Co)

AutoNDA by SimpleDocs

Termination Due to Other Reasons. If the Grantee’s employment with the Company and its Affiliates (as defined below) terminates for any other reason, and the Grantee and the Company have not entered into a written agreement explicitly providing otherwise in accordance with rules and procedures adopted by the Committee, then the PSUs for which the requirement to remain employed has not lapsed shall be immediately cancelled.

Appears in 1 contract

Samples: Equity Grant Agreement (General Electric Co)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!