Termination for Other Reason Sample Clauses

Termination for Other Reason. If prior to the exercise of the Option, the Optionee's employment with the Employer shall be terminated for any reason other than as set forth in paragraphs (b) through (f) above, then the Option (subject to subsection (h) below) held by the Optionee may be exercised at any time within one month after the Optionee's termination of employment.
AutoNDA by SimpleDocs
Termination for Other Reason. In the event of the termination of Executive’s employment for any reason other than the reasons set forth in Section 6(a) above, including but not limited to, termination by Executive without Good Reason, termination by the Company for Cause, or termination due to Executive’s death or disability, Executive shall be entitled to no compensation or benefits from the Company other than those earned under Section 3 above through the date of termination.
Termination for Other Reason. If the Executive's employment shall be terminated by the Company for Cause or by the Executive other than for Good Reason, death or Disability, neither Parent nor the Company shall have any further obligations to the Executive under this Agreement other than the obligation to pay to the Executive the Accrued Obligation and any postemployment benefits to which the Executive is entitled under the terms of Parent's or the Company's employee benefit plans.
Termination for Other Reason. If prior to the exercise of the Option, the Optionee’s service as a Director shall be terminated for any reason other than as set forth in subsections (b) through (e) above, including as a result of the tendering of the Optionee’s resignation as a Director during his or her then current term of office, then the Option (subject to clause (g) below) held by the Optionee may be exercised at any time within one month after the Optionee’s termination of service as a Director, provided that, if such termination of the Optionee’s service as a director occurs during a Trading Blackout, such Option (subject to clause (g) below) may be exercised at any time starting from the Optionee’s termination date through the last day of the first month following the expiration date of such Trading Blackout period.
Termination for Other Reason. For purposes of this Agreement, “Termination for Other Reason” shall mean either:
Termination for Other Reason. In the event that the Participant’s employment terminates during a Performance Cycle for any reason other than those reasons set forth in subsection e., the entire Award shall be forfeited, and no payment shall be made to the Participant.
Termination for Other Reason. If prior to the exercise of the Option, the Optionee’s employment with the Employer shall be terminated for any reason other than as set forth in paragraphs (b) through (f) above, then the Option (subject to subsection (h) below) held by the Optionee may be exercised at any time within one month after the Optionee’s termination of employment, provided that, if such termination of the Optionee’s employment occurs during a Trading Blackout and the Optionee is subject to such Trading Blackout, such Option (subject to subsection (h) below) may be exercised at any time starting from the Optionee’s termination date through the last day of the first month following the expiration date of such Trading Blackout.
AutoNDA by SimpleDocs
Termination for Other Reason. If the Executive's employment is terminated during the term of this Agreement by the Executive for Good Reason or by the Company other than by reason of (i) death, (ii) Disability, or (iii) for Cause, then the Company shall pay the Executive a cash lump sum in an amount equal to (i) four (4) times his Base Salary in effect at the time of his termination of employment, plus (ii) the higher of the Bonus which the Executive received in the prior fiscal year, or the target Bonus applicable to the Executive in the fiscal year of such termination. Such amount shall be payable no later than thirty (30) days following the Executive's termination pursuant to this Section 5.5. For the three year period after the Executive's termination of employment pursuant to this Section 5.5, the Executive shall be (i) entitled to continued participation in all of the Company's employee benefit plans, including, without limitation, continued accrual for retirement benefits, and all of the other benefits and perquisites provided for under this Agreement (other than those benefits set forth in clause (vi) below) or (ii) provided the economic equivalent of such continued participation and perquisites. In addition, the Company shall be obligated to: (i) provide that all options granted to the Executive under the Company's Long-Term Incentive and Share Award Plan and such other stock option or incentive plans as may be maintained by the Company shall vest upon such termination; (ii) transfer to the Executive all right and title to the automobiles provided to the Executive pursuant to Section 3.4 herein; and (iii) provide the Executive coverage under the Company's medical plans and life insurance plans or other similar medical or life insurance coverage, or the economic equivalent of such coverage, for so long as the Executive shall live.
Termination for Other Reason. If the Executive's employment is terminated other than by reason of (i) death, (ii) Disability, (iii) for Cause or (iv) the Executive's voluntary termination of employment, then (x) the Company shall be obligated to pay the Executive any unpaid Base Salary through the date of termination, and Bonus, if any, pro-rated to the date of termination, (y) the Company shall pay the Executive severance pay equal to the Base Salary (less any applicable withholding taxes) payable hereunder, at times and intervals set forth in Sections 3.1 hereof, for the remainder of the term of this Agreement (the "Severance Term"), and (z) notwithstanding anything contained in the Option Agreement or the Company's option plans to the contrary, all options previously awarded to the Executive shall immediately vest. The Company's obligation to make payments hereunder to the Executive shall immediately cease upon the Executive's subsequent death or disability or in the event the Executive shall fail to honor the Executive's obligations under Section 7 hereof.
Termination for Other Reason. If prior to the exercise of the Option, the Optionee’s service as a Director shall be terminated for any reason other than as set forth in subsections (b) through (e) above, including as a result of the tendering of the Optionee’s resignation as a Director during his or her then current term of office, then the Option (subject to clause (g) below) held by the Optionee may be exercised at any time within one month after the Optionee’s termination of service as a Director.
Time is Money Join Law Insider Premium to draft better contracts faster.