Termination of Eligibility and/or Awards Sample Clauses

Termination of Eligibility and/or Awards. Applicant/Titleholder understands and agrees that if any of the representations or statements made in this Application/Agreement or any of its attachments/exhibits is determined by the Local, State, and National Organization(s) to be false at any time after executing this Application/Agreement, including during her term if chosen as a Titleholder, or if any of the facts herein should change and Applicant/Titleholder fails to report any such change(s) in writing immediately to her Local, State or National Organization(s), in its/their sole discretion, it/they can limit or prevent Applicant/Titleholder from further participation in the Program, including terminating Applicant/Titleholder's term. In such event, all titles, awards, and grants or perquisites of Applicant/Titleholder shall be terminated and forfeited, subject to the provisions of this Application/Agreement, its Attachments, Exhibits, and/or Addendums.
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Termination of Eligibility and/or Awards. Candidate/Titleholder understands and agrees that if any of the representations or statements made in this Contract or any of its attachments is determined by the Local, State, and National Organization(s) to be false at any time after executing this Agreement, including during her Year of Service if chosen as a Titleholder, or if any of the facts herein should change and Candidate/Titleholder fails to report any such change(s) in writing immediately to her Local, State or National Organization(s), in its/their sole discretion, can limit or prevent Candidate/Titleholder from further participation in the Program, including terminating Candidate/Titleholder's Year of Service. In such event, all titles, awards, and grants or perquisites of Candidate/Titleholder shall be terminated and forfeited, subject to the provisions of this Contract, its Exhibits, and/or Addendums.
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Related to Termination of Eligibility and/or Awards

  • Other Termination of Service If the Optionee's Service with the Participating Company Group terminates for any reason, except Disability or death, the Option, to the extent unexercised and exercisable by the Optionee on the date on which the Optionee's Service terminated, may be exercised by the Optionee within three (3) months after the date on which the Optionee's Service terminated, but in any event no later than the Option Expiration Date.

  • Termination of Service (a) If, prior to the Expiration Date, the Participant’s Service with the Company shall terminate (the date of termination being the “Date of Termination”) by reason of a Normal Termination (as defined in the Plan), the Options shall remain exercisable until the earlier of the Expiration Date or the day three (3) months after the Date of Termination to the extent the Options were vested and exercisable as of the Date of Termination. (b) If the Participant’s Service with the Company shall cease prior to the Expiration Date by reason of death or disability, or the Participant shall die or become disabled while entitled to exercise any of the Options pursuant to paragraph 3(a), the Participant or the Participant’s legal representative, or, in the case of death, the executor or administrator of the estate of the Participant or the person or persons to whom the Options shall have been validly transferred by the executor or administrator pursuant to will or the laws of descent and distribution, shall have the right, until the earlier of the Expiration Date or one year after the date of death or disability, to exercise the Options to the extent that the Participant was entitled to exercise them on the date of death or disability. (c) If, prior to the Expiration Date, the Participant’s Service with the Company is terminated for “Cause” (as defined in the Plan), (i) unless otherwise provided by the Committee, the Options, to the extent not exercised as of the Date of Termination, shall lapse and be canceled, and (ii) all shares of Common Stock received pursuant to an exercise of the Options after such termination, in contravention of subsection (i) above, may be purchased by the Company at its discretion for the exercise price of such shares paid by the Participant. If the Participant’s Service relationship with the Company is suspended pending an investigation of whether the Participant shall be terminated for Cause, all the Participant’s rights with respect to the Options shall be suspended during the period of investigation. (d) If, prior to the Expiration Date, the Participant’s Service with the Company is terminated other than for Cause, a Normal Termination, death or disability, the Options, to the extent then vested and exercisable as of the Date of Termination, shall remain exercisable until the earlier of the Expiration Date or thirty (30) days after the Date of Termination. (e) After the expiration of any exercise period described in any of Sections 3(a) - (d) hereof, or otherwise upon the Expiration Date, the Options shall terminate together with all of the Participant’s rights hereunder, to the extent not previously exercised.

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