Termination of Employment, Death or Disability. Each installment of this Option shall expire and terminate to the extent not exercised upon the earlier to occur of (a) four years after the vesting date of each Option installment; or (b) the date which occurs (as applicable) (i) 12 months after the date upon which the Optionee's employment with Santera is terminated (A) by Santera without Cause during the Term of the Employment Agreement pursuant to Section 8.1(b) thereof or without Cause at any time after the Term of the Employment Agreement, (B) with Cause due to the Optionee's death or disability during or after the Term of the Employment Agreement, or (C) by the Optionee with Good Reason during the Term of the Employment Agreement pursuant to Section 8.1(c) thereof; (ii) six months after the date upon which Optionee's employment is terminated by the Optionee with or without Good Reason after the Term of the Employment Agreement; or (iii) 30 days after the date upon which the Optionee's employment is terminated (A) by Santera with Cause, other than due to death or disability of the Optionee, during the Term of the Employment Agreement pursuant to Section 8.1(a) thereof, (B) by Santera with Cause, other than due to death or disability of the Optionee, at any time after the Term of the Employment Agreement, or (C) by the Optionee without Good Reason during the Term of the Employment Agreement.
Termination of Employment, Death or Disability. In the event of the death, disability or other termination of employment of the Optionee, the Option shall be exercisable to the extent provided in Section 5 of the Plan.
Termination of Employment, Death or Disability. If Participant’s Employment with the Company and its Affiliates is terminated because of death or Disability, all unvested Shares held by the Participant at the time of such termination shall become immediately vested and the risks of forfeiture on such unvested Shares shall immediately lapse.
Termination of Employment, Death or Disability. If the Executive's employment by the Company (i) terminates by reason of death or disability, or (ii) is terminated by the Company other than for Cause, or by the Executive for Good Reason, the Transaction Bonus Award applicable to (x) any Transaction for which the Transaction Date has theretofore occurred shall be paid in a lump sum cash payment, without interest or earnings, immediately, upon such termination and (y) any Transaction for which a definitive agreement is signed by all necessary parties prior to the Executive's termination of employment and for which a Transaction Date occurs subsequent to Executive's termination of employment shall be paid in a lump sum cash payment, without interest or earnings, within two business days after the Transaction Date occurs. If the Executive's employment by the Company is terminated by the Company for Cause or by the Executive other than for Good Reason, any Transaction Bonus Award applicable to any Transaction for which the Transaction Date has theretofore occurred shall be cancelled and shall not be paid.
Termination of Employment, Death or Disability. Notwithstanding the foregoing provisions of this Section 2, if Participant is subject to a written employment agreement or severance benefits agreement (“Employment Agreement”) with the Company or a Subsidiary, then in the event the Company (or the Subsidiary employing Participant) terminates Participant’s employment without “Cause” or Participant resigns as a “Voluntary Termination for Good Reason,” or Participant ceases to be an Eligible Person as the result of Participant’s death or “Disability” occurring before any vesting date or Determination Date, LTIP Shares shall vest in accordance with the terms of Participant’s applicable Employment Agreement. The terms “Cause”, “Voluntary Termination for Good Reason” and “Disability” used in this Section 2(a) shall have the meanings given them in such Employment Agreement, as may be modified from time to time.
Termination of Employment, Death or Disability. Upon the Participant’s Termination of Employment, death or Disability, all unvested PSAs shall be treated as follows:
Termination of Employment, Death or Disability a. Each party shall have the right to terminate the employment of Employee by the Company at any time, with or without cause.
Termination of Employment, Death or Disability. The Executive’s employment shall terminate automatically upon the Executive’s death during the Employment Period. If the Company
Termination of Employment, Death or Disability. If the Optionee's employment is terminated with cause, then all of the Optionee’s rights existing hereunder shall immediately be null and void, and any options granted shall be forfeited, and the Optionee shall have no further right to purchase any Option Shares. If the Optionee dies or ceases to be an employee of the Corporation due to a non-cause termination or resignation or retirement after the date of this Agreement, the vested option rights existing on the day the Optionee dies or ceases to be such an employee may be exercised only within a period of three (3) months thereafter, subject to the notice requirements previously stated or prior expiration of the option exercise period, whichever shall occur sooner. If the Optionee becomes permanently disabled, these option rights may be exercised by the Optionee during a period for twelve (12) months after disability, subject to notice requirements previously stated or prior expiration of the Exercise Period, whichever shall first occur.
Termination of Employment, Death or Disability. (a) If the Participant’s employment with the Company is terminated for any reason other than death or disability prior to the Release Date, all Restricted Stock that has not been released shall be forfeited to the Company on the date on which such termination of status occurs.
