Common use of Termination of Employment During Performance Period Clause in Contracts

Termination of Employment During Performance Period. (a) If the Executive's employment with the Corporation terminates during the Performance Period because of death, disability, retirement or a Change in Control, the Executive Compensation Committee of the Board of Directors of the Corporation (the "Committee") may, in its sole discretion, make a pro rata Award to the Executive.

Appears in 1 contract

Samples: 1998 Long Term Performance Award Agreement (Crompton & Knowles Corp)

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Termination of Employment During Performance Period. (a) If the Executive's employment with the Corporation or a subsidiary of the Corporation terminates during the Performance Period because of death, disability, retirement disability or a Change in ControlRetirement, the Executive Compensation Committee of the CK Witco Board of Directors of the Corporation (the "Committee") may, in its sole discretion, make a pro rata Award to the Executive.

Appears in 1 contract

Samples: Term Performance Award Agreement (Ck Witco Corp)

Termination of Employment During Performance Period. (a) If the Executive's employment with the Corporation or a subsidiary of the Corporation terminates during the Performance Period because of death, disability, retirement or a Change in Controlretirement, the Executive Compensation Committee of the Crompton & Kxxxxxx Board of Directors of the Corporation (the "Committee") may, in its sole discretion, make a pro rata Award to the Executive.

Appears in 1 contract

Samples: Award Agreement (Crompton & Knowles Corp)

Termination of Employment During Performance Period. (a) If the Executive's employment with the Corporation or a subsidiary of the Corporation terminates during the Performance Period because of death, disability, retirement disability or a Change in ControlRetirement, the Executive Organization, Compensation and Governance Committee of the Board of Directors of the Corporation (the "Committee") may, in its sole discretion, make a pro rata Performance Award to the Executive.

Appears in 1 contract

Samples: 2004 Long Term Incentive Award Agreement (Crompton Corp)

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Termination of Employment During Performance Period. (a) If the Executive's employment with the Corporation or a subsidiary of the Corporation terminates during the Performance Period because of death, disability, retirement disability or a Change in ControlRetirement, the Executive Compensation Committee of the Board of Directors of the Corporation Crompton & Knowles Xxxxx (the "Committee") may, in its sole discretion, make a pro rata Award to the Executive.

Appears in 1 contract

Samples: Term Performance Award Agreement (Ck Witco Corp)

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