Termination of Employment or Other Services Sample Clauses

Termination of Employment or Other Services. Upon termination of the Optionee's employment with the Company or other relationship with the Company or with an Affiliate after February 18, 2005, including on account of the death of the Optionee, the Option shall remain exercisable after the termination of the Optionee's employment or other relationship with the Company until the expiration of the term of the Option set forth in Paragraph 3. If the Option is not exercised during its term, it shall be deemed to have been forfeited and of no further force or effect.
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Termination of Employment or Other Services. (a) If the Optionee shall cease to be employed by or to provide services to the Company or a Subsidiary of the Company as a result of permanent and total disability (as defined in Code Section 22(e)(3), or any successor provision), this option will become exercisable in full on the date of termination of employment or other services, and may be exercised within a period of one year after such termination, but in no case later than the Expiration Date set forth above.
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Termination of Employment or Other Services. Unless otherwise determined in the sole discretion of the Committee, upon termination of the Optionee’s employment or other relationship with the Company or with an Affiliate other than as a result of the death of the Optionee, the Optionee may, for a period of thirty (30) calendar days after the effective date of such termination, but in no case later than the Expiration Date set forth above, exercise the Option to the extent it was exercisable as of the effective date of such termination of employment. However, any portion of this Option that is not exercisable as of the effective date of such termination of employment shall terminate and be immediately forfeited, whether or not exercisable, and neither the Optionee nor the Optionee’s heirs, personal representatives, successors or assigns shall have any future rights with respect to such portion of this Option.
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Termination of Employment or Other Services. Unless otherwise determined in the sole discretion of the Committee and except as set forth below, upon termination of the Optionee’s employment or other relationship with the Company or with an Affiliate as a result of Disability, by the Optionee for Good Reason, or by the Company without Cause, all as defined and described in that certain Employment Agreement between Company and Optionee dated as of January 1, 2008, as such may be amended from time to time (the “Employment Agreement”), which termination of employment occurs at least six months after this Option Grant Date, the Option granted herein shall immediately vest and be fully exercisable for a period of three (3) years after the effective date of such termination, but in no case later than the Expiration Date set forth above. Notwithstanding the foregoing, termination of the Optionee’s employment or other relationship with the Company or with an Affiliate by the Company for Cause or by the Optionee without Good Reason, or any termination of employment within six months following the Grant Date for any reason, all as set forth in the Employment Agreement, shall result in the immediate termination and forfeiture of this Option Agreement and Optionee shall have no right to exercise any unvested portion of this Option and shall have ninety (90) days from the effective date of such termination to exercise any vested portion of this Option. The determination of the Committee as to the existence of “cause” or “without good reason” will be conclusive on the Optionee and the Company. The Committee shall be permitted to extend the period of exercise for a period not to exceed the Expiration Date set forth above or three (3) years, whichever is shorter, provided the Committee determines in its sole discretion that: (i) such extension to be appropriate, and (ii) termination did not occur by the Company for “cause”, and in each case, Optionee agrees in writing to not pursue employment at a competing business as defined by the Committee and with such additional terms as the Committee determines is adequate in its sole discretion. Nothing herein shall require an extension of the period of exercise by the Committee.
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Termination of Employment or Other Services. Upon termination of the Optionee’s employment or other relationship with the Company or with an Affiliate other than as a result of the death of the Optionee, the Optionee shall have until the earlier of thirty (30) days after such termination or the Expiration Date to exercise any portion of the Option that is vested on such termination date, but any portion of the Option that is not vested on such termination date shall automatically terminate and be immediately forfeited, and neither the Optionee nor the Optionee’s heirs, personal representatives, successors or assigns shall have any rights with respect to any such unvested portion of the Option.
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Related to Termination of Employment or Other Services

  • Termination of Employment or Services Except as set forth herein, if the Participant’s employment with, membership on the board of directors of, or engagement to provide services to, the Company or any of its Affiliates terminates for any reason, all unvested RSUs shall be canceled immediately and the Participant shall not be entitled to receive any payments with respect thereto.

  • Termination of Employment or Service If the Participant’s employment or service with the Company and its Affiliates terminates for any reason, all unvested RSUs shall be cancelled immediately and the Participant shall not be entitled to receive any payments with respect thereto.

  • Effect of Termination of Employment or Death If the Employee goes on leave of absence for a period of greater than twelve months (except a leave of absence approved by the Board of Directors or the Committee) or ceases to be an employee of the Company or a Subsidiary for any reason except death, the portion of the SAR which is unexercisable on the date on which the Employee ceased to be an Employee or has been on a leave of absence for over twelve months (except a leave of absence approved by the Board or Committee) shall expire on such date and any unexercised portion of the SARs which was otherwise exercisable on such date shall expire at the earlier of (i) the expiration of this SAR in accordance with the term for which the SAR was granted, or (ii) three months (one year in the case of termination by reason of Disability of the Employee under the terms of the Plan) from such date, except in the case of an Employee who is an "Approved Retiree" as defined below. If Employee is an Approved Retiree, then the SAR shall expire at the sooner to occur of (i) the expiration of such SAR in accordance with its original term, (ii) the expiration of five years from the date of retirement, or (iii) with respect to SARs granted less than one year before the date the Approved Retiree retires, such retirement date, except not with respect that portion of the SARs equal to the number of such shares multiplied by the ratio of (a) the number of days between the Grant Date and the retirement date inclusive, over (b) the number of days on and after the Grant Date and before the first anniversary of the Grant Date. In the event of the death of Employee without Approved Retiree status during the three month period following termination of employment or a leave of absence over twelve months (except a leave of absence approved by the Board or Committee), the SAR shall be exercisable by the Employee's personal representative, heirs or legatees to the same extent and during the same period that the Employee could have exercised the SAR if the Employee had not died. In the event of the death of Employee while an employee or while an Approved Retiree, the SAR (if the waiting period has elapsed) shall be exercisable in its entirety by the Employee's personal representatives, heirs or legatees at any time prior to the expiration of one year from the date of the death of the Employee, but in no event after the term for which the SAR was granted. For purposes of this Agreement, an "Approved Retiree" is any SAR holder who (i) terminates employment by reason of a Disability, or (ii) (A) retires from employment with the Company with the specific approval of the Committee on or after such date on which the SAR holder has attained age 55 and completed 10 Years of Service, and (B) has entered into and has not breached an agreement to refrain from Engaging in Competition in form and substance satisfactory to the Committee; and if the Committee subsequently determines, in its sole discretion, that an Approved Retiree has violated the provisions of the Agreement to refrain from Engaging in Competition, or has engaged in willful acts or omissions or acts or omissions of gross negligence that are or potentially are injurious to the Company's operations, financial condition or business reputation, such Approved Retiree shall have ninety (90) days from the date of such finding within which to exercise any SARs or portions thereof which are exercisable on such date, and any SARs or portions thereof which are not exercised within such ninety (90) day period shall expire and any SARs or portion thereof which are not exercisable on such date shall be cancelled on such date.

  • Termination of Employment Relationship 3.1 The Executive’s employment with the Company shall automatically terminate, and the Employment Term shall thereupon terminate:

  • Effect of Termination of Employment or Services (a) The Restricted Stock granted pursuant to this Agreement shall vest in accordance with the vesting schedule reflected in Paragraph 2(b) above, as long as the Participant remains employed by or continues to provide services to the Company or a Subsidiary. If, however, either:

  • Termination of Employment The Executive’s employment hereunder shall terminate under the following circumstances:

  • Effect of Termination of Employment or Service Except as provided in Section 3, the Participant’s Share Units shall terminate and be forfeited to the extent such units have not become vested prior to the first date the Participant is no longer employed by or in service to the Company or one of its Subsidiaries, regardless of the reason for the termination of the Participant’s employment or service with the Company or a Subsidiary, whether voluntarily or involuntarily. If any unvested Share Units are terminated hereunder, such Share Units shall automatically terminate and be forfeited as of the applicable termination date without payment of any consideration by the Company and without any other action by the Participant, or the Participant’s beneficiary or personal representative, as the case may be.

  • Termination of Employment and Options Vested Options shall terminate, to the extent not previously exercised, upon the occurrence of the first of the following events:

  • Termination of Services If the Optionee’s services with the Company and all Related Corporations are terminated for any reason (other than death or disability) prior to the Expiration Date, then this Option may be exercised by Optionee, to the extent of the number of Common Shares with respect to which the Optionee could have exercised it on the date of such termination of services, at any time prior to the earlier of (i) the Expiration Date, or (ii) three months after such termination of services. Any part of the Option that was not exercisable immediately before the termination of Optionee’s services shall terminate at that time.

  • Other Termination of Employment In the event of your voluntary termination (other than a Retirement subject to Section 2(c) or a Qualifying Termination subject to Section 2(f)), or termination by the Company or a subsidiary of the Company for misconduct or other conduct deemed by the Company to be detrimental to the interests of the Company or a subsidiary of the Company, you shall forfeit all unvested RSUs on the date of termination.

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