Termination of Employment or Other Services Sample Clauses

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. (b) If the Optionee shall cease to be employed by or to provide services to the Company or a Subsidiary of the Company for any reason other than death or permanent and total disability (as defined in Code Section 22(e)(3), or any successor provision), this option may be exercised, to the extent the Optionee shall have been entitled to do so at the date of termination of employment or other services, within a period of one year after such date of termination, but in no case later than the Expiration Date set forth above. (c) This option will not confer upon the Optionee any right to continue providing services to the Company or a Subsidiary of the Company as an employee, consultant or other service provider, nor will it interfere in any way with the Company's right or the Subsidiary's right to terminate the Optionee's employment or other services at any time.
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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, the Optionee may, for a period of ninety (90) 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. 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 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. 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. 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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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 with the Company or other relationship with the Company or with an Affiliate after January 13, 2004, the Option shall remain exercisable after the termination of the Optionee's employment or other relationship with the Company for a period of ninety (90) days at which time the unexercised portion of this option shall terminate and be of no further force and effect
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Related to Termination of Employment or Other Services

  • Termination of Employment or Service (a) Subject to the provisions of this Section 5, if the Participant’s employment with or service to the Company Group terminates for any reason, the unvested RSUs shall terminate as of the effective date of termination (the “Termination Date”), and all of the Participant’s rights hereunder with respect to such unvested RSUs shall cease as of the Termination Date (unless otherwise provided for by the Committee in accordance with the Plan). (b) If the Participant’s employment or service is terminated by the Service Recipient during the Performance Period due to or during the Participant’s Disability or due to the Participant’s death, a pro-rated number of the target number of RSUs granted hereunder shall become vested and nonforfeitable (irrespective of performance) based on the number of days in the Performance Period prior to the Termination Date relative to the number of the days in the full Performance Period. Any RSUs that vest as provided herein shall be settled in accordance with Section 4. (c) In the event the Participant’s employment with or service to the Company Group is terminated as a result of the Participant’s Retirement, the RSUs granted hereunder shall remain outstanding and eligible to vest, notwithstanding such termination of employment or service, based on (and to the extent) the Committee’s determination that the Performance Conditions have been satisfied on the Determination Date, in accordance with the schedule set forth in the Award Notice, so long as no Restrictive Covenant Violation occurs (as determined by the Committee, or its designee, in its sole discretion) prior to the Determination Date. Any RSUs that vest as provided herein shall be settled in accordance with Section 4. As a pre-condition to the Participant’s right to continued vesting following Retirement, the Committee, or its designee, may require the Participant to certify in writing prior to the applicable vesting date that no Restrictive Covenant Violation has occurred. Notwithstanding the foregoing, if the Date of Grant of the RSUs is not at least six months prior to the date of the Participant’s Retirement, any unvested RSUs shall terminate as of the Termination Date. (d) If the Participant’s employment with or service to the Company Group terminates for any reason after the last day of the Performance Period and before the Determination Date (other than a termination by the Company for Cause, or by the Participant while grounds for Cause exist or without Good Reason), and no Restrictive Covenant Violation occurs before the Determination Date, then all RSUs shall remain outstanding and eligible to vest based on (and to the extent) the Committee’s determination that the Performance Conditions have been satisfied on the Determination Date. (e) Notwithstanding anything herein to the contrary, the RSUs granted hereunder shall become immediately fully vested as of the Termination Date and settled in accordance with Section 4 if the Participant’s employment with or service to the Company Group shall be terminated by the Company other than for Cause, or by the Participant for Good Reason, in either case if such termination of the Participant’s employment occurs within 12 months following a Change in Control (for the avoidance of doubt, a Change in Control alone shall not, also, result in any vesting hereunder), with the actual number of RSUs determined based on (i) actual performance through the Termination Date, as determined by the Committee, or (ii) if the Committee determines that measurement of actual performance cannot be reasonably assessed, the assumed achievement of target performance as determined by the Committee. (f) For purposes of this Section 5, “Good Reason” means the occurrence of any of the following, without the Participant’s written consent:

  • Termination of Employment for Other Reasons In the event that the Participant's employment with the Company or a Subsidiary terminates prior to the end of the Performance Period for any reason other than Death, Disability, Retirement, or Termination by the Company or a Subsidiary without Cause, then Participant's rights to all of the Target Performance Shares granted in this Award will be immediately and irrevocably forfeited upon such termination of employment.

  • Termination of Employment Relationship Your employment is terminable -------------------------------------- at will. That means that your employment relationship with Cardinal may be terminated by either party at any time, for any reason or no reason at all, subject to the notice provision addressed below. (a) Cardinal may terminate your employment for Cause effective immediately upon written notice. In the event that Cardinal terminates your employment for Cause, you will be entitled to earned and unpaid base salary and payment for any earned and unused vacation days through the last date of your employment.

  • Termination of Employment Executive's employment hereunder may be terminated under the following circumstances:

  • Termination of Services 6.2. To promote a non-discriminatory work environment based on the principle of equality, employers and the trade union should adopt appropriate measures to ensure that employees with HIV and AIDS are not unfairly discriminated against and are protected from victimisation through positive measures such as: (i) preventing unfair discrimination and stigmatisation of people living with HIV or AIDS through the development of HIV/AIDS policies and programmes for the workplace; (ii) awareness, education and training on the rights of all persons with regard to HIV and AIDS; (iii) mechanisms to promote acceptance and openness around HIV/AIDS in the workplace; (iv) providing support for all employees infected or affected by HIV and AIDS; and (v) grievance procedures and disciplinary measures to deal with HIV-related complaints in the workplace. 7. HIV TESTING, CONFIDENTIALITY AND DISCLOSURE

  • 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.

  • Termination of Employees Agent may in its discretion stop using any Retained Employee at any time during the Sale, subject to the conditions provided for herein. In the event that Agent desires to cease using any Retained Employee, Agent shall notify Merchant at least seven (7) days prior thereto, so that Merchant may coordinate the termination of such employee; provided, however, that, in the event that Agent determines to cease using an employee “for cause” (which shall consist of dishonesty, fraud or breach of employee duties), the seven (7) day notice period shall not apply, provided further, however, that Agent shall immediately notify Merchant of the basis for such “cause” so that Merchant can arrange for termination of such employee. From and after the date of this Agreement and until the Sale Termination Date, Merchant shall not transfer or dismiss Retained Employees except “for cause” without Agent’s prior consent. Notwithstanding the foregoing, Agent shall not have the right to terminate the actual employment of any Retained Employee, but rather may only cease using such employee in the Sale and paying any Expenses with respect to such employee.

  • Termination of Employment Agreement As of the Effective Date, the Employment Agreement hereby is terminated in its entirety and shall no longer have any force or effect.

  • Termination of Employment Severance Your immediate supervisor or the Company's Board of Directors may terminate your employment, with or without cause, at any time by giving you written notice of your termination, such termination of employment to be effective on the date specified in the notice. You also may terminate your employment with the Company at any time. The effective date of termination (the "Effective Date") shall be the last day of your employment with the Company, as specified in a notice by you, or if you are terminated by the Company, the date that is specified by the Company in its notice to you. The following subsections set forth your rights to severance in the event of the termination of your employment in certain circumstances by either the Company or you. Section 5 also sets forth certain restrictions on your activities if your employment with the Company is terminated, whether by the Company or you. That section shall survive any termination of this Agreement or your employment with the Company.

  • Termination of Employment Due to Death or Disability If your employment with the Company terminates due to death or Disability, in each case, prior to the Vesting Date, your Adjusted PSUs will vest and convert into Shares on the Adjustment Date (even though you are not employed by the Company on the Vesting Date). Upon a termination of employment due to death, the Adjusted PSUs shall be delivered in accordance with Section 10.

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