Common use of Termination of Employment or Service for Cause or any reason other than death, Disability or Retirement Clause in Contracts

Termination of Employment or Service for Cause or any reason other than death, Disability or Retirement. Except as the Committee may at any time otherwise provide or as required to comply with applicable law, if Awardee terminates his/her employment or service with Micro or an Affiliate for Cause or any reason other than death, Disability or Retirement, Awardee’s unvested Restricted Stock Award will be cancelled (forfeited) on the Termination Date (as defined in Section 5(d) below) and he/she shall not be entitled to receive any payment thereunder.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Ingram Micro Inc)

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Termination of Employment or Service for Cause or any reason other than death, Disability or Retirement. Except as the Committee may at any time otherwise provide or as required to comply with applicable law, if Awardee terminates his/her employment or service with Micro or an Affiliate for Cause or any reason other than death, Disability or Retirement, Awardee’s unvested Restricted Stock Unit Award will be cancelled (forfeited) on the Termination Date (as defined in Section 5(d6(d) below) and he/she shall not be entitled to receive any payment thereunder.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Ingram Micro Inc)

Termination of Employment or Service for Cause or any reason other than death, Disability or Retirement. Except as the Committee may at any time otherwise provide or as required to comply with applicable law, if Awardee terminates his/her Awardee’s employment with the Employer, or service with Micro or an Affiliate Micro, as applicable, is terminated for Cause or any reason other than death, Disability or Retirement, Awardee’s the unvested Restricted Stock Award will shall be cancelled (forfeited) on the Termination Date (as defined in Section 5(d4(d) below) and he/she Awardee shall not be entitled to receive any payment thereunder.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Ingram Micro Inc)

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Termination of Employment or Service for Cause or any reason other than death, Disability or Retirement. Except as the Committee may at any time otherwise provide or as required to comply with applicable law, if Awardee terminates his/her Awardee’s employment with the Employer, or service with Micro or an Affiliate Micro, as applicable, is terminated for Cause or any reason other than death, Disability or Retirement, Awardee’s the unvested Restricted Stock Unit Award will shall be cancelled (forfeited) on the Termination Date (as defined in Section 5(d6(d) below) and he/she Awardee shall not be entitled to receive any payment thereunder.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Ingram Micro Inc)

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