Common use of Termination of Employment or Service Clause in Contracts

Termination of Employment or Service. Each Award Agreement shall set forth the extent to which the Participant shall have the right to receive a payout with respect to an Award of Performance Units following termination of the Participant’s employment or, if the Participant is a Director or Consultant, service with the Company and/or a Subsidiary, as the case may be. Such provisions shall be determined in the sole discretion of the Committee, need not be uniform among all Performance Units and may reflect distinctions based on reasons for termination of employment or service.

Appears in 4 contracts

Samples: Omnibus Incentive Plan (Remy International, Inc.), 2011 Omnibus Incentive Plan (First Federal Bancshares of Arkansas Inc), 2008 Omnibus Incentive Plan (Lender Processing Services, Inc.)

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Termination of Employment or Service. Each Award Agreement shall set forth the extent to which the Participant shall have the right to receive a payout with respect to an Award of Performance Units retain unvested Restricted Stock following termination of the Participant’s employment or, if the Participant is a Director or Consultant, service with the Company and/or a Subsidiary, as the case may be. Such provisions shall be determined in the sole discretion of the Committee, need not be uniform among all Performance Units Awards of Restricted Stock, and may reflect distinctions based on the reasons for termination of employment or service.

Appears in 4 contracts

Samples: Omnibus Incentive Plan (Remy International, Inc.), 2011 Omnibus Incentive Plan (First Federal Bancshares of Arkansas Inc), 2008 Omnibus Incentive Plan (Lender Processing Services, Inc.)

Termination of Employment or Service. Each Award Agreement shall set forth the extent to which the Participant shall have the right to receive a payout with respect to an Award of Restricted Stock Units or Performance Units Shares following termination of the Participant’s employment or, if the Participant is a Director or Consultant, service with the Company and/or a Subsidiary, as the case may be. Such provisions shall be determined in the sole discretion of the Committee, need not be uniform among all Restricted Stock Units or Performance Units Shares, and may reflect distinctions based on the reasons for termination of employment or service.

Appears in 4 contracts

Samples: Omnibus Incentive Plan (Remy International, Inc.), 2011 Omnibus Incentive Plan (First Federal Bancshares of Arkansas Inc), 2008 Omnibus Incentive Plan (Lender Processing Services, Inc.)

Termination of Employment or Service. Each Award Agreement shall set forth the extent to which the Participant shall have the right to receive a payout with respect to an retain Performance Units, Performance Shares and/or Cash-Based Award of Performance Units following termination of the such Participant’s employment or, if the Participant is a Director or Consultant, service with the Company and/or a Subsidiary, as the case may beTermination. Such provisions shall be determined in the sole discretion of the Committee, shall be included in the applicable Award Agreement, need not be uniform among all Performance Units such Awards issued pursuant to the Plan, and may reflect distinctions based on the reasons for termination of employment or serviceTermination.

Appears in 3 contracts

Samples: Incentive Compensation Plan (Wellpoint Inc), Incentive Compensation Plan (Golfsmith International Holdings Inc), Incentive Compensation Plan (Omi Corp/M I)

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Termination of Employment or Service. Each Award Agreement shall set forth the extent to which the Participant shall have the right to receive a payout with respect to an Award of retain Performance Units Units, Performance Shares and/or Cash-Based Awards following termination of the such Participant’s employment or, if the Participant is a Director or Consultant, service with the Company and/or a Subsidiary, as the case may beTermination. Such provisions shall be determined in the sole discretion of the Committee, shall be included in the applicable Award Agreement, need not be uniform among all Performance Units such Awards issued pursuant to the Plan, and may reflect distinctions based on the reasons for termination of employment or serviceTermination.

Appears in 1 contract

Samples: 2015 Omnibus Equity Incentive Plan (EndoChoice Holdings, Inc.)

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