Common use of Termination of Employment or Services Clause in Contracts

Termination of Employment or Services. (a) If the Participant’s employment with the Corporation and its Subsidiaries is terminated by the Corporation or a Subsidiary without Cause or by the Participant for Good Reason, as such terms are defined in the Employment Agreement, then, provided that the Participant executes and delivers to the Corporation the Agreement and Release specified in the Employment Agreement within fifty (50) days of the Participant’s termination of employment, and does not revoke such Agreement and Release such that it becomes effective by its terms prior to the sixtieth (60th) day following the Participant’s termination of employment, all Shares of Restricted Stock shall vest and become nonforfeitable in full as of the date of the Participant’s termination of employment. (b) Except as set forth in Section 4(a) above, if the Participant’s employment with the Corporation and its Subsidiaries terminates for any reason, all unvested Shares of Restricted Stock shall immediately be forfeited and reacquired by the Corporation without any consideration payable to the Participant. (c) If the Participant’s employment with the Corporation and its Subsidiaries is involuntarily terminated for Cause, as defined in the Plan, all Shares of Restricted Stock, whether or not then vested, shall immediately be forfeited and reacquired by the Corporation without any consideration payable to the Participant.

Termination of Employment or Services. (a) If the Participant’s employment with the Corporation and its Subsidiaries is terminated by the Corporation or a Subsidiary without Cause or by the Participant for Good Reason, as such terms are defined in the Employment Agreement, then, provided that the Participant executes and delivers to the Corporation the Agreement and Release specified in the Employment Agreement within fifty (50) days of the Participant’s termination of employment, and does not revoke such Agreement and Release such that it becomes effective by its terms prior to the sixtieth (60th) day following the Participant’s termination of employment, all Shares of Restricted Stock the Option shall vest become vested and become nonforfeitable in full as of the date of the Participant’s termination of employment. (b) Except as set forth in Section 4(a3(a) above, if the Participant’s employment with the Corporation and its Subsidiaries terminates for any reason, all the unvested Shares portion of Restricted Stock the Option shall be canceled immediately and the Participant shall immediately be forfeited and reacquired by the Corporation forfeit without any consideration payable any rights to the ParticipantOption Shares subject to such unvested portion. (c) If the Participant’s employment with the Corporation and its Subsidiaries is involuntarily terminated for Cause, as defined in the Plan, all Shares of Restricted Stockthe Option, whether or not then vested, shall immediately be forfeited and reacquired by terminate on the Corporation without any consideration payable to the Participantdate of such termination.