TERMINATION OF OFFICE OR EMPLOYMENT Sample Clauses

TERMINATION OF OFFICE OR EMPLOYMENT. If your status as an employee or officer of the Company is terminated for any reason other than death or disability or cause, this option may be exercised within three (3) months from the date of such termination to the extent you were entitled to exercise the option on the date of termination, but in no event may this option be exercised after the expiration of the term of this option. If, however, you are removed from your office or your employment with the Company is terminated for cause as defined in the Plan, this option shall expire at the time notice or advice of such removal or termination is dispatched by the Company and notwithstanding anything else herein to the contrary, neither you nor your estate shall be entitled to exercise any option with respect to any Shares whatsoever after such removal or termination.
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TERMINATION OF OFFICE OR EMPLOYMENT. (a) If Optionee's status as an employee or officer of the Bank is terminated for any reason other than death or permanent and total disability or cause, the Option may be exercised within three (3) months from the date of such termination to the extent Optionee shall be entitled to exercise the Option on the date of termination, but in no event may the Option be exercised after the expiration of its term specified in Section 4 hereof.
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TERMINATION OF OFFICE OR EMPLOYMENT. If this option was granted to you while you were an Employee or Director of the Bank or of an Affiliate, you may only exercise it if you have maintained Continuous Service from the date of the grant of this option until the date you seek to exercise it. You may also exercise any vested portion of your option for up to 90 days after termination of Continuous Service (but not later than the date on which this option would otherwise expire), except as follows:
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TERMINATION OF OFFICE OR EMPLOYMENT. Except to the extent otherwise provided in more restrictive terms of this Agreement, this option may be exercised by you only with respect to the vested portion of your option and, in the case of Officers, Employees and Directors, only while you are an Officer, Employee or Director and have maintained Continuous Service (all as defined in the Plan) from the date of the grant of this option, or within three months after termination of such Continuous Service (but not later than the date on which this option would otherwise expire), except if the Officer's, Employee's or Director's Continuous Service terminates by reason of:
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TERMINATION OF OFFICE OR EMPLOYMENT. In the event your services terminate:
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TERMINATION OF OFFICE OR EMPLOYMENT. If this option was granted to you while you were an employee or director of the Company or of an Affiliate, you may only exercise it if you have maintained continuous service from the date of the grant of this option until the date you seek to exercise it. For purposes of this Agreement, “Affiliate” means any parent corporation or subsidiary corporation of the Company, whether now or hereafter existing, as those terms are defined in Sections 424 of the Code. For purposes of this Agreement, your service shall be continuous for so long as you remains an employee or director of either the Company or any successor corporation or any Affiliate of the Company or any successor corporation. Any question as to whether and when there has been a termination of your Continuous Service, and the cause of such termination, shall be determined by the Committee, or its delegate, as appropriate, and its determination shall be final. You may also exercise any vested portion of your option for up to 90 days after termination of Continuous Service (but not later than the date on which this option would otherwise expire), except as follows:
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TERMINATION OF OFFICE OR EMPLOYMENT. If your status as an employee or officer of the Bank is terminated for any reason other than death or disability or cause, this option may be exercised within three (3) months from the date of such termination to the extent you were entitled to exercise the option on the date of termination, but in no event may this option be exercised after the expiration of the term of this option. If, however, you are removed from your office or your employment with the Bank is terminated for cause as defined in the Plan, this option shall expire at the time notice or advice of such removal or termination is dispatched by the Bank, and neither you nor your estate shall be entitled to exercise any option with respect to any Shares whatever, whether after termination of employment or officer status, you may receive payment from the Bank for vacation pay, for services render prior to termination, for services for the day of termination, for salary in lieu of other notice, or for other benefits.
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TERMINATION OF OFFICE OR EMPLOYMENT. Unless this option is a Director Option, if your status as an employee or officer of the Bank or is Affiliates (as such term is defined in the Plan) is terminated for any reason other than death, disability or cause, this option may be exercised within thirty (30) days from the date of such termination to the extent you were entitled to exercise the option on the date of termination, but in no event may this option be exercised after the expiration of the term of this option. If this option is a Director Option, then it may be exercised until the expiration of the term of this option, regardless of any termination of your status as an employee, officer or director of the Bank. If, however, you are removed from your office or your employment with the Bank or its Affiliates for cause, and notwithstanding anything else herein to the contrary, neither you nor your estate shall be entitled to exercise any option with respect to any Shares whatsoever after such removal or termination, unless the Board of Directors, in its sole discretion, determines otherwise.
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Related to TERMINATION OF OFFICE OR EMPLOYMENT

  • Termination and Termination Benefits Notwithstanding the provisions of Section 3, the Executive's employment under this Agreement shall terminate under the following circumstances set forth in this Section 6.

  • Term and Termination of Employment (a) This Agreement shall be effective as of the Effective Date.

  • Compensation and Benefits Upon Termination of Employment (a) If the Company shall terminate the Executive's employment after a Change in Control other than pursuant to Section 3(b), 3(c) or 3(d) and Section 3(f), or if the Executive shall terminate his employment for Good Reason, then the Company shall pay to the Executive, as severance compensation and in consideration of the Executive's adherence to the terms of Section 5 hereof, the following:

  • Effect of Termination of Employment The provisions of this Section 6 shall apply in the event of termination of Executive’s employment, pursuant to Section 5, or otherwise.

  • Effect of Termination of Service Except as otherwise provided in accordance with Section 4(b) above, if you cease to be a Service Provider, you will forfeit all unvested Units.

  • Severance Compensation upon Termination of Employment If the Company shall terminate the Executive’s employment other than pursuant to Section 5(a), (b) or (c) or if the Executive shall terminate his employment for Good Reason, then the Company shall pay to the Executive as severance pay in a lump sum, in cash, on the fifth day following the Date of Termination, an amount equal to three (3) times the average of the aggregate annual compensation paid to the Executive during the three (3) fiscal years of the Company immediately preceding the Change of Control by the Company subject to United States income taxes (or, such fewer number of fiscal years if the Executive has not been employed by the Company during each of the preceding three (3) fiscal years).

  • TERMINATION OF EMPLOYMENT; EFFECT OF TERMINATION (a) The Term of Employment may be terminated by the Company at any time:

  • Compensation Upon Termination of Employment If the Executive’s employment hereunder is terminated, in accordance with the provisions of Article III hereof, and except for any other rights or benefits specifically provided for herein to be effective following the Executive’s period of employment, the Company will provide compensation and benefits to the Executive only as follows:

  • Termination of Benefits Except as provided in Section 2 above or as may be required by law, Executive’s participation in all employee benefit (pension and welfare) and compensation plans of the Company shall cease as of the Termination Date. Nothing contained herein shall limit or otherwise impair Executive’s right to receive pension or similar benefit payments that are vested as of the Termination Date under any applicable tax-qualified pension or other plans, pursuant to the terms of the applicable plan.

  • Employment and Termination Neither the Plan, this Agreement nor any related documents, communications or other material shall give Employee the right to continued employment by BellSouth or by any Subsidiary or shall adversely affect the right of any such company to terminate Employee's employment with or without cause at any time.

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