Termination of SARs. The SARs hereby granted shall terminate and be of no force and effect with respect to any shares of Common Stock not previously acquired by Xxxxx on the tenth (10th) anniversary of the Grant Date.
Termination of SARs. The SARs shall terminate upon the earliest to occur of the following:
(a) 90 days after the Grantee ceases to retain Continuous Status as an Employee or Consultant other than upon the Grantee’s death or Disability or Retirement;
(b) 180 days after the Grantee ceases to retain Continuous Status as an Employee or Consultant as a result of the Grantee’s Disability;
(c) One year after the Grantee ceases to retain Continuous Status as an Employee or Consultant as a result of the Grantee’s death; and
(d) Five years from the Grant Date.
Termination of SARs. Both exercisable and nonexercisable SARs shall terminate, as provided below, after the end of the earliest to occur of the following periods:
(a) 90 days after the Grantee ceases to be an employee of the Company or a Subsidiary, unless the Grantee ceases to be such employee in a manner described in clause (b), (c), (d) or (e) of this Section;
(b) One year after the Grantee’s becoming Disabled, if the Grantee becomes Disabled while continuously employed by the Company or a Subsidiary;
(c) One year after the death of the Grantee, if the Grantee dies while continuously employed by the Company or a Subsidiary or within the period specified in clause (b) above or clause (d) below if applicable to the Grantee;
(d) One year after the Grantee retires from continuous employment with the Company or a Subsidiary if (i) the Grantee is at the time of such retirement at least age 62, or (ii) when the Grantee retires, the Grantee’s age, plus full years of continuous employment by the Company or any of its Subsidiaries, equals 75;
(e) One year after the Grantee ceases to be an employee of the Successor under the conditions specified in Section 3(d) of this Agreement; and
(f) Ten years from the Date of Grant.
Termination of SARs. Both exercisable and nonexercisable SARs shall terminate, as provided below, upon the earliest to occur of the following:
(a) five days after Participant ceases to be an employee of Corporation or a Subsidiary due to involuntary termination by Corporation or a Subsidiary for cause;
(b) 30 days after Participant ceases to be an employee of Corporation or a Subsidiary, unless Participant ceases to be such employee in a manner described in clause (a), (c), (d) or (e) of this Section;
(c) One year after Participant’s Disability, if Participant’s Disability occurs while continuously employed by Corporation or a Subsidiary;
(d) One year after the death of Participant, if Participant dies while continuously employed by Corporation or a Subsidiary or within the period specified in clause (b) above or clause (e) below if applicable to Participant;
(e) Ten years from the Grant Date if Participant terminates employment for any reason other than involuntary termination by Corporation or a Subsidiary for cause and has attained age 55 and completed five years of service upon the termination date,; and
(f) Ten years from the Grant Date.
Termination of SARs. Except as otherwise provided herein, the SARs shall terminate on the earliest to occur of the following:
(a) The Expiration Date.
(b) The 91st day after termination of the Participant’s Employment for any reason other than one specified in (c) or (d) below.
(c) The 366th day after termination of the Participant’s Employment as a result of the Participant’s death or Disability, Retirement or redundancy that is approved by the Committee for this purpose.
(d) Termination of the Participant’s Employment by the Company or the Employer for Cause.
Termination of SARs. The SARs hereby granted shall terminate and be of no force or effect upon the happening of the first to occur of the following events:
(a) expiration of three (3) months after the date of termination of the Grantee's service as a director of the Company for any reason other than the death of the Grantee;
(b) expiration of twelve (12) months after the death of the Grantee while serving as a director of the Company;
(c) occurrence of any event described in paragraph 10 hereof that causes a termination of the SARs; or
(d) the close of business on the seventh anniversary of the date of this Agreement. Any SARs that may be exercised for a period following termination of the Grantee's service as a director may be exercised only to the extent such SARs were vested immediately before such termination and in no event after the SARs would expire by their terms without regard to such termination.
Termination of SARs. Except as otherwise provided in this Agreement, the SARs shall terminate prior to the Expiration Date as follows:
(a) In the event that Participant dies while employed, or Participant’s employment is terminated upon the Company’s determination that Participant is disabled under the Company’s long term disability policy (the “Death/Disability Termination Date”), any unvested portion of the SARs shall expire on the Death/Disability Termination Date and all or any vested portion of the SARs not previously exercised (including the portion vested by reason of Section 3(b) above) may be exercised by Participant or Participant’s estate or legal representative during the twelve (12) months after the Death/Disability Termination Date, but not later than the Expiration Date. Any portion of the SARs not exercised during such period shall expire at the end of such period.
(b) In the event that Participant’s employment is terminated for “Cause” as defined in Section 3 above, any portion of the SARs not exercised prior to the date of such termination of employment shall terminate as of the date of such termination.
(c) In the event that Participant’s employment is terminated for any reason other than death, disability or Cause, any unvested portion of the SARs shall expire on the date of such termination of employment and all or any vested portion of the SARs not previously exercised may be exercised by Participant during the one (1) month after the date of Participant’s termination of employment, but not later than the Expiration Date. Any portion of the SARs not exercised during such period shall expire at the end of such period.
Termination of SARs. You agree that effective as of the Effective Date, you hereby irrevocably forfeit and cancel all of your rights to (A) the 37,500 SARs previously granted to you on January 29, 2015 pursuant to the Notice of Stock Appreciation Right Grant between you and CommerceHub in connection therewith (the “2015 SARs Agreement”) that would have vested on January 29, 2017 had you remained an employee as of such date, (B) the 37,500 SARs previously granted to you pursuant to the 2015 SARs Agreement that would have vested on January 29, 2018 had you remained an employee as of such date and (C) the 37,500 SARs previously granted to you pursuant to the 2015 SARs Agreement that would have vested on January 29, 2019 had you remained an employee as of such date (the total sum of 112,500 SARs described in (A), (B) and (C), the “Forfeited SARs”), and such Forfeited SARs, and all of your rights thereto, will hereby be terminated. For the avoidance of doubt, the termination of the Forfeited SARs described in this paragraph constitutes an amendment to the 2015 SARs Agreement.
Termination of SARs. Both exercisable and nonexercisable SARs shall terminate, as provided below, upon the earliest to occur of the following:
(a) five days after Participant ceases to be an employee of Corporation or a Subsidiary due to involuntary termination by Corporation or a Subsidiary for cause;
(b) One year after the death of Participant; and
(c) Ten years from the Grant Date.
Termination of SARs. An SAR may be terminated as follows:
(a) During the period of continuous employment with the Company, Parent or Subsidiary, an SAR will be terminated only if it has been fully exercised or it has expired by its terms.
(b) Upon termination of employment, the SAR will terminate upon the earliest of (i) the full exercise of the SAR, (ii) the expiration of the SAR by its terms and (iii) not more than three months following the date of employment termination; provided, however, should termination of employment (A) result from the death or Permanent and Total Disability of the Grantee, the period referenced in clause (iii) hereof shall be one year or (B) be for Cause, the SAR will terminate on the date of employment termination. For purposes of the Plan, a leave of absence approved by the Company shall not be deemed to be termination of employment unless otherwise provided in the Agreement or by the Company on the date of the leave of absence.
(c) Subject to the terms of the Agreement with the Grantee, if a Grantee shall die or become subject to a Permanent and Total Disability prior to the termination of employment with the Company, Parent or Subsidiary and prior to the termination of an SAR, such SAR may be exercised to the extent that the Grantee shall have been entitled to exercise it at the time of death or disability, as the case may be, by the Grantee, the estate of the Grantee or the person or persons to whom the SAR may have been transferred by will or by the laws of descent and distribution.
(d) Except as otherwise expressly provided in the Award Agreement with the Grantee, in no event will the continuation of the exercise period of an SAR beyond the date of termination of employment allow the Employee, or the Employee’s beneficiaries or heirs, to accrue additional rights under the Plan, have additional SARs available for exercise, or receive a higher benefit than the benefit payable as if the SAR had been exercised on the date of employment termination.