Termination of Service – Death or Disability. If your Service terminates because of your death or Disability, then your Option will expire at the close of business at Company headquarters on the date that is twelve (12) months after your Termination Date. If your Service terminates because of your death, then your estate or heirs may exercise the vested portion of your Option during this twelve (12) month period.
Termination of Service – Death or Disability. Notwithstanding Section 1.1(b) above, the following Section 1.1(c) shall apply in the event of the Participant’s Termination of Service due to death or Disability prior to the Service Vesting Date (an “Intervening Termination”). Upon such an Intervening Termination, all of the Company’s obligations and the Participant’s rights under this Agreement will remain in effect (except as otherwise provided herein), and a pro-rata amount of the PSUs awarded hereunder (“Outstanding PSUs”) shall be deemed to have satisfied the service-based vesting condition as of the occurrence of such Intervening Termination. With respect to the preceding sentence, such pro-rated amount of the Outstanding PSUs shall be based on the portion of the above three (3)-year TSR Performance Period during which the Participant was employed prior to such Intervening Termination (the “Prorated PSUs”), it being understood that the remaining portion of such Outstanding PSUs (i.e., that is not pro-rated pursuant to the above), shall be forfeited upon such Intervening Termination (and all of the Company’s obligations and the Participant’s rights under this Agreement with respect to such forfeited portion of the Outstanding PSUs shall immediately terminate). The Prorated PSUs shall remain outstanding and eligible to vest as of the last day of the TSR Performance Period based on the level achievement of the Financial Performance Goal Payout Percentage and the rTSR Modifier Percentage in accordance with the terms set forth above. The shares of Common Stock that are issuable and/or deliverable with respect to any Prorated PSUs that are earned and become Vested PSUs pursuant to the foregoing shall be issued and/or delivered to the Participant within two and a half (2.5) months following the last day of the TSR Performance Period; provided, however, that if the Participant violates the terms of Sections 11 through 14 of this Agreement, a non-disclosure agreement with, or other confidentiality obligation owed to, any Company Group Member prior to the issuance and/or delivery of shares of Common Stock with respect to such Vested PSUs, then all of the PSUs awarded hereunder (including any PSUs that become Vested PSUs) and all of the Company’s obligations and the Participant’s rights under this Agreement (with respect to the portion of the PSU Award relating to such Vested PSUs) shall immediately terminate. For purposes of this Agreement, “Disability” shall mean inability of the Participant to perform in a...
Termination of Service – Death or Disability. If you terminate employment due to death or Disability, the unvested portion of your Award will immediately vest in full and all restrictions applicable to your Award will cease as of that date.
Termination of Service – Death or Disability. (a) Except as may be otherwise expressly provided in this Agreement, this Option shall terminate as follows:
(i) Upon termination of the Optionee's employment with the Company for cause;
(ii) At the expiration of twelve (12) months from the date of the Optionee's resignation or termination of the Optionee's employment with the Company without cause, for any reason other than death; provided, that if the Optionee dies within such twelve-month period, subclause (iii) below shall apply, or
(iii) At the expiration of fifteen (15) months after the date of death of the Optionee.
Termination of Service – Death or Disability. If you terminate employment due to death or Disability, your Award will immediately vest and be payable as of such date based upon the Achievement Percentage (defined below) or, if the Achievement Percentage has not yet been determined, based upon the target performance level. Any date on which such accelerated vesting occurs is referred to in this Award Notice as an “Accelerated Vest Date”.
Termination of Service – Death or Disability. If the Grantee’s Service terminates as a result of the Grantee’s death or Disability, on each Vesting Date following such termination of Service, the Grantee shall vest in a number of Performance Units equal to the number of Performance Units subject to vesting on such Vesting Date, based upon the Company and VION Ingredient’s achievement of the Adjusted EBITDA goals as described in Section 2(a), multiplied by the Pro-Rata Fraction.
Termination of Service – Death or Disability. (a) Except as may be otherwise expressly provided in this Agreement, this Option shall terminate and any vested options at such termination shall no longer be exercisable as follows:
(i) Upon termination of the Optionee's employment with the Company for cause;
(ii) At the expiration of twelve (12) months from the date of the Optionee's resignation;
(iii) At the expiration of twelve (12) months from the date of Optionee's termination of the Optionee's employment with the Company without cause, for any reason other than death; provided, that if the Optionee dies within such twelve-month period, subclause (iv) below shall also apply; or
(iv) At the expiration of twelve (12) months after the date of death of the Optionee.
Termination of Service – Death or Disability. (a) Except as may be otherwise expressly provided in this Agreement, this Option shall terminate as follows:
(i) Upon termination of the Optionee's directorship with the Company for cause;
(ii) At the expiration of six (6) months from the date of the Optionee's resignation or termination of the Optionee's directorship with the Company without cause, for any reason other than death; provided, that if the Optionee dies within such six-month period, subclause (iii) below shall apply; or
(iii) At the expiration of fifteen (15) months after the date of death of the Optionee.
(b) This Option confers no right upon the Optionee with respect to the continuation of his directorship (or his position as an officer, director or other provider of services) with the Company or any parent or subsidiary of the Company, and shall not interfere with the right of the Company, or any parent or subsidiary Company, to terminate such relationship(s) at any time in accordance with law and any agreements then in force.
Termination of Service – Death or Disability. If Participant’s service as a member of the Board is terminated because of death or Disability, all unvested Shares held by the Participant at the time of such termination shall become immediately vested and the risks of forfeiture on such unvested Shares shall immediately lapse.
Termination of Service – Death or Disability. If you incur a Termination of Service due to death or Disability, the unvested portion of your Award will immediately vest in full and all restrictions applicable to your Award will cease as of that date. Dividends / Dividend Equivalent Rights You will have the right to receive dividends, if any, with respect to your Restricted Stock, regardless of vesting. Dividends will cease to be paid upon the forfeiture or sale of shares. Payment Upon each Vest Date, the shares of Restricted Stock that become vested will be released to you without restriction and recorded as income to you (valued at the Fair Market Value on the Vest Date).
