Termination of Service for Other Reasons. If the Grantee’s service as a member of the Board of Directors of the Company is terminated by the Company or the Grantee under circumstances other than those outlined above in Sections 2.2, 2.3 or 2.4, the unvested RSUs shall immediately be forfeited as of the Date of Termination.
Termination of Service for Other Reasons. Unless otherwise stated herein, in the event the Participant’s service with the Company terminates for any reason before one hundred percent (100%) vesting pursuant to Paragraph 3, all of the unvested Restricted Stock Units the Participant holds at the time the Participant’s service terminates shall be forfeited to the Company.
Termination of Service for Other Reasons. In the event a Participant experiences a Termination of Service during the Performance Cycle by the Company for any reason other than those reasons set forth in Section 8, this entire Award shall be forfeited and no payment shall be made to the Participant under this Award Agreement.
Termination of Service for Other Reasons. If the employment of the Participant with the Company or its Subsidiaries shall terminate for any reason other than the reasons set forth in Section 6, all RSUs held by the Participant at the date of termination and still subject to the Period of Restriction shall be forfeited. All vested RSUs held by the Participant at the date of termination shall be paid as soon as administratively feasible in accordance with Section 3 herein.
Termination of Service for Other Reasons. All unvested shares of Restricted Stock shall be forfeited to and reacquired by the Company at no cost to the Company, automatically and immediately, upon a Termination Event with respect to such Participant if the Termination Event is as a result of: (i) non-election by the stockholder or stockholders of the Company and such Subsidiary, as applicable; (ii) failure of the Board and/or a Subsidiary Board, as applicable, to nominate the Participant for re-election at an annual meeting of stockholders of the Company or such Subsidiary, as applicable; or (iii) the Participant’s resignation, retirement or agreement not to stand for re-election at the request of the Board and/or a Subsidiary Board, as applicable, where the Participant is otherwise willing to continue serving in such capacity, including, but not limited to (A) inability of the Participant to fulfill the duties of a director due to inability to attend meetings for health reasons, (B) as a result of a request of a regulatory agency that the Participant cease serving on the Board and/or a Subsidiary Board, as applicable, subject to applicable law, and (C) a determination of the Board and/or a Subsidiary Board, as applicable, that continued service would create a conflict of interest for the Participant.
Termination of Service for Other Reasons. Upon termination of the Participant’s service as a Director prior to the Expiration Date for any reason other than death, disability, or retirement, then (I) all unvested Options shall expire and terminate upon the date of termination of service, and (II) all vested Options may be exercised by the Participant for a period of three (3) years after the date of termination of service or until the Expiration Date, whichever is sooner.
Termination of Service for Other Reasons. If the Participant’s service for the Company as a Director terminates for any reason other than retirement in accordance with §3.2, death, or Total Disability, then the Participant’s Accumulations shall be paid, beginning as soon as administratively practicable, to the Participant as a monthly benefit payable for 60 months, computed under one of the alternative methods provided for retirement benefits under §3.2, as selected by SAP&C in its sole discretion.
Termination of Service for Other Reasons. All unvested shares of Restricted Stock shall become fully vested if the Participant’s service as a director on the Board and/or Bank Board, as applicable, is terminated by reason of: (i) non-election by the stockholder or stockholders of the Company and/or Bank, as applicable; (ii) failure of the Board and/or Bank Board, as applicable, to nominate the Participant for re-election at an annual meeting of 94849053.8 Exhibit 10.3 stockholders of the Company or Bank, as applicable; (iii) the Participant’s resignation or agreement not to stand for re-election at the request of the Board and/or Bank Board, as applicable, where the Participant is otherwise willing to continue serving in such capacity, including, but not limited to (A) inability of the Participant to fulfill the duties of a director due to inability to attend meetings for health reasons, (B) as a result of a request of a regulatory agency that the Participant cease serving on the Board and/or Bank Board, as applicable, subject to applicable law, and (C) a determination of the Board and/or Bank Board, as applicable, that continued service would create a conflict of interest for the Participant.
Termination of Service for Other Reasons. If the employment of the Participant with the Company or its Subsidiaries shall terminate for any reason other than the reasons set forth in Section 4, the shares covered by this Stock Option not yet vested as of the date of termination shall be forfeited. All shares covered by this Stock Option vested as of the date of termination shall remain exercisable at any time prior to their expiration date, or for three (3) months after the effective date of termination, whichever period is shorter; provided, however, that in the event of a Termination of Service for Cause, all shares covered by this Stock Option shall terminate immediately.
Termination of Service for Other Reasons. Upon termination of the Participant’s service as a Director for any reason, other than death, disability, [or retirement,] all unvested shares of Restricted Stock will be forfeited to and reacquired by the Company at no cost to the Company, automatically and immediately.
