Termination on Death. If the Employee shall die during the Term, the employment of the Employee shall thereupon terminate. On the Date of Termination (as defined in Section 9(b)) pursuant to this Section 7(d), the Company shall pay to the Employee's estate the payments and other benefits applicable to termination without Cause set forth in Section 7(b) hereof. In addition, on termination of the Employee under this Section 7(d), all of the Employee's outstanding but unvested Options and other options and rights relating to capital stock of the Company shall immediately vest and become exercisable, and all shares of the Employee's Restricted Stock shall immediately become unrestricted and freely transferable. The term of any such options and rights shall be extended to the third anniversary of the Employee's termination. The provisions of this Section 7(d) shall not affect the entitlements of the Employee's heirs, executors, administrators, legatees, beneficiaries or assigns under any employee benefit plan, fund or program of the Company.
Appears in 3 contracts
Samples: Employment Agreement (Waste Connections Inc/De), Employment Agreement (Waste Connections Inc/De), Employment Agreement (Waste Connections Inc/De)
Termination on Death. If the Employee shall die during the Term, the employment of the Employee shall thereupon terminate. On the Date of Termination (as defined in Section 9(b)) pursuant to this Section 7(d)7.4, the Company shall pay to the Employee's estate the payments and other benefits applicable to termination without Cause set forth in Section 7(b) 7.2 hereof, other than those related to career counseling and resume development. In addition, on termination of the Employee under this Section 7(d)7.4, all of the Employee's outstanding but unvested Options and other options and rights relating to capital stock of the Company shall immediately vest and become exercisable, and all RSUs and shares of the EmployeeCompany's Restricted Stock restricted stock issued to the Employee shall immediately vest and become unrestricted and freely transferable. The term of any such options and rights shall be extended to the third first anniversary of the Employee's termination. The provisions of this Section 7(d) 7.4 shall not affect the entitlements of the Employee's heirs, executors, administrators, legatees, beneficiaries or assigns under any employee benefit plan, fund or program of the Company.
Appears in 3 contracts
Samples: Employment Agreement (Waste Connections, Inc.), Employment Agreement (Waste Connections Inc/De), Employment Agreement (Waste Connections Inc/De)
Termination on Death. If the Employee shall die during the Term, the employment of the Employee shall thereupon terminate. On the Date of Termination (as defined in Section 9(bSECTION 13(B)) pursuant to this Section 7(dSECTION 11(D), the Company shall pay to the Employee's estate the payments and other benefits applicable to termination without Cause set forth in Section 7(bclauses (i), (ii) and (iii) of SECTION 11(B) hereof. In addition, on termination of the Employee under this Section 7(dSECTION 11(D), all of the Employee's outstanding but unvested Options and other options options, warrants and rights relating to capital stock of the Company shall immediately vest and become exercisable, and all shares of the Employee's Restricted Stock shall immediately become unrestricted and freely transferable. The term of any such options (including the Options), warrants and rights shall be extended to the third fifth anniversary of the Employee's termination. The provisions of this Section 7(dSECTION 11(D) shall not affect the entitlements of the Employee's heirs, executors, administrators, legatees, beneficiaries or assigns under any employee benefit plan, fund or program of the Company.
Appears in 3 contracts
Samples: Employment Agreement (General Devices Inc), Employment Agreement (General Devices Inc), Employment Agreement (General Devices Inc)
Termination on Death. If the Employee shall die during the Term, the employment of the Employee shall thereupon terminate. On the Date of Termination (as defined in Section 9(b)) pursuant to this Section 7(d), the Company shall pay to the Employee's ’s estate the payments and other benefits applicable to termination without Cause set forth in Section 7(b) hereof. In addition, on termination of the Employee under this Section 7(d), all of the Employee's ’s outstanding but unvested Options and other options and rights relating to capital stock of the Company shall immediately vest and become exercisable, and all shares of the Employee's ’s Restricted Stock shall immediately become unrestricted and freely transferable. The term of any such options and rights shall be extended to the third anniversary of the Employee's ’s termination. The provisions of this Section 7(d) shall not affect the entitlements of the Employee's ’s heirs, executors, administrators, legatees, beneficiaries or assigns under any employee benefit plan, fund or program of the Company.
Appears in 2 contracts
Samples: Employment Agreement (Waste Connections Inc/De), Employment Agreement (Waste Connections Inc/De)
Termination on Death. If the Employee shall die during the Term, the employment of the Employee shall thereupon terminate. On the Date of Termination (as defined in Section 9(b)) pursuant to this Section 7(d), the Company shall pay to the Employee's estate the payments and other benefits applicable to termination without Cause set forth in Section 7(b) hereof. In addition, if not previously paid, the contract signing bonus payable pursuant to Section 4(a) (3) shall become immediately due and payable on termination of the Employee under this Section 7(d), all of the Employee's outstanding but unvested Options and other options and rights relating to capital stock of the Company shall immediately vest and become exercisable, and all shares of the Employee's Restricted Stock shall immediately become unrestricted and freely transferable. The term of any such Options and other options and rights shall be extended to the third anniversary of the Employee's termination. The provisions of this Section 7(d) shall not affect the entitlements of the Employee's heirs, executors, administrators, legatees, beneficiaries or assigns under any employee benefit plan, fund or program of the Company.
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Termination on Death. If the Employee shall die during the Term, the employment of the Employee shall thereupon terminate. On the Date of Termination (as defined in Section 9(b)) pursuant to this Section 7(d), the Company shall pay to the Employee's ’s estate the payments and other benefits applicable to termination without Cause set forth in Section 7(b) hereof. In addition, on termination of the Employee under this Section 7(d), all of the Employee's ’s outstanding but unvested Options and other options and rights relating to capital stock of the Company shall immediately vest and become exercisable, and all shares of the Employee's ’s Restricted Stock shall immediately become unrestricted and freely transferable. The term of any such options and rights shall be extended to the third anniversary of the Employee's ’s termination. The provisions of this Section 7(d) shall sha ll not affect the entitlements of the Employee's ’s heirs, executors, administrators, legatees, beneficiaries or assigns under any employee benefit plan, fund or program of the Company.
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Termination on Death. If the Employee shall die during the Term, the employment of the Employee shall thereupon terminate. On the Date of Termination (as defined in Section 9(b)) pursuant to this Section 7(d)7.4, the Company shall pay to the Employee's ’s estate the payments and other benefits applicable to termination without Cause set forth in Section 7(b) 7.2 hereof, other than those related to career counseling and resume development. In addition, on termination of the Employee under this Section 7(d)7.4, all of the Employee's ’s outstanding but unvested Options and other options and rights relating to capital stock of the Company shall immediately vest and become exercisable, and all RSUs and shares of the Employee's Restricted Stock Company’s restricted stock issued to the Employee shall immediately vest and become unrestricted and freely transferable. The term of any such options and rights shall be extended to the third first anniversary of the Employee's ’s termination. The provisions of this Section 7(d) 7.4 shall not affect the entitlements of the Employee's ’s heirs, executors, administrators, legatees, beneficiaries or assigns under any employee benefit plan, fund or program of the Company. If permitted by applicable law and the terms of the applicable equity plans, such payments, options and rights shall be paid to the Mxxxxxx Xxxxxxx Family Trust.
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Termination on Death. If the Employee shall die during the Term, the employment of the Employee shall thereupon terminate. On the Date of Termination (as defined in Section 9(b)) pursuant to this Section 7(d), the Company shall pay to the Employee's estate the payments and other benefits applicable to termination without Cause set forth in Section 7(b) hereof. In addition, on termination of the Employee under this Section 7(d), all of the Employee's outstanding but unvested Options and other options and rights relating to capital stock of the Company shall immediately vest and become exercisable, and all shares of the Employee's Restricted Stock shall immediately become unrestricted and freely transferable. The term of any such options and rights (together with all vested options and rights) shall be extended to the third anniversary of the Employee's termination. The provisions of this Section 7(d) shall not affect the entitlements of the Employee's heirs, executors, administrators, legatees, beneficiaries or assigns under any employee benefit plan, fund or program of the Company.
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Termination on Death. If the Employee shall die during the Term, the employment of the Employee shall thereupon terminate. On the Date of Termination (as defined in Section 9(b)) pursuant to this Section 7(d)7.4, the Company shall pay to the Employee's ’s estate the payments and other benefits applicable to termination without Cause set forth in Section 7(b) 7.2 hereof, other than those related to career counseling and resume development. In addition, on termination of the Employee under this Section 7(d)7.4, all of the Employee's ’s outstanding but unvested Options and other options and rights relating to capital stock of the Company shall immediately vest and become exercisable, and all RSUs and shares of the Employee's Restricted Stock Company’s restricted stock issued to the Employee shall immediately vest and become unrestricted and freely transferable. The term of any such options and rights shall be extended to the third first anniversary of the Employee's ’s termination. The provisions of this Section 7(d) 7.4 shall not affect the entitlements of the Employee's ’s heirs, executors, administrators, legatees, beneficiaries or assigns under any employee benefit plan, fund or program of the Company.
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Termination on Death. If the Employee shall die during the Term, the employment of the Employee shall thereupon terminate. On the Date of Termination (as defined in Section 9(b8(b)) pursuant to this Section 7(d), the Company shall pay to the Employee's estate the payments and other benefits applicable to termination without Cause set forth in Section 7(b) hereof. In addition, on termination of the Employee under this Section 7(d), all of the Employee's outstanding but unvested Options and other warrants, options and rights relating to capital stock of the Company shall immediately vest and become exercisable, and all shares of the Employee's Restricted Stock shall immediately become unrestricted and freely transferable. The term of any such warrants, options and rights shall be extended to the third anniversary of the Employee's termination. The provisions of this Section 7(d) shall not affect the entitlements of the Employee's heirs, executors, administrators, legatees, beneficiaries or assigns under any employee benefit plan, fund or program of the Company.
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