Termination Prior to Vesting. If a teacher retires or otherwise terminates employment before satisfaction of the requirements by virtue of age and years of service in the Elkhart Community Schools, the terminated teacher’s VEBA account shall be forfeited. However, if a teacher who is otherwise qualified by virtue of age and years of experience dies, said teacher will be viewed as having vested in their VEBA.
Termination Prior to Vesting. If the Grantee’s Service with the Company (and its Subsidiaries) terminates for any reason during the Restricted Period, then the unvested portion (after giving effect to the Vesting described in paragraph 2.1(b) above, if applicable) of the Award will be forfeited on the date of such termination of Service, without any further obligation of the Company to the Grantee and all rights of the Grantee with respect to the unvested Restricted Stock shall terminate.
Termination Prior to Vesting. Pursuant to Section 2.5 of the Restricted Stock Unit Agreement, if Participant incurs a Termination of Service prior to the applicable vesting date, all RSUs that have not become vested on or prior to the date of such Termination of Service will thereupon be automatically forfeited by Participant without payment of any consideration therefor. By his or her signature and the Company’s signature below, Participant agrees to be bound by the terms and conditions of the Plan, the Restricted Stock Unit Agreement and this Grant Notice. Participant has reviewed the Restricted Stock Unit Agreement, the Plan and this Grant Notice in their entirety, has had an opportunity to obtain the advice of counsel prior to executing this Grant Notice and fully understands all provisions of this Grant Notice, the Restricted Stock Unit Agreement and the Plan. Participant hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the Administrator upon any questions arising under the Plan, this Grant Notice or the Restricted Stock Unit Agreement. By: By: Print Name: Print Name: Title:
Termination Prior to Vesting. 8.1 MHC shall have the right to terminate the Option and this Agreement by giving thirty (30) days' written notice of such termination to MAI. Upon the effective date of termination, the Option and this Agreement shall be of no further force and effect, except that each party shall be required to satisfy any obligations which shall have accrued under the provisions of this Agreement prior to such date of termination and which have not been satisfied, including but not limited to MHC's obligations under Section 8.3.
8.2 The Option and this Agreement shall terminate if MHC fails to give or be deemed to give MAI (i) the Second Year Election on or before the first anniversary of the date of this Agreement, (ii) the Third Year Election on or before the second anniversary of the date of this Agreement, or (iii) the Notice of Exercise within thirty (30) days following the third anniversary of this Agreement.
8.3 In the event of termination of the Option and this Agreement pursuant to this Article 8, MHC shall:
(a) make available to MAI at the site where located any and all reports, samples, drill cores and engineering data pertaining to the Property developed by MHC or its Affiliates in the course of conducting Mining Work not previously furnished to MAI;
(b) if requested by MAI, remove all materials, supplies and equipment of MHC from the Property; and
(c) perform or secure the performance of all reclamation and environmental rehabilitation work as may be required by Argentine law relating to disturbances caused by the performance of Mining Work on the Property by MHC (or its Affiliates) during the Option Period.
Termination Prior to Vesting. If an Employee's Service terminates prior to his earning any vested percentage, his Service prior to such termination shall be disregarded for vesting purposes in the event of a renewal of Service once the Participant has incurred 5 consecutive one-year Periods of Severance.
Termination Prior to Vesting. Notwithstanding Section 5, if the Participant ceases to be an Employee prior to a Vesting Date for any reason, any unvested Restricted Stock Units shall be forfeited by the Participant; provided, however, that such termination will not result in forfeiture, and the Restricted Stock Units instead will vest as of the date of the Participant’s termination from service, if the Participant’s status as an Employee is terminated involuntarily by the Company without Cause (as defined in that certain Employment Agreement between the Company and Participant, dated July 17, 2024 (the “Employment Agreement”)) or by the Participant for Good Reason (as defined in the Employment Agreement), subject to the release requirements set forth in Section 5(b) or 5(c) of the Employment Agreement, as applicable.
Termination Prior to Vesting. Except as otherwise provided in the Plan (i.e., upon death, Disability or a termination of service upon or following a Change of Control), if a Director ceases to be a member of the Board for any reason, the vesting of the Deferred Restricted Stock Units shall immediately cease and any unvested Deferred Restricted Stock Units shall be forfeited by Director. “Cause” for purposes of Section 19(a) of the Plan shall have the same meaning as “Act of Misconduct” as defined under Section 23(b)(i) of the Plan.
Termination Prior to Vesting. If the vested percentage applicable to a Participant's Employer Account is 0% at the time his service terminates his Service prior to such termination shall be disregarded for vesting purposes if he is reemployed after he has incurred 5 consecutive Breaks in Service.
