Termination Scenarios. Executive’s departure from the Company will be deemed one of the following: (a) For Cause; (b) due to Incapacitation; (c) Without Cause; (d) for Good Reason; (e) Voluntary; or (f) due to Death (which definition shall affect the payments to be made in accordance with Section 7):
Termination Scenarios. If you retire or voluntarily resign from the Company, then you will forfeit any unvested portion of the potential award amount. • If your employment is involuntarily terminated for any reason other than "cause," you will be vested in a pro-rated portion of your potential award amount based on the number of complete months you were employed with the Company during the retention period, less any previously paid portion of the potential award amount. • If your employment is terminated due to a “permanent disability” or death, you will be vested in a pro-rated portion of your potential award amount based on the number of complete months you were employed with the Company during the retention period, less any previously paid portion of the potential award amount. • If you experience a “separation from service” as a result of the dissolution or liquidation of Alpha Natural Resources, Inc. or your employer, any unvested portion of the total potential amount will vest immediately prior to such dissolution or liquidation event.
Termination Scenarios. Disability Participant will receive a pro-rata portion of accumulated shares for the relevant year in the performance cycle if Participant is disabled more than 26 weeks during such year. Section 3(a) Retirement If the termination occurs one or more years after the first day of the three-year performance cycle, Participant will receive any full years accumulated, and will receive a pro rata portion of the Performance Shares for the year in which termination occurs. Shares will be paid following certification after the end of the three-year performance cycle. Retirement is defined in the MJN Long-Term Incentive Plan. Section 3(b) Section 4(a) Death If the termination occurs one or more years after the first day of the three-year performance cycle, Participant will receive any full years accumulated, and will receive a pro rata portion of the Performance Shares for the year in which the termination occurs. Xxxxxx accumulated at death will be paid at death, and other shares will be paid as soon as possible based on when performance targets for a particular year are certified. Section 3(b) Section 4(b) By Participant with Good Reason Participant will receive any full years accumulated, and will receive a pro rata portion of the Performance Shares for the year in which the termination occurs. Shares will be paid following certification after the end of the three-year performance cycle. Good Reason is defined in Appendix A and generally refers to a material reduction in salary or job responsibilities or a material relocation. Section 3(c) Section 4(c)
Termination Scenarios
