Termination Upon Termination of Employment Sample Clauses

Termination Upon Termination of Employment. Except as otherwise provided in Section 8 of the Plan, the Options shall terminate immediately upon the Optionee's ceasing to be a full-time employee of the Company.
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Termination Upon Termination of Employment. Except in circumstances and to the extent specified in the following sentence or the Plan, the Performance Option shall terminate immediately upon the Employee's ceasing to be a full-time employee of, a director of or a consultant to the Corporation or any of its subsidiaries. The time at which a vested Performance Option shall terminate shall be the earliest to occur of (x) the Expiration Date, or (y) the following dates:
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Termination Upon Termination of Employment. Except in circumstances and to the extent specified in the following sentence, the Plan or the Stockholders' Agreement, the Performance Options shall terminate immediately upon the Employee's ceasing to be a full-time employee of, a director of or a consultant to the Corporation or any of its subsidiaries. The time at which a vested Performance Option shall terminate shall be the earliest to occur of (x) the Expiration Date, (y) the close of business on the date on which the Employee exercises a "Put Right" pursuant to the Stockholders' Agreement with respect to any Shares or Options owned by him or her and (z) the following dates:
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Termination Upon Termination of Employment. The duration of the Additional Options shall be subject to the limitations set forth in the second sentence set forth in Section 8 of the Plan.
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Termination Upon Termination of Employment. (a) If the Optionee's employment with the Corporation or its subsidiaries terminates for Cause (as defined in Section 7(c) of the Employment Agreement), the Option shall immediately terminate.
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Termination Upon Termination of Employment. Following the Effective Time, and except as otherwise provided below, upon the effective date of any termination of this Agreement (other than pursuant to Paragraph 7(a) above) or any actual termination of Officer’s employment with FCB under this Agreement for any reason, the provisions of this Agreement, with the exception of FCB’s obligations, if any, for the payments described under Paragraph 6 above, and Officer’s obligations and agreements under Paragraph 8 below, likewise shall terminate and be of no further force or effect.
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Related to Termination Upon Termination of Employment

  • Compensation Upon Termination of Employment If the Executive’s employment hereunder is terminated, in accordance with the provisions of Article III hereof, and except for any other rights or benefits specifically provided for herein to be effective following the Executive’s period of employment, the Company will provide compensation and benefits to the Executive only as follows:

  • Benefits Upon Termination of Employment If the Executive is entitled to benefits pursuant to this Section 2, the Company agrees to pay or provide to the Executive as severance payment, the following:

  • Payments Upon Termination of Employment (a) If Executive's employment with the Company is terminated by reason of:

  • Rights Upon Termination of Employment The terms which regulate the treatment of the International Participant's Restricted Stock Units upon termination of employment are set out in the Plan and in the Award Documents. In summary, upon the International Participant's termination of employment for any reason other than death, Disability or Retirement, any unvested Restricted Stock Units shall be forfeited and cancelled on the date of such termination of employment.

  • Severance Compensation upon Termination of Employment If the Company shall terminate the Executive’s employment other than pursuant to Section 5(a), (b) or (c) or if the Executive shall terminate his employment for Good Reason, then the Company shall pay to the Executive as severance pay in a lump sum, in cash, on the fifth day following the Date of Termination, an amount equal to three (3) times the average of the aggregate annual compensation paid to the Executive during the three (3) fiscal years of the Company immediately preceding the Change of Control by the Company subject to United States income taxes (or, such fewer number of fiscal years if the Executive has not been employed by the Company during each of the preceding three (3) fiscal years).

  • Term; Termination of Employment The term of this Agreement (the “Term”) begins on the Effective Date and will end, along with Executive’s employment with the Company, on the earliest to occur of the following events.

  • Voluntary Termination of Employment If during the Employment Term, Executive terminates his employment under circumstances other than those specified elsewhere in this Section 8, Executive shall be entitled to the payments and benefits specified in Section 8(a).

  • Other Termination of Employment In the event of your voluntary termination (other than a Retirement subject to Section 2(c) or a Qualifying Termination subject to Section 2(f)), or termination by the Company or a subsidiary of the Company for misconduct or other conduct deemed by the Company to be detrimental to the interests of the Company or a subsidiary of the Company, you shall forfeit all unvested RSUs on the date of termination.

  • Involuntary Termination of Employment If the Executive exercises his withdrawal rights pursuant to Subsection 2.2, and the Executive's employment with the Bank is involuntarily terminated for any reason including termination due to disability of the Executive, but excluding termination for Cause, or termination following a Change in Control, within thirty (30) days of such involuntary termination of employment, the Bank shall be required to record a final Phantom Contribution in an amount equal to: (i) the full Phantom Contribution required for the Plan Year in which such involuntary termination occurs, if not yet made, plus (ii) the present value (computed using a discount rate equal to the Interest Factor) of all remaining Phantom Contributions.

  • Compensation and Benefits Upon Termination of Employment (a) If the Company shall terminate the Executive's employment after a Change in Control other than pursuant to Section 3(b), 3(c) or 3(d) and Section 3(f), or if the Executive shall terminate his employment for Good Reason, then the Company shall pay to the Executive, as severance compensation and in consideration of the Executive's adherence to the terms of Section 5 hereof, the following:

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