Transfer and Termination. This Option is not transferable by the Holder otherwise than by will or under the laws of descent and distribution. This Option is exercisable, during the Holder's lifetime, only by the Holder, and by the Holder only while the Holder is providing services to the Company, except that if the Holder's services with the Company terminates for any reason other than death, Disability (as defined in the Plan), Normal Retirement (as defined in the Plan) or for Cause, the Holder shall have the right to exercise this Option within thirty (30) days after the date of such termination of services (but not later than the expiration date of this Option) with respect to shares which were purchasable by the Holder by exercise of this Option at the time of said termination of services.
Transfer and Termination. This option is not transferable by the Holder otherwise than by will or under the laws of descent and distribution. The granting of this option shall not impose upon the Company any obligation to employ or to continue to employ the Holder. The right of the Company to terminate the employment of the Holder shall not be diminished or affected by reason of the fact that this option has been granted to such Holder. This Option is exercisable, during the Holder's lifetime, only by the Holder, and by the Holder only while the Holder is an employee of the Company, except that if the Holder's employment by the Company terminates for any reason other than death, Disability (as defined in the Plan) or for Cause, the Holder shall have the right to exercise this Option within thirty (30) days after the date of such termination of employment (but not later than the expiration date of this Option) with respect to shares which were purchasable by the Holder by exercise of this Option at the time of said termination of employment.
Transfer and Termination. Sick leave is provided by the County in the nature of insurance against loss of income due to illness.
(a) Xxxx leave shall not accrue during any period of leave of absence without pay.
(b) When an employee is transferred or appointed to another department or office, sick leave credit shall remain in effect.
(c) Compensation for accrued sick leave will be allowed for an employee when separated from County service as provided in Article 12, Section 3 of the Agreement. Employees hired on or after July I, 202 l shall not be compensated for accrued sick leave upon separation from County employment.
Transfer and Termination. Optionee may not sell, pledge, assign, hypothecate, transfer, or otherwise dispose of all or any portion of the Option other than by will or the laws of descent and distribution.
Transfer and Termination. This license will automatically terminate upon the disassembly of the system cited above, unless the system is reassembled in its original configuration in another location.
Transfer and Termination. This option is not transferable by the Holder otherwise than by will or the laws of descent and distribution, unless approved by the Company in writing. In the event the Holder's employment, directorship or consultancy is terminated by the Company for Cause (as defined below), the Participant's right to exercise any unexercised portion of the Option shall cease immediately as of the date of termination, and the Option shall thereupon terminate. For purposes of this Agreement, the term Cause means (i) the conviction of the Holder of any felony involving moral turpitude, (ii) any acts of fraud or embezzlement by the Holder involving the Company or any of its Affiliates, 2 (iii) violation of any federal, state or local law, or administrative regulation related to the business of the Company, (iv) breach of fiduciary duty, including, but not limited to, conflict of interest, (v) conduct that could result in publicity reflecting unfavorably on the Company in a material way, or (vi) failure to comply with any written policies of the Company. Notwithstanding anything herein to the contrary, if subsequent to the Participant's termination, but prior to the exercise of the Option, the Board of Directors of the Company determines that, either prior or subsequent to the Holder's termination, the Holder engaged in conduct which would constitute Cause, then the Holder shall immediately cease to have any right to exercise the Option and the Option shall thereupon terminate.
Transfer and Termination. This option is not transferable by the Holder otherwise than by will or the laws of descent and distribution. This option shall terminate on the earliest to occur of:
(a) the Expiration Date;
(b) ninety (90) days after the date of termination of the Holder's employment with the Company (other than as a result of death or permanent and total disability of the Holder);
(c) six (6) months after the date of termination of the Holder's employment with the Company as a result of the disability of the Holder. A Holder is disabled if he is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment; disability shall be determined in accordance with Section 22(c)(3) of the Code and the regulations issued thereunder; or
(d) twelve (12) months after the date of termination of the Holder's employment with the Company as a result of death. In the event of the termination of a Holder's employment with the Company (other than as a result of death or disability of the Holder) this option shall be exercisable during the ninety-day post-termination period described above only to the extent that it was exercisable at the time of such termination of employment. In the event of the termination of the Holder's employment with the Company as a result of the disability of a Holder, this option shall be exercisable during the six-month post-termination period referred to above only to the extent that it was exercisable at the time of such termination of employment. In the event of the termination of the Holder's employment with the Company as a result of the death of the Holder, the Holder's executor, administrator or any person or persons to whom this option may be transferred by will or by laws of descent and distribution shall have the right at any time during the twelve-month post-termination period referred to above to exercise this option, but only to the extent the Holder was entitled to exercise this option at the time of such termination of employment. An employment relationship between the Company and the Holder shall be deemed to exist during any period in which the Holder is employed in any capacity by the Company, by any current or former subsidiary of the Company or any corporate affiliate or successor of the Company or its current or former subsidiaries. Whether authorized leave of absence or absence on military or government service shall constitute termination of the employment relationship between the...
Transfer and Termination. (a) An hourly employee transferred to salary will be eligible in accordance with Article 13 for a salaried vacation based on Company service if the employee has not received a payment in lieu of vacation during the current year.
(b) If a salaried employee is laid off, separated for a leave of absence for military service, or retires or dies, the employee or the estate in the case of death, will receive any unused vacation credit, including that accrued in the current calendar year, provided however, that a salaried employee laid off for a short period of time of known duration or temporarily separated will not automatically receive any unused or accrued vacation credits at the time of layoff or temporary separation. In the event the duration of such layoff or temporary separation becomes indefinite, the employee will receive any unused or accrued vacation credits. A recalled employee who received accrued vacation credits at time of layoff or temporary separation or subsequently during layoff or temporary separation for the current calendar year will have such credits deducted from the employee's salaried vacation or hourly payment in lieu of vacation for the following year.
(c) If a salaried employee is otherwise separated from employment, or is transferred to an hourly-rated job, the employee will receive any unused vacation credit only as of the preceding January 1 and will not be eligible for an hourly payment in lieu of vacation in the current calendar year.
(d) An employee returning from a leave of absence, who has not worked in the current calendar year, shall not be eligible for vacation accrued in the previous calendar year until the employee has returned to work for thirty (30) calendar days following expiration of the leave of absence or is subsequently laid off, whichever occurs sooner. If there are less than sixty (60) calendar days before the expiration of the current calendar year, the employee shall be eligible for vacation accrued in the previous calendar year upon working one-half (1/2) of the working days which remain in the year.
Transfer and Termination. 16.1 The Recipient may not assign or otherwise transfer any of its rights and obligations under this Agreement or sub-contract performance of its obligations without the prior written agreement of KCC.
16.2 The Recipient must repay any unspent Capital Grant to KCC by the End Date.
16.3 Termination of this Agreement irrespective of the way in which it occurs shall be without prejudice to its rights and obligations arising or arising from events occurring prior to termination.
16.4 In the event of a breach of any of the conditions contained in this Agreement by the Recipient, KCC shall be entitled to serve notice of the breach or breaches to the Recipient. If the breach or breaches are not remedied within a reasonable time, outlined in the notice, or if the breach cannot be remedied, KCC shall be entitled to terminate this Agreement and the Recipient agrees to repay in full within 14 days of demand the amount of any Capital Grant paid to the Recipient.
Transfer and Termination. Both parties may transfer this Agreement only with the prior written consent of the other party. Such approval cannot be refused without reasonable justification. However, both parties may, without approval, transfer this agreement to a related undertaking at any time. Either party may terminate this agreement with one month's written notice.
