Treatment on Termination. (a) Subject to clauses (b) – (d) below, if the Participant incurs a Termination prior to the Regular Vesting Date (as defined on Exhibit A), (i) the Participant’s Performance Share Units shall cease vesting and (ii) the Participant shall forfeit all unvested Performance Share Units to the Company for no consideration as of the Termination Date.
Treatment on Termination. (a) Subject to clauses (b) – (d) below, if the Participant incurs a Termination prior to the Vesting Date, (i) the Participant’s Restricted Stock Units shall cease vesting and (ii) the Participant shall forfeit all unvested Restricted Stock Units to the Company for no consideration as of the Termination Date.
Treatment on Termination. (a) Subject to clauses (b) – (d) below, if the Participant incurs a Termination, the Participant shall forfeit the Unvested Portion of the Option to the Company for no consideration as of the Termination Date and the Vested Portion of the Option shall remain exercisable for the period set forth in Section 5.
Treatment on Termination. (a) Subject to clauses (b) – (d) below, if the Participant incurs a Termination prior to the Regular Vesting Date (as defined on Exhibit A), (i) the Participant’s Performance Share Units shall cease vesting and (ii) the Participant shall forfeit all unvested Performance Share Units to the Company for no consideration as of the Termination Date. Notwithstanding anything to the contrary in the foregoing, in the event a Participant incurs a Termination of Employment and such Participant continues to provide services to the Company, or any of its Affiliates or Subsidiaries in a non-employee capacity pursuant to a written consulting or similar agreement (a “Consulting Agreement”) with the Company or any of its Affiliates or Subsidiaries expressly providing for continued vesting through the earlier of (x) the duration of such post-employment period or (y) the [vesting date], subject to the Participant’s execution, delivery, and non-revocation of a waiver and release of claims in favor of the Company and its Affiliates and Subsidiaries in a form prescribed by the Company on or prior to the 60th day following the Termination Date, then the Participant, solely for purposes of this Section 6(a), shall be deemed not to have incurred a Termination (solely for vesting purposes) until the date the Participant ceases to provide services pursuant to such Consulting Agreement, such that the Participant shall not forfeit any unvested Performance Share Units as of the Participant’s Termination of Employment and the Participant shall continue to be eligible to vest in the Participant’s Performance Share Units with respect to any Regular Vesting Date that occurs during the period in which the Participant provides services pursuant to such Consulting Agreement.
Treatment on Termination. Upon termination of this Agreement by either party for any reason whatsoever, each party shall forthwith return to the other party all material constituting or containing Confidential Information of the other party, in a format that is usable or capable of conversion to a usable format, and no party thereafter shall use, appropriate, or reproduce such information or disclose such information to any third party. All costs of converting Confidential Information to a format useable by the recipient shall be borne by the recipient.
Treatment on Termination. Except to the extent that the terms of a written agreement signed by the Grantee would produce a more favorable result for the Grantee, if the Grantee’s Continuous Service terminates, the following terms shall apply:
Treatment on Termination. If the Participant incurs a Termination for any reason, the Vested Portion of the Option shall remain exercisable for the applicable period set forth in Section 5.
Treatment on Termination. On and following January 1, 2024, you shall be deemed Retirement-eligible for purposes of your Stock Option, and in the event of your Termination of Employment (as defined in the Employment Agreement) due to your Retirement on or following such date, provided that such Termination of Employment due to your Retirement also constitutes a Termination of Service, you shall be entitled to additional vesting of your Stock Option based the number of days that you remained employed with or provide services to the Company or any of its Subsidiaries from most recent vesting date of your Stock Option through the date of such Termination of Employment due to your Retirement. For the sake of clarity, in the event that your Retirement does not also constitute a Termination of Service, the unvested portion of your Stock Option shall (i) remain outstanding and (ii) continue to vest according to the “Vesting Schedule” section of this Award Notice. Except as provided above in the event of your Termination of Employment due to your Retirement or as may be otherwise provided under Sections 1(a), 1(b) or 1(d) of the Standard Terms and Conditions in the Employment Agreement, no portion of this Stock Option will vest after Employee experiences a Termination of Service and any then unvested portion shall be forfeited without consideration as of such Termination of Service. The then vested portion of this Stock Option may remain exercisable after your Termination of Service to the extent provided in the “Expiration Date” section above. For the avoidance of doubt, transfers of employment among the Company and its Subsidiaries and Affiliates, without any break in service, is not a Termination of Service.
Treatment on Termination. On and following January 1, 2024, you shall be deemed Retirement-eligible for purposes of your Performance Option, and in the event of your Termination of Employment (as defined in the Employment Agreement) due to your Retirement on or following such date, provided that such Termination of Employment due to your Retirement also constitutes a Termination of Service, the unvested portion of your Performance Option shall (i) remain outstanding and be eligible to become Performance Vested based on the extent to which the VWAP of the fiscal quarter ending following the date of your Termination of Employment increases over the Base Price hurdles and (ii) no longer be subject to any time-based vesting conditions or exercisability restrictions. For the sake of clarity, in the event that your Retirement does not also constitute a Termination of Service, the unvested portion of your Performance Option shall (i) remain outstanding and (ii) be eligible to become Performance Vested according to the “Performance-Based Vesting Conditions” section of this Award Notice. Except as provided above in the event of your Termination of Employment due to your Retirement or as may be otherwise provided under Sections 1(a), 1(b) or 1(d) of the Standard Terms and Conditions in the Employment Agreement, no portion of this Performance Option will vest after Employee experiences a Termination of Service and any then unvested portion shall be forfeited without consideration as of such Termination of Service. The then vested portion of this Performance Option may remain exercisable after your Termination of Service to the extent provided in the “Expiration Date” section above. For the avoidance of doubt, transfers of employment among the Company and its Subsidiaries and Affiliates, without any break in service, is not a Termination of Service.
Treatment on Termination. Except as expressly contemplated by Section 1(b) and 2 hereof, if Xxxxxxx’s employment or engagement by the Company terminates prior to a Vesting Date for any reason, Grantee will forfeit all right, title and interest in and to the Award as of the date of such termination. Further, the Company may condition the Qualifying Termination vesting contemplated by Section 1(b) and 2 hereof on Grantee’s timely execution, delivery and non-revocation of a customary release of claims in favor of the Company (provided that, if the applicable review and revocation periods for such release span two taxable years, the Award payment will in all cases be made in the later taxable year).