Treatment on Termination of Services During the Service Period Sample Clauses

Treatment on Termination of Services During the Service Period. If either the Company or you terminate this Agreement or terminate your services during the Service Period, any then-unvested and unpaid portion of the amounts described in this Section C.4 will be fully and immediately canceled without consideration. Notwithstanding the foregoing in this subsection (c), if your services during the Service Period are terminated (x) by the Company other than due to your gross negligence or intentional misconduct or material breach of this Agreement which is not cured during the Cure Period (as defined below), (y) by you due to the Company’s material breach of this Agreement, which breach is uncured after 30 days of your written notice to the Company alleging the breach in detail, or (z) due to your death or disability (items (x), (y), and (z) of this paragraph, collectively, shall be referred to as an “Involuntary Termination”), you will remain eligible to receive any remaining portion of the Fee as well as the equity award treatment set forth in Section C.5 below (but for clarity, not the Bonus Payment). You acknowledge and agree that your strict compliance with the terms of this Agreement, including Section C.6 below, provided that in each case, you will not be considered non-compliant unless you have received written notice (electronic communication is acceptable) of such and at least ten (10) days to cure (“Cure Period”) is a condition to your receipt of any consideration pursuant to the terms of this Agreement. Notwithstanding the foregoing, it shall not be deemed a material breach of this Agreement or any other event under clause (x) in the paragraph above merely because you fail to provide the minimum hours of service required in Section C.2, but only if you (x) have made yourself readily available for that minimum number of hours and the Company has declined to engage your service for that number of hours, and (y) otherwise remain available and able to continue providing services under this Agreement. You further acknowledge and agree that in the event of any breach of your obligations under this Agreement, the Company shall, in its sole and absolute discretion, be entitled to refrain from making any payment of amounts provided under this Section C.4 that may be due but have not yet been paid, as well as withholding the equity award treatment set forth in Section C.5 below, until such time as you have fully cured any such breach(es) to the satisfaction of the Company following written notification to you (electronic...
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Related to Treatment on Termination of Services During the Service Period

  • Termination of Services If the Optionee’s services with the Company and all Related Corporations are terminated for any reason (other than death or disability) prior to the Expiration Date, then this Option may be exercised by Optionee, to the extent of the number of Common Shares with respect to which the Optionee could have exercised it on the date of such termination of services, at any time prior to the earlier of (i) the Expiration Date, or (ii) three months after such termination of services. Any part of the Option that was not exercisable immediately before the termination of Optionee’s services shall terminate at that time.

  • Forfeiture Upon Termination as a Service Provider Notwithstanding any contrary provision of this Award Agreement, if Participant ceases to be a Service Provider for any or no reason, the then-unvested Restricted Stock Units awarded by this Award Agreement will thereupon be forfeited at no cost to the Company and Participant will have no further rights thereunder.

  • Early Termination of Services Termination at any time upon 90 days’ prior written notice. Notwithstanding the second sentence of Section 4(b) of the Agreement, individual services within this schedule may be terminated without all other Services being simultaneously terminated. Upon the early termination of any Service(s) in this Schedule, Early Termination Fees of 75% of monthly costs shall be charged each month for 3 months.

  • Compensation During Disability or Upon Termination (i) If, during the Protected Period, Employee fails to perform Employee's normal duties as a result of incapacity due to physical or mental illness, Employee shall continue during the period of such disability to receive Employee's full Base Salary and any awards, deferred and nondeferred, payable during such period under the Bonus Plan, less any amounts paid to Employee during such period of disability pursuant to the Company's short term disability or sick-leave program(s) until Employee's employment is terminated or such Disability ends. This Section 4(i) shall not reduce or impair Employee's rights to terminate employment for a Good Reason as otherwise provided herein.

  • Forfeiture upon Termination of Status as a Service Provider Notwithstanding any contrary provision of this Award Agreement, the balance of the Restricted Stock Units that have not vested as of the time of Participant’s termination as a Service Provider for any or no reason and Participant’s right to acquire any Shares hereunder will immediately terminate.

  • Term; Termination; Rights on Termination The term of this Agreement shall begin on the date hereof and continue for three (3) years, and, unless terminated sooner as herein provided, shall continue thereafter on a year-to-year basis on the same terms and conditions contained herein in effect as of the time of renewal (such initial three year period and any extensions thereof being referred to herein as the "Term"). This Agreement and Employee's employment may be terminated in any one of the following ways:

  • Other Termination of Service If the Optionee's Service with the Participating Company Group terminates for any reason, except Disability or death, the Option, to the extent unexercised and exercisable by the Optionee on the date on which the Optionee's Service terminated, may be exercised by the Optionee within three (3) months after the date on which the Optionee's Service terminated, but in any event no later than the Option Expiration Date.

  • Termination of Relationship as a Service Provider If the Optionee ceases to be a Service Provider (other than for death or Disability), this Option may be exercised for a period of three (3) months after the date of such termination (but in no event later than the expiration date of this Option as set forth in the Notice of Grant) to the extent that the Option is vested on the date of such termination. To the extent that the Optionee does not exercise this Option within the time specified herein, the Option shall terminate.

  • DEFAULT; TERMINATION OF SERVICER 95 SECTION 7.01. Events of Default...........................................................95 SECTION 7.02. Trustee to Act; Appointment of Successor....................................97 SECTION 7.03. Notification to Certificateholders..........................................98

  • Termination; Rights on Termination Employee's employment may be ---------------------------------- terminated in any one of the followings ways, prior to the expiration of the Term:

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