Unvested Portion. Subject to earlier termination in accordance with the remaining provisions of this Agreement, the Plan or otherwise, the unvested portion of the Option shall terminate upon termination of Grantee’s employment by or affiliation (as a consultant or director) with the Corporation for any reason.
Unvested Portion. The term “Unvested Portion” means, at any time, the portion of the Option which is then unvested in accordance with the Grant Notice and this Agreement.
Unvested Portion. The Company and the Employee hereby agree that the Equity Grants are further amended effective on the Effective Date as follows:
Unvested Portion. Subject to the further provision of this Agreement, and unless the Option has earlier terminated pursuant to the provisions of this Agreement, the unvested portion of the Option shall terminate upon termination of Grantee's employment or affiliation (as a director or consultant) with the Corporation and all of the Corporation's subsidiaries for any reason. Notwithstanding the foregoing or any other provision of this Agreement to the contrary, if such termination occurs as a result of the Company terminating the employment of the Grantee prior to January 2, 2009 against his will and without Cause (as defined in the Grantee's employment agreement dated as of January 1, 2006), or the Grantee terminating his employment prior to January 2, 2009 for Good Reason (as defined in the Grantee's employment agreement dated as of January 1, 2006), the Option shall be fully vested and exercisable and shall remain exercisable for the remainder of the term set forth in Section 1.2 hereof. Furthermore, the foregoing provisions of this Section 4.1 shall be subject to the provisions of Section 21 of the Grantee's employment agreement dated as of January 1, 2006.
Unvested Portion. Except as provided in the second sentence of Section 4(c) above, any portion of the Option that is unvested as of the date of the 2 Participant’s termination of employment or service with the Company or any of its Subsidiaries shall be immediately forfeited and canceled as of the date of the Participant’s termination of employment or service with the Company or any of its Subsidiaries for no consideration.
Unvested Portion. Subject to the further provision of this Agreement, and unless the Option has earlier terminated pursuant to the provisions of this Agreement, the unvested portion of the Option shall terminate upon termination of Grantee's employment or affiliation (as a director or consultant) with the Corporation and all of the Corporation’s subsidiaries for any reason. For purposes of this Agreement, the Grantee shall be deemed to have terminated employment or affiliation upon (i) the date the Grantee ceases to be employed by, or to provide consulting services for, the Company or any Company subsidiary; or (ii) the date the Grantee ceases to be a director, provided, however, that if the Grantee (x) at the time of reference is both an employee or consultant and a director, or (y) ceases to be engaged as an employee, consultant or director and immediately is engaged in another of such relationships with the Company or any Company subsidiary, the Grantee shall not be deemed to have a “termination of employment or affiliation” until the last of the dates determined pursuant to subparagraphs (i) and (ii) above. The Committee, in its discretion, may determine whether any leave of absence constitutes a termination of employment or affiliation for purposes of this Agreement.
Unvested Portion. Subject to the further provision of this Agreement, and unless the Option has earlier terminated pursuant to the provisions of this Agreement, the unvested portion of the Option shall terminate upon termination of Grantee’s employment or affiliation (as a director or consultant) with the Corporation and all of the Corporation’s subsidiaries for any reason. Colombia Clean Power & Fuels
Unvested Portion. The entire amount of distributions that otherwise would be paid to a Recipient in respect of the unvested portion of such Recipient's Class B Interest shall be retained by the Company and credited to an account (a "VESTING ACCOUNT") created for such purpose. An amount credited to the Vesting Account shall be released from such account upon the vesting of the portion of the Class B Interest in respect of which such amount was credited. Any amount released from a Vesting Account first shall be applied to repay any outstanding tax advance previously made in respect of such amount and the balance shall be paid to the Recipient.
Unvested Portion. The entire amount of distributions that otherwise would be paid to a Recipient in respect of unvested Carried Interest Points shall be retained by DOP or its designee and credited to an account (a "VESTING ACCOUNT") created for such purpose. An amount credited to a Vesting Account shall be released from such account upon the vesting of the portion of the Recipient's Carried Interest Points in respect of which such amount was credited. Any amount released from a Vesting Account first shall be applied to repay any outstanding tax advance previously made to the Recipient in respect of such amount and the balance shall be paid to such Recipient.
Unvested Portion. The entire amount of distributions that otherwise would be paid to a Recipient in respect of unvested Carried Interest Points shall be retained by the Company and credited to an account (a "VESTING ACCOUNT") created for such purpose. An amount credited to a Recipient's Vesting Account shall be released from such account upon the vesting of the portion of the Recipient's Carried Interest Points in respect of which such amount was credited. Any amount released from a Vesting Account first shall be applied to repay any outstanding tax advance previously made to the Recipient in respect of such amount and the balance shall be treated as would a distribution in respect of vested Carried Interest Points and shall be applied in accordance with subparagraphs (b)(I) and (II) below.
