Vesting Upon Termination of Employment. Unless determined otherwise by the Committee or except as expressly provided in this Agreement, if the Optionee terminates employment with the Mondelēz Group before satisfying the Vesting Requirements, this Option will not be exercisable. If the Optionee terminates employment with the Mondelez Group before satisfying the Vesting Requirements due to:
(a) the Optionee’s death or Disability (as defined below in paragraph 15), then this Option will become immediately exercisable for 100% of the Option Shares identified in the Award Statement; or
(b) the Optionee’s Retirement (as defined below in paragraph 15) occurring at least ninety (90) days after the date of grant (“Grant Date”) of the Option, or as otherwise determined by the Committee, and provided the Option is not otherwise accounted for, or included in, the Optionee’s severance or retirement arrangement with the Mondelēz Group and the Optionee timely executes a general release and waiver of claims in a form and manner determined by the Company in its sole discretion, then this Option will continue to vest and become exercisable as identified on the Schedule as if the Optionee’s employment had not terminated.
Vesting Upon Termination of Employment. In the event of the termination of the Optionee’s employment with the Kraft Foods Group (as defined below in paragraph 12) prior to satisfaction of the Vesting Requirements other than by reason of Early Retirement (as defined below in paragraph 12) occurring after December 31 of the same year as the date of grant of the Option, Normal Retirement (as defined below in paragraph 12), death or Disability (as defined below in paragraph 12), or as otherwise determined by (or pursuant to authority granted by) the Committee administering the Plan, this Option shall not be exercisable with respect to any of the Option Shares set forth in the Award Statement. If death or Disability of the Optionee occurs prior to satisfaction of the Vesting Requirements, this Option shall become immediately exercisable for 100% of the Option Shares set forth in the Award Statement. If the Optionee’s employment with the Kraft Foods Group is terminated by reason of Normal Retirement, or by Early Retirement occurring after December 31 of the same year as the date of grant of the Option, the Option Shares shall continue to become exercisable as set forth on the Schedule as if such Optionee’s employment had not terminated.
Vesting Upon Termination of Employment. Upon the termination of the Participant’s employment with the Company for any reason other than death, the Participant shall be entitled only to the percentage of the Restricted Stock Units which had vested under this Agreement as of the Participant’s termination date, except only as may otherwise be expressly provided for in any written employment agreement executed between the Participant and the Company, if applicable.
Vesting Upon Termination of Employment. In the event of the termination of the Optionee’s employment with the Mondelēz Group (as defined below in paragraph 12) prior to satisfaction of the Vesting Requirements other than by reason of Early Retirement (as defined below in paragraph 12) occurring after December 31 of the same year as the date of grant of the Option, Normal Retirement (as defined below in paragraph 12), death or Disability (as defined below in paragraph 12), or as otherwise determined by (or pursuant to authority granted by) the Committee administering the Plan, this Option shall not be exercisable with respect to any of the Option Shares set forth in the Award Statement. If death or Disability of the Optionee occurs prior to satisfaction of the Vesting Requirements, this Option shall become immediately exercisable for 100% of the Option Shares set forth in the Award Statement. If the Optionee’s employment with the Mondelēz Group is terminated by reason of Normal Retirement, or by Early Retirement occurring after December 31 of the same year as the date of grant of the Option, the Option Shares shall continue to become exercisable as set forth on the Schedule as if such Optionee’s employment had not terminated.
Vesting Upon Termination of Employment. If Optionee’s relationship with the Corporation, or any subsidiary, ends as a result of Optionee’s termination, resignation, incapacitation or death, as such terms are defined in Optionee’s employment agreement with Rubicon Mortgage (“Termination Event”), the Options shall vest only through the end of the calendar month in which a Termination Event occurred. Upon the occurrence of a Termination Event, EBITDA shall be determined by the Corporation’s chief financial officer, within thirty (30) business days, in accordance with generally accepted accounting principles and the determination of the chief financial officer shall be final, binding and conclusive on the parties hereto.
Vesting Upon Termination of Employment. In the event of the termination of the Optionee’s employment with the Mondelēz Group prior to satisfaction of the Vesting Requirements other than by reason of Early Retirement (as defined below in paragraph 14) occurring after December 31 of the same year as the date of grant (“Grant Date”) of the Option, Normal Retirement (as defined below in paragraph 14), death or Disability (as defined below in paragraph 14), or as otherwise determined by the Committee, this Option shall not be exercisable. If death or Disability of the Optionee occurs prior to satisfaction of the Vesting Requirements, this Option shall become immediately exercisable for 100% of the Option Shares set forth in the Award Statement. If the Optionee’s employment with the Mondelēz Group is terminated by reason of Normal Retirement, or by Early Retirement occurring after December 31 of the same year as the Grant Date of the Option, the Option shall continue to become exercisable as set forth on the Schedule as if such Optionee’s employment had not terminated.
Vesting Upon Termination of Employment. Subject to the provisions of Section 10.03 and Subsection 12.03(2), with regard to Matching Contributions made with respect to payroll periods beginning before January 1, 2002 and with regard to all Discretionary Contributions regardless of when made, in the event of the Termination of Employment of a Participant, such Participant shall be entitled to receive distribution of the following percentage of his Employer Contribution Account: Less than 3 years 0 % 3 years but less than 4 years 30 % 4 years but less than 5 years 40 % 5 years but less than 6 years 60 % 6 years but less than 7 years 80 % 7 years or more 100 % Notwithstanding the foregoing, for Participants hired before January 1, 1989, their vested percentage shall be one percent (1%) rather than zero percent (0%) prior to being credited with three (3) Vesting Years of Service. Subject to the provisions of Section 10.03 and Subsection 12.03(2), with regard to Matching Contributions made with respect to payroll periods beginning on or after January 1, 2002, in the event of the Termination of Employment of a Participant, such Participant shall be entitled to receive distribution of the following percentage of his Employer Contribution Account attributable to Matching Contributions made on or after January 1, 2002: Less than 2 years 0 % 2 years but less than 3 years 20 % 3 years but less than 4 years 40 % 4 years but less than 5 years 60 % 5 years but less than 6 years 80 % 6 years or more 100 % The Participant shall also be entitled to receive distribution of his entire After-Tax Contribution Account, Pre-Tax Contribution Account, and Employer Divestiture Account, if any. Payment pursuant to this Article 10 shall be made by the Trustee, at the direction of the Plan Administrator, at the time and manner provided in Article 11.
Vesting Upon Termination of Employment. In the event of the termination of the Optionee’s employment with the Kraft Group (as defined below in paragraph 12) prior to satisfaction of the Vesting Requirements other than by reason of Early Retirement (as defined below in paragraph 12) occurring after December 31 of the same year as the date of grant of the Option, Normal Retirement, death or Disability (as defined below in paragraph 12), or as otherwise determined by (or pursuant to authority granted by) the Committee administering the Plan, this Option shall not be exercisable with respect to any of the Option Shares set forth in the Award Statement. If death or Disability of the Optionee occurs prior to satisfaction of the Vesting Requirements, this Option shall become immediately exercisable for 100% of the Option Shares set forth in the Award Statement. If the Optionee’s employment with the Kraft Group is terminated by reason of Normal Retirement, or by Early Retirement occurring after December 31 of the same year as the date of grant of the Option, the Option Shares shall continue to become exercisable as set forth on the Schedule as if such Optionee’s employment had not terminated.
Vesting Upon Termination of Employment. Unless determined otherwise by the Committee or except as expressly provided in this Agreement, if the Optionee terminates employment with the Mondelēz Group before satisfying the Vesting Requirements, this Option will not be exercisable. If the Optionee terminates employment with the Mondelez Group before satisfying the Vesting Requirements due to: (a) the Optionee’s death or Disability (as defined below in paragraph 15), then this Option will become immediately exercisable for 100% of the Option Shares identified in the Award Statement; or (b) the Optionee’s Retirement (as defined below in paragraph 15) occurring at least ninety (90) days after the date of grant (“Grant Date”) of the Option, or as otherwise determined by the Committee, and provided the Option is not otherwise accounted for, or included in, the Optionee’s severance or retirement arrangement with the Mondelēz Group and the Optionee timely executes a general release and waiver of claims in a form and manner determined by the Company in its sole discretion, then this Option will continue to vest and become exercisable as identified on the Schedule as if the Optionee’s employment had not terminated. 3. Exercisability Upon Termination of Employment from the Mondelēz Group. During the period commencing on the first date that the Vesting Requirements are satisfied (or, such earlier date determined 1 in accordance with paragraph 2) until the close of the market on the expiration date set forth in the Schedule (“Expiration Date”) (or if the market is closed on such date, the close of the market on the last date the market is open prior to the Expiration Date), this Option may be exercised in whole or in part with respect to such Option Shares, subject to the following provisions:
(a) In the event that the Optionee’s employment terminates by reason of Retirement, death or Disability, such Option may be exercised on or prior to the Expiration Date; (b) If employment is terminated by the Optionee (other than by Retirement, death or Disability), such Option may be exercised until the close of the market 30 days from the effective date of termination (the “30-Day Period”) (or if the market is closed on such date, the close of the market on the last date the market is open prior to the expiration of the 30-Day Period); (c) If, other than by death, Disability or Retirement, the Optionee’s employment is terminated by the Mondelēz Group without Cause for any reason (even if such termination constitutes unf...
Vesting Upon Termination of Employment. Subject to the provisions of SECTIONS 4.08 and 10.04 and SUBSECTION 12.03(2), in the event of the Termination of Employment of a Participant, such Participant shall be entitled to receive distribution of the following percentage of his Employer Contribution Account, as of the Allocation Date coinciding with or immediately following the date on which such Participant terminates employment: Vesting Years of Service . Nonforfeitable Percentage of Account Less than 3 years . . . . . . 0% 3 years but less than 4 years 30% 4 years but less than 5 years 40% 5 years but less than 6 years 60% 6 years but less than 7 years 80%
