Voluntary or Involuntary Termination. Except as otherwise provided in this Section 1.4, if Recipient’s employment with the Company or any Subsidiary terminates as a result of a voluntary or involuntary termination, all outstanding unvested RSUs (whether or not determined to be Earned RSUs) shall immediately be forfeited. Recipient shall not be treated as terminating employment if Recipient is on an approved leave of absence.
Voluntary or Involuntary Termination. Upon a Voluntary or Involuntary Termination as defined herein, Employee shall continue to render his services to the Company, if and to the extent required by the Company, up to the date of such Voluntary or Involuntary Termination as referenced in the written notice of termination submitted to Employee by the Company, or vice versa, and shall be paid (i) the unpaid amount of the then applicable annual base salary up to the date of such Voluntary or Involuntary Termination, (ii) any bonuses which the Company's Board of Directors may determine, in its sole discretion, to be due and payable to Employee, and (iii) the Severance Amount as defined herein. In the event of a Voluntary Termination, as a condition to Employee's receipt of the foregoing payments to Employee, during the time between the submission of a notice of termination by Employee and the effective date of termination set forth in such notice, Employee shall continue to diligently provide the Company with such services as the Company may request. In the event of an Involuntary Termination, all unvested stock options and stock appreciation rights that have previously been granted to Employee will fully vest and remain exercisable for three (3) months after such termination.
Voluntary or Involuntary Termination. If, other than as specified below, Recipient voluntarily terminates employment (defined below) or if Recipient's employment is terminated involuntarily, then Recipient shall forfeit the right to receive all shares of Restricted Stock that have not theretofore vested pursuant to Paragraph 4.
Voluntary or Involuntary Termination. In the event of your voluntary resignation or involuntary termination with or without Cause, any unvested Performance Share Units will forfeit.
Voluntary or Involuntary Termination. In the event of the Participant’s voluntary or involuntary Termination of Service for any reason other than by the Company for Cause or due to death or Disability:
Voluntary or Involuntary Termination. METHOD OF PAYMENT COMMENCEMENT DATE ------------------------- --------------------------- - Lump Sum = deferred - January 1st following effective amount plus accrued interest. date of voluntary or involuntary termination.
Voluntary or Involuntary Termination. (Not For Cause) of
Voluntary or Involuntary Termination. (Not For Cause) of Employment Prior to Benefit Age. If (i) the Executive exercises his withdrawal rights pursuant to Subsection 2.2, and (ii) the Executive's employment with the Bank is voluntarily or involuntarily terminated for any reason other than a termination related to disability, termination for Cause, or termination following a Change in Control, within ten (10) days of such voluntary or involuntary termination of employment, the Bank shall be 12 required to record a final Phantom Contribution in the Executive=s Accrued Benefit Account, attributable to the Plan Year in which the termination occurs (unless such Phantom Contribution is recorded prior to termination), in an amount equal to the full Phantom Contribution required for such Plan Year. No further Phantom Contributions shall be required to be recorded for periods subsequent to the Plan Year in which the Executive=s employment is terminated. (5)
Voluntary or Involuntary Termination. If prior notice is given of any VOLUNTARY or INVOLUNTARY TERMINATION as defined herein, Employee, if requested by the Company, shall continue to render his services and shall be paid the then annual base salary up to the date of such VOLUNTARY or INVOLUNTARY TERMINATION, any bonuses which the Company's Board of Directors shall determine in its sole discretion to be due and payable to Employee and the SEVERANCE AMOUNT as provided herein. In the event of an INVOLUNTARY TERMINATION, the STOCK BONUS and all unvested stock options and stock appreciation rights that have previously been granted to Employee will fully vest, and the Company agrees to purchase, at Employee's option, at FAIR MARKET VALUE, the number of shares of the Company's common stock necessary to provide Employee with sufficient cash, net of taxes, to fund Employee's remaining obligations, if any, pursuant to the December 31, 1991 Settlement Agreement between Carolyn Y. Kiser, the Companx, Xxxxxx X. Xxxer, Alwin E. Brxxxxx xxx Xxxxxyex, xx xxxxxxx (xhe "SETTLEMENT AGREEMENT").
Voluntary or Involuntary Termination. If Executive should voluntarily or involuntarily terminate employment with the Bank and/or the Company prior to March 12, 2002, Executive shall not (i) solicit or employ any of the Bank's employees, or employees formerly employed by the Bank or the Company for a one hundred eighty (180) day period prior to Executive's voluntary termination, nor (ii) remove, transfer or otherwise take any loan or other file at the Bank or the Company during the time from the Notice of Termination to the effective date of the voluntary termination.
