Voluntary Termination or Termination with Cause Sample Clauses

Voluntary Termination or Termination with Cause. If before December 31, 20 , Grantee terminates his or her employment with the Company or any Affiliate and Section 6(c) does not apply to such termination, or the Company or any Affiliate terminates Grantee’s employment for Cause (defined below), all of Grantee’s Target Performance Shares will be cancelled as of the date of such termination and any dividends accrued with respect to Grantee’s Target Performance Shares will be forfeited. The Grantee will not be entitled to any Additional Performance Shares
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Voluntary Termination or Termination with Cause. If before December 31, 2018, the Grantee terminates his or her employment with the Company or any Affiliate and Subsection 4(c) does not apply to such termination, or the Company or any Affiliate terminates the Grantee’s employment for Cause (as defined below), all of the Grantee’s Target RSUs will be cancelled as of the date of such termination and any dividends accrued with respect to the Grantee’s Target RSUs will be forfeited. The Grantee will not be entitled to any Additional Performance RSUs. For purposes of this Subsection 4(a), “Cause” means any termination effected through the Company’s Positive Discipline program (or any successor thereto). (Provided, however, if termination occurs within 36 months following a Change in 2= 13 "875767-NYCSR05A - MSW"
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Voluntary Termination or Termination with Cause. If, prior to the end of the Retention Period, your employment is terminated (i) by the Company with Cause or (ii) by you for any reason other than due to your death or Disability, then you acknowledge and agree that you will repay the Company a lump-sum in an amount as follows (as applicable, the “Repayment Amount”): Termination Date Payment Prior to January 1, 2018 100% of the gross amount of the Quarterly Retention Payments that you have received as of such termination date. On or following January 1, 2018 50% of the gross amount of the Quarterly Retention Payments that you have received as of such termination date, if you voluntarily terminate your employment; or100% of the gross amount of the Quarterly Retention Payments that you have received as of such termination date, if your termination is by the Company with Cause. In the event you become obligated to make any such repayment, you will deliver to the Company cash or check for the full Repayment Amount within 20 days following your termination date.
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Voluntary Termination or Termination with Cause. If before December 31, 20___, Grantee terminates his or her employment with the Company or any Affiliate and Section 6(c) does not apply to such termination, or the Company or any Affiliate terminates Grantee’s employment for Cause (defined below), all of Grantee’s Target Performance Shares will be cancelled as of the date of such termination and any dividends accrued with respect to Grantee’s Target Performance Shares will be forfeited. The Grantee will not be entitled to any Additional Performance Shares. For purposes of this Section 6, “Cause” means any termination effected through the Company’s Positive Discipline program (or any successor thereto). (Provided, however, if termination occurs within 24 months following a Change in Control (as defined in Section 7), or prior to a Change in Control under circumstances described in Section 7, then “Cause” shall be defined as provided in that Section.)
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Voluntary Termination or Termination with Cause. In the event of termination of the Optionee's employment relationship with the Company as a result of a voluntary termination or termination with Cause (as defined in the Vice President Change of Control Agreement or successor agreement in effect at such time), the Optionee may, but only within ninety (90) days of the date of such termination (but in no event later than the expiration date of the term of this Option), exercise this Option. If the Optionee does not exercise this Option within the time specified herein, the Option shall terminate.
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Related to Voluntary Termination or Termination with Cause

  • Voluntary Termination or Termination for Cause If Executive is no longer employed by the Company or any of its subsidiaries as a result of Executive's termination for Cause or resignation, then on or after the Termination Date, the Company may elect to purchase all or any portion of the Executive Units at a price per Unit equal to the lower of the Original Value thereof or the Fair Market Value thereof determined as described in clause (b)(1) above; provided, however, that if Executive resigns on or after the fifth anniversary of the date hereof, then on or after such Termination Date, the Company may elect to purchase all or any portion of the Executive Units at a price per unit equal to the Fair Market Value thereof determined as described in clause 3(b)(1) above.

  • Involuntary Termination with Cause The Employer may terminate the Executive’s employment for Cause. If the Executive’s employment terminates for Cause, the Executive shall receive the Base Salary through the date on which termination becomes effective and reimbursement of expenses to which the Executive is entitled when termination becomes effective. If the Executive is terminated for Cause by either of the Corporation or the Bank, the Executive shall be deemed also to have been terminated for Cause by the other. The Executive shall not be deemed to have been terminated for Cause under this Agreement unless and until there is delivered to the Executive a copy of a resolution adopted at a meeting of the board of directors called and held for the purpose, which resolution shall (x) contain findings that the Executive has committed an act constituting Cause, and (y) specify the particulars thereof. The resolution of the board of directors shall be deemed to have been duly adopted if and only if it is adopted by the affirmative vote of a majority of the directors of the Corporation then in office or a majority of the directors of the Bank then in office, in either case excluding the Executive. Notice of the meeting and the proposed termination for Cause shall be given to the Executive a reasonable time before the meeting of the board of directors. The Executive and the Executive’s counsel (if the Executive chooses to have counsel present) shall have a reasonable opportunity to be heard by the board of directors at the meeting. For purposes of this Agreement “Cause” means any of the following:

  • Voluntary Termination; Termination for Cause If Executive's employment with the Company terminates voluntarily by Executive or for Cause by the Company, then all vesting of the Option and all other options granted to Executive will terminate immediately and all payments of compensation by the Company to Executive hereunder and all obligations with respect thereto (including, without limitations, with respect to base salary, bonuses, employee benefits, relocation and temporary living reimbursements and other expense reimbursements) will terminate immediately (except as to amounts already earned).

  • Involuntary Termination Without Cause and Voluntary Termination with Good Reason With written notice to the Executive at least thirty (30) days in advance, the Bank may terminate the Executive’s employment without Cause. Termination shall take effect at the end of the notice period. With advance written notice to the Bank as provided in clause (y), the Executive may terminate employment for Good Reason. If the Executive’s employment terminates involuntarily without Cause or voluntarily but with Good Reason, the Executive shall be entitled to the benefits specified in Article 4 of this Agreement. For purposes of this Agreement, a voluntary termination by the Executive shall be considered a voluntary termination with Good Reason if the conditions stated in both clauses (x) and (y) of this Section 3.4 are satisfied:

  • Voluntary Resignation or Termination for Cause If the Employee's employment with the Company terminates as a result of the Employee's voluntary resignation which is not an Involuntary Termination or if the Employee is terminated for Cause at any time after a Change of Control, then the Employee shall not be entitled to receive severance or other benefits hereunder, but may be eligible for those benefits (if any) as may then be established under the Company's then existing severance and benefits plans and policies at the time of such termination.

  • Termination for Cause; Voluntary Termination If at any time during the Term the Executive’s employment with the Company is terminated pursuant to Section 4.6 or 4.7, the Executive shall be entitled to only the following:

  • Voluntary Termination Executive may voluntarily terminate Executive’s employment for any reason upon 30 days’ prior written notice. In such event, after the effective date of such termination, except as provided in Section 2.2 with respect to a resignation for Good Reason, no further payments shall be due under this Agreement, except that Executive shall be entitled to any benefits accrued in accordance with the terms of any applicable benefit plans and programs of the Company.

  • Involuntary Termination for Cause If the Employee's employment is terminated for Cause, then the Employee shall not be entitled to receive severance payments. The Employee's benefits will be terminated under the Company's then existing benefit plans and policies in accordance with such plans and policies in effect on the date of termination.

  • Termination Without Cause or Termination for Good Reason (a) The Company may terminate the Executive's employment hereunder without Cause, and the Executive shall be permitted to terminate his employment hereunder for Good Reason (as hereinafter defined). If the Company terminates the Executive's employment hereunder without Cause, other than due to death or Disability, or if the Employee effects a termination for Good Reason, the Executive shall be entitled to receive all the benefits provided for under Section 3.6 of this Agreement.

  • Voluntary Termination by the Employee The Employee may voluntarily terminate the Employee's status as employee for other than Good Reason.

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