Withdrawal Following Termination of Employment Sample Clauses

Withdrawal Following Termination of Employment. In the event of the termination of the employment of a Member with an Employer for any reason whatsoever (including death or disability), the Member will cease to be entitled to participate in this Plan as of the last day of active employment for the Member (without regard for any period of inactive employment or period of pay in lieu of notice of termination under statute, contract, common law, or otherwise) and all of the Common Shares, money and other property held in such Member’s Non-Registered ESPP Account and Registered ESPP Account, as applicable, will be deemed to have been withdrawn by the Member within 60 days after the date on which such Member’s employment is so terminated.
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