Common use of Without Cause Termination or Constructive Discharge Clause in Contracts

Without Cause Termination or Constructive Discharge. If Grantee’s employment with the Corporation terminates due to a Without Cause Termination or a Constructive Discharge, as such terms are defined in the Employment Agreement, any portion of this grant which remains subject to the restrictions on Disposition of the Stock set forth in Section 2.1 hereof shall not be forfeited but shall remain outstanding, and the restrictions on Disposition set forth in Section 2.1 hereof shall lapse at the close of business on December 31, [SIXTH YEAR AFTER YEAR OF GRANT].

Appears in 5 contracts

Samples: Performance Accelerated Restricted Stock Agreement (Mellon Financial Corp), Mellon Financial (Mellon Financial Corp), Restricted Stock Agreement (Mellon Financial Corp)

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