Examples of Constructive Termination Without Cause in a sentence
In the event of a Termination Without Cause or a Constructive Termination Without Cause, in each case within the two-year period following a Change in Control, any Participant Purchased Shares or Participant Purchased RSUs shall be vested and no longer subject to any transfer or sale restrictions.
Under the Employment Agreement, Donald can declare a "Constructive Termination Without Cause" by the Company of his employment as a result of, inter alia, "unreasonable interference, in the good-faith judgment of ...
Notwithstanding any implication to the contrary, Executive shall not have the right to terminate his employment with the Company during the Term of Employment except in the event of a Constructive Termination Without Cause, Approved Early Retirement, or Normal Retirement, and any voluntary termination of employment during the Term of Employment in violation of this Agreement shall be considered a material breach.
Termination for an "Approved Reason" shall include, without limitation, a Termination Without Cause or Constructive Termination Without Cause under Section 11 (d) of the Employment Agreement between the Participant and the Company dated as of October 27, 1993 (the "Employment Agreement") or a Termination of Employment Following a Change in Control under Section 11 (e) of the Employment Agreement.
In the event of a termination of employment by the Executive on his own initiative, other than a termination due to death or a Constructive Termination Without Cause, the Executive shall have the same entitlements as provided in Section 10(b)(iii) above for a termination for Cause.