Examples of Early Voluntary Termination in a sentence
If Early Voluntary Termination occurs, the Employer shall pay the Executive the vested portion of the Deferral Account balance.
In the event of an Early Voluntary Termination by the Director, (other than pursuant to the terms of Paragraph 4.3A), then he shall forfeit any and all rights and benefits he may have under the terms of this Agreement and shall have no right to be paid any of the amounts which would otherwise be due or paid to the Director by the Bank pursuant to the terms of this Agreement.
The Compensation Committee will report the Accrual Balance to the Executive at least annually and within a reasonable period of time not to exceed 30 days after the date of the Termination of Employment if the Executive is to be paid the Early Voluntary Termination, Early Involuntary Termination or Disability Benefit.
Upon an Early Voluntary Termination, the Executive will not be eligible for a benefit under this Agreement.
Subject to adjustments under subsection (c) below, immediate full vesting under subsection (d) below and forfeiture under Article 7, the Disability Benefit is the annual installment payment determined in the same manner as for the Early Voluntary Termination Benefit (see Section 3.2(a)).