Employment Termination definition

Employment Termination means the effective date of: (i) Executive’s voluntary termination of employment with the Company with Good Reason, or (ii) the termination of Executive’s employment by the Company without Good Cause.

Employment Termination means that a Participant has ceased, for any reason and with or without cause, to be an employee or Director of, or a consultant to, the Company, the Advisor or any Affiliate of the Company. However, the term “Employment Termination” shall not include a transfer of a Participant from the Company to the Advisor or any Affiliate of the Company or the Advisor or vice versa, or from any such Affiliate to another, or a leave of absence duly authorized by the Company unless the Board has provided otherwise.

Employment Termination means involuntary dismissal from job duties without pay or benefits, including involuntary layoff.

Examples of Employment Termination in a sentence

• Except as otherwise set forth in this Article 7.6, any portion of an Option that is not vested and exercisable on the Employment Termination Date shall expire on such date.

• Notwithstanding the foregoing, if the Participant dies after his or her Employment Termination Date, but while an Option is otherwise exercisable, the portion of the Option that is vested and exercisable on such Employment Termination Date shall expire upon the earlier to occur of: (A) the Option Expiration Date, and (B) the day which is six (6) months after the date of death, unless the Plan Administrator determines otherwise.

• Notwithstanding the foregoing, if the Participant dies after his or her Employment Termination Date but while an Option is otherwise exercisable, the portion of the Option that is vested and exercisable on such Employment Termination Date shall expire upon the earlier to occur of (y) the Option Expiration Date and (z) the one-year anniversary of the date of death, unless the Plan Administrator determines otherwise.

• No portion of an Option which is unexercisable at Termination of Employment, Termination of Directorship or Termination of Consultancy, as applicable, shall thereafter become exercisable, except as may be otherwise provided by the Committee in the case of Options granted to Employees or consultants either in the Stock Option Agreement or by action of the Committee following the grant of the Option.

• Except to the extent otherwise provided in the applicable Award Agreement, when a Participant’s Employment Termination occurs, the Participant shall automatically forfeit all Restricted Shares still subject to restriction.

More Definitions of Employment Termination

Employment Termination means the effective date of: (i) Employee’s voluntary termination of employment with the Company with Good Reason, or (ii) the termination of Employee’s employment by the Company without Cause.

Employment Termination means the notification to an employee that such employee is no longer to be employed by the Association, whether such notification is effective immediately or in the future. Employment Termination also includes actual or alleged constructive discharge, breach of an implied agreement to continue employment or breach of a written employment agreement.

Employment Termination means that a Participant has ceased, for any reason and with or without Cause, to be an Employee or Director of, or a Consultant to the Company, an Affiliate, a Subsidiary, or an Advisor. However, the term “Employment Termination” shall not include an Employee Director’s ceasing to be a Director, or a transfer of a Participant from the Company to an Affiliate, a Subsidiary or an Advisor, or vice versa, or among one to another, or a duly-authorized leave of absence, unless the Committee has provided otherwise.

Employment Termination means that a Participant has ceased, for any reason and with or without cause, to be an Employee or Director of, or a consultant to, the Company or any Affiliate of the Company. However, the term "Employment Termination" shall not include a Non-Employee Director ceasing to be a Director or a transfer of a Participant from the Company to an Affiliate or vice versa, or from one Affiliate to another, or a leave of absence duly authorized by the Company unless the Committee has provided otherwise.

Employment Termination means the cessation of a Participant's employment with the Company or a Participating Subsidiary, as the case may be, after a Change in Control, other than by reason of death, disability, retirement, voluntary resignation not constituting a Constructive Termination, or as a result of a valid Summary Dismissal.

Employment Termination means that a Participant has ceased, for any reason and with or without cause, to be an Employee or Trust Manager of, or a consultant to, the Trust or any Affiliate of the Trust. However, the term "Employment Termination" shall not include a Non-Employee Trust Manager ceasing to be a Trust Manager or a transfer of a Participant from the Trust to an Affiliate or vice versa, or from one Affiliate to another, or a leave of absence duly authorized by the Trust unless the Committee has provided otherwise.

Employment Termination means the Executive no longer being an executive officer of the Company as a result of a termination by: (A) the Company without Good Cause or (B) by the Executive with Good Reason.