Special Termination definition

Special Termination means a termination by reason of the Participant’s death or Disability.

Special Termination means a termination of the Employee’s employment as a result of his or her death or Disability.

Special Termination has the meaning given in Section 2(a).

Examples of Special Termination in a sentence

• Upon termination of the Participant’s employment for any reason other than a Special Termination (whether initiated by the Company or by the Participant), any unvested Restricted Stock Units shall be forfeited and canceled effective as of the date of such termination.

• Except as otherwise provided in Section 5 or Section 2(b) of this Agreement, the Options shall become vested, if at all, in the percentage(s), and on the vesting date(s) set forth on Exhibit A hereto (each, a “Vesting Date”); provided that if the Participant’s employment with the Company is terminated by reason of the Participant’s death or Disability (either, a “Special Termination”), all outstanding unvested Options held by the Participant shall vest, as of the effective date of such Special Termination.

More Definitions of Special Termination

Special Termination means a termination of the Participant’s Service due to death or Disability.

Special Termination means either a CIC Termination or a Termination for Good Reason pursuant to Section 1.22(b) (failure to appoint or elect).

Special Termination means, (i) with respect to a Participant who has been approved as a franchisee by YUM! or any of its affiliates, the Participant’s termination of employment with the Company (other than a termination by the Company for cause) to become, immediately following such termination, a franchisee of YUM! or one of its affiliates, and (ii) with respect to any Participant, the Participant’s termination of employment with the Company (other than a termination by the Company for cause) to become, immediately following such termination, an employee of a franchisee of YUM! or one of its Subsidiaries as approved by an officer of YUM!. Participants who do not meet the foregoing requirements may not have a Special Termination.

Special Termination means a termination by reason of the Participant's death or Disability.

Special Termination means termination of a Participant's employment by reason of Participant's death, Total Disability or Retirement.

Special Termination means, (i) with respect to a Participant who has been approved as a franchisee by YUM! or any of its affiliates, the Participant’s termination of employment with the Company (other than a termination by the Company for cause) to become, immediately following such termination, a franchisee of YUM! or one of its affiliates. Participants who do not meet the foregoing requirements may not have a Special Termination, and (ii) with respect to any Participant, the Participant’s termination of employment with the Company (other than a termination by the Company for cause) to become, immediately following such termination, an employee of a franchisee of YUM! or one of its Subsidiaries as approved by an officer of YUM!.

Special Termination shall have the meaning set forth in Section 8.3(a).