Examples of Termination After Transfer of Control in a sentence
If the Key Employee’s employment with the Group Company terminates by reason of Termination After Transfer of Control (as defined in Section 9.02) then, subject to the provisions of Article XII of this Plan, the Award shall Vest in full on the date on the date of such Termination After Transfer of Control.
Notwithstanding any provisions of the Option Agreement to the contrary, in the event of a Termination After Transfer of Control (as defined below), any unexercised portion of the Option shall be immediately exercisable and vested in full as of the date of the Optionee's termination of employment with the Company.
Notwithstanding any provision herein to the contrary, Termination After Transfer of Control will not include any termination of the Grantee’s employment or service with the Company which: (A) is a Termination for Cause; (B) is a result of the Grantee’s death or Disability; (C) is a result of the Grantee’s voluntary termination of employment or service other than upon Constructive Termination; or (D) occurs prior to the effectiveness of a Change in Control.
In the event of a Termination After Transfer of Control, any unexercised portion of the Option shall be immediately exercisable and vested in full as of the date of the Optionee's termination of Service, subject to Section 10 below.
If the Grantee’s employment or service with the Corporation terminates by reason of Termination After Transfer of Control (as defined in Section 6.8 hereof), the Stock Grant shall be deemed to have vested one hundred percent (100%) as of the date of such Transfer After Termination of Control.