Termination for Death definition
Examples of Termination for Death in a sentence
The provisions of this Section 6 shall not apply to any termination of your employment other than a Termination Without Cause, a Deemed Termination or a Termination for Death or Disability.
If Purchaser suffers an Involuntary Termination or Termination Without Cause, or in the event of Purchaser's Termination for Death or Disability, all Unvested Shares shall vest in full on the Termination Date and the Company shall not retain a Repurchase Option as to any of the Shares.
Employee and Homestore acknowledge that Employee's termination as an employee of Homestore was (i) as a result of an Involuntary Termination, Termination for Death or Disability or Termination without Cause (each as defined in the Employment Agreement), and for no other reason and under no other circumstances, (ii) permitted under the Employment Agreement and (iii) not illegal, wrongful or prohibited under any applicable statute or common law (collectively, the "Acknowledged Basis of Termination").
In the event of a Voluntary Termination, Termination for Cause, Termination for Death, or Termination Due to Disability, Employee or Employee's estate will not be entitled to any severance pay.
Termination for Cause, --------------------------------------------- Termination for Death or Disability.
Voluntary Termination, Termination for Cause, Termination for Death or Disability.
Notwithstanding any other provision of this Section 4(a) to the contrary, upon "Involuntary Termination," "Termination without Cause," or "Termination for Death or Disability," a portion of the unvested options and shares of restricted stock (as described in Section 4(b) below) shall immediately vest as provided in Section 8 below.
Section 4.1 Upon Termination for Death or Disability...................
Following your Termination for Death or Disability, the exercise period with respect to your stock options will be equal to the lesser of twelve months or the remaining term of the applicable stock option.
Section 2.1 (d), Termination for Death or Disability, is hereby amended to comply with Code Section 409A by changing the definition of the term “disability” therein.