Termination with Consent definition
Examples of Termination with Consent in a sentence
The Option period shall begin on the date of the Option and shall end, except as provided in Section 5 hereof, on the first to occur of: (a) ten years thereafter, (b) three years after the date upon which the Optionee ceases to be an employee of an Employing Company by reason of Retirement, death, Disability or Termination with Consent, or (c) immediately following termination of employment, if termination of employment is due to Termination without Consent or Termination for Cause.
Unless otherwise determined by the Committee and notwithstanding any other terms of the Plan, the Administrative Regulations or this Agreement to the contrary, (a) unvested RSUs are forfeited if the Grantee’s employment is terminated due to Retirement, Termination without Consent or Termination for Cause, and (b) unvested RSUs will immediately vest upon the Grantee’s death during employment or termination of employment by reason of Disability or Termination with Consent.
Unless otherwise determined by the Committee, a prorated number of the Options scheduled to vest during the current Vesting Year will vest on the vesting date for the current Vesting Year based upon the number of complete months worked during the Vesting Year in which the Optionee’s termination of employment occurs by reason of Retirement or Termination with Consent.
Unless otherwise determined by the Committee, a prorated number of the Options scheduled to vest during the current Vesting Year will vest on the vesting date for the current Vesting Year or, if earlier, immediately upon the Optionee’s death, based upon the number of complete months worked during the Vesting Year in which the Optionee’s termination of employment occurs by reason of Retirement or Termination with Consent.
Unless otherwise determined by the Committee, a prorated number of the unvested RSUs scheduled to vest during the current Vesting Year will vest on the date of termination based upon the number of complete months worked during the Vesting Year in which the Grantee’s termination of employment occurs by reason of Retirement, death, Disability or Termination with Consent.
Unless otherwise determined by the Committee, a prorated number of the Options scheduled to vest during the current Vesting Year will vest on the vesting date for the current Vesting Year based upon the number of complete months worked during the Vesting Year in which the Optionee’s termination of employment occurs by reason of Retirement, death, Disability or Termination with Consent.
Unless otherwise determined by the Committee, if termination of employment during the Vesting Period occurs by reason of Retirement, death, Disability or Termination with Consent all unvested Shares will vest on the date of such termination.
Unless otherwise determined by the Committee, if termination of employment during the Vesting Period occurs by reason of Retirement, death, Disability or Termination with Consent all unvested RSUs will vest on the date of such termination.
Unless otherwise determined by the Committee, in the event of a Termination with Consent, the Participant shall remain entitled to vest in the total number of Shares issuable under the Performance Share Award, Performance Share Award-December 2021 subject to the determinations with respect to achievement of the Performance Goals.
Unless otherwise determined by the Committee, in the event of a Termination with Consent, the Participant shall remain entitled to vest in the Total Number of Shares Subject to the Option, subject to the determinations with respect to achievement of the Performance Goals.