Effect of Separation from Service Contract Clauses (32)

Grouped Into 3 Collections of Similar Clauses From Business Contracts

This page contains Effect of Separation from Service clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Effect of Separation from Service. 10.1Separation for Cause, Death, Disability or Voluntary Separation from Service. 10.2Separation from Service without Cause or for Good Reason Prior to a Change in Control. 10.3Separation from Service Following a Change in Control. 10.4Parachute Payments. 10.5Company Property.
Found in Genprex, Inc. contract
Effect of Separation from Service. 10.1Separation 9.1Separation for Cause, Death, Disability or Voluntary Separation from Service. 10.2Separation 9.2Separation from Service without Cause or for Good Reason Prior to a Change in Control. 10.3Separation 9.3Separation from Service Following a Change in Control. 10.4Parachute 9.4Parachute Payments. 10.5Company 9.5Company Property.
Found in Genprex, Inc. contract
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Effect of Separation from Service. If the Optionee ceases to be an Employee of the Company for any reason, including cessation by death or Disability, the effect of such termination of employment on all or any portion (whether an ISO or NQSO) of this Option is as provided below. Notwithstanding anything below to the contrary, in no event may the Option be exercised after the Expiration Date. (a) If the Optionee's employment is terminated for Cause, the Option will immediately be forfeited as of the time of such termination. (b) I...f the Optionee ceases to be an Employee of the Company due to the Optionee's resignation or termination of employment by the Company not for Cause, the portion of this Option which was otherwise exercisable pursuant to Section 4 on the date of such termination of employment may be exercised by the Optionee during regular business hours at any time prior to 5:00 P.M., Central Time, on the calendar day that is three months after the effective date of the Optionee's termination of employment. If such calendar day in the third month is not a business day, then the Option will expire at 5:00 P.M., Central Time, on the first business day immediately following such calendar day in the third month. (c) If the Optionee ceases to be an Employee of the Company due to the Optionee's death or Disability, the Option may be exercised by the Optionee at any time prior to 5:00 P.M., Central Time, on the first anniversary of the effective date of the Optionee's termination of employment. If the first anniversary is not a business day, then the Option will expire at 5:00 P.M., Central Time, on the first business day immediately following such first anniversary. View More
Found in EPR Properties contract
Effect of Separation from Service. If the Optionee ceases to be an Employee employee of the Company for any reason, including cessation by death or Disability, the effect of such termination of employment on all or any portion (whether an ISO or NQSO) of this Option is as provided below. Notwithstanding anything below to the contrary, in no event may the Option be exercised after the Expiration Date. (a) If the Optionee's employment is terminated for Cause, the Option will immediately be forfeited as of the time of such terminati...on. removal. (b) If the Optionee ceases to be an Employee employee of the Company due to the Optionee's resignation or termination of employment by the Company not for Cause, Cause and other than on account of death or Disability, the portion of this Option which was otherwise exercisable pursuant to Section 4 on the date of such termination of employment may be exercised by the Optionee during regular business hours at any time prior to 5:00 P.M., Central Time, on the calendar 90th day that is three months after following the effective EXHIBIT 10.58 date of the Optionee's termination of employment. termination. If such calendar 90th day in the third month is not a business day, then the Option will expire at 5:00 P.M., Central Time, on the first business day immediately following such calendar day in the third month. 90th day. (c) If the Optionee ceases to be an Employee employee of the Company due to the Optionee's death or Disability, the portion of this Option which was otherwise exercisable pursuant to Section 4 on the date of death or termination of employment due to disability may be exercised by the Optionee at any time prior to 5:00 P.M., Central Time, on the first anniversary of following the effective date of the Optionee's death or termination of employment. employment due to disability. If the such first anniversary is not a business day, then the Option will expire at 5:00 P.M., Central Time, on the first business day immediately following such first anniversary. View More
Found in Jack Henry & Associates Inc contract
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Effect of Separation from Service. (a) Retirement, Disability or Death. If you have a Separation from Service due to retirement, Disability or death, the unexercised and vested portion of the Option will remain exercisable by you or your successors, as the case may be, until the earlier of (i) the end of the 180-day period immediately following your Separation from Service and (ii) the Expiration Date. - 2 - Such portion of the Option shall terminate to the extent not exercised within such period. Any unvested portion of the Opti...on will immediately terminate and be forfeited upon such Separation from Service. If you die after your Separation from Service and at a time when all or a portion of the Option remains exercisable, your estate or designated beneficiary can exercise that portion of the option that remains exercisable for the 180-day period following your death (but not beyond the Expiration Date). Any portion of the option that is not exercised by the end of the 180-day period will automatically terminate and be forfeited. Notwithstanding the foregoing, special exercise provisions will apply (in accordance with Section 4(c) above) if your death occurs within ninety (90) days before the Expiration Date and your estate or designated beneficiary does not elect to exercise your vested options on or before the first business day immediately preceding the Expiration Date. (b) Termination for Cause. If you have a Separation from Service due to a termination by the Company for Cause, the vested and unvested portions of the Option will immediately expire on the date of such Separation from Service. (c) Other Separation from Service. If you have a Separation from Service as a result of any reason other than retirement, Disability, death or for Cause, any unexercised and vested portion of the Option will remain exercisable until the earlier of the end of the 90-day period immediately following such Separation from Service or the last day of the term of the Option. Such portion of the Option shall terminate to the extent not exercised within such 90-day period. Any unvested portion of the Option will terminate and will be forfeited upon such Separation from Service. View More
Found in B&G Foods, Inc. contract
Effect of Separation from Service. (a) Retirement, Disability or Death. If you have a Separation from Service due to retirement, Disability or death, the unexercised and vested portion of the Option will remain exercisable by you or your successors, as the case may be, until the earlier of (i) the end of the 180-day [180]-day period immediately following your Separation from Service and (ii) the Expiration Date. - 2 - Such portion of the Option shall terminate to the extent not exercised within such period. Any unvested portion o...f the Option will immediately terminate and be forfeited upon such Separation from Service. Service, provided, however, that if as of the date of such Separation from Service, (i) at least one year has lapsed since the Grant Date (and you have been continuously employed by the Company from the Grant Date until the date of your Separation from Service) and (ii) you are either (A) 62 years of age or older, or (ii) 55 years of age or older and have at least 10 years of service with the Company or any company or division acquired by the Company, a pro rata portion of the Option shall immediately vest upon your Separation from Service, with such pro rata portion being based on a fraction the numerator of which is the number of full months that have elapsed from the Grant Date until the date of your Separation from Service and the denominator of which is the number of months in the period from the Grant Date to the original Vesting Date. Such vested portion of the Option shall remain exercisable until the earlier of (i) the end of the [180]-day period immediately following your Separation from Service and (ii) the Expiration Date. If you die after your Separation from Service and at a time when all or a portion of the Option remains exercisable, your estate or designated beneficiary can exercise that portion of the option that remains exercisable for the 180-day period following your death (but not beyond the Expiration Date). Any portion of the option Option that is not exercised by the end of the 180-day [180]-day period will automatically terminate and be forfeited. Notwithstanding the foregoing, special exercise provisions will apply (in accordance with Section 4(c) above) if your death occurs within ninety (90) days before the Expiration Date and your estate or designated beneficiary does not elect to exercise the vested portion of your vested options Option, if any, on or before the first business day immediately preceding the Expiration Date. (b) Termination for Cause. If you have a Separation from Service due to a termination by the Company for Cause, the vested and unvested portions of the Option will immediately expire on the date of such Separation from Service. (c) Other Separation from Service. If you have a Separation from Service as a result of any reason other than retirement, Disability, death or for Cause, any unexercised and vested portion of the Option will remain exercisable until the earlier of the end of the 90-day [90]-day period immediately following such Separation from Service or the last day of the term of the Option. Such portion of the Option shall terminate to the extent not exercised within such 90-day [90]-day period. Any unvested portion of the Option will terminate and will be forfeited upon such Separation from Service. View More
Found in B&G Foods, Inc. contract
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