Grouped Into 1 Collection of Similar Clauses From Business Contracts
This page contains Employment Conditions clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Employment Conditions. 3.1 Payout. In order to receive a payout of shares under this Agreement, Recipient must be employed by the Company continuously from the Award Date until the Vesting Event applicable to the underlying PSUs, except as provided in the Employment Agreement or Sections 3.2, 3.3 or 3.4 below. For purposes of this Agreement, Recipient is considered to be employed by the Company if Recipient is employed by the Company or any parent or subsidiary of the Company (an "Employer"). 3 3.2 Total Disability. I...f Recipient's employment with the Company is terminated at any time prior to a Vesting Event because of Total Disability (as defined in the Employment Agreement), any PSUs that are vested as of the Termination Date (as defined in the Employment Agreement), shall be settled in accordance with the terms of this Agreement. 3.3 Death. If Recipient's employment with the Company is terminated at any time prior to a Vesting Event because of death, any PSUs that are vested as of the Termination Date (as defined in the Employment Agreement), shall be settled in accordance with the terms of this Agreement. 3.4 Other Terminations. If Recipient's employment by the Company is terminated at any time prior to a Vesting Event and neither Section 3.2 nor Section 3.3 applies to such termination, Recipient shall not be entitled to receive any shares under this Agreement that have not vested prior to the date of termination.View More
Employment Conditions. 3.1 Payout. In order to receive a payout of shares under this Agreement, Recipient must be employed by the Company continuously continuous from the Award Date until the Vesting Event applicable to end of the underlying PSUs, Performance Period, except as provided in the Employment Agreement or Sections 3.2, 3.3 or 3.4 below. For purposes of this Agreement, Recipient is considered to be employed by the Company if Recipient is employed by the Company or any parent or subsidiary of the Company (an ..."Employer"). 3 3.2 Total Disability. If Recipient's employment with the Company is terminated at any time prior to a Vesting Event the end of the Performance Period because of Total Disability (as defined in the Employment Agreement), any PSUs that are vested as of the Termination Date (as defined in the Employment Agreement), including any PSUs that become vested in accordance with Section 5.5 of the Employment Agreement, shall be settled in accordance with the terms of this Agreement. 3.3 Death. If Recipient's employment with the Company is terminated at any time prior to a Vesting Event the end of the Performance Period because of death, any PSUs that are vested as of the Termination Date (as defined including any PSUs that become vested in accordance with Section 5.4 of the Employment Agreement), Agreement, shall be settled in accordance with the terms of this Agreement. 3.4 Termination without Cause or for Good Reason. If Recipient's employment by the Company is terminated by the Company without Cause or by Recipient for Good Reason at any time prior to the end of the Performance Period, the PSUs shall be treated in accordance with Section 5.3 of the Employment Agreement. If a Release is not executed by Recipient in accordance with the Employment Agreement or any other applicable provision of the Employment Agreement is not complied with by Recipient, Recipient shall not be entitled to receive any Common Shares that would become vested in accordance with Section 5.3 of the Employment Agreement. For the purposes of this Agreement, "Cause" and "Good Reason" shall have the meanings set forth in Employment Agreement. 3.5 Other Terminations. If Recipient's employment by the Company is terminated at any time prior to a Vesting Event the end of the Performance Period and neither Section 3.2 nor Section none of Sections 3.2, 3.3 or 3.4 applies to such termination, Recipient shall not be entitled to receive any shares under this Agreement that have not vested prior to the date of termination. Agreement. View More
