Termination of Employment Clause Example with 7 Variations from Business Contracts

Termination of Employment. In the event the Employee's employment is terminated prior to the end of the Retention Period, Fully-Vested Date, this Performance Award and any LTI Account under the Deferred Compensation Plan unpaid Cash Payment pursuant to this Agreement shall be immediately and irrevocably forfeited, unless the Employee's employment is terminated under the circumstances described below. In the event the Employee's employment is terminated prior to the end of the Performance Period by reason of a Qualifying T...ermination, Retirement (as defined in the Retention Period shall end on attached Exhibit A), Disability (as defined in the date of the Qualifying Termination. In the event attached Exhibit A) or death, the Employee incurs a Qualifying Termination before or the end of the Performance Period, the LTI Account Employee's estate, as applicable, shall be credited with entitled to receive a pro-rata portion (based on the amount of time elapsed between the beginning of the Performance Period and the date of termination) of the Cash Value Payment after the end of the Performance Period to the extent that the threshold, target or maximum performance level of the performance goals is achieved, as set forth in the attached Exhibit B and as determined under by the Committee in its sole discretion. In the event the Employee's employment is terminated after the Performance Period by reason of Retirement, Disability or death, the Employee or the Employee's estate, as applicable, shall be entitled to receive the Initial Payment (if not yet paid to the Employee) and the Final Payment. The Cash Payment to be paid to the Employee pursuant to this paragraph shall be paid in accordance with paragraph 5 above. View More

Termination of Employment. In the event the Employee's employment is terminated prior to the end of the Retention Performance Period, this Performance Award and any LTI Account under the Deferred Compensation Plan payment pursuant to this Agreement shall be immediately and irrevocably forfeited, unless the Employee's employment is terminated under the circumstances described below. In the event the Employee's employment is terminated prior to the end of the Performance Period by reason of a Qualifying Termination, Retirem...ent (as defined in the Retention Period shall end on attached Exhibit A), Disability (as defined in the date of the Qualifying Termination. In the event attached Exhibit A) or death, the Employee incurs a Qualifying Termination before or the end of the Performance Period, the LTI Account Employee's estate, as applicable, shall be credited with entitled to receive a pro-rata portion (based on the amount of time elapsed between the beginning of the Performance Period and the date of termination) of the Cash Value Payment and Share Payment earned, if any, after the end of the Performance Period to the extent that the threshold, target or maximum performance level of the performance goals is achieved, as set forth in the attached Exhibit B and as determined under by the Committee in its sole discretion. In the event the Employee's employment is terminated after the Performance Period by reason of Retirement, Disability or death, the Employee or the Employee's estate, as applicable, shall be entitled to receive the Cash Payment and Share Payment earned (if not yet paid to the Employee). Any payment to be paid to the Employee pursuant to this paragraph shall be paid in accordance with paragraph 5 above. View More

Termination of Employment. In the event the Employee's employment is terminated prior to the end last day of the Retention Performance Period, this Performance Award and any LTI Account unpaid Cash Value pursuant to this Agreement shall be immediately and irrevocably forfeited unless the Employee's employment is terminated under the Deferred Compensation Plan circumstances described below. In the event the Employee's employment is terminated prior to the Fully-Vested Date, the Final Payment shall be immediately and irrevo...cably forfeited, unless the Employee's employment is terminated under the circumstances described below. In the event the Employee's employment is terminated prior to the end of the Performance Period by reason of a Qualifying Termination, the Retention Period shall end on the date of the Qualifying Termination. In the event Termination the Employee incurs a Qualifying Termination before or the end of the Performance Period, the LTI Account Employee's estate, as applicable, shall be credited with entitled to receive a pro-rata portion (based on the amount of time elapsed between the beginning of the Performance Period and the date of termination) of the Cash Payment Value determined under paragraph 5 above. above, and the LTI Account shall be credited with a pro-rata portion of the Deferred Value, to the extent that the threshold, target or maximum performance level of the performance goals is achieved, as set forth in the attached Exhibit B and as determined by the Committee in its sole discretion. In the event the Employee's employment is terminated after the end of the end of the Performance Period by reason of a Qualifying Termination, the Employee or the Employee's estate, as applicable, shall be entitled to receive the Initial Payment (if not yet paid to the Employee) and the Final Payment, and the LTI Account shall be credited with the Deferred Value (if not yet credited to the Deferred Compensation Plan). View More

Termination of Employment. In the event the Employee's employment is terminated prior to the end of the Retention Period, this Performance Award and any LTI Account under the Deferred Compensation Plan shall be immediately and irrevocably forfeited, unless the Employee's employment is terminated under the circumstances described below. In the event the Employee's employment is terminated prior to the end of the Performance Retention Period by reason of a Qualifying Termination, Disability (as defined in the Plan) or death... (a "Qualifying Termination"), the Retention Period shall end on the date of the Qualifying Termination. In the event the Employee incurs a Qualifying Termination before the end of the Performance Period, the LTI Account shall be credited with a pro-rata portion (based on the amount of time elapsed between the beginning of the Performance Period and the date of termination) termination, as determined under the Plan) of the Cash Value determined under paragraph 5 4 above. 1 6. Change in Control. Upon a Change in Control (as defined in the Apogee Enterprises, Inc. 2009 Stock Incentive Plan), the Retention Period shall end on the date of the Change in Control. View More

Termination of Employment. In the event the Employee's employment is terminated prior to the end of the Retention Period, this Performance Award and any LTI Account under the Deferred Compensation Plan shall be immediately and irrevocably forfeited, unless the Employee's employment is terminated under the circumstances described below. In the event the Employee's employment is terminated prior to the end of the Performance Period by reason of a Qualifying Termination, the Retention Period shall end on the date of the Qual...ifying Termination. In the event the Employee incurs a Qualifying Termination before the end of the Performance Period, the LTI Account shall be credited with a pro-rata portion (based on the amount of time elapsed between the beginning of the Performance Period and the date of termination) of the Cash Value determined under paragraph 5 above. 1 7. Change in Control. Upon a Change in Control, the Retention Period shall end on the date of the Change in Control. If a Change in Control of the Company occurs during the Performance Period, then for purposes of determining the Cash Value amount, the Performance Period shall be deemed to end on the date of the Change in Control (the shortened Performance Period is referred to herein as the "Truncated Performance Period"). The Cash Value amount will be based on the extent of achievement of the threshold, target or maximum performance level of the performance goals, as adjusted for the Truncated Performance Period and determined by the Committee in its sole discretion. View More

Termination of Employment. In the event the Employee's employment is terminated prior to the end of the Retention Period, this Performance Award and any LTI Account under the Deferred Compensation Plan shall be immediately and irrevocably forfeited, unless the Employee's employment is terminated under the circumstances described below. In the event the Employee's employment is terminated prior to the end of the Performance Retention Period by reason of Disability (as defined below) or death (each, a Qualifying Termination..., "Qualifying Termination"), the Retention Period shall end on the date of the Qualifying Termination. In the event the Employee incurs a Qualifying Termination before the end of the Performance Period, the LTI Account shall be credited with a pro-rata portion (based on the amount of time elapsed between the beginning of the Performance Period and the date of termination) of the Cash Value determined under paragraph 5 3 above. "Disability" shall mean any physical or mental condition which would qualify the Employee for a disability benefit under any long-term disability plan maintained by the Company or any Affiliate then employing the Employee. View More

Termination of Employment. In the event the Employee's employment is terminated prior to the end of the Retention Period, this Performance Award and any LTI Account under the Deferred Compensation Plan shall be immediately and irrevocably forfeited, unless the Employee's employment is terminated under the circumstances described below. 1 In the event the Employee's employment is terminated prior to the end of the Performance Retention Period by reason of a Qualifying Termination, Disability (as defined in the Plan) or dea...th (a "Qualifying Termination"), the Retention Period shall end on the date of the Qualifying Termination. In the event the Employee incurs a Qualifying Termination before the end of the Performance Period, the LTI Account shall be credited with a pro-rata portion (based on the amount of time elapsed between the beginning of the Performance Period and the date of termination) termination, as determined under the Plan) of the Cash Value determined under paragraph 5 4 above. View More