Termination of Employment Clause Example with 5 Variations from Business Contracts

This page contains Termination of Employment clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Termination of Employment. (a) Cause. In the event that Grantee's employment is terminated by any entity in the Company Group for Cause, as of the date of such termination of employment all Restricted Share Units shall cease to vest and any outstanding Restricted Share Units and Vested Shares that have yet to settle pursuant to Section 8 hereof, shall immediately be forfeited to the Company without payment of consideration by the Company. (b) Other. Unless the Committee determines otherwise, in the event that Grantee's em...ployment is terminated for any reason other than for Cause, as of the date of such termination of employment all Restricted Share Units shall cease to vest and, with the exception of any Vested Shares that have yet to settle pursuant to Section 8 hereof, shall immediately be forfeited to the Company without payment of consideration by the Company. View More
Found in Activision Blizzard contract

Variations of a "Termination of Employment" Clause from Business Contracts

Termination of Employment. (a) Cause. In the event that Grantee's employment is terminated by any entity in the Company Group or any of its subsidiaries or affiliates for Cause, as of the date of such termination of employment all Restricted Share Units shall cease to vest and any outstanding Restricted Share Units and Vested Shares that have yet to settle pursuant to Section 8 hereof, 7 hereof shall immediately be forfeited to the Company without payment of consideration by the Company. (b) Without Cause or Following Rel...ocation of Employment Without Consent. In the event that Grantee's employment is terminated by the Company or any of its subsidiaries or affiliates without Cause or by Grantee pursuant to Section 10(c) of the Employment Agreement, the Restricted Share Units that would have ultimately vested in accordance with the "Schedule for Vesting" set forth on the Grant Notice if Grantee's employment had continued until March 31, 2015 shall vest as of the 60th day following the termination date; provided, however, that if the waiver and release to be executed by Grantee in accordance with the Employment Agreement does not become effective and irrevocable in its entirety in accordance with the Employment Agreement, with the exception of any Vested Shares that have yet to settle pursuant to Section 7 hereof, the Restricted Share Units cease to vest as of the termination date and shall be forfeited to the Company without payment of consideration by the Company on the 60th day following the termination date. A-3 (c) Death. In the event Grantee dies while employed by the Company or any of its subsidiaries or affiliates, the Restricted Share Units that would have ultimately vested in accordance with the "Schedule for Vesting" set forth on the Grant Notice if Grantee's employment had continued until March 31, 2015 shall immediately vest. (d) Other. Unless the Committee determines otherwise, otherwise in the event that Grantee's employment is terminated for any reason other than for Cause, not addressed by Section 3(a), 3(b) or 3(c), as of the date of such termination of employment all Restricted Share Units shall cease to vest and, with the exception of any Vested Shares that have yet to settle pursuant to Section 8 7 hereof, shall immediately be forfeited to the Company without payment of consideration by the Company. View More
Found in Activision Blizzard contract
Termination of Employment. (a) Cause. In the event that Grantee's employment is terminated by any entity in the Company Group for Cause, as of the date of such termination of employment all Restricted Share Units the Restrictions shall cease to vest lapse and any outstanding all Restricted Share Units and Vested Shares that have yet to settle pursuant to Section 8 hereof, shall immediately be forfeited to the Company without payment of consideration by the Company. (b) Other. Unless the Committee determines otherwise, in ...the event that Grantee's employment is terminated for any reason other than for Cause, as of the date of such termination of employment all Restricted Share Units the Restrictions shall cease to vest and, with the exception of any Vested lapse and all Restricted Shares that have yet to settle pursuant to Section 8 hereof, shall immediately be forfeited to the Company without payment of consideration by the Company. View More
Found in Activision Blizzard contract
Termination of Employment. (a) Cause. In the event that Grantee's employment is terminated by any entity in the Company Group for Cause, as of the date of such termination of employment all Restricted Performance Share Units shall cease to vest and any outstanding Restricted Performance Share Units and Vested Shares that have yet to settle pursuant to Section 8 hereof, hereof shall immediately be forfeited to the Company without payment of consideration by the Company. (b) Other. Unless the Committee determines otherwise,... in In the event that Grantee's employment is terminated for any reason other than for Cause, as of the date of such termination of employment all Restricted Performance Share Units shall cease be treated as to vest and, vesting in accordance with the exception provisions of any Vested Shares that have yet to settle pursuant to Section 8 hereof, shall immediately be forfeited to the Company without payment of consideration by the Company. Employment Agreement. View More
Found in Activision Blizzard contract
Termination of Employment. (a) Cause. In the event that Grantee's employment is terminated by any entity in the Company Group for Cause, as of the date of such termination of employment all Restricted Performance Share Units shall cease to vest and any outstanding Restricted Performance Share Units and Vested Shares that have yet to settle pursuant to Section 8 hereof, hereof shall immediately be forfeited to the Company without payment of consideration by the Company. (b) Other. Resignation. Unless the Committee determin...es otherwise, in the event that Grantee's employment is terminated for any reason other than for Cause, upon his Resignation, as of the date of such termination of employment all Restricted Performance Share Units shall cease to vest and, with the exception of any Vested Shares that have yet to settle pursuant to Section 8 hereof, shall immediately be forfeited to the Company without payment of consideration by the Company. (c) Other. In the event that Grantee's employment is terminated for any reason, the terms of the Employment Agreement shall govern the impact on the Performance Share Units. View More
Found in 3 Contracts from Activision Blizzard
Termination of Employment. (a) Cause. In the event that Grantee's employment is terminated by any entity in the Company Group or any of its subsidiaries or affiliates for Cause, as of the date of such termination of employment all Restricted Share Units shall cease to vest and any outstanding Restricted Share Units and Vested Shares that have yet to settle pursuant to Section 8 hereof, 7 hereof shall immediately be forfeited to the Company without payment of consideration by the Company. (b) Other. Unless the Committee de...termines otherwise, in the event that Grantee's employment is terminated for any reason other than for Cause, as of the date of such termination of employment all Restricted Share Units shall cease to vest and, with the exception of any Vested Shares that have yet to settle pursuant to Section 8 7 hereof, shall immediately be forfeited to the Company without payment of consideration by the Company. View More
Found in 3 Contracts from Activision Blizzard