Termination of Employment Clause Example from Business Contracts

This example Termination of Employment clause appears in 2 contracts from 1 company

Termination of Employment. For Vincent Viola and Douglas A. Cifu: (a) If the Participant's employment with the Company and its Affiliates is terminated (A) by the Company or its Affiliate without Cause, (B) by the Participant for Good Reason (as defined in the Participant's employment agreement with the Company or the Affiliate as in effect on the date of such termination), (C) due to the Participant's death or (D) by the Company or its Affiliate due to Disability, then the Option shall become immediately vested as of the... effective date of such termination. (b) If the Participant's employment with the Company and its Affiliates terminates for any reason other than as set forth in Section 3(a) hereof, the unvested portion of the Option shall be cancelled immediately and the Participant shall immediately forfeit any rights to the Option Shares subject to such unvested portion. For all other Participants: If the Participant's employment with the Company and its Affiliates terminates for any reason, the unvested portion of the Option shall be cancelled immediately and the Participant shall immediately forfeit any rights to the Option Shares subject to such unvested portion. View More
Found in Virtu Financial, Inc. contract
Virtu Financial, Inc. Contracts

VIRTU FINANCIAL, INC. 2014 MANAGEMENT INCENTIVE PLAN EMPLOYEE NONQUALIFIED OPTION AWARD AGREEMENT (Filed With SEC on March 27, 2014)

VIRTU FINANCIAL, INC. 2015 MANAGEMENT INCENTIVE PLAN EMPLOYEE NONQUALIFIED OPTION AWARD AGREEMENT (Filed With SEC on February 20, 2015)