Termination of Employment Contract Clauses (4,973)

Termination of Employment. (a) Termination of Employment due to Death or Disability. If, on or prior to an applicable Vesting Date, the Participant's employment with the Company and its Affiliates is terminated (1) by the Company or one of its Affiliates due to the Participant's Disability, or (2) due to the Participant's death, then the RSUs, to the extent unvested, shall become fully vested as of the date of termination of employment. Such vested RSUs shall be settled within 60 days following such termination date, in S...hares, in cash in an amount equal to the number of vested 2 RSUs multiplied by the Fair Market Value of a Share as of such termination date, or in a combination of cash and Shares, as determined by the Committee. For the avoidance of doubt, this Section 5(a) shall not apply to any death or Disability of the Participant occurring after the date of termination of the Participant's employment for any reason (including Retirement). (b) Termination of Employment due to Retirement. If, on or prior to an applicable Vesting Date, the Participant's employment with the Company and its Affiliates is terminated by the Participant due to Retirement, then the RSUs shall continue to vest and be settled in accordance with the schedule set forth in Section 2, as if the Participant had remained continuously employed in active service by the Company or one of its Affiliates through the applicable Vesting Date. (c) Other Termination of Employment. If, prior to the final Vesting Date, the Participant's employment with the Company and its Affiliates terminates for any reason other than as set forth in Sections 5(a) or 5(b) above (including any termination of employment by the Participant for any reason other than Retirement, or by the Company with or without Cause), then all unvested RSUs shall be cancelled immediately and the Participant shall not be entitled to receive any payments with respect thereto. View More

Termination of Employment. 8.01 Definitions. 8.02 Termination upon Death or Disability. 8.03 Termination by the Company without Cause or Executive's Resignation for a Constructive Discharge. 8.04 Voluntary Termination by Executive or Termination for Cause. 8.05 No Mitigation.

Termination of Employment. (a) Termination of Employment Due to Death or Disability. If an Awardee's employment with the Company or any of its Subsidiaries or Affiliates terminates by reason of death or Disability, the restrictions and risk of forfeiture with respect to the Restricted Stock which have not expired shall immediately lapse and all shares of the Restricted Stock shall be deemed fully vested and nonforfeitable. (b) Termination of Employment Other Than Due to Death or Disability. If an Awardee's employment with... the Company or any of its Subsidiaries or Affiliates terminates for a reason other than death or Disability, the shares of Restricted Stock for which the restrictions and risk of forfeiture have not expired as of the date of termination shall be immediately forfeited without further action by the Company; provided, however, that the portion, if any, of those shares of Restricted Stock for which the restrictions and risk of forfeiture have expired as of the date of such termination shall not be forfeited. View More

Termination of Employment. (a)Subject to Section 5 hereof, in the event that the Participant ceases to be Employed by the Company or any of its Subsidiaries for any reason other than death or disability prior to the last day of the Performance Period, the Award and the Participant's right to receive any Performance Shares pursuant to this Agreement shall automatically expire and be forfeited without payment of any consideration, effective as of the last day of the Performance Period. (b)In the event that the Participant c...eases to be Employed by the Company or any of its Subsidiaries as a result of the Participant's death or disability prior to the last day of the Performance Period, the Participant will be issued a pro rata portion of the Earned Shares otherwise issuable pursuant to Section 3 hereof, with such pro rata portion calculated by multiplying the number of Earned Shares that would have been issued had the Participant's Employment not terminated during the Performance Period by a fraction, the numerator of which equals the number of days that the Participant was employed during 2 the Performance Period and the denominator of which equals the total number of days in the Performance Period. The Company shall issue the pro rata portion of the Earned Shares in accordance with the timing specified in Section 3(b) hereof. View More

Termination of Employment. Effective as of the Termination Date, the undersigned ("you") hereby resigns from all offices you hold with the Company and any of its subsidiaries. Effective as of the Termination Date, your active coverage under and participation in all benefit plans and programs sponsored by the Company shall (except for the coverage described in Section 3(b) below) terminate.

Termination of Employment. If the Grantee's employment with the Company and its Subsidiaries terminates for any reason (including death or disability) prior to the satisfaction of the vesting conditions set forth in Paragraph 2 above, any Restricted Stock Units that have not vested as of such date shall automatically and without notice terminate and be forfeited, and neither the Grantee nor any of his or her successors, heirs, assigns, or personal representatives will thereafter have any further rights or interests in suc...h unvested Restricted Stock Units. For purposes of the Award, the Grantee's employment will be considered terminated as of the date the Grantee is no longer actively providing services to the Company or any Subsidiary (regardless of the reason for such termination and whether or not later found to be invalid or in breach of employment laws in the jurisdiction where the Grantee is employed or the terms of the Grantee's employment agreement, if any). Unless otherwise determined by the Company, the Grantee's right to vest in the Restricted Stock Units, if any, will terminate as of such date and will not be extended by any notice period (e.g., the Grantee's period of service would not include any contractual notice period or any period of "garden leave" or similar period mandated under employment laws in the jurisdiction where the Grantee is employed or the terms of the Grantee's employment agreement, if any). The Administrator shall have the exclusive discretion to determine when the Grantee is no longer actively providing services for purposes of his or her Award (including whether the Grantee may still be considered to be providing services while on a leave of absence). View More

Termination of Employment. Effective the close of business on September 9, 2016 (the "Separation Date"), the Executive and the Company agree that the Executive's employment with the Company terminated. Effective on the Separation Date, the Executive has resigned from all positions he holds as an officer and/or member of the board of directors or board of managers of EVERTEC, Inc. ("Parent") and any of its subsidiaries, including the Company (Parent and its direct and indirect subsidiaries, including the Company, are herei...nafter referred to as the "Company Group") and from all committees of any such board of directors or board of managers. The Executive agrees that he will not hereafter seek reinstatement, recall or re-employment with the Company Group. The Executive further agrees that, in the event he is employed by any company or other entity that is acquired by or merged with any member of the Company Group, he shall resign from said employment immediately upon the acquisition, and that should the Executive fail or refuse to do so, this shall constitute just cause for termination and the Company Group may terminate his employment and the Executive shall have no recourse against the Company Group. The Executive acknowledges that this Release constitutes the required notice of termination of the Executive's employment pursuant to Section 3(g) of the Second Amended and Restated Employment Agreement, by and between the Company and the Executive, dated March 1, 2015 (the "Employment Agreement"). View More

Termination of Employment. If the Participant's employment or service with the Company or any Affiliate, as applicable, terminates for any reason (except as provided in Section 2 hereof), then all unvested Restricted Shares shall be cancelled immediately and the Participant shall immediately forfeit any rights to such Restricted Shares.

Termination of Employment. Except as provided in paragraphs 5, 6, 7, or 8, if Participant's Employment is terminated prior to the close of the Performance Cycle for any reason, the Participant's right to the Performance Units shall be forfeited in its entirety as of the date of such termination, and the rights of the Participant and the obligations of the Company under this Award Agreement shall be terminated.

Termination of Employment. (a) At will Employment. The parties hereto acknowledge that Employee's employment hereunder is "at will", that is, Employee may be terminated by the Company or Employee may voluntarily resign, at any time with or without cause. Absent exigent circumstances, (i) in the event that the Company wishes to terminate Employee's employment hereunder, the Company will provide 1 month's notice prior to such termination and (ii) in the event that Employee wishes to terminate his employment hereunder, Emplo...yee will provide 1 month's notice prior to such termination. Failure of either party to provide such notice shall not affect the timing or validity of the termination. However, if either party provides notice of termination, Employer may in its sole discretion, at any time during the notice period decide to terminate Employee's employment immediately in exchange for a lump sum payment for the remainder of the 1 month notice period. The date upon which any party hereto terminates Employee's employment shall be referred to as the "Termination Date". Upon the Termination Date, and except as otherwise specifically set forth herein, the Company shall have no obligation to make payments to Employee in accordance with the provisions of Section 5, or, except as otherwise required by law, to provide the benefits described in Section 6, for periods after Employee's employment with the Company is terminated except for Base Salary accrued through the Termination Date and reimbursable expenses incurred through such date. (b) Death. Employee's employment hereunder shall terminate upon the death of Employee. The Company shall have no obligation to make payments to Employee in accordance with the provisions of Section 5, or, except as otherwise required by law or the terms of any applicable benefit plan, to provide the benefits described in Section 6, for periods after the date of Employee's death except for Base Salary earned and accrued through the date of death, payable to Employee's beneficiary, as Employee shall have indicated in writing to the Company (or if no such beneficiary has been designated, to Employee's estate) and Reimbursable Expenses incurred through such date. View More