Termination of Employment Contract Clauses (4,973)

Grouped Into 164 Collections of Similar Clauses From Business Contracts

This page contains Termination of Employment clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Termination of Employment. In the event your employment is terminated prior to vesting of the PSUs for any reason other than as provided in paragraph 3 with regard to certain terminations following a Change in Control of the Company, all PSUs granted hereunder shall immediately be forfeited by you and canceled, except as otherwise provided in the Company's "Retirement Policy Applicable to Employee Equity Awards" or otherwise provided in any employment agreement between you and the Company in effect at the date of your ter...mination. View More
Termination of Employment. In the event your employment is terminated prior to vesting of the PSUs for any reason other than a as provided in paragraph 3 with regard to certain terminations following a Change in Control of the Company, all PSUs granted hereunder shall immediately be forfeited by you and canceled, except as otherwise provided in the Company's "Retirement Policy Applicable to Employee Equity Awards" Awards: or otherwise provided in any employment agreement between you and the Company in effect at the date o...f your termination. View More
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Termination of Employment. If your employment with the Company is terminated for any reason other than death [or retirement as provided in Section 8] or you incur a Disability prior to the date a Growth Plan Unit payment is to be made pursuant to Section 5 above, any unpaid amounts shall be forfeited and your rights with respect to any Growth Plan Units will terminate unless the Committee, or its designee, determines otherwise in its sole and absolute discretion.
Termination of Employment. If your employment with the Company is terminated for any reason other than death [or retirement as provided in Section 8] or you incur a Disability prior to the date a Growth Plan Unit payment is to be made pursuant to Section 5 above, any unpaid amounts shall be forfeited and your rights with respect to any Growth Plan Units will terminate unless the Committee, or its designee, determines otherwise in its sole and absolute discretion.
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Termination of Employment. Except in the case of a termination of employment due to the Employee's death, retirement or total and permanent disability, the Employee must remain in the employ of the Company on a continuous basis through the last U.S. business day of the relevant Segment in order to be eligible to receive any amount of the PARSU except to the extent a severance plan applicable to the Employee provides otherwise, subject to the terms and conditions of this Grant Agreement.
Termination of Employment. Except in the case of a termination of employment due to the Employee's death, retirement or total and permanent disability, the Employee must remain in the employ of the Company (or a Subsidiary or Affiliate) on a continuous basis through the last U.S. business day of the relevant Segment in order to be eligible to receive vest in any amount of the PARSU Shares except to the extent a severance plan applicable to the Employee provides otherwise, subject to the terms and conditions of this Grant ...Agreement. View More
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Termination of Employment. (a) Cause. In the event that the Holder's employment is terminated by any entity in the Company Group for Cause, as of the date of such termination of employment the Stock Option shall (i) cease to vest, if not then fully vested, (ii) no longer be exercisable, whether or not vested, and (iii) be immediately cancelled. A-4 (b) Death or Disability. Unless the Committee determines otherwise, in the event that the Holder dies while employed by any entity in the Company Group or the Holder's employme...nt with any entity in the Company Group is terminated due to the Holder's Disability, the Stock Option shall (i) cease to vest as of the date of the Holder's death or the first date of the Holder's Disability (as determined by the Committee), as the case may be, and (ii) to the extent vested as of the date of the Holder's death or the first date of the Holder's Disability, as the case may be, remain exercisable in accordance with these Award Terms until the earlier of (A) the first anniversary of the date of the Holder's death or termination of employment, as the case may be, and (B) the Expiration Date, after which the Stock Option shall no longer be exercisable and shall be immediately cancelled. To the extent not vested as of the date of the Holder's death or the first date of the Holder's Disability, as the case may be, the Stock Option shall be immediately cancelled and shall no longer be exercisable. (c) Other. Unless the Committee determines otherwise, in the event that the Holder's employment is terminated for any reason not addressed by Section 4(a) or 4(b) hereof, the Stock Option shall (i) cease to vest as of the date of such termination of employment and (ii) to the extent vested as of the date of such termination of employment, be exercisable in accordance with these Award Terms until the earlier of (A) the 30th day after the date of such termination of employment (or, if the Holder is prohibited from exercising the Stock Option during some or all of the 30-day period following such termination date because such exercise would not be in compliance with the Exercise Rules and Regulations, whatever later date may be determined in accordance with a Committee-approved policy) and (B) the Expiration Date, after which the Stock Option shall no longer be exercisable and shall be immediately cancelled. To the extent not vested as of the date of such termination of service, the Stock Option shall be immediately cancelled and shall no longer be exercisable. View More
Termination of Employment. (a) Cause. In the event that the Holder'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 the Stock Option shall (i) cease to vest, if not then fully vested, (ii) no longer be exercisable, whether or not vested, and (iii) be immediately cancelled. A-4 (b) Death or Disability. Unless the Committee determines otherwise, in Death. In the event that the Holder dies while employed by any e...ntity in the Company Group or the Holder's employment with any entity in the Company Group is terminated due to the Holder's Disability, of its subsidiaries or affiliates, the Stock Option shall (i) cease continue to vest until March 31, 2015 as of the date of if the Holder's death or the first employment had continued until that date of the Holder's Disability (as determined by the Committee), as the case may be, and (ii) to the extent vested as of the date of the Holder's death or the first date of the Holder's Disability, as the case may be, remain be exercisable in accordance with these Award Terms until the earlier of (A) the first anniversary of the date of the Holder's death or termination of employment, as the case may be, and (B) the Expiration Date, April 30, 2015, after which the Stock Option shall no longer be exercisable and shall be immediately cancelled. To (c) Without Cause or Following Relocation of Employment Without Consent. In the extent not vested as event that the Holder's employment is terminated by the Company or any of its A-4 subsidiaries or affiliates without Cause or by the Holder pursuant to Section 10(c) of the date of the Holder's death or the first date of the Holder's Disability, as the case may be, Employment Agreement, the Stock Option shall (i) vest on March 31, 2015 as if the Holder's employment had continued until that date and (ii) be immediately cancelled and exercisable in accordance with these Award Terms until April 30, 2015, after which the Stock Option shall no longer be exercisable. (c) exercisable and shall be immediately cancelled; provided, however, that if the waiver and release executed by the Holder in accordance with the Employment Agreement does not become effective and irrevocable in its entirety in accordance with the Employment Agreement, the Stock Option shall (i) cease to vest as of the termination date, if not then fully vested, (ii) no longer be exercisable, whether or not vested, and (iii) be cancelled. (d) Other. Unless the Committee determines otherwise, in the event that the Holder's employment is terminated for any reason not addressed by Section 4(a) 4(a), 4(b) or 4(b) 4(c) hereof, the Stock Option shall (i) cease to vest as of the date of such termination of employment and (ii) to the extent vested as of the date of such termination of employment, be exercisable in accordance with these Award Terms until the earlier of (A) the 30th day after the date of such termination of employment (or, if the Holder is prohibited from exercising the Stock Option during some or all of the 30-day period following such termination date because such exercise would not be in compliance with the Exercise Rules and Regulations, whatever later date may be determined in accordance with a Committee-approved policy) and (B) the Expiration Date, after which the Stock Option shall no longer be exercisable and shall be immediately cancelled. To the extent not vested as of the date of such termination of service, the Stock Option shall be immediately cancelled and shall no longer be exercisable. View More
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Termination of Employment. Except as otherwise expressly provided in this Agreement, if the Grantee's employment with the Company terminates for any reason at any time before all of his or her RSUs have vested, the Grantee's unvested RSUs shall be automatically forfeited upon such termination of employment, and neither the Company nor any Affiliate shall have any further obligations to the Grantee under this Agreement.
Termination of Employment. Except as otherwise expressly provided in this Agreement or the Employment Agreement, if the Grantee's employment with under the Company terms of his Employment Agreement terminates for any reason at any time before all of his or her RSUs have vested, the Grantee's unvested RSUs shall be automatically forfeited upon such termination of employment, and neither the Company nor any Affiliate shall have any further obligations to the Grantee under this Agreement.
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Termination of Employment. a. Effective immediately, Executive hereby resigns as the President and Chief Executive Officer of the Company, at which time Executive's employment with the Company will terminate (the "Date of Termination"). As of the Date of Termination, Executive will resign all positions Executive holds as an officer, director, employee, trustee, or committee member of the Company and its subsidiaries and affiliates. Executive will promptly execute such documents and take such actions as may be necessary or... reasonably requested by the Company to effect or memorialize his resignation as President and Chief Executive Officer and from such other positions. Executive's resignation as of the Date of Termination will be considered a termination of the Term (as defined in the Employment Agreement) and a discharge of Executive without Cause pursuant to Section 5(d) of the Employment Agreement. b. Executive's termination pursuant to Section 1(a) of this Separation Agreement will be a "separation from service" (a "Separation From Service") as defined in Section 409A of the Internal Revenue Code of 1986, as amended, and the regulations and official guidance issued thereunder ("Section 409A"). View More
Termination of Employment. a. (a) Effective immediately, as of 11:59 pm, Eastern Time, on June 25, 2015, Executive hereby resigns as the President and Chief Executive Officer of the Company, and will promptly execute such documents and take such actions as may be necessary or reasonably requested by the Company to effect or memorialize the resignation of such position, at which time Executive's employment with the Company will terminate (the "Date of Termination"). "Termination Date"). As of the Date of Termination, Termi...nation Date, Executive will resign all positions Executive holds as an officer, director, employee, trustee, or committee member of the Company and its subsidiaries and affiliates. Executive will promptly execute such documents and take such actions as may be necessary or reasonably requested by the Company to effect or memorialize his the resignation as President and Chief Executive Officer and from of such other positions. Executive's resignation as of the Termination Date of Termination will be considered a termination of the Term for Good Reason (as such term is defined in the Employment Agreement) and a discharge of Executive without Cause pursuant to Section 5(d) of the Employment Agreement. b. Letter Agreement). (b) Executive's termination pursuant to Section 1(a) of this Separation Agreement will be a "separation from service" (a "Separation From Service") as defined in Section 409A of the Internal Revenue Code of 1986, as amended, and the regulations and official guidance issued thereunder thereunder, ("Section 409A"). 409A"), a ("Separation From Service"). View More
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Termination of Employment. Except as provided above and in the immediately following sentence, upon the termination of the employment of the Employee or other service of Employee with the Company or a Subsidiary, for any reason, all Restricted Share Units shall be forfeited immediately. Notwithstanding anything in this Agreement to the contrary, if Employee voluntarily terminates employment with the Company and, at the effective date of such termination (the "Effective Date"), (i) Employee has worked full time for the Com...pany for no less than ten years and (ii) Employee is at least 65 years of age, then, commencing on the Effective Date, unless Employee is then, or at any time thereafter during the Vesting Period for a tranche of Restricted Share Units in breach of any of Employee's obligations under an applicable Employment Agreement, if any (in which case, all unvested tranches of Restricted Share Units will be forfeited), then, notwithstanding such termination by Employee, the Restricted Share Units shall continue to vest pursuant to the vesting schedule described in Section 2(b), above, and the other terms hereof shall continue to be in effect. View More
Termination of Employment. Except as provided above and in the immediately following sentence, upon the termination of the employment of the Employee or other service of Employee with the Company or a Subsidiary, Subsidiary for any reason, all Restricted Performance Share Units shall be forfeited immediately. Notwithstanding anything in this Agreement to the contrary, if Employee voluntarily terminates employment with the Company and, at the effective date of such termination (the "Effective Date"), (i) Employee has worke...d full time for the Company for no less than ten years and years, (ii) Employee is at least 65 years of age, age and (iii) the Performance Criteria for the vesting of the Performance Share Units in question have been confirmed by the compensation committee of the board of directors of the Company to have been achieved, then, commencing on the Effective Date, unless Employee is then, or at any time thereafter during the Vesting Period for a tranche of Restricted Performance Share Units in breach of any of Employee's obligations under an applicable Employment Agreement, if any (in which case, all unvested tranches of Restricted Performance Share Units will be forfeited), then, notwithstanding such termination by Employee, the Restricted Performance Share Units shall continue to vest pursuant to the vesting schedule described in Section 2(b), above, and the other terms hereof shall continue to be in effect. effect provided that the requirement of the first sentence of the last paragraph of Section 2, above, is met. 2 6. Use of Broker. In order to assure compliance with any applicable tax withholding requirements, Vested Shares may only be sold through a securities broker selected by the Company, currently the Coral Gables office of Merrill Lynch. View More
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Termination of Employment. The Participant agrees that, except as set forth below, upon his or her termination from the Company or a Related Company for any reason prior to the end of the Performance Period, the Participant shall forfeit any rights he or she may have under this Contract on the effective Date of Termination. In the event that the Participant's employment by the Company or a Related Company is terminated prior to the end of the Performance Period, but either on or after a Retirement Event or by reason of de...ath or Disability, and the Participant has not been terminated for Cause, the number of Shares under this Contract eligible for payout at the end of the Performance Period, to the extent the performance parameters outlined in the attached memorandum are met, shall equal (i) the number of Shares granted pursuant to this Contract, multiplied by (ii) a fraction, the numerator of which is the number of days from January 1, 2014 through the Participant's Date of Termination, and the denominator of which is the number of days in the Performance Period. In the event the immediately preceding sentence applies, effective as of the Date of Termination, all Shares in excess of the amount that are eligible for vesting by operation of the immediately preceding sentence shall be forfeited and cease to be outstanding. For purposes hereof, a "Retirement Event" means the date the Participant reaches age 58 and has five years of continuous service with the Company and/or one or more of the Related Companies immediately prior to the Date of Termination. View More
Termination of Employment. The Participant agrees that, except as set forth below, upon his or her termination from the Company or a Related Company for any reason prior to the end of the Performance Period, Vesting Date, the Participant shall forfeit any rights he or she may have under this Contract on the effective Date of Termination. In the event that the Participant's employment by the Company or a Related Company is terminated prior to the end of the Performance Period, Vesting Date, but either on or after a Retirem...ent Event or by reason of death or Disability, and the Participant has not been terminated for Cause, the number of Shares Units under this Contract eligible for payout at the end of the Performance Period, to the extent the performance parameters outlined in the attached memorandum are met, Vesting Date shall equal (i) the number of Shares Units granted pursuant to this Contract, multiplied by (ii) a fraction, the numerator of which is the number of days from January 1, 2014 through during the period beginning on the Grant Date and ending on the Participant's Date of Termination, and the denominator of which is the number of days in during the Performance Period. period beginning on the Grant Date and ending on the Vesting Date. In the event the immediately preceding sentence applies, effective as of the Date of Termination, all Shares Units in excess of the amount that are eligible for vesting by operation of the immediately preceding sentence shall be forfeited and cease to be outstanding. For purposes hereof, a "Retirement Event" means the date the Participant reaches age 58 and has five years of continuous service with the Company and/or one or more of the Related Companies immediately prior to the Date of Termination. View More
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Termination of Employment. You acknowledge that your employment with the Company terminated effective as of the close of business on [__________] (the "Separation Date"). The Separation Date shall be the termination date of your employment for purposes of participation in and coverage under all employee benefit plans and programs sponsored by or through the Company and its partnerships, joint ventures, and related business entities, and with respect to each of them, their predecessors, successors and assigns, employee ben...efit plans or funds, and with respect to each such entity, all of its or their past, present and/or future directors, officers, attorneys, fiduciaries, agents, trustees, administrators, employees and assigns, whether acting on behalf of the Company or in their individual capacities (collectively the "Company Entities"), except as otherwise provided herein, or under the terms of the benefit plans, or as required by law. As soon as practicable following the Separation Date, but in no event later than the time period required under applicable law, you will be paid for all of your earned but unpaid salary as of the Separation Date, for all accrued but unused vacation and sick time as of the Separation Date, and for any business expenses incurred as of the Separation Date and properly submitted in accordance with Company policy. In addition, you may be entitled to continue medical and health benefits under the Consolidated Omnibus Budget Reconciliation Act of 1985 ("COBRA"), subject to the eligibility and other requirements of COBRA. View More
Termination of Employment. You acknowledge that your employment with the Company terminated effective as of the close of business on [__________] [ ] (the "Separation Date"). The Separation Date shall be the termination date of your employment for purposes of participation in and coverage under all employee benefit plans and programs sponsored by or through the Company and its partnerships, joint ventures, and related business entities, and with respect to each of them, their predecessors, successors and assigns, employee... benefit plans or funds, and with respect to each such entity, all of its or their past, present and/or future directors, officers, attorneys, fiduciaries, agents, trustees, administrators, employees and assigns, whether acting on behalf of the Company or in their individual capacities (collectively the "Company Entities"), except as otherwise provided herein, or under the terms of the benefit plans, or as required by law. As soon as practicable following the Separation Date, but in no event later than the time period required under applicable law, you will be paid for all of your earned but unpaid salary as of the Separation Date, for all accrued but unused vacation and sick time as of the Separation Date, and for any business expenses incurred as of the Separation Date and properly submitted in accordance with Company policy. In addition, you may be entitled to continue medical and health benefits under the Consolidated Omnibus Budget Reconciliation Act of 1985 ("COBRA"), subject to the eligibility and other requirements of COBRA. View More
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Termination of Employment. Effective as of March 20, 2015 (the "Separation Date"), Executive's employment with the Company and its affiliates (including, without limitation, as President and Chief Executive Officer of the Company) shall terminate and Executive shall cease to be an employee and officer of any and all of the foregoing. In addition, as of the Separation Date, Executive shall, and by execution of this Agreement he does, resign from any and all directorships Executive may hold with the Company or any of its af...filiates, including from the Board of Directors of the Company. Executive hereby agrees to execute any and all additional documentation the Company may deem necessary or appropriate to effectuate such resignations upon request by the Company, but he shall be treated for all purposes as having so resigned upon the Separation Date, regardless of when or whether he executes any such additional documentation. As used in this Agreement, the term "affiliate" means any entity controlled by, controlling, or under common control with, the Company. View More
Termination of Employment. Effective as of March 20, 2015 July 26, 2017 (the "Separation Date"), Executive's employment with the Company and its affiliates (including, without limitation, as President and Chief Executive Officer of the Company) shall terminate and Executive shall cease to be an employee and officer of any and all of the foregoing. In addition, as of the Separation Date, Executive shall, and by execution of this Agreement he does, resign from any and all directorships Executive may hold with the Company or... any of its affiliates, including from the Board of Directors of the Company. Company (the "Board"). Executive hereby agrees to execute any and all additional documentation the Company may deem necessary or appropriate to effectuate such resignations upon request by the Company, but he shall be treated for all purposes as having so resigned upon the Separation Date, regardless of when or whether he executes any such additional documentation. As used in this Agreement, the term "affiliate" means any entity controlled by, controlling, or under common control with, the Company. View More
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