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. 5.1 Termination Without Cause Or Resignation For Good Reason. 5.2 Other Termination. 5.3 Definitions. 5.5 Effect of Termination. 5.6 Section 409A Compliance. 5.7 Section 280G.
Termination of Employment. 5.1 Termination Without Cause Or Resignation For Good Reason. 5.2 Other Termination. 5.3 Definitions. 5.5 Effect of Termination. 5.6 Section 409A Compliance. 5.7 Section 280G.
Termination of Employment. A. General. The Executive hereby acknowledges and agrees that her separation from service with the Company Group and her resignation from any and all titles, positions, and appointments the Executive holds with the Company or any member of the Company Group, whether as an officer, director, employee, consultant, trustee, committee member, agent, or otherwise, will become effective as of the Separation Date. Except as otherwise expressly set forth herein, effective as of the Separation Date, the ...Executive shall have no authority to act on behalf of any member of the Company Group and shall not hold herself out as having such authority, enter into any agreement or incur any obligations on behalf of any member of the Company Group, commit any member of the Company Group in any manner, or otherwise act in an executive or other decision-making capacity with respect to any member of the Company Group. The Executive agrees to promptly execute such documents as the Company, in its sole discretion, shall reasonably deem necessary to effect such resignations. The Separation Date shall be the termination date of the Executive's employment for purposes of participation in and coverage under all benefit plans and programs sponsored by or through the Company, except as otherwise provided herein.View More
Termination of Employment. A. General. The Company and the Executive hereby agree that, on December 31, 2021, or on an earlier date as and when requested by the Company, the Executive shall resign as Chief Financial Officer of the Company and its subsidiaries and shall cease to be an executive officer of the Company (such date, the "Transition Date"). If the Transition Date occurs prior to the Retirement Date, the Executive will remain employed with the Company Group as a Senior Advisor through the Retirement Date. The Ex...ecutive hereby acknowledges and agrees that her his separation from service with the Company Group Group, whether or not the Executive remains in his position as Chief Financial Officer, and her his resignation from any and all titles, positions, and appointments the Executive holds with the Company or any member of the Company Group, whether as an officer, director, employee, consultant, trustee, committee member, agent, agent or otherwise, will become effective as of the Separation Date. close of business on December 31, 2021; provided, that such separation from service shall occur earlier upon the Executive's death, a termination due to his Disability (as defined in the Employment Agreement) or a termination by Taylor Morrison for Cause (as defined in the Employment Agreement); provided, further that the Company and/or Taylor Morrison, in their sole discretion, may elect to extend the date of such separation from service on a month-to-month basis through March 31, 2022, by providing reasonable notice to the Executive of its desire to do so (the Executive's ultimate date of such separation from service, the "Retirement Date"). Except as otherwise expressly set forth herein, effective as of the Separation Retirement Date, the Executive shall have no authority to act on behalf of any member of the Company Group and shall not hold herself himself out as having such authority, enter into any agreement or incur any obligations on behalf of any member of the Company Group, commit any member of the Company Group in any manner, or otherwise act in an executive or other decision-making capacity with respect to any member of the Company Group. The Executive agrees to promptly execute such documents as the Company, in its sole good faith discretion, shall reasonably deem necessary to effect such resignations. The Separation Retirement Date shall be the termination date of the Executive's employment for purposes of participation in and coverage under all benefit plans and programs sponsored by or through the Company, except as otherwise provided herein. The terms and conditions set forth herein shall exclusively govern the Executive's continued employment with the Company from and after the date of this Agreement. B. Duties. During the period commencing on the date of this Agreement and ending on the Retirement Date (the "Transition Period"), the Executive shall continue to perform such duties as reasonably assigned by the Company and/or Taylor Morrison consistent with his then-current position, including without limitation transitional matters relating to the transition of his duties to his successor. View More
Termination of Employment. A. General. The Executive hereby acknowledges and agrees that her separation from service with the Company Group and her resignation from any and all titles, positions, and appointments the Executive holds with the Company or any member of the Company Group, whether as an officer, director, employee, consultant, trustee, committee member, agent, or otherwise, will become effective as of the Separation Date; provided, that, effective immediately following the commencement of employment of a succe...ssor Chief Financial Officer appointed by the Company, the Executive shall cease to hold the title of Chief Financial Officer of the Company or any member of the Company Group and shall instead have the title of Special Advisor to the Chief Financial Officer until the Separation Date. Except as otherwise expressly set forth herein, effective as of the Separation Date, the Executive shall have no authority to act on behalf of any member of the Company Group and shall not hold herself out as having such authority, enter into any agreement or incur any obligations on behalf of any member of the Company Group, commit any member of the Company Group in any manner, or otherwise act in an executive or other decision-making capacity with respect to any member of the Company Group. The Executive agrees to promptly execute such documents as the Company, in its sole discretion, shall reasonably deem necessary to effect such resignations. The Separation Date shall be the termination date of the Executive's employment for purposes of participation in and coverage under all benefit plans and programs sponsored by or through the Company, except as otherwise provided herein. For the avoidance of doubt, the Separation Date will be the last day of the Employment Period (as defined in the Employment Agreement). View More
Termination of Employment. 6.1Termination by Virtue of Death or Disability of Executive. 6.2Termination by the Company or Resignation by Executive (not in connection with a Change in Control). 6.3Termination by the Company without Cause or Resignation by Executive for Good Reason (in connection with a Change in Control). 6.4Cooperation With the Company After Termination of Employment. 6.5Effect of Termination. 6.6Application of Section 409A. 6.7Excise Tax Adjustment. 7.1Notices. 7.2Severability. 7.3Waiver. 7.4Complete Agr...eement. 7.5Counterparts. 7.6Headings. 7.7Successors and Assigns. 7.8Choice of Law. 7.9Resolution of Disputes.View More
Termination of Employment. 6.1Termination by Virtue of Death or Disability of Executive. 6.2Termination by the Company or Resignation by Executive (not in connection with a Change in Control). 6.3Termination by the Company without Cause or Resignation by Executive for Good Reason (in connection with a Change in Control). 6.4Cooperation With the Company After Termination of Employment. 6.5Effect of Termination. 6.6Application 1.1Application of Section 409A. 6.7Excise 6.6Excise Tax Adjustment. 7.1Notices. 7.2Severability. 7....3Waiver. 7.4Complete Agreement. 7.5Counterparts. 7.6Headings. 7.7Successors and Assigns. 7.8Choice of Law. 7.9Resolution 1.2Resolution of Disputes. View More
Termination of Employment. In the event of the Participant's termination of employment with the Company prior to the vesting of all shares of Restricted Stock hereunder for any reason other than death or Disability, all unvested shares of Restricted Stock shall be cancelled immediately without consideration as of the date of such termination.
Termination of Employment. In Unless otherwise provided in a written employment agreement between the Participant and the Company, in the event of the Participant's termination of employment with the Company prior to the vesting of all shares of Restricted Stock hereunder for any reason other than death or Disability, all unvested shares of Restricted Stock shall be cancelled immediately without consideration as of the date of such termination.
Termination of Employment. 6.1Termination by Virtue of Death or Disability of Executive. 6.2Termination by the Company or Resignation by Executive (not in connection with a Change in Control). 6.3Termination by the Company without Cause or Resignation by Executive for Good Reason (in connection with a Change in Control). 6.4Cooperation With the Company After Termination of Employment. 6.5Effect of Termination. 6.6Application of Section 409A. 6.7Excise Tax Adjustment.
Termination of Employment. 6.1Termination by Virtue of Death or Disability of Executive. 6.2Termination by the Company or Resignation by Executive. 6.3Resignation by Executive (not in connection with a Change in Control). 6.3Termination for Good Reason or Termination by the Company without Cause or Resignation by Executive for Good Reason (in connection with a Change in Control). 6.4Cooperation With the Company After Termination of Employment. 6.5Effect of Termination. 6.6Application of Section 409A. 6.7Excise Tax Adjustm...ent. View More
Termination of Employment. 6.1Termination by Virtue of Death or Disability of Executive. 6.2Termination by the Company or Resignation by Executive (not in connection with a Change in Control). 6.3Termination by the Company without Cause or Resignation by Executive for Good Reason (in connection with a Change in Control). 6.4Cooperation With the Company After Termination of Employment. 6.5Effect of Termination. 6.6Application of Section 409A. 6.7Excise Tax Adjustment.
Termination of Employment. (a) Except as described below, if the Grantee ceases to be employed by the Employer for any reason prior to the Third Vesting Date, the unvested Time-Based Units shall be forfeited as of the termination date and shall cease to be outstanding. (b) Subject to Section 4 below, if, prior to the Third Vesting Date, the Grantee ceases to be employed by the Employer (x) on account of death or Long-Term Disability (as defined below), or (y) after ten months following the Date of Grant, on account of "55... / 5" Rule Termination (as defined below) or Involuntary Termination (as defined below) (each, a "Qualifying Termination"), the Grantee shall vest in a pro-rated portion of the granted Time-Based Units in accordance with this Section 3(b), provided such vesting does not result in a violation of any age discrimination or other applicable law. The pro-rated portion shall be determined by multiplying the number of Time-Based Units by a fraction, the numerator of which is the number of calendar months in the period starting with (i) the first calendar month following the month in which the Date of Grant occurs through (ii) the calendar month in which the Qualifying Termination date occurs, with such final calendar month counting as a full month, and the denominator of which is 36, and subtracting the Time-Based Units that had vested as of the Qualifying Termination date in accordance with Section 2. The pro-rated Time-Based Units shall be paid within 60 days after the Grantee's termination date, as described in Section 7. The unvested Time-Based Units, if any, shall be forfeited as of the termination date and shall cease to be outstanding. (c) If the Grantee ceases to be employed by the Employer on account of Cause (as defined below), any unpaid Time-Based Units (vested or unvested) shall be forfeited as of the termination date and shall cease to be outstanding.4. Change in Control Involuntary Termination. Subject to Section 14 of the Plan, and notwithstanding Section 3 above, if the Grantee has an Involuntary Termination upon or within two years after a Change in Control, and prior to the Third Vesting Date, the Grantee's outstanding Time-Based Units shall become fully vested and shall be paid within 60 days after such Involuntary Termination, as described in Section 7.View More
Termination of Employment. (a) Except as described below, if the Grantee ceases to be employed by the Employer for any reason prior to the Third Vesting Date, the unvested Time-Based Units shall be forfeited as of the termination date and shall cease to be outstanding. (b) Subject to Section 4 below, if, If, after ten months following the Date of Grant but prior to the Third Vesting Date, the Grantee ceases to be employed by the Employer (x) on account of death or Long-Term Disability (as defined below), or (y) after ten ...months following the Date of Grant, on account of "55 / 5" Rule Termination (as defined below) or Involuntary Termination (as defined below) (each, a "Qualifying Termination"), below), the Grantee shall vest in a pro-rated portion of the granted outstanding Time-Based Units in accordance with this Section 3(b), provided such vesting does not result in a violation of any age discrimination or other applicable law. Units. The pro-rated portion shall be determined by multiplying the number of Time-Based Units by a fraction, the numerator of which is the number of calendar months in that elapsed during the period starting beginning with (i) the first calendar month following the month in which of grant through the Date of Grant occurs through (ii) the calendar month in which the Qualifying Termination date occurs, with such final calendar month counting as a full month, Grantee's termination date, and the denominator of which is 36, and subtracting 36. A partial month after the Time-Based Units that had vested month of grant shall count as a full month for purposes of the Qualifying Termination date in accordance with Section 2. this calculation. The pro-rated Time-Based Units shall be paid within 60 days after the Grantee's termination date, as described in Section 7. The unvested Time-Based Units, if any, shall be forfeited as of the termination date and shall cease to be outstanding. 6. (c) If the Grantee ceases to be employed by the Employer prior to the Vesting Date on account of Cause death or the Grantee's Long-Term Disability (as defined below), any unpaid the Grantee shall vest in a pro-rated portion of the outstanding Time-Based Units. The pro-rated portion shall be determined by multiplying the number of Time-Based Units (vested or unvested) shall be forfeited as by a fraction, the numerator of which is the termination date and shall cease to be outstanding.4. Change in Control Involuntary Termination. Subject to Section 14 number of calendar months that elapsed during the Plan, and notwithstanding Section 3 above, if period beginning with the Grantee has an Involuntary Termination upon or within two years after a Change in Control, and prior to first calendar month following the Third Vesting Date, month of grant through the Grantee's outstanding termination date, and the denominator of which is 36. A partial month after the month of grant shall count as a full month for purposes of this calculation. The Time-Based Units shall become fully vested and shall be paid within 60 days after such Involuntary Termination, the date of the Grantee's termination of employment, as described in Section 7. 6. View More
Termination of Employment. (a) For Cause. Notwithstanding Section 4, the Company may terminate Executive's employment hereunder for cause for any one of the following reasons: (1) conviction of a felony, any act involving moral turpitude, or a misdemeanor where imprisonment is imposed; (2) commission of any act of theft, fraud, dishonesty, or falsification of any employment or Company records; (3) improper disclosure of the Company's confidential or proprietary information; (4) any action by the Executive which has a detr...imental effect on the Company's reputation or business; (5) Executive's failure or inability to perform any reasonable assigned duties after written notice from the Company of, and a reasonable opportunity to cure, such failure or inability; (6) any breach of this Agreement, which breach is not cured within ten (10) days following written notice of such breach; (7) a course of conduct amounting to gross incompetence; (8) chronic and unexcused absenteeism; (9) unlawful appropriation of a corporate opportunity; or (10) misconduct in connection with the performance of any of Executive's duties, including, without limitation, misappropriation of funds or property of the Company, securing or attempting to secure personally any profit in connection with any transaction entered into on behalf of the Company, misrepresentation to the Company, or any violation of law or regulations on Company premises or to which the Company is subject. Upon termination of Executive's employment with the Company for cause, the Company shall be under no further obligation to Executive, except to pay all accrued but unpaid base salary and accrued vacation to the date of termination thereof. (b) Without Cause. The Company or the Executive may terminate Executive's employment hereunder at any time without cause, by giving the other at least two (2) weeks' notice of termination, either orally or in writing. In the event Executive provides notice of termination, the Company may elect to accelerate the effective date of termination. Upon termination, Executive shall be entitled to severance pay in the amount of four (4) weeks of Base Salary, less deductions required by law, only if Executive executes a valid and comprehensive release of any and all claims that the Executive may have against the Company in a form provided by the Company and Executive executes such form within seven (7) days of tender. (c) Resignation. Upon termination of employment, Executive shall be deemed to have resigned from the Board of Directors of the Company if he is a director. (d) Cooperation. After notice of termination, Executive shall cooperate with the Company, as reasonably requested by the Company, to effect a transition of Executive's responsibilities and to ensure that the Company is aware of all matters being handled by Executive.View More
Termination of Employment. (a) For Cause. Notwithstanding Section 4, anything herein to the contrary, the Company may terminate Executive's employment hereunder for cause for any one of the following reasons: (1) conviction of of, or indictment for, a felony, any act involving moral turpitude, or a misdemeanor where imprisonment is imposed; imposed, (2) commission of any act of theft, fraud, dishonesty, fraud or falsification of any employment or Company records; records, (3) improper disclosure of the Company's confident...ial or proprietary information; information, (4) any action by the Executive which has a serious detrimental effect on the Company's reputation or business; business, (5) Executive's failure or inability to perform any reasonable and legal assigned duties after written notice from the Company of, and a reasonable opportunity to cure, such failure or inability; inability, (6) any breach of this Agreement, which breach is not cured within ten (10) days following written notice of such breach; breach, (7) a course of conduct amounting to gross incompetence; incompetence, (8) chronic and unexcused absenteeism; absenteeism, (9) unlawful appropriation of a corporate opportunity; opportunity, or (10) gross misconduct in connection with the performance of any of Executive's duties, including, without limitation, misappropriation of funds or property of the Company, securing or attempting to secure personally any profit in connection with any transaction entered into on behalf of the Company, misrepresentation to the Company, or any violation of law or regulations on Company premises or to which the Company is subject. Upon termination of Executive's employment with the Company for cause, the Company shall be under no further obligation to Executive, except to pay all accrued but unpaid base salary and accrued vacation to the date of termination thereof. (b) Without Cause. The Company or the Executive may terminate Executive's employment hereunder at any time without cause, by giving the other at least two (2) weeks' notice of termination, either orally or in writing. In the event Executive provides notice of termination, that Executive's employment is terminated without Cause as provided in Section 5(a), the Company may elect shall, concurrently with such termination of Executive's employment, pay Executive his full Base Salary that would be payable for twelve (12) months following the date of termination without cause and the Base Salary Shortfall for each month during the Employment Period with respect to accelerate which Executive received $7500 per month. In addition, the effective full Option shall become immediately exercisable for all such shares of the Company's common stock, and remain exercisable for two (2) year after the date of termination. Upon termination, Executive The Company shall be entitled to severance pay in the amount of four (4) weeks of Base Salary, less deductions required by law, only if Executive executes a valid and comprehensive release of any and all claims that the Executive may have against the Company in a form provided by the Company and Executive executes such form within seven (7) days of tender. (c) Resignation. Upon termination of employment, Executive shall be deemed to have resigned from the Board of Directors provide for cashless exercise of the Company if he is a director. (d) Option. (c) Cooperation. After notice of termination, Executive shall cooperate with the Company, as reasonably requested by the Company, to effect a transition of Executive's responsibilities and to ensure that the Company is aware of all matters being handled by Executive. The condition precedent to Executive's agreement pursuant to this Section 5(c) shall be the Company's payment and Executive's collection all payments required by Section 5(a) or Section 5(b). 2 6. Disability of Executive. The Company may terminate this Agreement without liability if Executive shall be permanently prevented from properly performing his essential duties hereunder with reasonable accommodation by reason of illness or other physical or mental incapacity for a period of more than 120 consecutive days. Upon such termination, Executive shall be entitled to all accrued but unpaid Base Salary and vacation. View More
Termination of Employment. (a) For (a)For Cause. Notwithstanding Section 4, anything herein to the contrary, the Company may terminate Executive's employment hereunder for cause for any one of the following reasons: (1) conviction of a felony, any act involving moral turpitude, or a misdemeanor where imprisonment is imposed; imposed, (2) commission of any act of theft, fraud, dishonesty, or falsification of any employment or Company records; records in any material way, (3) improper disclosure of the Company's confidentia...l or proprietary information; (4) any action by the Executive which has a detrimental effect on the Company's reputation or business; (5) Executive's failure or inability to perform any reasonable material reasonably assigned duties after written notice from the Company of, and a reasonable opportunity to cure, such failure or inability; (6) any inability, or (4) material breach of this Agreement, Agreement which breach is not cured within ten (10) days following written notice of such breach; (7) a course of conduct amounting to gross incompetence; (8) chronic and unexcused absenteeism; (9) unlawful appropriation of a corporate opportunity; or (10) misconduct in connection with the performance of any of Executive's duties, including, without limitation, misappropriation of funds or property of the Company, securing or attempting to secure personally any profit in connection with any transaction entered into on behalf of the Company, misrepresentation to the Company, or any violation of law or regulations on Company premises or to which the Company is subject. breach. Upon termination of Executive's employment with the Company for cause, the Company shall be under no further obligation to Executive, Executive for salary or bonus, except to pay all accrued but unpaid base salary salary, accrued bonus (if any) and accrued vacation to the date of termination thereof. (b) Without Executive's employment Cause. The Company or the Executive may not terminate Executive's employment hereunder at any time without cause, by giving the other at least two (2) weeks' notice of termination, either orally or in writing. In the event Executive provides notice of termination, the Company may elect to accelerate the effective date of termination. Upon termination, Executive shall be entitled to severance pay in the amount of four (4) weeks of Base Salary, less deductions required by law, only if Executive executes a valid and comprehensive release of any and all claims that the Executive may have against the Company in a form provided by the Company and Executive executes such form within seven (7) days of tender. (c) Resignation. Upon termination of employment, Executive shall be deemed to have resigned from the Board of Directors of the Company if he is a director. (d) Cooperation. cause. (c)Cooperation. After notice of termination, Executive shall cooperate with the Company, as reasonably requested by the Company, to effect affect a transition of Executive's responsibilities and to ensure that the Company is aware of all matters being handled by Executive. View More
Termination of Employment. Upon a Participant's termination of employment on or prior to the last day of the Measurement Period, the following shall occur: (a) Termination on Account of Retirement, Disability or Death. If, on or prior to December 31, 2021 (i) the Participant has a separation from service that constitutes a Retirement, (ii) the Participant incurs a Disability Termination, or (iii) the Participant dies, then the Participant (or the Participant's beneficiary(ies), if applicable) shall be eligible to receive ...Shares (if any) under the Program as if the Measurement Period ended on the last day of the month in which the Retirement, termination or death occurred and as though the Participant had remained employed by the Employer through such date. For avoidance of doubt, the provisions of this paragraph apply in lieu of Section 9(b)(iii) of the Plan. (b) Termination for Any Other Reason. If, on or prior to December 31, 2021, the Participant's employment with the Employer terminates for any reason other than a reason described in paragraph (a) of this Section 9, the Participant shall forfeit all of the Base Units and any other rights under the Program.View More
Termination of Employment. Upon a Participant's termination of employment on or prior to the last day of the Measurement Period, the following shall occur: (a) Termination (a)Termination on Account of Retirement, Disability or Death. If, on or prior to December 31, 2021 2020, (i) the Participant has a separation from service that constitutes a Retirement, (ii) the Participant incurs a Disability Termination, or (iii) the Participant dies, then the Participant (or the Participant's beneficiary(ies), if applicable) shall be... eligible to receive Shares (if any) under the Program as if the Measurement Period ended on the last day of the month in which the Retirement, termination or death occurred and as though the Participant had remained employed by the Employer through such date. For avoidance of doubt, the provisions of this paragraph apply in lieu of Section 9(b)(iii) of the Plan. (b) Termination (b)Termination for Any Other Reason. If, on or prior to December 31, 2021, 2020, the Participant's employment with the Employer terminates for any reason other than a reason described in paragraph (a) of this Section 9, 8, the Participant shall forfeit all of the Base Units and any other rights under the Program. -iv- 9.Determination of Performance; Share Delivery. Within 30 days after the end of the Measurement Period, the Committee shall provide each Participant (or his or her beneficiary, if applicable) with a written determination of whether the Trust did or did not attain (i) the Index-Based Goal for the applicable Measurement Period (and, if applicable, the extent to which the Index-Based Goal was attained) and the calculations used to make such determination and (ii) the Peer Group-Based Goal for the applicable Measurement Period (and, if applicable, the extent to which the Peer Group-Based Goal was attained) and the calculations used to make such determination. If Shares are to be delivered under the Program, unless a Participant validly elects otherwise pursuant to Section 5 of this Forepart, they shall be delivered on February 1, 2021 or, if a Change of Control occurs before January 1, 2021, on the fifth day after the Change of Control or, in the case of a separation from service described in Section 8(a) of this Forepart, on or before the thirtieth day after that separation from service. View More
Termination of Employment. Except as provided in this Section 3, any portion of RSUs for which the Restricted Period has not ended prior to or upon the Participant's Termination Date shall be forfeited. If the Participant incurs a termination due to Disability or death (a "Vesting Termination") prior to the Final Vesting Date, then the Restricted Period shall end with respect to all such RSUs as of such Termination Date. All RSUs that do not vest in accordance with the foregoing, shall be immediately forfeited. Notwithsta...nding the foregoing, in the event the Participant incurs a termination for any reason other than a Vesting Termination, the Participant shall immediately forfeit his or her right to any vesting of any RSUs for which the Restricted Period has not ended as of such Termination Date. Notwithstanding anything in the contrary in any agreement between the Participant and the Company or a subsidiary, the Participant acknowledges and agrees that the RSUs shall vest (and the Restricted Period shall end) only as provided by, and subject to the terms of, this Agreement and the Plan.View More
Termination of Employment. Except as provided in this Section 3, any portion of RSUs for which the Restricted Period has not ended prior to or upon the Participant's Termination Date shall be forfeited. For clarity, Participant's right to vest in the RSUs will end on the Termination Date and will not be extended by any notice period (e.g., the Participant'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 ...in which the Participant is employed or providing service or the terms of the Participant's employment or service agreement, if any); the Committee or its delegate shall have the exclusive discretion to determine when the Participant is no longer actively providing services for purposes of the RSUs (including whether the Participant may still be considered to be providing services while on a leave of absence). If the Participant incurs a termination due to Disability or death (a "Vesting Termination") prior to the Final Vesting Date, then the Restricted Period shall end with respect to all such RSUs as of such Termination Date. All RSUs that do not vest in accordance with the foregoing, shall be immediately forfeited. Notwithstanding the foregoing, in the event the Participant incurs a termination for any reason other than a Vesting Termination, the Participant shall immediately forfeit his or her right to any vesting of any RSUs for which the Restricted Period has not ended as of such Termination Date. Notwithstanding anything in to the contrary in any agreement between the Participant and the Company or a subsidiary, Related Company, the Participant acknowledges and agrees that the RSUs shall vest (and the Restricted Period shall end) only as provided by, and subject to the terms of, this Agreement and the Plan. View More
Termination of Employment. Except as provided in Paragraphs 5 or 6, if Grantee's Employment is terminated prior to the last day of the Performance Cycle, the Grantee's right to the Performance Units shall be forfeited in its entirety as of the date of such termination, and the rights of the Grantee and the obligations of the Company under this Award Agreement shall be terminated. To the extent that a Grantee's Employment is terminated following the close of the Performance Cycle but prior to the payment of the Performance... Cycle Payout, the Grantee shall be entitled to the Performance Cycle Payout (if any) hereunder as determined in accordance with Paragraphs 2 and 3.View More
Termination of Employment. Except as provided in Paragraphs 5 or 6, if the Grantee's Employment is terminated prior to the last day of the Performance Cycle, the Grantee's right to the Performance Share Units shall be forfeited in its entirety as of the date of such termination, and the rights of the Grantee and the obligations of the Company under this Award Agreement shall be terminated. To the extent that a Grantee's Employment is terminated following the close of the Performance Cycle but prior to the payment delivery... of shares of Common Stock with respect to the Performance Cycle Payout, Share Units, the Grantee shall be entitled to shares of Common Stock with respect to the Performance Cycle Payout Share Units (if any) hereunder as determined in accordance with Paragraphs 2 and 3. View More
