Termination Clause Example with 15 Variations from Business Contracts
This page contains Termination 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. If Participant's Service terminates for any reason, all unvested RSUs will be forfeited to the Company forthwith, and all rights of Participant to such RSUs will immediately terminate without payment of any consideration to Participant. Participant's Service will be considered terminated (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 Participant is employed or the terms of Participant's employm...ent agreement, if any) as of the date Participant is no longer actively providing services. Participant's Service will not be extended by any notice period (e.g., Participant's Service would not include a period of "garden leave" or similar period mandated under employment laws in the jurisdiction where Participant is employed or the terms of Participant's employment agreement, if any). Participant acknowledges and agrees that the Vesting Schedule may change prospectively in the event Participant's service status changes between full- and part-time and/or in the event Participant is on a leave of absence, in accordance with Company policies relating to work schedules and vesting of awards or as determined by the Committee. In case of any dispute as to whether and when a termination of Service has occurred, the Committee will have sole discretion to determine whether such termination of Service has occurred and the effective date of such termination (including whether Participant may still be considered to be actively providing Services while on a leave of absence).View More
Variations of a "Termination" Clause from Business Contracts
Termination. If Participant's Service terminates at any time for any reason, all unvested RSUs will shall be forfeited to the Company forthwith, on the date that is three (3) months following such termination of Service (or the RSU Expiration, if earlier), and all rights of Participant to such RSUs will shall immediately terminate without payment at such time. Further, for purposes of any consideration to Participant. the RSUs, Participant's Service will be considered terminated (regardless as of the date Pa...rticipant is no longer actively providing services to the Company, its Parent or Subsidiaries, 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 Participant is employed or the terms of Participant's employment agreement, if any) any (the "Termination Date"), and, unless otherwise determined by the Company, Participant's right to vest in the RSUs will terminate as of the such date Participant is no longer actively providing services. Participant's Service and will not be extended by any contractual notice period (e.g., Participant's Service would not include a or any period of "garden leave" or similar notice period mandated under employment laws in the jurisdiction where Participant is employed or the terms of Participant's employment agreement, if any). Participant acknowledges and agrees that any. The Company shall have the Vesting Schedule may change prospectively in the event Participant's service status changes between full- and part-time and/or in the event Participant is on a leave of absence, in accordance with Company policies relating to work schedules and vesting of awards or as determined by the Committee. In case of any dispute as to whether and when a termination of Service has occurred, the Committee will have sole exclusive discretion to determine whether such termination when Participant is no longer actively providing services for purposes of Service has occurred the RSUs (including, subject to the terms of the Plan and the effective date of such termination (including applicable law, whether Participant may still be considered to be actively providing Services while on a leave of absence). View More
Termination. If Participant's Service terminates for any reason, all unvested RSUs will be forfeited to the Company forthwith, and all rights of Participant to such RSUs will immediately terminate without payment of any consideration to Participant. terminate. Participant's Service will be considered terminated as of the date Participant is no longer providing services (regardless of the reason for such termination and whether or not later found to be invalid or in breach of employment laws in the jurisdicti...on where Participant is employed or the terms of Participant's employment agreement, if any) as of the date Participant is no longer actively providing services. Participant's Service will not be extended by any notice period (e.g., Participant's Service would not include a period of "garden leave" or similar period mandated under employment laws in the jurisdiction where Participant is employed or the terms of Participant's employment agreement, if any). Participant acknowledges and agrees that the Vesting Schedule may change prospectively in the event Participant's service status changes between full- and part-time and/or in the event Participant is on a leave of absence, in accordance with Company policies relating to work schedules and vesting of awards or as determined by the Committee. In case of any dispute as to whether and when a termination of Service has occurred, the Committee will have sole discretion to determine whether such termination of Service has occurred and the effective date of such termination (including termination. The Committee shall have the exclusive discretion to determine whether Participant may still be considered to be actively providing Services services while on a an approved leave of absence). absence. View More
Termination. If (a) Termination. Except as may be set forth in any other employment, change in control, severance or similar agreement or policy between Participant and the Company, if Participant's Service terminates for any reason, all unvested RSUs will be forfeited to the Company forthwith, and all rights of Participant to such unvested RSUs will immediately terminate without payment of any consideration to Participant. (b) Termination from Service. For purposes of this Agreement, Participant's Service w...ill be considered terminated as of the date Participant is no longer providing Services (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 Participant is employed or the terms of Participant's employment agreement, if any) as of and will not, subject to the date Participant is no longer actively providing services. laws applicable to Participant's Service will not Award, be extended by any notice period mandated under local laws (e.g., Participant's Service would not include a period of "garden leave" or similar period mandated under employment laws in the jurisdiction where Participant is employed or the terms of Participant's employment agreement, if any). period). Participant acknowledges and agrees that the Vesting Schedule may change prospectively in the event Participant's service Service status changes between full- full and part-time status and/or in the event Participant is on a an approved leave of absence, absence in accordance with Company policies relating to work schedules and vesting of awards or as determined by the Committee. Committee, as applicable. Unless otherwise provided in this 1 Agreement or determined by the Committee, Participant acknowledges that, except as set forth in Section 6(b) or (c), the vesting of the Shares pursuant to this Notice and Agreement is earned only by continued Service. In case of any dispute as to whether and when a termination of Service has occurred, the Committee will have sole discretion to determine whether such termination of Service has occurred and the effective date of such termination (including whether Participant may still be considered to be actively providing Services while on a an approved leave of absence). View More
Termination. If Participant's Service terminates for any reason, all unvested RSUs will be forfeited to the Company forthwith, and all rights of Participant to such RSUs will immediately terminate without payment of any consideration to Participant. Participant's Service will be considered terminated as of the date Participant is no longer providing services (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 Pa...rticipant is employed or the terms of Participant's employment agreement, if any) as of and will not, subject to the date Participant is no longer actively providing services. laws applicable to Participant's Service will not Award, be extended by any notice period mandated under local laws (e.g., Participant's Service would not include a period of "garden leave" or similar period mandated under employment laws in the jurisdiction where Participant is employed or the terms of Participant's employment agreement, if any). period). Participant acknowledges and agrees that the Vesting Schedule may change prospectively in the event Participant's service status changes between full- and part-time status and/or in the event Participant is on a an approved leave of absence, absence in accordance with Company policies relating to work schedules and vesting of awards or as determined by the Committee. Participant acknowledges that the vesting of the Shares pursuant to this Notice and Agreement is earned only by continued Service. In case of any dispute as to whether and when a termination of Service has occurred, the Committee will have sole discretion to determine whether such termination of Service has occurred and the effective date of such termination (including whether Participant may still be considered to be actively providing Services services while on a an approved leave of absence). View More
Termination. If Participant's Service terminates for any reason, all unvested RSUs will be forfeited to the Company forthwith, and all rights of Participant to such RSUs will immediately terminate without payment of any consideration to Participant. Participant's Service will be considered terminated as of the date Participant is no longer providing Services to the Company, its Parent or one of its Subsidiaries (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 Participant is employed or the terms of Participant's employment agreement, if any) (the "Termination Date"). Unless otherwise provided in this Agreement or determined by the Company, Participant's right to vest in the RSUs under the Plan, if any, will terminate as of the date Participant is no longer actively providing services. Participant's Service Termination Date and will not be extended by any notice period (e.g., Participant's Service period of service would not include a any contractual notice period or any period of "garden leave" or similar period mandated under employment the laws in of the jurisdiction where in which Participant is employed resides or the terms of Participant's employment agreement, if any). Participant acknowledges and agrees that the Vesting Schedule may change prospectively in the event Participant's service Service status changes between full- and part-time status and/or in the event Participant is on a an approved leave of absence, absence in accordance with Company policies relating to work schedules and vesting of awards or as determined by the Committee. Participant acknowledges that the vesting of the Shares pursuant to this Notice and Agreement is earned only by continued Service. In case of any dispute as to whether and when a termination of Service has occurred, the Committee will have sole discretion to determine whether such termination of Service has occurred and the effective date of such termination (including whether Participant may still be considered to be actively providing Services services while on a an approved leave of absence). View More
