Termination Clause Example with 5 Variations from Business Contracts

Termination. If your Service terminates for any reason, all unvested RSUs shall be forfeited to the Company forthwith, and all rights you have to such RSUs shall immediately terminate, without payment of any consideration to you. For purposes of this award of RSUs, your terminate. Your Service will be considered terminated as of the date you are no longer providing Service services (regardless of the reason for such termination and whether or not later found to be invalid or in breach of labor employment law...s in the jurisdiction where you are employed or the terms of your employment or service agreement, if any) and will not be extended by any notice period mandated under local employment laws. any). In case of any dispute as to whether your termination of Service has occurred, the Committee shall have sole discretion to determine whether such termination has occurred (including and the effective date of such termination. The Committee shall have the exclusive discretion to determine whether you may still be considered to be providing Services services while on a an approved leave of absence) and the effective date of such termination. absence. View More

Termination. The RSUs shall terminate on the Expiration Date or earlier as provided in this Section 5. If your Service terminates for any reason, all unvested RSUs shall be forfeited to the Company forthwith, and all rights you have to such RSUs shall immediately terminate, without payment of any consideration to you. For purposes of this award of RSUs, your Your Service will be considered terminated as of the date you are no longer providing Service (regardless of the reason for such termination and whether... or not later found to be invalid or in breach of labor employment laws in the jurisdiction where you are employed or the terms of your employment or service agreement, if any) and will not not, subject to the laws applicable to your Award, be extended by any notice period mandated under local employment laws. laws (e.g., Service would not include a period of “garden leave” or similar period). In case of any dispute as to whether your termination of Service has occurred, the Committee shall have sole discretion to determine whether such termination has occurred (including whether you may still be considered to be providing Services while on a leave of absence) and the effective date of such termination. View More

Termination. If your Service terminates for any reason, all unvested RSUs shall be forfeited to the Company forthwith, and all rights you have to such RSUs shall immediately terminate, without payment of any consideration to you. For purposes of this award of RSUs, your Service will be considered terminated as of the date you are no longer providing Service (regardless of the reason for such termination and whether or not later found to be invalid or in breach of labor laws in the jurisdiction where you are ...employed or the terms of your employment or service agreement, if any) and will not be extended by any notice period mandated under local employment laws. laws (e.g., Service would not include a period of “garden leave” or similar period). In case of any dispute as to whether your termination of Service has occurred, the Committee shall have sole discretion to determine whether such termination has occurred (including whether you may still be considered to be providing Services while on a leave of absence) and the effective date of such termination. View More

Termination. If your Service terminates for any reason, for Cause or your resignation without Good Reason, all unvested RSUs shall be forfeited to the Company forthwith, and all rights you have to such RSUs shall immediately terminate, terminate. If your Service is terminated by the Company without payment Cause or by you for Good Reason, all unvested RSUs shall be forfeited to the Company three months following the termination of any consideration your Service, and all rights you have to you. For purposes s...uch RSUs shall terminate three months following the termination of this award of RSUs, your Service. Notwithstanding the foregoing, vesting ceases on such date your Service terminates (unless determined otherwise by the Committee). Your Service will be considered terminated as of the date you are no longer providing Service services (regardless of the reason for such termination and whether or not later found to be invalid or in breach of labor employment laws in the jurisdiction where you are employed or the terms of your employment or service agreement, if any) and will not be extended by any notice period mandated under local employment laws. any). In case of any dispute as to whether your termination of Service has occurred, the Committee shall have sole discretion to determine whether such termination has occurred (including and the effective date of such termination. The Committee shall have the exclusive discretion to determine whether you may still be considered to be providing Services services while on a an approved leave of absence) and the effective date of such termination. absence. View More

Termination. If your Service terminates for any reason, all unvested RSUs shall be forfeited to the Company forthwith, and all rights you have to such RSUs shall immediately terminate, terminate without payment of any consideration to you. For purposes of this award of RSUs, your Your Service will be considered terminated as of the date you are no longer providing Service Services to the Company, its Parent or one of its Subsidiaries (regardless of the reason for such termination and whether or not later fou...nd to be invalid or in breach of labor employment laws in the jurisdiction where you are employed or the terms of your employment or service agreement, if any) (the “Termination Date”). Unless otherwise provided in this Agreement or determined by the Company, your right to vest in the RSUs under the Plan, if any, will terminate as of the Termination Date and will not be extended by any notice period (e.g., your period of Service would not include any contractual notice period or any period of “garden leave” or similar period mandated under local the laws of the jurisdiction in which you reside or the terms of your employment laws. agreement, if any). In case of any dispute as to whether your termination of Service has occurred, the Committee shall have sole discretion to determine whether such termination has occurred (including and the effective date of such termination. The Committee shall have the exclusive discretion to determine whether you may still be considered to be providing Services services while on a an approved leave of absence) and the effective date of such termination. absence. View More