Continuous Employment Requirement. Notwithstanding anything in this Paragraph 7 to the contrary, if you incur a Separation from Service prior to the Conversion Date (A) by reason of Retirement, Disability or death and (B) as of the date of your Separation from Service, you have not been in the continuous employment of the Company or one or more of its Affiliates for the two-year period ending on such Separation from Service, you shall forfeit all rights to all Units granted hereunder as of the date of such Separation from Service.
Continuous Employment Requirement. (1) The percentage of Tranches 2 or 3 related to a Target Year shall vest only if the Participant is continuously employed by Verizon from the Grant Date until June 30th of the year after the applicable Target Year.
Continuous Employment Requirement. Notwithstanding anything in this Paragraph 6 to the contrary, if you incur a Separation from Service prior to the Conversion Date (i) by reason of Retirement, Disability or death and (ii) as of the date of your Separation from Service, you have not been in the continuous employment of the Company or one or more of its Affiliates for the two-year period ending on such Separation from Service, you shall forfeit all rights to all Units granted hereunder, and such Units shall, for all purposes of the Plan and this Agreement be deemed terminated and without further force or effect as of the date of such Separation from Service.
Continuous Employment Requirement. The Optionee agrees to continue as an active employee of the employing company identified above or the Corporation, its subsidiaries or affiliates (each an “Employing Company”) for three years from the date of the Option, subject to the Employing Company’s right to terminate the Optionee’s employment at any time, performing such duties consistent with his capabilities.
Continuous Employment Requirement. Pursuant to the Award Certificate, the Participant has been granted RSUs. These RSUs shall be converted to Company Shares in accordance with Section 3) of the RSU Terms and Conditions (“Terms and Conditions”) only if the Participant is continuously employed by the Company from the Grant Date until vesting in accordance with Section 3) of the Terms and Conditions.
Continuous Employment Requirement. Except as otherwise determined by the Committee, or except as otherwise provided in Section 5 or Section 6, the PSUs shall vest only if the Executive is continuously employed by the Company from the Grant Date through the Applicable Vesting Date. Except as otherwise determined by the Committee, or except as otherwise provided in Section 5 or Section 6, any PSUs that have not vested as of the date the Executive’s employment terminates shall be immediately forfeited and the Executive shall have no further rights under this Agreement following the date as of which the Executive’s employment terminates.
Continuous Employment Requirement. Except as provided in Section 3(c)(iii)(C) immediately below, the Executive shall be eligible to receive the Minimum Incentive Guarantee only if the Executive is and has remained continuously employed through the date on which the Minimum Incentive Guarantee is paid.
Continuous Employment Requirement. Subject to Sections 3 and 5, in order to vest in the Options, Optionee agrees that Optionee must continue as an active employee of the employing company identified above or the Corporation, its Subsidiaries or affiliates (each an “Employing Company”) through the vesting dates set forth in Section 3 and for a total period of three years from the date of the Option, subject to the Employing Company’s right to terminate the Optionee’s employment at any time.
Continuous Employment Requirement. Subject to Sections 3 and 5, in order to vest in the Option, Participant agrees that Participant must continue as an active employee of the employing company identified above or the Corporation, its Subsidiaries or affiliates (each an “Employing Company”) through the vesting dates set forth in Section 3, subject to the Employing Company’s right to terminate the Participant’s employment at any time.
Continuous Employment Requirement. Grantee hereby expressly agrees and acknowledges that he or she must remain in the continuous employment of the Company or a Related Entity for the full duration of the vesting period applicable to any Award granted under this Agreement in order for the Award to become Vested, unless otherwise expressly set forth elsewhere in this Agreement. Grantee further expressly agrees and acknowledges that if he or she discontinues employment with the Company or a Related Entity at any time whatsoever, for any reason whatsoever, including without limitation termination of employment by the Company or Related Entity, prior to the time at which an Award granted under this Agreement becomes Vested, Grantee shall forfeit all unvested Restricted Stock and unvested Stock Options granted under this Agreement.
