Common use of Termination of Clause in Contracts

Termination of. Employment Except as explicitly set forth below under the subsections captioned “--Job Elimination”, “--Full Career Eligibility”, “--Government Office” or “--Disability” below or under the section captioned “Death”, any RSUs outstanding under this award will be cancelled effective on the date your employment with the Firm terminates for any reason. Subject to these terms and conditions (including, but not limited to, sections captioned “Protection-Based Vesting”, “Bonus Recoupment”, “Recapture Provisions”, “Your Obligations” and “Remedies”), you will be eligible to continue to vest (as you otherwise would vest if you were still employed by JPMorgan Chase) with respect to your award in accordance with its terms and conditions following the termination of your employment if one of the following circumstances applies to you: Ø Job Elimination Job Elimination: In the event that the Director of Human Resources or nominee in his or her sole discretion determines that •the Firm terminated your employment because your job was eliminated, and •after you are notified that your job will be eliminated, you provided such services as requested by the Firm in a cooperative and professional manner, and •you satisfied the Release/Certification Requirements set forth below. Ø Full CareerEligibility Full Career Eligibility: In the event that the Director of Human Resources or nominee in his or her sole discretion determines that •you voluntarily terminated your employment with the Firm, had completed at least five years of continuous service with the Firm immediately preceding your termination date, and •the sum of your age and Recognized Service (as defined below) on your date of termination equaled or exceeded 60 and •you provided at least 180 days advance written notice to the Firm of your intention to voluntarily terminate your employment under this provision, during which notice period you provided such services as requested by the Firm in a cooperative and professional manner and you did not perform any services for any other employer, and •continued vesting shall be appropriate, which determination shall be made prior to your termination and will be based on your performance and conduct (before and after providing notice), and •for 36 months from the date of grant of this award you do not either perform services in any capacity (including self-employment) for a Financial Services Company (as defined below) or work in your profession (whether or not for a Financial Services Company); provided that you may work for a government, education or Not-for-Profit Organization (as defined below), and •you satisfy the Release/Certification Requirements set forth below. After receipt of such advance written notice, the Firm may choose to have you continue to provide services during such 180-day period as a condition to continued vesting or shorten the length of the 180-day period at the Firm’s sole discretion, but to a date no earlier than the date you would otherwise meet the age and service requirements. Additional advance notice requirements may apply for employees subject to notice period policies (see “Notice Period” below).

Appears in 1 contract

Samples: Restricted Stock Unit Award (Jpmorgan Chase & Co)

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Termination of. Employment Except as explicitly set forth below under the subsections captioned “--Job Elimination”, ,” “--Full Career Eligibility”, ,” “--Government Office” or “--Disability” below or under the section captioned “Death”, any RSUs outstanding under ,” this award (for avoidance of doubt, including any associated Reinvested Dividend Equivalent Share Units) will be cancelled in full effective on the date your employment with the Firm terminates for any reason. .Subject to these terms and conditions (including, but not limited to, sections captioned “Protection-Based Vesting”, ,” “Number to Vest on Vesting Date,” “Bonus Recoupment”, ,” “Recapture Provisions”, ,” “Your Obligations” and "Remedies”), ") you will be eligible to continue to vest (as you otherwise would vest if you were still employed by JPMorgan Chaseon the original vesting schedule) with respect to your award in accordance with its terms and conditions following the termination of your employment if one of the following circumstances applies to you: Ø Job Elimination Job Elimination: In In the event that the Director of Human Resources or nominee in his or her sole discretion determines that •the Firm terminated your employment because your job was eliminated, and •after you are notified that your job will be eliminated, you provided such services as requested by the Firm in a cooperative and professional manner, and •you satisfied the Release/Certification Requirements set forth below. Ø Full CareerEligibility Full Career Eligibility: In the event that the Director of Human Resources or nominee in his or her sole discretion determines that •you voluntarily terminated your employment with the Firm, had completed at least five years of continuous service with the Firm immediately preceding your termination date, and •the sum of your age and Recognized Service (as defined below) on your date of termination equaled or exceeded 60 60, [EU Version: your Recognized Service (as defined below) on your date of termination equaled or exceeded 15 years, or your combined Recognized Service with the Firm and external professional experience (as attested by you to the Firm) equaled or exceeded 30 years], and •you provided at least 180 days advance written notice to the Firm of your intention to voluntarily terminate your employment under this provision, during which notice period you provided such services as requested by the Firm in a cooperative and professional manner and you did not perform any services for any other employer, and •continued vesting shall be appropriate, which determination shall be made prior to your termination and will be based on your performance and conduct (before and after providing notice), and •for 36 months from the date of grant of this award award, you do not either perform services in any capacity (including self-employment) for a Financial Services Company (as defined below) or work in your profession (whether or not for a Financial Services Company); provided that you may work for a government, education or Not-for-Profit Organization (as defined below), and •you satisfy the Release/Certification Requirements set forth below. After receipt of such advance written notice, the Firm may choose to have you continue to provide services during such 180-day period as a condition to continued vesting or shorten the length of the 180-day period at the Firm’s sole discretion, but to a date no earlier than the date you would otherwise meet the age and service requirements. Additional advance notice requirements may apply for employees subject to notice period policies policies. (see See “Notice Period” below.).

Appears in 1 contract

Samples: Award Agreement (Jpmorgan Chase & Co)

Termination of. Employment Except as explicitly set forth below under the subsections captioned “--Job Elimination”, ,” “--Full Career Eligibility”, ,” “--Government Office” or “--Disability” below or under the section captioned “Death”, ,” any RSUs restricted stock units outstanding under this award will be cancelled effective on the date your employment with the Firm terminates for any reason. .Subject to these terms and conditions (including, but not limited to, sections captioned “Protection-Based Vesting”, ,” “Bonus Recoupment”, ,” “Recapture Provisions”, ,” “Your Obligations” and “Remedies”), you will be eligible to continue to vest (as you otherwise would vest if you were still employed by JPMorgan Chaseon the original vesting schedule) with respect to your award in accordance with its terms and conditions following the termination of your employment if one of the following circumstances applies to you: Ø Job Elimination Job Elimination: In the event that the Director of Human Resources or nominee in his or her sole discretion determines that •the Firm terminated your employment because your job was eliminated, and •after you are notified that your job will be eliminated, you provided such services as requested by the Firm in a cooperative and professional manner, and •you andyou satisfied the Release/Certification Requirements set forth below. Ø Full CareerEligibility Full Career Eligibility: In the event that the Director of Human Resources or nominee in his or her sole discretion determines that •you voluntarily terminated your employment with the Firm, had completed at least five years of continuous service with the Firm immediately preceding your termination date, and •the sum of your age and •your Recognized Service (as defined below) on your date of termination equaled or exceeded 60 15 years, or your combined Recognized Service with the Firm and external professional experience (as attested by you to the Firm) equaled or exceeded 30 years, and •you provided at least 180 90 days advance written notice to the Firm of your intention to voluntarily terminate your employment under this provision, during which notice period you provided such services as requested by the Firm in a cooperative and professional manner and you did not perform any services for any other employer, and •continued vesting shall be appropriate, which determination shall be made prior to your termination and will be based on your performance and conduct (before and after providing notice), and •for 36 months from the date of grant of this award you do not either perform services in any capacity (including self-employment) for a Financial Services Company (as defined below) or work in your profession (whether or not for a Financial Services Company); provided that you may work for a government, education or Not-for-Profit Organization (as defined below), and •you satisfy the Release/Certification Requirements set forth below. After receipt of such advance written notice, the Firm may choose to have you continue to provide services during such 18090-day period as a condition to continued vesting or shorten the length of the 18090-day period at the Firm’s sole discretion, but to a date no earlier than the date you would otherwise meet the age and service requirementsrequirement. Additional advance notice requirements may apply for employees subject to notice period policies policies. (see See “Notice Period” below.).

Appears in 1 contract

Samples: Award Agreement (Jpmorgan Chase & Co)

Termination of. Employment Except as explicitly set forth below under the subsections captioned “--Job Elimination”, “--Full Career Eligibility”, “--Government Office” or “--Disability” below or under the section captioned “Death”, any RSUs outstanding under this award will be cancelled effective on the date your employment with the Firm terminates for any reason. .Subject to these terms and conditions (including, but not limited to, sections captioned “Protection-Based Vesting”, “Bonus Recoupment”, “EMEA Malus and Clawback Policy - Identified Staff”, “Recapture Provisions”, “Your Obligations” and “Remedies”), you will be eligible to continue to vest (as you otherwise would vest if you were still employed by JPMorgan Chaseon the original vesting schedule) with respect to your award in accordance with its terms and conditions following the termination of your employment if one of the following circumstances applies to you: Ø Job Elimination Job Elimination: In the event that the Director of Human Resources or nominee in his or her sole discretion determines that •the Firm terminated your employment because your job was eliminated, and •after you are notified that your job will be eliminated, you provided such services as requested by the Firm in a cooperative and professional manner, and •you satisfied the Release/Certification Requirements set forth below. Ø Full CareerEligibility Full Career Eligibility: In the event that the Director of Human Resources or nominee in his or her sole discretion determines that •you voluntarily terminated your employment with the Firm, had completed at least five years of continuous service with the Firm immediately preceding your termination date, and •the sum of your age and •your Recognized Service (as defined below) on your date of termination equaled or exceeded 60 15 years, or your combined Recognized Service with the Firm and external professional experience (as attested by you to the Firm) equaled or exceeded 30 years, and •you provided at least 180 days advance written notice to the Firm of your intention to voluntarily terminate your employment under this provision, during which notice period you provided such services as requested by the Firm in a cooperative and professional manner and you did not perform any services for any other employer, and •continued vesting shall be appropriate, which determination shall be made prior to your termination and will be based on your performance and conduct (before and after providing notice), and •for 36 months from the date of grant of this award you do not either perform services in any capacity (including self-employment) for a Financial Services Company (as defined below) or work in your profession (whether or not for a Financial Services Company); provided that you may work for a government, education or Not-for-Profit Organization (as defined below), and •you satisfy the Release/Certification Requirements set forth below. After receipt of such advance written notice, the Firm may choose to have you continue to provide services during such 180-day period as a condition to continued vesting or shorten the length of the 180-day period at the Firm’s sole discretion, but to a date no earlier than the date you would otherwise meet the age and service requirementsrequirement. Additional advance notice requirements may apply for employees subject to notice period policies (see “Notice Period” below).

Appears in 1 contract

Samples: Award Agreement (Jpmorgan Chase & Co)

Termination of. Employment Except as explicitly set forth below under the subsections captioned “--Job Elimination”, “--Full Career Eligibility”, “--Government Office” or “--Disability” below or under the section captioned “Death”, any RSUs outstanding under this award will be cancelled effective on the date your employment with the Firm terminates for any reason. .Subject to these terms and conditions (including, but not limited to, sections captioned “Protection-Based Vesting”, “Bonus Recoupment”, “Recapture Provisions”, “Your Obligations” and “Remedies”), you will be eligible to continue to vest (as you otherwise would vest if you were still employed by JPMorgan Chaseon the original vesting schedule) with respect to your award in accordance with its terms and conditions following the termination of your employment if one of the following circumstances applies to you: Ø Job Elimination Job Elimination: In the event that the Director of Human Resources or nominee in his or her sole discretion determines that •the Firm terminated your employment because your job was eliminated, and •after you are notified that your job will be eliminated, you provided such services as requested by the Firm in a cooperative and professional manner, and •you andyou satisfied the Release/Certification Requirements set forth below. Ø Full CareerEligibility Full Career Eligibility: In the event that the Director of Human Resources or nominee in his or her sole discretion determines that •you voluntarily terminated your employment with the Firm, had completed at least five years of continuous service with the Firm immediately preceding your termination date, and •the sum of your age and Recognized Service (as defined below) on your date of termination equaled or exceeded 60 [EU Version: your Recognized Service (as defined below) on your date of termination equaled or exceeded 15 years, or your combined Recognized Service with the Firm and external professional experience (as attested by you to the Firm) equaled or exceeded 30 years] , and •you provided at least 180 days advance written notice to the Firm of your intention to voluntarily terminate your employment under this provision, during which notice period you provided such services as requested by the Firm in a cooperative and professional manner and you did not perform any services for any other employer, and •continued vesting shall be appropriate, which determination shall be made prior to your termination and will be based on your performance and conduct (before and after providing notice), and •for 36 months from the date of grant of this award you do not either perform services in any capacity (including self-employment) for a Financial Services Company (as defined below) or work in your profession (whether or not for a Financial Services Company); provided that you may work for a government, education or Not-for-Profit Organization (as defined below), and •you satisfy the Release/Certification Requirements set forth below. After receipt of such advance written notice, the Firm may choose to have you continue to provide services during such 180-day period as a condition to continued vesting or shorten the length of the 180-day period at the Firm’s sole discretion, but to a date no earlier than the date you would otherwise meet the age and service requirements. Additional advance notice requirements may apply for employees subject to notice period policies (see “Notice Period” below).

Appears in 1 contract

Samples: Award Agreement (Jpmorgan Chase & Co)

Termination of. Employment Except as explicitly set forth below under the subsections captioned “--Job Elimination”, “--Full Career Eligibility”, “--Government Office” or “--Disability” below or under the section captioned “Death”, any RSUs outstanding under this award will be cancelled effective on the date your employment with the Firm terminates for any reason. Subject to these terms and conditions (including, but not limited to, sections captioned “Protection-Based Vesting”, “Bonus Recoupment”, “EMEA Malus and Clawback Policy - Identified Staff”, “Recapture Provisions”, “Your Obligations” and “Remedies”), you will be eligible to continue to vest (as you otherwise would vest if you were still employed by JPMorgan Chase) with respect to your award in accordance with its terms and conditions following the termination of your employment if one of the following circumstances applies to you: Ø Job Elimination Job Elimination: In the event that the Director of Human Resources or nominee in his or her sole discretion determines that •the Firm terminated your employment because your job was eliminated, and •after you are notified that your job will be eliminated, you provided such services as requested by the Firm in a cooperative and professional manner, and •you satisfied the Release/Certification Requirements set forth below. Ø Full CareerEligibility Full Career Eligibility: In the event that the Director of Human Resources or nominee in his or her sole discretion determines that •you voluntarily terminated your employment with the Firm, had completed at least five years of continuous service with the Firm immediately preceding your termination date, and •the sum of your age and •your Recognized Service (as defined below) on your date of termination equaled or exceeded15 years, or your combined Recognized Service with the Firm and external professional experience (as attested by you to the Firm) equaled or exceeded 60 30 years, and •you provided at least 180 days advance written notice to the Firm of your intention to voluntarily terminate your employment under this provision, during which notice period you provided such services as requested by the Firm in a cooperative and professional manner and you did not perform any services for any other employer, and •continued vesting shall be appropriate, which determination shall be made prior to your termination and will be based on your performance and conduct (before and after providing notice), and •for 36 months from the date of grant of this award you do not either perform services in any capacity (including self-employment) for a Financial Services Company (as defined below) or work in your profession (whether or not for a Financial Services Company); provided that you may work for a government, education or Not-for-Profit Organization (as defined below), and •you satisfy the Release/Certification Requirements set forth below. After receipt of such advance written notice, the Firm may choose to have you continue to provide services during such 180-day period as a condition to continued vesting or shorten the length of the 180-day period at the Firm’s sole discretion, but to a date no earlier than the date you would otherwise meet the age and service requirementsrequirement. Additional advance notice requirements may apply for employees subject to notice period policies (see “Notice Period” below).

Appears in 1 contract

Samples: Restricted Stock Unit Award (Jpmorgan Chase & Co)

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Termination of. Employment Except as explicitly set forth below under the subsections captioned “--Job Elimination”, ,” “--Full Career Eligibility”, ,” “--Government Office” or “--Disability” below or under the section captioned “Death”, any RSUs outstanding under ,” this award (for avoidance of doubt, including any associated Reinvested Dividend Equivalent Share Units) will be cancelled in full effective on the date your employment with the Firm terminates for any reason. .Subject to these terms and conditions (including, but not limited to, sections captioned “Protection-Based Vesting”, ,” “Number to Vest on Vesting Date,” “Bonus Recoupment”, ,” “Recapture Provisions”, ,” “Remedies,” and “Your Obligations” and “Remedies,), ) you will be eligible to continue to vest (as you otherwise would vest if you were still employed by JPMorgan Chaseon the original vesting schedule) with respect to your award in accordance with its terms and conditions following the termination of your employment if one of the following circumstances applies to you: Ø Job Elimination Job Elimination: In the event that the Director of Human Resources or nominee in his or her sole discretion determines that •the Firm terminated your employment because your job was eliminated, and •after you are notified that your job will be eliminated, you provided such services as requested by the Firm in a cooperative and professional manner, and •you andyou satisfied the Release/Certification Requirements set forth below. Ø Full CareerEligibility Full Career Eligibility: In the event that the Director of Human Resources or nominee in his or her sole discretion determines that •you voluntarily terminated your employment with the Firm, had completed at least five years of continuous service with the Firm immediately preceding your termination date, and •the the sum of your age and Recognized Service (as defined below) on your date of termination equaled or exceeded 60 60, and •you provided at least 180 90 days advance written notice to the Firm of your intention to voluntarily terminate your employment under this provision, during which notice period you provided such services as requested by the Firm in a cooperative and professional manner and you did not perform any services for any other employer, and •continued vesting shall be appropriate, which determination shall be made prior to your termination and will be based on your performance and conduct (before and after providing notice), and •for 36 months from the date of grant of this award award, you do not either perform services in any capacity (including self-employment) for a Financial Services Company (as defined below) or work in your profession (whether or not for a Financial Services Company); provided that you may work for a government, education or Not-for-Profit Organization (as defined below), and •you satisfy the Release/Certification Requirements set forth below. After receipt of such advance written notice, the Firm may choose to have you continue to provide services during such 18090-day period as a condition to continued vesting or shorten the length of the 18090-day period at the Firm’s sole discretion, but to a date no earlier than the date you would otherwise meet the age and service requirements. Additional advance notice requirements may apply for employees subject to notice period policies policies. (see See “Notice Period” below.).

Appears in 1 contract

Samples: Award Agreement (Jpmorgan Chase & Co)

Termination of. Employment Except as explicitly set forth below under the subsections captioned “--Job Elimination”, ,” “--Full Career Eligibility”, ,” “--Government Office” or “--Disability” below or under the section captioned “Death”, any RSUs outstanding under ,” this award will be cancelled in full effective on the date your employment with the Firm terminates for any reason. .Subject to these terms and conditions (including, but not limited to, sections captioned “Protection-Based Vesting”, “Bonus Recoupment”, “EMEA Malus and Clawback Policy - Identified Staff”, “Recapture Provisions”, Your Obligations” and "Remedies”), ") you will be eligible to continue to vest (as you otherwise would vest if you were still employed by JPMorgan Chaseon the original vesting schedule) with respect to your award in accordance with its terms and conditions following the termination of your employment if one of the following circumstances applies to you: Ø Job Elimination Job Elimination: In the event that the Director of Human Resources or nominee in his or her sole discretion determines that •the Firm terminated your employment because your job was eliminated, and •after you are notified that your job will be eliminated, you provided such services as requested by the Firm in a cooperative and professional manner, and •you satisfied the Release/Certification Requirements set forth below. Ø Full CareerEligibility Full Career Eligibility: In the event that the Director of Human Resources or nominee in his or her sole discretion determines that •you voluntarily terminated your employment with the Firm, had completed at least five years of continuous service with the Firm immediately preceding your termination date, and •the sum of your age and Recognized Service (as defined below) on your date of termination equaled or exceeded 60 15 years, and •you provided at least 180 days advance written notice to the Firm of your intention to voluntarily terminate your employment under this provision, during which notice period you provided such services as requested by the Firm in a cooperative and professional manner and you did not perform any services for any other employer, and •continued vesting shall be appropriate, which determination shall be made prior to your termination and will be based on your performance and conduct (before and after providing notice), and •for 36 months from the date of grant of this award award, you do not either perform services in any capacity (including self-employment) for a Financial Services Company (as defined below) or work in your profession (whether or not for a Financial Services Company); provided that you may work for a government, education or Not-for-Profit Organization (as defined below), and •you satisfy the Release/Certification Requirements set forth below. After receipt of such advance written notice, the Firm may choose to have you continue to provide services during such 180-day period as a condition to continued vesting or shorten the length of the 180-day period at the Firm’s sole discretion, but to a date no earlier than the date you would otherwise meet the age and service requirementsrequirement. Additional advance notice requirements may apply for employees subject to notice period policies policies. (see See “Notice Period” below.).

Appears in 1 contract

Samples: Award Agreement (Jpmorgan Chase & Co)

Termination of. Employment Except as explicitly set forth below under the subsections captioned “--Job Elimination”, ,” “--Full Career Eligibility”, ,” “--Government Office” or “--Disability” below or under the section captioned “Death”, any RSUs outstanding under ,” this award (for avoidance of doubt, including any Reinvested Dividend Equivalent Share Units) will be cancelled in full effective on the date your employment with the Firm terminates for any reason. .Subject to these terms and conditions (including, but not limited to, sections captioned “Protection-Based Vesting”, ,” “Bonus Recoupment”, ,” “UK Clawback Policy for Identified Staff,” “Recapture Provisions”, ,” “Remedies,” and “Your Obligations” and “Remedies,), ) you will be eligible to continue to vest (as you otherwise would vest if you were still employed by JPMorgan Chaseon the original vesting schedule) with respect to your award in accordance with its terms and conditions following the termination of your employment if one of the following circumstances applies to you: Ø Job Elimination Job Elimination: In the event that the Director of Human Resources or nominee in his or her sole discretion determines that •the Firm terminated your employment because your job was eliminated, and •after you are notified that your job will be eliminated, you provided such services as requested by the Firm in a cooperative and professional manner, and •you andyou satisfied the Release/Certification Requirements set forth below. Ø Full CareerEligibility Full Career Eligibility: In the event that the Director of Human Resources or nominee in his or her sole discretion determines that •you voluntarily terminated your employment with the Firm, had completed at least five years of continuous service with the Firm immediately preceding your termination date, and •the sum of your age and Recognized Service (as defined below) on your date of termination equaled or exceeded 60 15 years, and •you provided at least 180 90 days advance written notice to the Firm of your intention to voluntarily terminate your employment under this provision, during which notice period you provided such services as requested by the Firm in a cooperative and professional manner and you did not perform any services for any other employer, and •continued vesting shall be appropriate, which determination shall be made prior to your termination and will be based on your performance and conduct (before and after providing notice), and •for 36 months from the date of grant of this award , you do not either perform services in any capacity (including self-employment) for a Financial Services Company (as defined below) or work in your profession (whether or not for a Financial Services Company); provided that you may work for a government, education or Not-for-Profit Organization (as defined below), and •you satisfy the Release/Certification Requirements set forth below. After receipt of such advance written notice, the Firm may choose to have you continue to provide services during such 18090-day period as a condition to continued vesting or shorten the length of the 18090-day period at the Firm’s sole discretion, but to a date no earlier than the date you would otherwise meet the age and service requirementsrequirement. Additional advance notice requirements may apply for employees subject to notice period policies policies. (see See “Notice Period” below.).

Appears in 1 contract

Samples: Award Agreement (Jpmorgan Chase & Co)

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