ACCELERATION OF VESTING FOLLOWING TERMINATION WITHOUT CAUSE Sample Clauses

ACCELERATION OF VESTING FOLLOWING TERMINATION WITHOUT CAUSE. If you are terminated without "Cause" within the first year of your employment with the Company, a minimum of one-eighth (1/8th) of your stock options will vest immediately upon your termination of employment, or in the alternative, you will be paid the outstanding remainder of your salary for the one year period, which ever is greater.
Sample 1
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ACCELERATION OF VESTING FOLLOWING TERMINATION WITHOUT CAUSE. Effective following the Annual Meeting, if you are terminated without "Cause" during your employment with the Company, all unvested options pursuant to Stock Option 2 and any other options to purchase shares of the Company's Common Stock granted to you by the Company's Board of Directors shall become fully vested and exercisable as of the date of such termination.
Sample 1
ACCELERATION OF VESTING FOLLOWING TERMINATION WITHOUT CAUSE. If you are terminated without a "Cause" within the first year of your employment with the Company, a minimum of one-eighth (1/8th) of your stock options will vest immediately upon your termination of employment, provided that if the value of the shares covered by the one-eighth (1/8th) of your Option has a value of less than $5 million (or $50 per share), then the vesting of an additional portion of your Option shall be accelerated so that the total value of the shares for which the vesting on the Option is accelerated shall be equal to $5 million. In calculating the additional shares covered by the Option for which vesting shall be accelerated (to provide you with vested shares with a value of $5 million), the Company shall use the highest market price of its common stock during the last trading month in which your employment is terminated.
Sample 1

Related to ACCELERATION OF VESTING FOLLOWING TERMINATION WITHOUT CAUSE

  • Termination on Death or Disability Upon a termination of employment due to the Executive’s death or Disability, the Company shall have no further liability or further obligation to the Executive except that the Executive (or, if applicable, his estate or designated beneficiaries under any Company-sponsored employee benefit plan in the event of his death) shall be entitled to receive:

  • Termination without Cause or Resignation for Good Reason in Connection with a Change of Control If the Company terminates Executive’s employment with the Company without Cause (excluding death or Disability) or if Executive resigns from such employment for Good Reason, and, in each case, such termination occurs during the Change of Control Period, then subject to Section 4, Executive will receive the following:

  • Termination Without Cause The Company may terminate the Executive’s employment hereunder at any time without Cause. Any termination by the Company of the Executive’s employment under this Agreement which does not constitute a termination for Cause under Section 3(c) and does not result from the death or disability of the Executive under Section 3(a) or (b) shall be deemed a termination without Cause.

  • Involuntary Termination Without Cause In the event of the Participant’s involuntary Termination by the Company without Cause, the vested portion of the Option shall remain exercisable until the earlier of (i) ninety (90) days from the date of such Termination, and (ii) the expiration of the stated term of the Option pursuant to Section 3(d) hereof.

  • Termination by Company Without Cause The Company may terminate Employee’s employment without Cause upon thirty (30) days written notice to Employee. If Employee’s employment with the Company is terminated by the Company without Cause, and Employee signs and does not revoke a Release, then Employee shall be entitled to the following:

  • Termination Without Cause; Termination for Good Reason If the Company shall terminate the Executive’s employment, other than for Cause, or the Executive shall terminate his employment for Good Reason, then;

  • Termination by Death or Disability In the event of the death of EMPLOYEE or the inability of EMPLOYEE to perform the obligations described in this Agreement with or without accommodation by reason of disability or some other occurrence beyond the control of either party, and such inability to perform has continued or will continue beyond a reasonable period of time, but not less than 60 days, this Agreement shall terminate as a termination with cause and all future obligations between the parties shall cease upon the termination date reasonably established by LSU, unless otherwise required by law.

  • Termination Due to Retirement Subject to Section 7 below, in the event of Termination due to Retirement, then (regardless of any subsequent death of the Employee) the Option will continue to vest pursuant to Section 3, and the last date on which the Option may be exercised is the day prior to the Expiration Date.

  • Termination Without Cause or Termination for Good Reason (a) The Company may terminate the Executive's employment hereunder without Cause, and the Executive shall be permitted to terminate his employment hereunder for Good Reason (as hereinafter defined). If the Company terminates the Executive's employment hereunder without Cause, other than due to death or Disability, or if the Employee effects a termination for Good Reason, the Executive shall be entitled to receive all the benefits provided for under Section 3.6 of this Agreement.

  • Termination by Employer Without Cause Employer may terminate the Term (and Executive’s employment) by giving two weeks written notice to Executive. A termination made pursuant to this Section 5.3 is a “termination Without Cause.” A termination made pursuant to Section 5.2 (and satisfying the notice requirement set forth therein) shall under no circumstance be considered a termination Without Cause.

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