Cessation without Good Cause Sample Clauses

Cessation without Good Cause. In the event the Participant’s Business Relationship ceases by reason of the Company’s termination of the Participant without Good Cause (as defined in Appendix A), the Participant shall be entitled to payment of a pro rata portion of the earned Performance Share Units for the fiscal year in the Performance Period in which the Business Relationship ceased, based on the number of days elapsed in such fiscal year prior to the cessation of the Business Relationship and the Company’s Average Percentile Rank for such fiscal year.
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Cessation without Good Cause. In the event the Participant’s Business Relationship ceases by reason of the Company’s termination of the Participant without Good Cause, the Participant shall be entitled to payment of a pro rata portion of the Performance Share Units for the Performance Period (as shortened by the termination), based on the number of days elapsed in the original 36-month Performance Period prior to the cessation of the Business Relationship and the Company’s percentile rank for the Performance Period.
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Cessation without Good Cause. In the event the Participant’s Business Relationship ceases by reason of the Company’s termination of the Participant without Good Cause (as defined in Appendix A), the Participant shall be entitled to payment of a pro rata portion of the earned Performance Share Units for the performance segment in which the Business Relationship ceased, based on the number of days elapsed in such performance segment prior to the cessation of the Business Relationship and the Company’s Average Percentile Rank in respect of such performance segment. Any Shares in respect of Performance Share Units earned pursuant to the previous sentence shall be paid to the Participant at the same time that the Shares are delivered to other holders of this type of Award for the applicable performance segment in which the cessation of Business Relationship occurs, which timing shall be pursuant to the terms of this Agreement. Form of Operating PSU Agreement (approved March 22, 2017)
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Cessation without Good Cause. In the event the Participant’s Business Relationship ceases by reason of the Company’s termination of the Participant without Good Cause (as defined in Appendix A), the Participant shall be entitled to payment of a pro rata portion of the earned Performance Share Units for the Performance Period, based on the number of days elapsed in the original 36-month Performance Period prior to the cessation of the Business Relationship and the Company’s percentile rank for the Performance Period. Any Shares in respect of Performance Share Units earned pursuant to the previous sentence shall be paid to the Participant at the same time that the Shares are delivered to other holders of this type of Award, which timing shall be pursuant to the terms of this Agreement.
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Cessation without Good Cause. In the event that (i) the Performance Goal is achieved on or before the last day of the Performance Period as certified by the Committee in writing and (ii) the Participant’s Business Relationship ceases after achievement of the Performance Goal by reason of the Company’s termination of the Participant without Good Cause (as defined in Appendix A), then the Participant shall be vested in and entitled to payment of a pro rata portion of the total number of Shares underlying the Performance Share Units based on the number of days elapsed in the Vesting Period prior to the cessation of the Business Relationship less any Shares previously paid to the Participant, which shall be paid to the Participant within 60 days of the date of the cessation of the Business Relationship. In no event, shall the Participant be required to return Shares already paid, nor shall the total number of Shares payable be less than zero. If the Performance Goal is not achieved on or before the date of such termination, all of the Performance Share Units shall be forfeited for no consideration on the date of such termination.
Sample 1
Cessation without Good Cause. In the event the Participant’s Business Relationship ceases by reason of the Company’s termination of the Participant without Good Cause (as defined in Appendix A), the Participant shall be entitled to payment of a pro rata Form of TSR PSU Award Agreement (approved May 6, 2018) portion of the earned Performance Share Units for the Performance Period, based on the number of days elapsed in the original 36-month Performance Period prior to the cessation of the Business Relationship and the Company’s percentile rank for the Performance Period. Any Shares in respect of Performance Share Units earned pursuant to the previous sentence shall be paid to the Participant at the same time that the Shares are delivered to other holders of this type of Award, which timing shall be pursuant to the terms of this Agreement.
Sample 1

Related to Cessation without Good Cause

  • Termination Without Good Reason Executive shall have the right to terminate the Period of Employment and Executive’s employment hereunder at any time without Good Reason (as defined below) upon thirty (30) days prior written notice of such termination to the Company. Any such termination by the Executive without Good Reason shall be treated for all purposes of this Agreement as a termination by the Company for Cause and the provisions of Section 7(a) shall apply.

  • Termination Without Just Cause In the case of a termination of Executive’s employment hereunder Without Just Cause in accordance with Section 1.6.6, Executive shall be entitled to the following in lieu of any other compensation or benefits (under Section 1.4 of this Agreement or otherwise) from Employer:

  • Voluntary Termination Without Good Reason The Executive may terminate his employment without Good Reason at any time during the Term of Employment, provided he gives at least thirty (30) days' advance written notice. If the Executive terminates his employment with Holding or the Company without Good Reason (and not because of his death or due to Disability), the Executive shall have the same entitlements hereunder as provided in Section 9(c) in the case of a termination by Holding or the Company for Cause.

  • Resignation without Good Reason The Executive may resign from the Executive’s employment without Good Reason.

  • Termination Without Cause or for Good Reason If Executive’s employment by the Company ceases due to a termination by the Company without Cause (as defined below) or a resignation by Executive for Good Reason (as defined below), Executive will be entitled to:

  • For Cause or Without Good Reason If Executive’s employment is terminated by the Company for Cause or by Executive without Good Reason, the Company shall pay Executive the Accrued Obligations, and the Company shall have no further obligations to Executive under this Agreement.

  • 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 for Cause or Without Good Reason If the Executive’s employment should be terminated (i) by the Company for Cause, or (ii) by the Executive without Good Reason, the Company shall pay to the Executive any Accrued Amounts only, and shall not be obligated to make any additional payments to the Executive.

  • 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.

  • Termination for Cause or Resignation without Good Reason If, during the Term of this Agreement, Executive’s employment is terminated by the Company for Cause, or Executive resigns his employment hereunder without Good Reason, the Company shall pay Executive the Termination Amounts, less standard deductions and withholdings. The Company shall thereafter have no further obligations to Executive under this Agreement, except as otherwise provided by law.

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