Effect of a Termination of Employment Sample Clauses

Effect of a Termination of Employment. (1) Except as provided in subsection (2) below, if the Participant’s employment with the Company is terminated for any reason other than a Change in Control prior to the vesting of any Shares then held by the Participant, such Shares shall thereupon be forfeited immediately by the Participant and returned to the Company.
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Effect of a Termination of Employment. If the Employee’s employment with the Company terminates for any reason prior to the vesting thereof, any Restricted Stock Units that have not vested before the effective date of such termination of employment or that do not become vested on such date shall be immediately forfeited and cancelled upon such termination of employment.
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Effect of a Termination of Employment. Unless otherwise specified in a written employment agreement, in the event of a termination by the Company without Cause or due to death or disability or by the Executive for Good Reason prior to end of applicable Bonus Period, an Executive will receive a pro rata portion of the Executive’s Target Bonus for the relevant Bonus Period based on actual performance for that Bonus Period. If the Executive’s employment is terminated by the Company without Cause or due to death or disability or by the Executive for Good Reason during the period between the end of the Bonus Period and the bonus payment date, the Executive will receive full payment of the bonus at the same time the Company pays bonuses to active employees. If the Executive is terminated for Cause or resigns without Good Reason during the period between the beginning of the Bonus Period and the bonus payment date, the Executive will forfeit the bonus. Clawback: Each bonus will be subject to clawback to the extent that the audited financial statements for the period on which the bonus requires a downward adjustment to EBITDA. For the period that the Executive remains employed by the Company, any such clawback amounts may be repaid through a reduction of base salary or other amounts otherwise payable to the Executive, provided the Company and the Executive enter into a written mutual agreement providing for the terms and conditions of such repayment, including the Executive’s requirement to make full payment promptly and directly in the event of a termination of employment.
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Effect of a Termination of Employment. Subject to Section 7 hereof, each Option shall terminate prior to the time set forth in Section 3 hereof as follows:
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Effect of a Termination of Employment 
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Related to Effect of a Termination of Employment

  • Effect of Termination of Employment The provisions of this Section 6 shall apply in the event of termination of Executive’s employment, pursuant to Section 5, or otherwise.

  • TERMINATION OF EMPLOYMENT; EFFECT OF TERMINATION (a) The Term of Employment may be terminated by the Company at any time:

  • Effect of Termination of Service Except as otherwise provided in accordance with Section 4(b) above, if you cease to be a Service Provider, you will forfeit all unvested Units.

  • Term and Termination of Employment (a) This Agreement shall be effective as of the Effective Date.

  • Benefits Upon Termination of Employment If the Executive is entitled to benefits pursuant to this Section 2, the Company agrees to pay or provide to the Executive as severance payment, the following:

  • Payments Upon Termination of Employment (a) If Executive's employment with the Company is terminated by reason of:

  • Compensation Following Termination of Employment In the event that Executive's employment hereunder is terminated, Executive shall be entitled to the following compensation and benefits upon such termination:

  • Effect of Termination for Cause If Employee's employment is terminated "For Cause":

  • Compensation Upon Termination of Employment If the Executive’s employment hereunder is terminated, in accordance with the provisions of Article III hereof, and except for any other rights or benefits specifically provided for herein to be effective following the Executive’s period of employment, the Company will provide compensation and benefits to the Executive only as follows:

  • Competition After Termination of Employment The Company shall not pay any benefit under this Agreement if the Executive, without the prior written consent of the Company and within 2 years from the Executive’s Termination of Employment, engages in, becomes interested in, directly or indirectly, as a sole proprietor, as a partner in a partnership, or as a substantial shareholder in a corporation, or becomes associated with, in the capacity of employee, director, officer, principal, agent, trustee or in any other capacity whatsoever, any enterprise conducted in the trading area (a 50 mile radius) of the business of the Company, which enterprise is, or may deemed to be, competitive with any business carried on by the Company as of the date of termination of the Executive’s employment or retirement. This section shall not apply following a Change in Control.

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