Eligible Termination Clause Samples
Eligible Termination. The Executive shall be entitled to the compensation set forth in Section 4 of this Agreement if (1) a Change in Control of the Company shall have occurred while the Executive is an employee of the Company and (2) the Executive’s employment with the Company is subsequently terminated by the Company or by the Executive within two (2) years of such Change in Control, unless such termination is as a result of:
(i) the Executive’s death; or
(ii) the Executive’s Disability (as defined in Section (3)(b) below); or
(iii) the Executive’s Retirement (as defined in Section 3(c) below); or
(iv) the Executive’s termination by the Company for Cause (as defined in Section 3(d) below); or
(v) the Executive’s decision to terminate employment other than for Good Reason (as defined in Section 3(e) below).
Eligible Termination. The Executive will receive the benefits set forth in this Agreement in the event the Executive is either (i) involuntarily terminated by the Company for a reason other than Cause or (ii) resigns for Good Reason (each, a “Termination Event”), in either case during the Change in Control Period and in either case provided that such Termination Event constitutes a “separation from service” within the meaning of Section 409A of the Code (“Separation From Service”).
Eligible Termination. 21 18 BENEFITS PAYABLE FOR AN ELIGIBLE TERMINATION..........................................
Eligible Termination. This Agreement shall be regarded as having been terminated pursuant to an Eligible Termination if THE NON-EXECUTIVE exercises his/her right in terms of clause 10.1 to terminate this Agreement, for an Eligible Transaction, and the termination duly takes effect as contemplated in clause 10.3.
Eligible Termination. If, at any time during the period beginning six (6) months before and ending twenty-four (24) months after the effective date of Reorganization,
(i) Executive terminates employment with the Bank for Good Reason; or
(ii) the Bank terminates Executive’s employment without Cause, then, the Executive shall be entitled to the benefits provided in Section 4(a).