Expiration Upon Termination of Employment Sample Clauses

Expiration Upon Termination of Employment. Any Options which have not been exercised prior to the Termination Date will expire on the earlier of (i) 60 days after the Termination Date (180 days if the Termination Date occurs as a result of the death of Executive) and (ii) the Expiration Date, and may not be exercised thereafter under any circumstance.
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Expiration Upon Termination of Employment. Any portion of the Option that was not vested and exercisable on the Termination Date shall expire on such date and may not be exercised thereafter under any circumstance. Any portion of the Option that was vested and exercisable on the Termination Date shall expire on the earlier of (i) 90 days after the Termination Date (or 6 months after the Termination Date if the termination was caused by Optionee's death or disability) and (ii) the Expiration Date and may not be exercised thereafter under any circumstance.
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Expiration Upon Termination of Employment. Any Management ----------------------------------------- Options which have not been exercised prior to the Termination Date will expire on the earlier of (i) 90 days after the Termination Date and (ii) the Expiration Date and may not be exercised thereafter under any circumstance. Notwithstanding anything herein to the contrary, if an Early Termination occurs then a portion of each Tranche of Management Options equal to the product of (i) the number of Management Options Shares in each such Tranche multiplied by (ii) a fraction (which will in no event be greater than one), the numerator of which will equal the sum of (A) the number of completed 3-Month Periods elapsed between May 16, 1997 and the date of the Early Termination plus (B) if and only if the applicable Management Target as of the Termination Date has been exceeded, 10, and the denominator of which will equal 20 (collectively, the "Extended -------- Options"), will not expire until the Expiration Date. Notwithstanding anything ------- herein to the contrary, any Management Options which have not expired prior to the Competition Date will expire 30 days after the Competition Date and may not be exercised thereafter under any circumstance.
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Expiration Upon Termination of Employment. In the event that your ----------------------------------------- employment with the Company is terminated or ends for any reason other than voluntary retirement on or prior to the date on which your Option is fully exercised, your Option shall immediately expire and not be exercisable under any circumstance; provided, however, that any portion of your Option that was vested -------- ------- and exercisable on the date your employment with the Company terminated or ended (for any reason other than for Cause, Permanent Disability, death or voluntary retirement) shall expire 30 days from the date of such termination, but in no event later than the Expiration Date. If your employment with the Company is terminated for Cause, any vested and exercisable portion of your Option will be forfeited as of the date of your termination. If your employment with the Company is terminated due to voluntary retirement, your Option may continue to be vested and become exercisable, subject to the terms and conditions covering retirement in the Plan, for a period of up to three years following the date of your retirement. By your acceptance of this Option, you acknowledge and agree that the Plan provides that if, at any time during your retirement, you engage in conduct that the Committee determines to be detrimental to the Company, your Option is subject to immediate forfeiture without prior notice.
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Expiration Upon Termination of Employment 
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Related to Expiration Upon Termination of Employment

  • 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:

  • Rights Upon Termination of Employment The terms which regulate the treatment of the International Participant's Restricted Stock Units upon termination of employment are set out in the Plan and in the Award Documents. In summary, upon the International Participant's termination of employment for any reason other than death, Disability or Retirement, any unvested Restricted Stock Units shall be forfeited and cancelled on the date of such termination of employment.

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

  • 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:

  • Severance Compensation upon Termination of Employment If the Company shall terminate the Executive’s employment other than pursuant to Section 5(a), (b) or (c) or if the Executive shall terminate his employment for Good Reason, then the Company shall pay to the Executive as severance pay in a lump sum, in cash, on the fifth day following the Date of Termination, an amount equal to three (3) times the average of the aggregate annual compensation paid to the Executive during the three (3) fiscal years of the Company immediately preceding the Change of Control by the Company subject to United States income taxes (or, such fewer number of fiscal years if the Executive has not been employed by the Company during each of the preceding three (3) fiscal years).

  • Term; Termination of Employment The term of this Agreement (the “Term”) begins on the Effective Date and will end, along with Executive’s employment with the Company, on the earliest to occur of the following events.

  • Termination Upon Death or Disability If the Executive dies during the Term, the Term shall terminate as of the date of death. If there is a good faith determination by the Board that the Executive has become physically or mentally incapable of performing his duties under the Agreement and such disability has disabled the Executive for a cumulative period of 180 days within any 12-month period (a “Disability”), the Company shall have the right, to the extent permitted by law, to terminate the employment of the Executive upon notice in writing to the Executive. Upon Executive’s death or in the event that Executive’s employment is terminated due to his Disability, Executive or his estate or his beneficiaries, as the case may be, shall be entitled to: (i) all accrued but unpaid Annual Salary through the date of termination of Executive’s employment, (ii) any unpaid or unreimbursed expenses incurred in accordance with hereof, (iii) any benefits provided under the Company’s employee benefit plans upon a termination of employment, in accordance with the terms contained therein (the payments and benefits referred to in clauses (i) through (iii) above, collectively, the “Accrued Obligations”), (iv) any unpaid Annual Bonus in respect of any completed fiscal year that had ended prior to the date of such termination, which amount shall be paid at such time annual bonuses are paid to other senior executives of the Company, but in no event later than March 15 of the fiscal year following the fiscal year in which such termination occurred; (v) an amount equal to the target Annual Bonus, prorated to reflect the partial year of employment, which amount shall be paid at such time annual bonuses are paid to other senior executives of the Company, but in no event later than March 15 of the fiscal year following the fiscal year in which such termination occurred (subject to Section 7.15 of this Agreement) and (vi) all outstanding equity (or equity-based) incentives and awards held by the Executive shall thereupon vest and become free of restrictions and all stock options shall be exercisable in accordance with their terms. Following the Executive’s death or a termination of the Executive’s employment by reason of a Disability, except as set forth in this Section 4, the Executive shall have no further rights to any compensation or any other benefits under this Agreement.

  • Other Termination of Employment In the event of your voluntary termination (other than a Retirement subject to Section 2(c) or a Qualifying Termination subject to Section 2(f)), or termination by the Company or a subsidiary of the Company for misconduct or other conduct deemed by the Company to be detrimental to the interests of the Company or a subsidiary of the Company, you shall forfeit all unvested RSUs on the date of termination.

  • Compensation and Benefits Upon Termination of Employment (a) If the Company shall terminate the Executive's employment after a Change in Control other than pursuant to Section 3(b), 3(c) or 3(d) and Section 3(f), or if the Executive shall terminate his employment for Good Reason, then the Company shall pay to the Executive, as severance compensation and in consideration of the Executive's adherence to the terms of Section 5 hereof, the following:

  • Termination of Employment for Cause If Optionee’s employment with the Bancorp or a subsidiary corporation is terminated for cause, this option shall expire thirty (30) days from the date of such termination. Termination for cause shall include, but not be limited to, termination for malfeasance or gross misfeasance in the performance of duties or conviction of a crime involving moral turpitude, and, in any event, the determination of the Board of Directors with respect thereto shall be final and conclusive.

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