Impact of Termination. If Employee’s employment with the Company is terminated prior to any of the above vesting date(s) for any reason (including Employee’s death or disability), then any RSUs that had not yet become earned and vested under paragraph (a) above shall be immediately canceled as of the date of such termination.
Impact of Termination. During a Performance Period Unless set forth in an applicable employment agreement or otherwise provided by the Compensation Committee, in its sole discretion, the following provisions shall apply to the PSUs: Upon any type of termination on or prior to the last day of the first fiscal year of the applicable Performance Period, the entire Award will be forfeited. Upon termination that occurs within the second or third fiscal years of the applicable Performance Period, the following terms and conditions shall apply: In the event of termination by the Company for Cause (as may be defined in an applicable employment agreement) or termination by an Eligible Person without Good Reason (as may be defined in an applicable employment agreement), the entire Award will be forfeited. In the event of termination by the Company without Cause (as may be defined in an applicable employment agreement), including by a non-renewal of the Eligible Person’s employment agreement, termination by the Eligible Person with Good Reason (as may be defined in an applicable employment agreement) or upon retirement, an Eligible Person shall be entitled to receive a pro-rata portion of any Award that would have been paid had no termination occurred based on the number of days the Eligible Person was employed by the Company during the Performance Period.
Impact of Termination. Once this Agreement is terminated, each party shall immediately cease to have any of the benefits or rights provided under this Agreement after the date of termination for the applicable Service Partner Sign-up Form(s). Likewise, each party shall immediately cease to be subject to any obligation imposed by this Agreement except as to those obligations that survive the termination, obligations that include the obligations imposed under this Agreement’s confidentiality provisions.
Impact of Termination. In the event that Xxxxxx is terminated by Employer for Cause pursuant to Section 5 or without Cause pursuant to Section 6 prior to the expiration of the Term, his accrued but unpaid salary shall be paid through the date of termination, but he shall not be eligible to participate in the Cash Bonus Incentive Plan in the year of termination or any year thereafter. If Xxxxxx terminates his employment for Good Reason pursuant to Section 5 prior to the expiration of the Term, he shall continue to receive his unpaid annual salary and fringe benefits package and he shall be eligible to participate in the Cash Bonus Incentive Program, in each case pursuant to Section 3 and for the remainder of the Term. After termination of employment, Xxxxxx shall (i) return or cause to be returned any personal computer used by him to the Employer, and return or cause to be returned to the Employer all personal property of the Employer (except his cell phone, which Xxxxxx may retain) and all documents and materials belonging to the Employer and stored in any fashion, whether or not those constitute or contain any Confidential Information or Work Product (as such terms are defined below), that are in the possession, custody, or control of Xxxxxx, whether they were provided to Xxxxxx by the Employer or any of its business associates or created by Xxxxxx in connection with his employment by the Employee and (ii) delete or destroy all copies of any such documents and materials not returned to the Employer that remain in Xxxxxx'x possession or control, including those stored on any non-Employer devices, networks, storage locations, and media in Xxxxxx'x possession or control (including the retained cell phone). Upon termination of Xxxxxx'x employment hereunder for any reason, Xxxxxx shall be deemed to have resigned from all positions that Xxxxxx holds as an officer or member of the board of directors (or a committee thereof) of the Employer or any of its subsidiaries or affiliates, except that Xxxxxx may remain as the Minority Director of Holdings pursuant to the terms of the Operating Agreement of Holdings.
Impact of Termination. 11.5 On termination the Corporate Authorised Representative agrees to set off any commission, brokerage, or other money owing by the AFSL Holder to the Corporate Authorised Representative against any debt, damages or amount due by the Corporate Authorised Representative to the AFSL Holder on any account whatsoever.
Impact of Termination. Upon expiration or termination of this Agreement, Client shall promptly remove all Client Data from any hosting service and shall cease all use of the Licensed Software.
Impact of Termination. 5.6.1. In the event this Contract is terminated, expires, or is not renewed for any reason, the state shall have the authority to crosswalk Enrollees into a Medi-Cal Managed Care Plan for the purposes of the seamless provision of Medi-Cal managed care covered services.
Impact of Termination. (a) Survival of Covenants. Upon termination of this Agreement, all rights and obligations of the parties hereunder shall cease, except termination of employment pursuant to Section 4 or otherwise shall not terminate or otherwise affect the rights and obligations of the parties pursuant to Sections 5 through 13 hereof.
Impact of Termination. (a) On termination of this Agreement pursuant to this Clause 2, the obligations of each Processor under this Agreement (including the obligation to make any payment of the Capacity Charge) shall terminate, but without prejudice to any obligation existing at that time of termination to make any payment hereunder which payment obligation has accrued during the period prior to such termination.
Impact of Termination. (a) Executive's employment hereunder may be terminated during the Employment Period, either by Executive or the Company, with or without cause. Nevertheless, if the Company terminates Executive’s employment for “Cause” as defined below, other than b(i), or if Executive resigns his employment with the Company prior to the end of the Employment Period without providing the requisite advance Notice of Termination as defined in section 6 below, Executive forfeits those options that have not vested as of the date of termination or resignation. On the other hand, if the Company terminates Executive without “Cause” as defined below or if Executive resigns with the requisite advance Notice of Termination as defined in section 6 below or Executive is terminated for “Cause” based upon b(i), a pro rata portion of Executive’s unvested shares will vest immediately upon the termination without Cause or resignation with the requisite advance Notice of Termination or under b(i). For example, if Company terminates Executive’s employment without Cause halfway through his first year of employment 25% of his NSOs, or one-half of the remaining unvested NSO shares, will automatically vest at the time of termination and 5% of his unvested ISO shares will vest.
