Involuntary Termination without Cause or due to Death or Disability Sample Clauses

Involuntary Termination without Cause or due to Death or Disability. (i) If Participant’s employment is terminated involuntarily by the Company or an Affiliate for any reason other than Cause, or if Participant’s employment terminates by reason of death or Disability, in each case on or after January 1, 2023, the number of earned PSUs, as measured and determined by the Committee based on the fulfillment of the performance conditions set forth in Appendix A, shall vest as of the date of such termination of employment (such date also being a “Vesting Date”).
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Involuntary Termination without Cause or due to Death or Disability. If Participant’s employment is terminated involuntarily by the Company or an Affiliate for any reason other than Cause, or if Participant’s employment terminates by reason of death or Disability, the Shares subject to the RSUs that have not yet vested shall vest as of the date of such termination of employment (such date also being a “Vesting Date”).
Involuntary Termination without Cause or due to Death or Disability. In the event Employee has duly discharged all the duties and responsibilities under this Agreement, but Employee’s employment is terminated involuntarily by the Company or any other Group Company for any reason other than Cause, or if Employee’s employment terminates by reason of death or Disability (as defined in the RSU agreement), in each case prior to the expiration of the Retention Period, the RSUs that have not yet vested shall vest as of the date of such termination of employment.
Involuntary Termination without Cause or due to Death or Disability. In the event Employee has duly discharged all the duties and responsibilities under this Agreement, but Employee’s employment is terminated involuntarily by the Company or any other Group Company for any reason other than Cause, or if Employee’s employment terminates by reason of death or Disability (as defined in the PSU agreement), in each case on or after January 1, 2023 (but prior to the expiration of the Retention Period), the number of earned PSUs, as measured and determined by the Compensation Committee of the Board based on the fulfillment of the performance conditions in Appendix A, shall vest as of the date of such termination of employment. In the event Employee has duly discharged all the duties and responsibilities under this Agreement, but Employee’s employment is terminated involuntarily by the Company or any other Group Company for any reason other than Cause, or if Employee’s employment terminates by reason of death or Disability (as defined in the PSU agreement), in each case prior to January 1, 2023, then as soon as reasonably practicable following the date of termination, the Compensation Committee of the Board shall determine the number of earned PSUs based on the fulfillment of the performance conditions in Appendix A up to the date of Employee’s termination. Such earned PSUs shall vest as of the date of such Compensation Committee determination.

Related to Involuntary Termination without Cause or due to Death or Disability

  • 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 of Employment Due to Death or Disability If the Executive’s employment is terminated at any time due to his or her death or Disability, this Agreement shall terminate without further obligation by the Company to the Executive, other than the obligation to pay the Accrued Obligations to the Executive or his or her legal representatives.

  • Termination Due to Death or Disability Executive’s employment shall terminate automatically upon Executive’s death. The Company may terminate Executive’s employment immediately upon the occurrence of a Disability, such termination to be effective upon Executive’s receipt of written notice of such termination. Upon Executive’s death or in the event that Executive’s employment is terminated due to Executive’s Disability, Executive or Executive’s estate or Executive’s beneficiaries, as the case may be, shall be entitled to:

  • Good Reason; Other Than for Cause, Death or Disability If, during the Employment Period, the Company shall terminate the Executive's employment other than for Cause or Disability or the Executive shall terminate employment for Good Reason:

  • TERMINATION FOR DISABILITY OR DEATH (a) Termination of Executive’s employment based on “Disability” shall be construed to comply with Section 409A of the Internal Revenue Code and shall be deemed to have occurred if: (i) Executive is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment that can be expected to result in death, or last for a continuous period of not less than 12 months; (ii) by reason of any medically determinable physical or mental impairment that can be expected to result in death, or last for a continuous period of not less than 12 months, Executive is receiving income replacement benefits for a period of not less than three months under an accident and health plan covering employees of the Bank or the Company; or (iii) Executive is determined to be totally disabled by the Social Security Administration. The provisions of Sections 6(b) and (c) shall apply upon the termination of the Executive’s employment based on Disability. Upon the determination that Executive has suffered a Disability, disability payments hereunder shall commence within thirty (30) days.

  • Termination by Death or Disability In the event of the death of EMPLOYEE or the inability of EMPLOYEE to perform the obligations described in this Agreement with or without accommodation by reason of disability or some other occurrence beyond the control of either party, and such inability to perform has continued or will continue beyond a reasonable period of time, but not less than 60 days, this Agreement shall terminate as a termination with cause and all future obligations between the parties shall cease upon the termination date reasonably established by LSU, unless otherwise required by law.

  • Termination for Death or Disability If the Employee's employment is terminated by death or because of disability pursuant to Section 4.3, the Company shall pay to the estate of the Employee or to the Employee, as the case may be, all sums which would otherwise be payable to the Employee under Section 3 up to the end of the month in which the termination of his employment because of death or disability occurs.

  • Termination for Cause or Voluntary Termination If the Executive’s employment terminates pursuant to Section 6(c) [For Cause] or Section 6(f) [Voluntary Termination], the Executive shall be entitled to receive only the salary, annual bonuses, expense reimbursements, benefits and accrued vacation days earned by the Executive pursuant to Section 4 through the date of the Executive’s termination of employment. Annual bonuses are not earned until the date any such bonus is paid in accordance with the terms of the applicable bonus plan. As such, the Executive shall not be entitled to any bonus not paid prior to the date of the Executive’s termination of employment, and the Executive shall not be entitled to any prorated bonus payment for the year in which the Executive’s employment terminates. Any stock options granted to the Executive by the Company shall continue to vest only through the date on which the Executive’s employment terminates, and unless otherwise provided by their terms, any restricted stock, performance share awards or other equity awards that were granted to the Executive by the Company that remain unvested as of the date on which the Executive’s employment terminates shall automatically be forfeited and the Executive shall have no further rights with respect to such awards. The Company shall have no further obligations to the Executive as a result of termination of employment described in this Section 8(b) except as set forth in Section 12.

  • Termination Without Cause or Termination for Good Reason (a) The Company may terminate the Executive's employment hereunder without Cause, and the Executive shall be permitted to terminate his employment hereunder for Good Reason (as hereinafter defined). If the Company terminates the Executive's employment hereunder without Cause, other than due to death or Disability, or if the Employee effects a termination for Good Reason, the Executive shall be entitled to receive all the benefits provided for under Section 3.6 of this Agreement.

  • Termination Without Cause; Termination for Good Reason If the Company shall terminate the Executive’s employment, other than for Cause, or the Executive shall terminate his employment for Good Reason, then;

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