Common use of Period of Service, Notice Clause in Contracts

Period of Service, Notice. A Participant shall not be entitled to receive any amount from his Special Retention Account if he (1) voluntarily terminates from the Company (including a retirement) effective before July 1, 2001, (2) voluntarily terminates from the Company (including a retirement) without providing 30 days' written notice of his intent to terminate, or (3) is terminated for Cause (as defined in Section 5.03(b), below). Nothing in this Section 5.03(a) shall affect the right of a Participant to receive any amount from his Special Retention Account if he is involuntarily terminated without Cause or terminates employment due to his death or disability (as defined in the applicable long-term disability plan).

Appears in 4 contracts

Samples: Grant Stock Option Agreement (Verizon Communications Inc), Stock Option Agreement (Verizon Communications Inc), Grant Stock Option Agreement (Verizon Communications Inc)

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Period of Service, Notice. A Participant shall not be entitled to receive any amount from his Special Retention Account if he (1) voluntarily terminates from the Company (including a retirement) effective before July 1, 2001, (2) voluntarily terminates from the Company (including a retirement) without providing 30 days' written notice of his intent to terminate, terminate or (32) is terminated for Cause (as defined in Section 5.03(b), below). Nothing in this Section 5.03(a) shall affect the right of a Participant to receive any amount from his Special Retention Account if he is involuntarily terminated without Cause or terminates employment due to his death or disability (as defined in the applicable long-term disability plan).

Appears in 2 contracts

Samples: Verizon Communications Inc, Verizon Communications Inc

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