Termination and Interruption of Employment Sample Clauses

Termination and Interruption of Employment. Participation in the Program, including but not limited to Participant's right to vest in an Award or exercise an Option, is conditioned upon Participant's continuous employment with the Company, except as otherwise provided below. For all purposes related to an Award, Participant's employment shall be deemed terminated as of the last day of active service with the Company, regardless of any entitlement to notice, payment in lieu of notice, severance pay, termination pay, pension payment, or the equivalent that may be provided by any other plan, contract, or law. If Participant's continuous employment with the Company terminates or is interrupted for any reason stated below, Participant's rights with respect to the Award, including any "Core CAP Basic Shares" and "Core CAP Premium Shares" (each as defined below), "Supplemental CAP Shares" and shares subject to an Option ("Option shares"), each as may be set forth in the Stock Award Summary and/or Stock Option Grant Summary of this Agreement, will be affected as described below. With respect to any provision herein that provides for the distribution of shares upon the termination of Participant's employment, such distribution may be delayed for a period of six months, if Citigroup determines that Participant is among the Company's top 50 most highly compensated employees. Interest will not accrue during the period of delay and there will not be any compensation for loss in market value or otherwise. [INCLUDE SUB-SECTIONS (a)—(r) AS APPLICABLE]:
Sample 1
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Termination and Interruption of Employment. Participation in the Program, including but not limited to Participant’s right to vest in an Award [or exercise an Option], is conditioned upon Participant’s continuous employment with the Company, except as otherwise provided below. For all purposes related to an Award, Participant’s employment shall be deemed terminated on the date of Participant’s “separation from service” from Citigroup, [except where specifically provided otherwise in this Agreement]. Whether a “separation from service” has occurred will be determined in accordance with the definition of such term in Treas. Reg. § 1.409A-1(h), which, unless provided otherwise by such definition [(or elsewhere in this Agreement in a manner that does not conflict with such definition)] shall be as of Participant’s last day of active service with the Company, regardless of any entitlement to notice, payment in lieu of notice, severance pay, termination pay, pension payment, or the equivalent that may be provided by any other plan, contract, or law. If Participant’s continuous employment with the Company terminates or is interrupted for any reason stated below, Participant’s rights with respect to the Award will be affected as described below. With respect to any provision herein that provides for the distribution of a deferred [stock][cash] award upon the termination of Participant’s employment, such distribution may be delayed for a period of six months, if Citigroup determines that Participant is a “specified employee” within the meaning of Treas. Reg. § 1.409A-1(i)(1) (generally, one who is among the Company’s top 50 most highly compensated employees). Interest will not accrue during the period of any such delay and there will not be any compensation for loss in market value that occurs during such time or otherwise. [INCLUDE SUB-SECTIONS (a) – (r) AS APPLICABLE]:
Sample 1
Termination and Interruption of Employment. Participation in the Program, including but not limited to Participant's right to vest in an Award or exercise an Option, is conditioned upon Participant's continuous employment with the Company, except to the limited extent to which participation in the Program may continue following a termination or interruption of Participant's employment as provided below. If Participant's continuous employment with the Company terminates or is interrupted for any reason stated below, Participant's rights with respect to the Award will be affected as follows:
Sample 1
Termination and Interruption of Employment. Participation in the Program, including but not limited to Participant’s right to vest in an Award, is conditioned, in part, upon Participant’s continuous employment with the Company up to and including the Vesting Date, except as otherwise provided below. For all purposes related to an Award, Participant’s “Termination Date” shall be the date of his or her “separation from service” (within the meaning of Treas. Reg. 1.409A-1(h)(1)(i), but without regard to the last sentence thereof) from the Company, regardless of any entitlement to notice, payment in lieu of notice, severance pay, termination pay, pension payment, or the equivalent that may be provided by any other plan, contract, or law. If Participant’s continuous employment with the Company terminates or is interrupted for any reason stated below, Participant’s rights with respect to the Award, as set forth in the Award Summary, will be affected as described herein.
Sample 1
Termination and Interruption of Employment. Participation in the Program, including but not limited to Participant’s eligibility to vest in an Award pursuant to Section 2, is conditioned upon Participant’s continuous employment with the Company, except as otherwise provided below. For all purposes related to an Award, Participant’s employment shall be deemed terminated on the date of Participant’s “separation from service” from the Company, except where specifically provided otherwise in this Agreement. Whether a “separation from service” has occurred will be determined in accordance with the definition of such term in Treas. Reg. § 1.409A-1(h), which, unless provided otherwise by such definition (or elsewhere in this Agreement in a manner that does not conflict with such definition) shall be as of Participant’s last day of active service with the Company, regardless of any entitlement to notice, payment in lieu of notice, severance pay, termination pay, pension payment, or the equivalent that may be provided by any other plan, contract, or law. If Participant’s continuous employment with the Company terminates or is interrupted for any reason stated below, Participant’s rights with respect to the Award will be affected as described below.
Sample 1
Termination and Interruption of Employment. Participant’s right to vest in an Award is conditioned upon Participant’s continuous employment with the Company, except as otherwise provided below. In certain circumstances described below, Participant’s right to exercise vested Option shares may also be affected. For all purposes related to an Award, Participant’s employment shall be deemed terminated on the date of Participant’s “separation from service” from Citigroup. Whether a “separation from service” has occurred will be determined in accordance with the definition of such term in Treas. Reg. § 1.409A-1(h), which, unless provided otherwise by such definition (or elsewhere in this Agreement in a manner that does not conflict with such definition) shall be as of Participant’s last day of active service with the Company, regardless of any entitlement to notice, payment in lieu of notice, severance pay, termination pay, pension payment, or the equivalent that may be provided by any other plan, contract, or law. If Participant’s continuous employment with the Company terminates or is interrupted for any reason stated below, Participant’s rights with respect to the Award will be affected as described below.
Sample 1
Termination and Interruption of Employment. Participation in the Program, including but not limited to Participant's right to vest in an Award or exercise an Option, is conditioned upon Participant's continuous employment with the Company, except as otherwise provided below. The date of termination of Participant's employment for any purpose related to an Award shall be the final actual working day on which Participant provides active service to the Company, regardless of any entitlement to notice, payment in lieu of notice, severance pay, termination pay, pension payment, or the equivalent that may be provided by any other plan, Company policy, contract, or law. If Participant's continuous employment with the Company terminates or is interrupted for any reason stated below, Participant's rights with respect to the Award, including any "Core CAP Basic Shares" and "Core CAP Premium Shares" (each as defined below), "Supplemental CAP Shares" and shares subject to an Option ("Option shares"), each as may be set forth in the Stock Award Summary and/or Stock Option Grant Summary of this Agreement, will be affected as follows [INCLUDE PARAGRAPHS (a) – (p) AS APPLICABLE]:
Sample 1
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Termination and Interruption of Employment. The Grantee’s right to vest in the Restricted Shares, is conditioned upon the Grantee’s continuous employment with the Company, except as otherwise provided below. If the Grantee’s continuous employment with the Company terminates or is interrupted for any reason not stated below, vesting of the Restricted Shares will cease immediately; the Restricted Shares will be canceled and the Grantee shall have no further rights of any kind with respect to the Restricted Shares. If Grantee’s continuous employment with the Company terminates or is interrupted for a reason stated below, Grantee’s rights with respect to the Restricted Shares will be affected as provided below. For purposes of this Agreement, employment with the Company shall include working for a subsidiary that is a member of the “controlled group” of the Company. For these purposes, “controlled group” has the meaning set forth in Treas. Reg. § 1.409A-1(h)(3).
Sample 1
Termination and Interruption of Employment. Participation in the Program, including but not limited to Participant's right to vest in the Award, is conditioned upon Participant's continuous employment with the Company, except as otherwise provided below. If Participant's continuous employment with the Company terminates or is interrupted for any reason not stated below, vesting of the Award will cease immediately, the Award will be canceled and Participant shall have no further rights of any kind with respect to the Award. If Participant's continuous employment with the Company terminates or is interrupted for a reason stated below, Participant's rights with respect to the Award will be affected as provided below. For purposes of the Agreement, employment with the Company shall include working for a subsidiary that is a member of the "controlled group" of Citigroup (as defined below). For these purposes, "controlled group" has the meaning set forth in Treas. Reg. § 1.409A-1(h)(3). [INCLUDE SUB-SECTIONS (a)—(f) AS APPLICABLE]
Sample 1

Related to Termination and Interruption of Employment

  • Termination of Services 6.2. To promote a non-discriminatory work environment based on the principle of equality, employers and the trade union should adopt appropriate measures to ensure that employees with HIV and AIDS are not unfairly discriminated against and are protected from victimisation through positive measures such as:

  • TERMINATION OF EMPLOYMENT; EFFECT OF TERMINATION (a) The Term of Employment may be terminated by the Company at any time:

  • Termination of Employment Agreement (a) Effective as of the Effective Date and immediately prior to the Effective Time, the Employment Agreement is hereby terminated and shall be of no further force or effect whatsoever; provided, however, that, and notwithstanding anything in this Agreement to the contrary, such termination shall be contingent on the closing of the Merger.

  • 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:

  • Termination of Employees Agent may in its discretion stop using any Retained Employee at any time during the Sale, subject to the conditions provided for herein. In the event that Agent desires to cease using any Retained Employee, Agent shall notify Merchant at least seven (7) days prior thereto, so that Merchant may coordinate the termination of such employee; provided, however, that, in the event that Agent determines to cease using an employee “for cause” (which shall consist of dishonesty, fraud or breach of employee duties), the seven (7) day notice period shall not apply, provided further, however, that Agent shall immediately notify Merchant of the basis for such “cause” so that Merchant can arrange for termination of such employee. From and after the date of this Agreement and until the Sale Termination Date, Merchant shall not transfer or dismiss Retained Employees except “for cause” without Agent’s prior consent. Notwithstanding the foregoing, Agent shall not have the right to terminate the actual employment of any Retained Employee, but rather may only cease using such employee in the Sale and paying any Expenses with respect to such employee.

  • Termination of Employment Executive's employment hereunder may be terminated under the following circumstances:

  • Voluntary Termination of Employment If during the Employment Term, Executive terminates his employment under circumstances other than those specified elsewhere in this Section 8, Executive shall be entitled to the payments and benefits specified in Section 8(a).

  • Involuntary Termination of Employment If the Executive exercises his withdrawal rights pursuant to Subsection 2.2, and the Executive's employment with the Bank is involuntarily terminated for any reason including termination due to disability of the Executive, but excluding termination for Cause, or termination following a Change in Control, within thirty (30) days of such involuntary termination of employment, the Bank shall be required to record a final Phantom Contribution in an amount equal to: (i) the full Phantom Contribution required for the Plan Year in which such involuntary termination occurs, if not yet made, plus (ii) the present value (computed using a discount rate equal to the Interest Factor) of all remaining Phantom Contributions.

  • Termination of Employment Severance Your immediate supervisor or the Company's Board of Directors may terminate your employment, with or without cause, at any time by giving you written notice of your termination, such termination of employment to be effective on the date specified in the notice. You also may terminate your employment with the Company at any time. The effective date of termination (the "Effective Date") shall be the last day of your employment with the Company, as specified in a notice by you, or if you are terminated by the Company, the date that is specified by the Company in its notice to you. The following subsections set forth your rights to severance in the event of the termination of your employment in certain circumstances by either the Company or you. Section 5 also sets forth certain restrictions on your activities if your employment with the Company is terminated, whether by the Company or you. That section shall survive any termination of this Agreement or your employment with the Company.

  • Effect of Termination of Employment The provisions of this Section 6 shall apply in the event of termination of Executive’s employment, pursuant to Section 5, or otherwise.

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