Termination Guidelines. 1. The guidelines provide a minimum period of notice of termination except in the case of serious misconduct.
Termination Guidelines. If you terminate employment with the Company before the Vesting Date for any reason other than for cause, retirement, death, or permanent disability, you will forfeit all of these shares. If you are terminated for cause before the Vesting Date you will forfeit all of these shares. If you retire, die or become totally and permanently disabled, your shares will 100% vest upon such termination of employment.
Termination Guidelines. If you terminate employment for reasons other than cause, retirement, death, permanent disability or transferring to another Xxx company, you will have 90 days from the date of termination (or until the expiration of the option term, if that date is less than 90 days from the date of termination) to exercise any vested stock options. Unvested stock options will be forfeited. If you are terminated for cause, you will forfeit all benefits from the Plan and all options (vested and unvested) will immediately be cancelled. If you retire, die or become totally and permanently disabled, your stock options will immediately 100% vest upon termination of employment and you (or your beneficiary) will have one year from the date of termination (or until the expiration of the option term, if that date is less than one year from the date of termination) to exercise all vested options. If you transfer to another Xxx company after a date when any portion of this award has become vested, you will retain the portion that is vested at the time of transfer, but any unvested portion will be forfeited. If you transfer to another Xxx company prior to a date when any portion of this award has become vested, then a portion of the option award will become vested upon the date of transfer, as follows: • None of your award will vest if the transfer date is less than 6 months after the Grant Date. • 20% of your award will vest if the transfer date is at least 6 months but less than 18 months after the Grant Date. • 40% of your award will vest if the transfer date is at least 18 months but less than 30 months after the Grant Date. • 60% of your award will vest if the transfer date is at least 30 months but less than 36 months after the Grant Date. I wish to accept this award granted under the Xxx Radio, Inc. Long-Term Incentive Plan. I acknowledge that I have received a copy of the Plan Summary, Plan Prospectus, and Legal Plan Document, and agree to all of the terms and conditions contained in this agreement and the Legal Plan Document. In the event of inconsistency between this agreement and the Legal Plan Document, the terms of the Legal Plan Document shall control. Signature: Date: Return by [date] (in the envelope provided) to [name], Compensation Department at Xxx Enterprises, Inc. Form of Xxx Radio, Inc. Long-Term Incentive Plan Restricted Stock Xxxxx Agreement «First_Name» «Last» Xxxxx Date Type of Grant Number of Shares [date] Restricted Stock [number]
Termination Guidelines. If you have a separation from service with the Company before the Vesting Date for any reason other than for cause, retirement, death or permanent disability, then you will forfeit all of these units. If you are terminated for cause, as that term is defined in the Legal Plan Document, you will forfeit all of these units. If you have a separation from service with the Company before the Vesting Date by reason of your retirement, death or total and permanent disability, your units will become 100% vested upon such separation from service, and shares will be issued to you or your beneficiary effective as of such date; provided that if you are a specified employee, you will not be entitled to receive your shares until the date six (6) months following the date of your separation from service except where your separation from service is by reason of your death. For this purpose, the terms “separation from service” and “specified employee” shall have the meanings set forth in the Legal Plan Document. I wish to accept this award granted under the Xxx Radio, Inc. Long-Term Incentive Plan. I acknowledge that I have received a copy of the Plan Summary, Plan Prospectus, and Legal Plan Document. I agree to all of the terms and conditions contained in this Agreement and the Legal Plan Document. In the event of inconsistency between this Agreement and the Legal Plan Document, the terms of the Legal Plan Document shall control. Signature: Date: Return (in the enclosed envelope) to: [ ] Compensation Department Xxx Enterprises, Inc. 0000 Xxxxxxxxx Xxxxxxxx Xxxx
Termination Guidelines. Termination may come in 2 cases - Voluntary withdrawal and Management Termination. ● Voluntary Withdrawal of Chapter - when the Chapter decided to cease its operation due to uncertainties. ● Management Termination - when the Chapter vehemently or repeatedly violated any of the provisions stipulated in the agreement - that causes operational impact across Chapters and the Core Organization. To lessen the operation impact on the community - exiting Chapter’s rights , affiliates and data will automatically be reassigned the parent organization - including all member’s records in the system. Most importantly, this Termination provision should make clear that the chapter no longer has the right to use the organization’s trademark upon termination of the chapter affiliation agreement. Upon signing this agreement, both parties agree to guidelines aforementioned. Authorized Signature Authorized Signature Chapter SVP International Representative Print Name and Title Print Name and Title ANNEX I Ladderized Chapter Reign Our Community is growing fast - and we wanted to reach more Sovereign Citizen. As we introduced this Community Chapter Phase - our approach is through a Ladderized Reign. What is a Ladderized Reign? Ladderized Reign corresponds to the Growth of a Chapter to which can be measured through ranking/leveling. Here’s the list of Sovereign Ranks and It’s Projects Growth. Rank Dominion Number of Membership Maximum SVM Allowance Gentleman & Ladies Club 0 - 500 5,000,000 Knight & Dame Manor Baronet & Baronetess Xxxx 501 - 1500 15,000,000 Baron & Baroness Borough 1501 - 3000 20,000,000 Viscount & Viscountess Vicecounty 3001 - 5000 25,000,000 Xxxx & Countess County 5001 - 7500 30,000,000 Marquess & Marchioness Marquessate 7501 - 10000 50,000,000 Xxxx & Xxxxxxx Xxxxx 00000 up 100,000,000 Here’s the Mechanics
