Termination of Employment On or After Sample Clauses
The 'Termination of Employment On or After' clause defines the conditions and procedures that apply when an employee's employment ends on or after a specified date. Typically, this clause outlines the rights and obligations of both the employer and employee regarding notice periods, severance pay, or benefits that are triggered by termination occurring on or after the stated date. Its core practical function is to ensure clarity and fairness in handling employment terminations that happen after a certain point in time, thereby reducing disputes and providing certainty for both parties.
Termination of Employment On or After. [1st Anniversary of Award Date]. If the Participant's employment with the Company and its Affiliates terminates on or after [1st Anniversary of Award Date] due to Retirement (as defined in the Plan), death or Disability (as defined in the Plan), any unvested Shares shall become fully vested as of the employment termination date. If the Participant's employment with the Company and it Affiliates terminates on or after [1st Anniversary of Award Date] for any reason other than Retirement, death or Disability and prior to the next Vesting Date, the Participant shall forfeit all rights to and interests in the unvested Shares.
Termination of Employment On or After. January 24, 2003
Termination of Employment On or After. September 30, 2002 or Before ------------------------------------------------------------------ September 30, 2002 for Other Than Good Cause. In the event of termination of -------------------------------------------- Key Employee's employment with the Company on or after September 30, 2002 for any reason whatsoever, or in the event that the Company terminates Key Employee's employment before September 30, 2002 for other than Good Cause (as defined below), the Company will not be entitled to buy back the Shares purchased by Key Employee pursuant to this Agreement other than as provided in Section 8.4 of this Agreement. Notwithstanding the foregoing, the parties may enter into a subsequent agreement whereby the Company agrees to purchase Shares held by Key Employee.
Termination of Employment On or After. Age 55. An Optionee whose employment terminates on or after age 55, by reason other than death, shall be entitled to exercise such Option if the Optionee was entitled to exercise the Option at the date of the termination, without, however, giving effect to the limitations, if any, which may have been imposed by the Committee pursuant to Section 5.3(b) with respect to the percent of the total number of shares to which the Option relates which may be purchased from time to time during the Option Period; provided, however, that such Option shall be exercisable until the later of (i) the three-year period after termination of employment, or (ii) the period after termination of employment which is equal to the number of full months that the Option has been outstanding prior to such termination, but in no event after the expiration of the Option Period.