Termination of Employment with the Company Sample Clauses

Termination of Employment with the Company. For purposes of this Agreement and to the extent applicable to the Participant, the termtermination of employment” shall mean “separation from service” as defined in Section 409A of the Internal Revenue Code (“Section 409A”). To the extent payments are made during the periods permitted under Section 409A (including any applicable periods before or after the specified payment dates set forth in this Section 2(c)), the Company shall be deemed to have satisfied its obligations under the Plan and shall be deemed not to be in breach of its payments obligations hereunder.
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Termination of Employment with the Company. If Executive's employment with the Company is terminated by the Coinmach Board without Cause, or if Executive's employment is terminated by Executive for Good Reason (and not by reason of Executive's death or disability) and (i) no Company Event of Default has occurred and is continuing, Executive shall be entitled to receive severance pay in an amount equal to 2.0 times the sum of his Annual Base Salary then in effect plus the amount of the bonus paid to Executive for the most recently completed fiscal year, payable in 18 equal monthly installments, or (ii) a Company Event of Default has occurred and is continuing, Executive shall be entitled to receive severance pay in an amount equal to his Annual Base Salary then in effect payable in 12 equal monthly installments, in the case of each of clauses (i) and (ii) subject to applicable withholding tax requirements, commencing upon the execution by the Company and Executive of a mutual release of the parties' respective rights, duties, privileges and obligations hereunder other than those rights, duties, privileges and obligations which are contemplated to continue beyond the Employment Period, which release the parties hereby agree to use their reasonable good faith efforts to secure.
Termination of Employment with the Company. All exercisable Options granted herein must be exercised within ninety (90) days following the date on which the employment of Employee with the Company or one of its subsidiaries terminates (i.e., last day worked, excluding any severance period) (“Termination Date”), or be forfeited, except as provided in Section 2.3 below and as follows:
Termination of Employment with the Company. Prior to the Closing Date, Purchaser may deliver to the Company a schedule of Employees whom the Company shall terminate (the “Terminated Employees”), effective as of the Closing Date. The Company shall satisfy in full all Termination Payments with respect to the Terminated Employees.
Termination of Employment with the Company. Prior to the Closing Date, the Company shall terminate all employees who are not Continuing Employees (the “Terminated Employees”), effective as of the Closing Date and will provide Parent with a schedule listing the Terminated Employees and the amounts payable to each. The Company shall satisfy in full all Termination Payments with respect to the Terminated Employees.
Termination of Employment with the Company. If you employment with the Company (or a Subsidiary) is terminated for any reason other than as a result of your death, disability, early or normal retirement, or registration as provided in Sections 7 and 8 hereof, you may exercise that portion of this Option which was exercisable by you at the date of termination at any time within 90 days of the date of such termination provided, however, such exercise occurs within the Option Period and further provided that in the event such termination was due to "Cause" (as defined in the Plan), this Option shall immediately lapse and expire.
Termination of Employment with the Company. In the event of any termination of the Participant’s continuous employment with the Company, except as otherwise hereafter provided, Parent and/or any Subsidiary, the Option shall (except to the extent vested before termination of the Participant’s employment) cease to vest. The Participant may exercise the Option to the extent vested before termination of employment for any reason at any time within three (3) months after such termination of employment, but in no event more than ____________ (___) years after the date of this Agreement. So long as the Participant shall continue to be an employee of the Company, Parent and/or any Subsidiary, the Option shall not be affected by any change in the Participants’ duties or position. In the event the Participant’s continuous employment with the Company, Parent and/or any Subsidiary is terminated by Participant for Good Reason or by Company, Parent or Subsidiary without Cause within 12 months after a Change in Control (as herein after defined), the Option shall vest in full upon such termination of employment, including with respect to the portion of the Option which had not previously vested. The Participant may exercise the Option (to the extent not previously exercised) at any time within three (3) months after such termination of employment. 1/2007
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Termination of Employment with the Company. Each Award Agreement shall set forth the extent to which the Participant shall have the right to receive unvested Restricted Shares following termination of the Participant's employment with the Company. Such provisions shall be determined in the sole discretion of the Administrator, shall be included in the Award Agreement entered into with each Participant, need not be uniform among all Shares of Restricted Stock issued pursuant to the Plan, and may reflect distinctions based on the reasons for termination of employment with the Company.
Termination of Employment with the Company. So long as the Grantee shall continue to provide substantial services as an employee of the Company (or an affiliated entity that is treated as a TARP Recipient under the TARP Rules), the Award shall not be affected by any change in the Grantee’s duties or position. Except as otherwise provided in this Agreement, in the event of any termination of the Grantee’s continuous employment with the Company for any reason, the Restricted Shares shall cease to vest and shall be forfeited.
Termination of Employment with the Company 
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