Common use of Termination of Service by the Company without Cause or by the Participant for Good Reason Clause in Contracts

Termination of Service by the Company without Cause or by the Participant for Good Reason. Upon termination of the Participant’s service with the Company and its Subsidiaries by the Company or its Subsidiaries without Cause or by the Participant for “good reason” (or any like term as defined under any employment agreement with the Company or a Subsidiary to which the Participant is a party, as modified below), Stock Awards that are unvested as of date of termination shall be forfeited. For any Participant who is a party to an employment agreement with the Company or a Subsidiary, “good reason” shall also include the Participant's termination of his or her employment within ninety (90) days following the expiration of the employment term of the Participant's employment agreement under circumstances that would have constituted good reason had such termination occurred during the employment term.

Appears in 2 contracts

Samples: Stock Award Agreement (Endo International PLC), Stock Award Agreement (Endo International PLC)

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Termination of Service by the Company without Cause or by the Participant for Good Reason. Upon termination of the Participant’s service with the Company and its Subsidiaries by the Company or its Subsidiaries without Cause or by the Participant for “good reason” (or any like term as defined under any employment agreement with the Company or a Subsidiary to which the Participant is a party, as modified below), Stock Awards any portion of the Award that are is unvested as of date of termination shall be forfeited. For any Participant who is a party to an employment agreement with the Company or a Subsidiary, “good reason” shall also include the Participant's termination of his or her employment within ninety (90) days following the expiration of the employment term of the Participant's employment agreement under circumstances that would have constituted good reason had such termination occurred during the employment term.

Appears in 1 contract

Samples: Award Agreement (Endo International PLC)

Termination of Service by the Company without Cause or by the Participant for Good Reason. Upon termination of the Participant’s service with the Company and its Subsidiaries by the Company or its Subsidiaries without Cause or by the Participant for “good reason” (or any like term as defined (provided that such a termination is afforded protection under any an employment agreement with the Company or a Subsidiary to which the Participant is a party), as modified below), Stock Awards that are unvested as of date of termination shall be forfeited. For any Participant who is a party to an employment agreement with the Company or a Subsidiary, “good reason” shall also include the Participant's ’s termination of his or her employment within ninety (90) days following the expiration of the employment term of the Participant's ’s employment agreement under circumstances that would have constituted good reason had such termination occurred during the employment term.

Appears in 1 contract

Samples: PLC Stock Award Agreement (Endo International PLC)

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Termination of Service by the Company without Cause or by the Participant for Good Reason. Upon termination of the Participant’s service with the Company and its Subsidiaries by the Company or its Subsidiaries without Cause or by the Participant for “good reason” (or any like term as defined (provided that such a termination is afforded protection under any an employment agreement with the Company or a Subsidiary to which the Participant is a party), as modified below), Stock Awards any portion of the Award that are is unvested as of date of termination shall be forfeited. For any Participant who is a party to an employment agreement with the Company or a Subsidiary, “good reason” shall also include the Participant's ’s termination of his or her employment within ninety (90) days following the expiration of the employment term of the Participant's ’s employment agreement under circumstances that would have constituted good reason had such termination occurred during the employment term.

Appears in 1 contract

Samples: Award Agreement (Endo International PLC)

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