Termination of the Purchaser's Employment Sample Clauses

Termination of the Purchaser's Employment. (i) If the Purchaser shall cease to be employed by the Company's parent or any other subsidiary or affiliate of the Company's parent (collectively, the "Company Group"), for any reason whatsoever, the Company shall have the right (but not the obligation) to purchase from the Purchaser all or any portion of the Unvested Shares owned by the Purchaser at the time the Purchaser ceases to be employed by the Company, provided that Shares that become vested before or upon such 4 5 termination of Purchaser's employment pursuant to any provision of the Employment Agreement providing for acceleration of vesting upon the occurrence of certain events shall be deemed vested for purposes of this Agreement. Such right to purchase shall be exercisable by written notice to that effect given by the Company to the Purchaser within 30 days after the Purchaser has ceased to be employed by any member of the Company Group, as aforesaid. Upon the giving of such written notice, the Purchaser shall for all purposes cease to be a stockholder of the Company as to the Unvested Shares covered by such notice and shall have no rights against the Company or any other person in respect of such Unvested Shares except the right to receive payment for such Unvested Shares in accordance herewith. Notwithstanding the provisions of Subsection (a) of this Section 5, Unvested Shares not so purchased by the Company shall upon the expiration of such 30-day period become Vested Shares.
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Termination of the Purchaser's Employment. (i) If the Purchaser shall cease to be employed by the Company, for any reason whatsoever, the Company shall have the right (but not the obligation) to purchase from the Purchaser all or any portion of the Unvested Shares owned by the Purchaser at the time the Purchaser ceases to be employed by the Company. Such right to purchase shall be exercisable by written notice to that effect given by the Company to the Purchaser within 60 days after the Purchaser has ceased to be employed by the Company, as aforesaid. Upon the giving of such written notice, the Purchaser shall for all purposes cease to be a stockholder of the Company as to the Unvested Shares covered by such notice and shall have no rights against the Company or any other person in respect of such Unvested Shares except the right to receive payment for such Unvested Shares in accordance herewith. Notwithstanding the provisions of Subsection (a) of this Section 5, Unvested Shares not so purchased by the Company shall upon the expiration of such 60-day period become Vested Shares.
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Termination of the Purchaser's Employment. (i) If the Purchaser shall cease to be employed by the Company or any other subsidiary or affiliate of the Company (collectively, the "Company Group"), for any reason whatsoever, the Company shall have the right (but not the obligation) to purchase from the Purchaser all or any portion of the Unvested Shares owned by the Purchaser at the time the Purchaser ceases to be employed by the Company, provided that Shares that become vested before or upon such termination of Purchaser's employment pursuant to any provision of the Employment Agreement providing for acceleration of vesting upon the occurrence of certain events shall be
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Termination of the Purchaser's Employment. (i) Except as provided in the next to last sentence of this clause (c)(i), if the Purchaser shall cease to be employed by the Company for any reason whatsoever or shall cease to be employed as Chief Financial Officer of the FMC Portfolio Company for any reason whatsoever, the Company shall have the right (but not the obligation) to purchase from the Purchaser all or any portion of the Unvested Shares owned by the Purchaser at the time the Purchaser ceases to be employed by the Company or the FMC Portfolio Company, as the case may be. Such right to purchase shall be exercisable by written notice to that effect given by the Company to the Purchaser within 60 days after the Purchaser has ceased to be employed by the Company or the FMC Portfolio Company, as the case may be, as aforesaid. Upon the giving of such written notice, the Purchaser shall for 7 7 all purposes cease to be a stockholder of the Company as to the Unvested Shares covered by such notice and shall have no rights against the Company or any other person in respect of such Unvested Shares except the right to receive payment for such Unvested Shares in accordance herewith. The Company's right to purchase set forth herein shall not apply in the event that (1) the Purchaser shall cease to be employed by the Company or as Chief Financial Officer of the FMC Portfolio Company, as the case may be, because his employment has been terminated by the Company or the FMC Portfolio Company, if applicable, unless such termination is for Due Cause or (2) the Purchaser shall cease to be employed by the Company due to his acceptance of a position as Chief Financial Officer of the FMC Portfolio Company. Notwithstanding the provisions of Subsection (a) of this Section 5, Unvested Shares not so purchased by the Company shall upon the expiration of such 60-day period become Vested Shares; provided, however, that if the Purchaser shall cease to be employed by the Company upon acceptance of a position as Chief Financial Officer of the FMC Portfolio Company, then the Unvested Shares shall continue to be Unvested Shares and shall vest in accordance with Subsection (a) of this Section 5.
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Related to Termination of the Purchaser's Employment

  • Termination of Executives Employment Termination of Executive's Employment means that (i) the Company has terminated Executive's employment with the Company (including any subsidiary of the Company) other than for Cause (as defined in Section 5.2), death or Disability (as defined in Section 5.3), or (ii) Executive, by written notice to the Company, has terminated his employment with the Company (including any subsidiary of the Company) for Good Reason (as defined below). For purposes of this Agreement, "Good Reason" means:

  • 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.

  • Termination of Employment Agreements Any and all Employment Agreements entered into between the Company or any of its Subsidiaries and the Executive prior to the date of this Agreement are hereby terminated.

  • Termination of Employment and Options Vested Options shall terminate, to the extent not previously exercised, upon the occurrence of the first of the following events:

  • Termination of Employment in Connection with a Change in Control If the Executive’s employment is terminated either by the Company Without Cause (as defined in Section 6(d)) or by the Executive for Good Reason (as defined in Section 6(e)(ii)), in either case within the period commencing one month prior to and ending twelve months following a Change in Control, then, subject to Section 22 [Compliance with Section 409A], the Executive shall be entitled to the compensation and benefits set forth in Sections 8(e)(i)(a) through (e) (in addition to any other payments or benefits provided under this Agreement), provided that within sixty days following the Executive’s termination of employment (i) the Executive has executed and delivered the Release to the Company, and (ii) the Release has become irrevocable:

  • Term; Termination of Employment The term of this Agreement (the “Term”) begins on the Effective Date and will end, along with Executive’s employment with the Company, on the earliest to occur of the following events.

  • Termination of Employment With Cause If the Participant is terminated for Cause, the Performance Share Unit Award will be forfeited. For this purpose, “Cause” is defined in the employment agreement in effect between the Participant and the Company or any subsidiary, including any employment agreement entered into after the Award Date. In the absence of an employment agreement, “Cause” means any breach by the Participant of any of his or her material obligations under any Company policy or procedure, including, without limitation, the Code of Conduct.

  • Obligations of the Company Upon Termination of Employment (a) Expiration of Term, By the Company for Cause or by Executive without Good Reason. If Executive's employment shall be terminated:

  • Termination of Employment Relationship 3.1 The Executive’s employment with the Company shall automatically terminate, and the Employment Term shall thereupon terminate:

  • Cooperation With Company After Termination of Employment Following termination of Executive’s employment for any reason, Executive shall fully cooperate with the Company in all matters relating to the winding up of Executive’s pending work including, but not limited to, any litigation in which the Company is involved, and the orderly transfer of any such pending work to such other employees as may be designated by the Company.

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