Common use of Termination Other Than for Death, Disability or Retirement Clause in Contracts

Termination Other Than for Death, Disability or Retirement. In the event that the Grantee's employment by the Company, or any Subsidiary or Affiliate of the Company, terminates prior to the last day of the Performance Period for any reason, other than death, Disability or Retirement, except as otherwise determined by the Compensation Committee, the Performance Units issued or issuable hereunder shall be immediately forfeited and the Grantee shall have no further rights with respect to the Performance Units or shares of the Company’s Common Stock that may have been issuable in settlement of such forfeited Performance Units.

Appears in 4 contracts

Samples: Performance Unit Award Agreement (Pinnacle Financial Partners Inc), 2023 Performance Unit Award Agreement (Pinnacle Financial Partners Inc), 2022 Performance Unit Award Agreement (Pinnacle Financial Partners Inc)

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Termination Other Than for Death, Disability or Retirement. In the event that the Grantee's employment by the Company, Company (or any Subsidiary or Affiliate of the Company, ) terminates prior to the last day of the Performance Period for any reason, other than death, Disability or Retirement, except as otherwise determined by the Compensation Committee, all Performance Units for which the Performance Measures set forth in Exhibit A have not been achieved and all shares of the Restricted Stock issued in settlement of any Performance Units issued or issuable hereunder for which the forfeiture restrictions have not lapsed prior to the date of termination shall be immediately forfeited and the Grantee shall have no further rights with respect to the such Performance Units or shares of the Company’s Common Stock that may have been issuable in settlement of such forfeited Performance UnitsRestricted Stock.

Appears in 1 contract

Samples: Performance Unit Award Agreement (Pinnacle Financial Partners Inc)

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Termination Other Than for Death, Disability or Retirement. In the event that the Grantee's employment by the Company, or any Subsidiary or Affiliate of the Company, terminates prior to the last day of the Performance Period for any reason, including Retirement but other than death, Disability death or RetirementDisability, except as otherwise determined by the Compensation CommitteeCommittee (including in connection with the termination of the Grantee by the Company without Cause), the Performance Units issued or issuable hereunder shall be immediately forfeited and the Grantee shall have no further rights with respect to the Performance Units or shares of the Company’s Common Stock that may have been issuable in settlement of such forfeited Performance Units.

Appears in 1 contract

Samples: Special Performance Unit Award Agreement (Pinnacle Financial Partners Inc)

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