Common use of Voluntary Termination or Termination for Cause Clause in Contracts

Voluntary Termination or Termination for Cause. If Employee voluntarily terminates employment prior to the Vesting Date or is terminated for Cause solely as determined by the Company prior to the Scheduled Payment Date, Employee forfeits the Award and all amounts which could have been paid under the Agreement. For purposes of the Agreement, Cause or Termination for Cause shall include the following conditions:

Appears in 2 contracts

Samples: Retention Award Agreement (Alabama Power Co), Retention Award Agreement (Alabama Power Co)

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Voluntary Termination or Termination for Cause. If Employee voluntarily terminates employment prior to the Vesting Date or is terminated for Cause cause solely as determined by the Company prior to the Scheduled Payment Date, Employee forfeits the Award all amounts under this Agreement and all amounts which could have been paid under the this Agreement. For purposes of the this Agreement, Cause "Cause" or "Termination for Cause Cause" shall include the following conditions:

Appears in 1 contract

Samples: Retention and Restricted Stock Unit Award Agreement (Southern Power Co)

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Voluntary Termination or Termination for Cause. If Employee voluntarily terminates employment prior to the Vesting Date or is terminated for Cause solely as determined by the Company prior to the Scheduled Payment Date, Employee forfeits all amounts under the Award Agreement and all amounts which could have been paid under the Agreement. For purposes of the Agreement, Cause "Cause" or "Termination for Cause Cause" shall include the following conditions:

Appears in 1 contract

Samples: Retention and Restricted Stock Unit Award Agreement (Southern Power Co)

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