Active Employment definition
Examples of Active Employment in a sentence
If your Active Employment with the Company and/or its subsidiaries ends due to death or Disability, all of the Awarded Performance RSUs not previously vested or forfeited will vest on the Termination of Service Date.
In addition, if your Active Employment with the Company and/or its subsidiaries ends as a result of a termination by the Company other than for “Cause”, then the Committee may, in its discretion, vest, on the Termination of Service Date, Awarded Time-Vesting RSUs not previously vested or forfeited.
If your Active Employment with the Company and/or its subsidiaries ends due to death or Disability, all of the Awarded Time-Vesting RSUs not previously vested or forfeited will vest on the Termination of Service Date.
In addition, if your Active Employment with the Company and/or its subsidiaries ends as a result of a termination by the Company other than for “Cause”, then the Committee may, in its discretion, vest, on the Termination of Service Date, Awarded Performance RSUs not previously vested or forfeited.