Involuntary Termination of Employment definition

Involuntary Termination of Employment means the Termination of Service by the Company or Subsidiary (other than a termination for Cause) or termination of employment by a Participant Employee for Good Reason.

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Involuntary Termination of Employment means any termination of the Optionee’s employment with the Corporation by reason of being discharged, firing or other involuntary termination of an Optionee’s employment by action of the Corporation.

Involuntary Termination of Employment means the termination of a contract of employment by the Crown or other authority (howsoever described) which employs a contributor without the consent of the contributor other than termination by dismissal on the ground of misconduct or incapacity or retrenchment in accordance with arrangements approved by the Governor in Council.

Examples of Involuntary Termination of Employment in a sentence

• In the event of the Participant’s Involuntary Termination of Employment following a Change in Control, all Options held by the Participant, whether or not exercisable at such time, will become fully exercisable, subject to the expiration provisions otherwise applicable to the Option.

• In the event of an Involuntary Termination of Employment following a Change in Control, all Restricted Stock Awards will vest as to all shares subject to an outstanding Award, whether or not fully vested, at the date of the Involuntary Termination of Employment.

• This Agreement shall survive an Involuntary Termination of Employment.

• Executive shall have the right to exercise any vested or unvested stock options held by Executive at the date of termination within the one year period after the date of such Involuntary Termination of Employment but not later than the expiration date(s) of such stock options, or if such exercise is not permitted or, in any event, if Executive so elects, an amount equal to the bargain element of such options, vested or unvested, shall be paid.

• Notwithstanding the foregoing, if the Executive dies within three months from the date of the Involuntary Termination of Employment, his vested and unvested stock options may be exercised within the one year period after the date of such Involuntary Termination of Employment but not later than the expiration date(s) of such stock options, or if such exercise is not permitted or, in any event, if Executive so elects, an amount equal to the bargain element of such options, vested or unvested, shall be paid.

More Definitions of Involuntary Termination of Employment

Involuntary Termination of Employment means, for the purposes of the Agreement, Termination of Employment by the Employer without Cause (as defined in Section 1.20 of this Agreement) or by the Executive because of Constructive Discharge (as defined in Section 1.20 of this Agreement).

Involuntary Termination of Employment means

Involuntary Termination of Employment means a Participant’s Separation From Service as a result of either the elimination of his job or a reduction in force. A Participant whose employment is terminated by the Company for Cause shall not be treated as having incurred an “Involuntary Termination of Employment”.

Involuntary Termination of Employment means, following a Change in Control, the Executive experiencing a Termination of Employment following having been notified in writing by the Employer that employment with the Employer is terminated.

Involuntary Termination of Employment means a severance of the Participant's employment relationship, other than for death, Disability (as defined in Article II), retirement, or Cause, (i) by or at the instigation of Company or (ii) by or at the instigation of Participant where Participant's pay has been diminished or reduced to a greater extent than any diminution or reduction of Company's officers generally.

Involuntary Termination of Employment means the Termination of Employment before the Normal Retirement Age for any reason other than death, Disability, Cause, or Change in Control either: (a) by the Bank or the Holding Company or (b) by the Executive for Good Reason if “good reason” is defined in the Employment Agreement (if no Employment Agreement exists or if “good reason” is not defined in the Employment Agreement then this subpart shall not apply).

Involuntary Termination of Employment means a severance of the Executive’s employment relationship prior to age 65, other than for death, Disability, Retirement, or Cause, by or at the instigation of Company or by or at the instigation of Executive where Executive’s pay has been diminished or reduced to a greater extent than any diminution or reduction of Company’s Executives generally. Where there has been a Change of Control, Involuntary Termination of Employment shall mean a termination of the employment relationship by or at the instigation of Company or by or at the instigation of Executive (whether before or after age 65) within two years of the Change of Control.