Involuntary Termination Without Cause definition
Examples of Involuntary Termination Without Cause in a sentence
The termination of Executive’s employment as a result of Executive’s death or inability to perform the essential functions of his job due to disability will not be deemed to be an Involuntary Termination Without Cause.
The first payment stream will be equal to the Involuntary Termination Limit, and the Company will pay this amount in 12 monthly installments, beginning on the date of Involuntary Termination Without Cause.
If Executive's employment terminates due to an Involuntary Termination Without Cause or a Constructive Termination within thirteen (13) months following the effective date of a Change in Control, such termination of employment will be deemed a Covered Termination.
If there is a Change in Control of the Company (as defined in the Plan) during the Performance Period, then in the event of the Grantee’s Involuntary Termination Without Cause (as defined below) within two (2) years following the effective date of the Change in Control and during the same Performance Period, all the outstanding Performance Stock Units shall automatically become 100% vested on the Grantee’s termination of Employment date at the 1.0 multiplier award level.
If, before all RSUs in a tranche have vested, the Participant terminates employment for Good Reason (as defined in the employment agreement to which this Agreement is an exhibit), the then-unvested RSUs in each tranche shall be subject to the vesting provisions set forth in paragraph 8(b) (Involuntary Termination Without Cause), above.