Qualifying Termination definition

Qualifying Termination means a termination of the Executive’s employment either (i) by a Company Group member without Cause (excluding by reason of Executive’s death or Disability) or (ii) by the Executive for Good Reason, in either case, during the Change in Control Period (a “Qualifying CIC Termination”) or outside of the Change in Control Period (a “Qualifying Non-CIC Termination”).
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Qualifying Termination means a Termination of Service by reason of (i) the Participant’s death, (ii) a termination by the Company, the Partnership or any Subsidiary due to the Participant’s Disability, (iii) a termination by the Company, the Partnership or any Subsidiary other than for Cause, or (iv) a termination by the Participant for Good Reason.
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Qualifying Termination means a termination of Executive's employment with the Company for any reason other than:
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Examples of Qualifying Termination in a sentence

  • In the event of a Qualifying Termination that follows a Potential Change in Control and precedes a Change in Control, any then-outstanding unvested Equity Awards shall cease vesting pursuant to their normal vesting schedule on the date of the Qualifying Termination but shall not lapse or be forfeited on such date.

  • For the avoidance of doubt, and notwithstanding anything to the contrary in Section 2 or Section 3 below, the Company’s non-renewal of this Agreement shall not constitute a Qualifying Termination or CIC Qualifying Termination, as applicable.

  • In the event (i) a Change in Control occurs during the 3-month period following Executive’s Qualifying Termination and (ii) Executive’s Qualifying Termination occurred after a Potential Change in Control, Executive shall receive such additional or extended payments and benefits, as applicable (the “True Up Payments and Benefits”) as required to provide the level of payments and benefits described in this Section 3.

  • The Company or its successor shall pay the Executive (i) [Tier 1: eighteen (18) months][Tier 2: twelve (12) months][Tier 3: eight (8)] of Executive’s monthly base salary at the rate in effect immediately prior to the actions that result in a CIC Qualifying Termination and (ii) an amount equal to [Tier 1: 150%][Tier 2: 100%][Tier 3: 66.67%] of Executive’s then-current target bonus opportunity for the year in which the CIC Qualifying Termination occurs at the rate in effect at the time of the Separation.

  • The Company shall pay the Executive (i) [Tier 1 and Tier 2: six (6) months] [Tier 3: four (4) months] of Executive’s monthly base salary at the rate in effect at the time of the Separation and (ii) an amount equal to [Tier 1 and Tier 2: 50%][Tier 3: 33.33%] of Executive’s then-current target bonus opportunity for the year in which the Qualifying Termination occurs at the rate in effect at the time of the Separation.


More Definitions of Qualifying Termination

Qualifying Termination means any of the events described in Section 3.2 herein, the occurrence of which triggers the payment of Severance Benefits hereunder.
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Qualifying Termination means the termination of your employment after a Change in Control of the Company while this Agreement is in effect, unless such termination is (a) by reason of your death or Disability, (b) by the Company for Cause, or (c) by you other than for Good Reason.
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Qualifying Termination means (i) Executive’s involuntary termination of employment without Cause or (ii) Executive’s voluntary termination for Good Reason.
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Qualifying Termination means a termination of Employee’s employment by the Company without Cause (excluding by reason of Employee’s death or Disability) outside of the Change in Control Period.
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Qualifying Termination. For all purposes under this Agreement, “Qualifying Termination” shall mean a Separation resulting from (i) the Company’s termination of the Executive’s employment for any reason other than Cause within twelve (12) months after a Change in Control or (ii) the Executive’s voluntary resignation of his or her employment for Good Reason between the date that is four (4) months following a Change in Control and the date that is twelve (12) months following a Change in Control, provided however, that the grounds for Good Reason may arise at any time within the twelve (12) months following the Change in Control.
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Qualifying Termination means the date on which the Executive’s employment is terminated by the Company without Cause as provided in Section 3(e), or the Executive terminates employment for Good Reason as provided in Section 3(f).
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Qualifying Termination means a termination of the Participant’s employment with the Company that occurs on or after January 1, 2008 (i) prior to a Change in Control, by the Company other than for Cause and (ii) after a Change in Control, by the Company other than for Cause or by the Participant for Good Reason. Termination of the Participant’s employment on account of death, Disability or Retirement shall not be treated as a Qualifying Termination. Notwithstanding the preceding sentence, the death of the Participant after notice of termination for Good Reason or without Cause has been validly provided shall be deemed to be a Qualifying Termination.
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