Qualifying Termination definition
Examples of Qualifying Termination in a sentence
Restrictions in the Event of [a Qualifying Termination][,] [Conflicted Employment] [or] Death.
Executive Severance Plan and if the Optionee's employment with the Company, any Subsidiary and/or any Affiliate is terminated due to a Qualifying Termination as such term is defined in the Globe Life Inc.
In the event of such Qualifying Termination, there shall be no acceleration of vesting, but the Option shall continue to vest in accordance with its regular schedule and may only be exercised to the extent it is or becomes exercisable prior to such Qualifying Termination.
In the event of your [Qualifying Termination][,] [Conflicted Employment] [or] death, [each] as described below, then Paragraph 9[(a)][(b)] will not apply and your Restricted Shares will be treated as described in this Paragraph 12, and, except as set forth in Paragraph 12[(a)][(b)], all other terms of this Award Agreement continue to apply, including the other forfeiture and repayment events in Paragraphs 9 and 10 [and the MRT Appendix].
If your Employment terminates when you meet the requirements of a Qualifying Termination, your Restricted Shares that are not yet Vested will become Vested and Transfer Restrictions will cease to apply.