Qualifying Termination of Employment definition

Qualifying Termination of Employment means either (i) an involuntary termination of employment by the Company or an Affiliate other than for Cause or Disability during the Protected Period; or (ii) a voluntary resignation by the Participant for Good Reason during the Protected Period.
Qualifying Termination of Employment means a termination of the Employee's employment under any of the following circumstances:
Qualifying Termination of Employment means a Participant’s Termination of Employment (i) by the Company without Cause or (ii) by the Participant with or without Good Reason or by reason of Retirement.

Examples of Qualifying Termination of Employment in a sentence

  • If a Participant dies after incurring a Qualifying Termination of Employment, but before the dates set forth in Section A.2, with respect to any portion of the Restricted Stock subject to the Restrictions, the Restrictions shall immediately lapse and be of no further force or effect as of the date of the Participant’s death.

  • Upon a Participant’s Qualifying Termination of Employment, subject to the Participant’s execution of a Release, the Participant will remain eligible for the PRSUs, which award will vest and become payable under Sections C.3 and C.4 in the same manner and to the same extent as if the Participant’s employment had continued.

  • Upon a Participant’s Qualifying Termination of Employment (as such term is defined below), subject to the Participant’s execution of a Release, with respect to any portion of the Restricted Stock subject to the Restrictions, the Restrictions shall lapse and be of no further force or effect as of the dates set forth in Section A.2 in the same manner and to the same extent as if the Participant’s employment had continued.

  • Upon a Participant’s Qualifying Termination of Employment, subject to the Participant’s execution of a Release, the Participant will remain eligible for the Performance Award, which award will vest and become payable under Sections B.2 and B.3 in the same manner and to the same extent as if the Participant’s employment had continued.


More Definitions of Qualifying Termination of Employment

Qualifying Termination of Employment means a termination of the Executive’s employment with the Company due to his death, a Termination due to Disability (as defined in Section 8(b) of the Agreement) a Termination due to Retirement (as defined in Section 8(d) of the Agreement), a Termination Without Cause (as defined in Section 8(c) of the Agreement) or a Termination for Good Reason (as defined in Section 8(d) of the Agreement).
Qualifying Termination of Employment means the termination of the Grantee’s employment within the two-year period immediately following a Change in Control (x) by the Company or any of its affiliates without Cause or (y) by the Grantee for Good Reason. Upon a Qualifying Termination of Employment, payment will be made as soon as reasonably practicable following the date of the Qualifying Termination of Employment, less any Shares or amounts deducted for applicable withholding taxes.
Qualifying Termination of Employment means a termination of a Participant’s employment with the Company or any of its Subsidiaries by reason of the Participant’s death, Disability, early retirement with the consent of the Committee or Normal Retirement.
Qualifying Termination of Employment means a termination of a Participant’s Service with an Employer by reason of the Participant’s death, Disability or Retirement.
Qualifying Termination of Employment means a termination of Executive’s employment by the Company for reasons other than the following: (a) a termination of employment for Cause; (b) Executive’s resignation for any reason other than due to a Constructive Termination of Employment; (c) the cessation of Executive’s employment with the Company due to death or Disability; or (d) the cessation of Executive’s employment with the Company as the result of the sale, spin-off or other divestiture of a division, business unit or subsidiary or a merger or other business combination, which does not constitute a Change in Control, if either (i) Executive becomes employed with the purchaser or successor in interest to Executive’s employer with regard to such division, business unit or subsidiary, or (ii) Executive is offered employment by such purchaser or successor in interest on terms and conditions comparable in the aggregate (as determined by the Committee in its sole discretion) to the terms and conditions of Executive’s employment with the Company immediately prior to such transaction.
Qualifying Termination of Employment means a Participant’s employment is terminated by the Company without Cause or, for a Participant who has a valid Change of Control Retention Agreement with the Company or other written agreement setting forth severance rights in connection with a resignation for “Good Reason,” by such Participant for Good Reason (which shall be defined as set forth in such Change of Control Retention Agreement or such other written agreement). For a Participant who has a valid Change in Control Retention Agreement with the Company or other written agreement setting forth severance rights in connection with a termination by the Company without “Cause,” “Cause” shall have the meaning set forth in such agreement; for all other Participants, “Cause” means (i) willful and continued failure to perform the duties and responsibilities of Participant’s position that is not corrected within a thirty (30) day correction period following written notice of such failure; (ii) any act of personal dishonesty, either with respect to the Company or that results in significant negative publicity with respect to the Company; (iii) conviction of, or plea of nolo contendere to, a felony; or (iv) material breach of Participant’s Confidential Information Agreement or the Company’s Code of Conduct and Business Ethics, which breach is not cured within a thirty (30) day correction period following written notice of such failure.