Continuous Service Required. Except as otherwise provided in this Section 2, this option may not be exercised unless ninety (90) days prior to exercising this option, the Optionee was and has been at all times since that date of grant of this option, maintaining a Business Relationship with the Company.
Continuous Service Required. The Exercise/Vesting Schedule requires Continuous Service through each applicable vesting date as a condition to the vesting of the applicable installment and rights and benefits under this Agreement. Partial Continuous Service, even if substantial, during any vesting period will not entitle the Optionee to any proportionate vesting or avoid or mitigate a termination of rights and benefits upon or following a termination of Continuous Service.
Continuous Service Required. Except as may otherwise be provided in the Participant’s employment or other services agreement with the Company, the Participant shall forfeit the unvested Restricted Stock Units upon a termination of Service occurring for any reason prior to the vesting of the Restricted Stock Units as described in Section 1.(b) (including for or without Cause or due to the Participant’s voluntary resignation for any reason), other than due to the Participant’s (i) death or Disability or (ii) Qualifying Termination (as defined below).
Continuous Service Required. Except as may otherwise be provided in the Participant’s employment or other services agreement with the Company or any of its Affiliates and which is in effect on the Grant Date, the Participant shall forfeit the unvested Restricted Stock Units upon a termination of Service occurring for any reason prior to the vesting of the Restricted Stock Units as described in Section 1(b) (including for or without Cause or due to the Participant’s voluntary resignation) other than due to the Participant’s (i) termination due to death or Disability, (ii) Retirement, or (iii) Qualifying Termination (as defined below). For purposes of this Agreement, the terms “Cause”, “Disability”, and “Severance Termination Event” shall have the meanings set forth in that that certain Employment Agreement by and between the Participant and the Company, dated December 13, 2022 (the “Employment Agreement”).
Continuous Service Required. Except as otherwise provided in this Section 2, the Option may not be exercised unless the Director, at the time he or she exercises the Option, is, and has been at all times since the Date of Grant of the Option, a director of the Company.
Continuous Service Required. Longevity is based on years of continuous service with the City of Hillsboro. A resignation that may be required for a dispatcher to move to the position of police officer, or police officer to move to the position of dispatcher shall not be considered a break in service for the purpose of this section.
Continuous Service Required. Five (5) years but less than ten (10) years - $200.00; Ten (10) years but less than Fifteen (15) years - $300.00; Fifteen (15) years but less than Twenty (20) years – $350.00; Twenty (20) years or more - $400.00. Re: Regular Part-time Employees. Regular part-time employees shall receive longevity pro-rated based on the percentage of a full-time schedule the employee was regularly scheduled to work during the current eligibility year. In order to be eligible for longevity payment, an employee must be on the County‟s active employment payroll on their anniversary date on the applicable year and an employee must have the required continuous service as of their anniversary date in accordance with the schedule set forth above in this Section. The required continuous service of an employee for purposes of the longevity payment is defined and measured as an employee‟s continuous service as of their anniversary date of employment. The longevity payment is a lump sum annual payment to eligible employees and shall be paid to eligible employees within a reasonable period of time following their anniversary date.
Continuous Service Required. The franchisee agrees that in the event of equipment breakdown, strike, or other occurrence which would delay or prevent timely performance of its obligations, it shall immediately take action necessary, including, but not limited to, replacement of equipment and personnel in order to assure prompt restoration of regular services and in any case before the next regular collection date.
Continuous Service Required. The Participant shall forfeit (i) the unvested Restricted Stock Units upon a termination of Service occurring for any reason prior to the expiration of the Service Period (including for or without Cause or due to the Participant’s voluntary resignation), other than due to the Participant’s (y) termination due to death or Disability or (z) Qualifying Termination (as defined below) and (ii) in the case of a termination of Service following the expiration of the Service Period but prior to the expiration of the Performance Period, the unvested Restricted Stock Units to the extent the applicable Stock Price Hurdle is not achieved on or prior to such termination of Service.
Continuous Service Required. The restrictions placed on the RSUs, as described in Section 2 hereof, shall not lapse in accordance with any of the provisions of this Agreement unless the Grantee shall have been in continuous Service from the Grant Date until the date such lapse occurs.
