Involuntary Termination of Employment without Cause Sample Clauses

Involuntary Termination of Employment without Cause. If, at least one year after the Grant Date, Participant ceases to be an employee of Company on account of an involuntary Termination of Employment without Cause that is not a Qualifying CIC Separation, and no Comparable Position is offered, Participant shall be entitled to pro-rata vesting of the Earned Percentage of PSUs that are determined pursuant to Section 1.4 after the end of the Performance Period.
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Involuntary Termination of Employment without Cause. Subject to Section 3(g), in the event of a Participant’s involuntary Termination of Employment without Cause prior to the applicable Vesting Date, such Participant shall:
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Involuntary Termination of Employment without Cause. Upon an involuntary termination of employment without Cause by the Company, Employee shall be entitled to exercise all of the options then outstanding and exercisable under the Award immediately prior to termination of employment for a period of 90 days following the Employee’s termination of employment; provided, however, in no event will the Award be exercisable beyond the original term of the Award.
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Involuntary Termination of Employment without Cause. If, at least one year after the Grant Date, Participant ceases to be an employee of the Company on account of an involuntary Termination of Employment without Cause that is not a Qualifying CIC Separation, and no Comparable Position is offered, 100% of all outstanding Units granted under this Award Agreement shall immediately vest upon Participant’s Last Day of Employment.
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Involuntary Termination of Employment without Cause. In the event that Participant’s employment with the Company and any subsidiary of the Company terminates and Participant receives severance pay pursuant to a written agreement with the Company, Participant’s Company Matching RSUs and the Company Matching Option to the extent not vested at the time of the Participant’s employment termination date but scheduled to vest during the severance period specified in the agreement providing for severance pay shall continue to vest and settle in accordance with the schedule set forth in Section I(D) and Section II(C)(i), respectively, of this Agreement. Participant will be responsible for any applicable withholding taxes that may become due as of Participant’s employment termination date. All Company Matching RSUs and the Company Matching Option to the extent not scheduled to vest during the specified severance period shall be forfeited as of the Participant’s employment termination date. To the extent vested, the Company Matching Option shall be exercisable on or before the ninetieth (90th) day following the last day of the severance period, as long as no government regulations or rules are violated by such continued vesting or exercise period; provided, however, that the Company Matching Option shall not be exercisable beyond its original term.
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Involuntary Termination of Employment without Cause. In the event the Company and its Subsidiaries initiate your termination of employment without Cause within the seventy-five (75) day period ending on the Vesting Date, you will vest in your Eligible Award on the Vesting Date despite your termination of employment.
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Involuntary Termination of Employment without Cause. Subject to Section 4(e), in the event of the Executive’s involuntary Termination of Employment without Cause prior to satisfying the vesting requirements of Section 3, a pro rata portion of the Award, determined as set forth below, is immediately vested and shall be paid as soon as administratively practicable following the date of such Termination of Employment, but in no event later than 90 days thereafter. The pro rata portion of the Award shall be an amount equal to the following:
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Involuntary Termination of Employment without Cause. Subject to Executive’s compliance with his continuing obligations under Sections 6, 7, 8, 10, and 11 below and subject to Section 19 below, and other than in circumstances set forth in Section 4(b) or Section 4(f), in the event that the Company terminates the Term of Employment and Executive’s employment prior to the Scheduled Expiration Date:
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Involuntary Termination of Employment without Cause. If CBI terminates the Executive's employment with CBI and all affiliates without Cause, (i) CBI shall provide to the Executive the Severance Compensation for 12 months and the Bonus Runoff; (ii) the Restrictive Covenants shall be binding on the Executive during the 12-month period; and (iii) the Executive shall be 100% vested in all stock options under the CBI Stock Option Plan and in the Deferred Retention Plan benefits described above. If such termination occurs within four years after the effective date of this Agreement, then CBI shall have the option of extending the period during which Severance Compensation will be paid, and the corresponding period during which the Restrictive Covenants will apply, for any period CBI selects, but not later than the fifth anniversary of the effective date of this Agreement. CBI shall communicate the selected period to the Executive in writing within 5 business days following the date of the Executive's termination of employment. If CBI fails to give notice during the 5-day period, then CBI's option to extend the Severance Compensation and Restrictive Covenant period shall lapse, and such periods shall be limited to the stated 12 months.
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Related to Involuntary Termination of Employment without Cause

  • Termination of Employment Without Cause At any time during the Term of Employment under this Agreement, either Arrow or the Bank may effect, pursuant to this Paragraph 7(b), and in accordance with the requirements set forth in Paragraph 11(gg) below, a Termination of Employment of Executive without Cause, provided, however, that any attempt to do so under circumstances that would also qualify such Termination of Employment as a Termination of Employment of Executive without Cause under Paragraph 6(a) of this Agreement, that is, as a Termination of Employment of Executive without Cause following a Change in Control that meets the conditions set forth in Paragraph 6(a), will be deemed a Termination of Employment of Executive without Cause under Paragraph 6(a), and not a Termination of Employment of Executive without Cause under this Paragraph 7(b). In the event of a Termination of Employment of Executive without Cause under this Paragraph 7(b), on the effective date of such Termination of Employment, and subject to the satisfaction of the conditions specified below in Section 8, Arrow or the Bank shall pay to the Executive, and the Executive shall be entitled to receive, one (1) lump sum payment in a dollar amount equal to the greater of (i) the total amount of Base Salary payments which would have been payable to the Executive during the period extending from such effective date until the normal expiration date of Employment under this Agreement as in effect at such time, had there been no early Termination of Employment of Executive without Cause (and assuming the Executive otherwise would have remained employed throughout such period and that his Base Salary would have remained unchanged throughout such period), or (ii) an amount equal to one hundred percent (100%) of the current Base Salary of the Executive on the effective date of such Termination of Employment.

  • Termination of Employment for Cause If Optionee’s employment with the Bancorp or a subsidiary corporation is terminated for cause, this option shall expire thirty (30) days from the date of such termination. Termination for cause shall include, but not be limited to, termination for malfeasance or gross misfeasance in the performance of duties or conviction of a crime involving moral turpitude, and, in any event, the determination of the Board of Directors with respect thereto shall be final and conclusive.

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