Rights on Termination of Employment. Upon the Employee's termination of employment with the Company (and with any Parent or Subsidiary corporation of the Company as defined in Section 3.2 above), the Employee's right to exercise this Option shall be limited in the manner set forth in this Section 6 (and this Option shall terminate in the event not so exercised), and shall also be subject to the limitation provided in Section 3.3.
Rights on Termination of Employment a. Executive shall have the rights and benefits described below (hereinafter "Termination Benefits"), in the event Executive's employment is terminated as follows:
Rights on Termination of Employment. (a) If your employment is terminated (x) by any entity that is a member of the Company Group without Cause (as defined below) (other than due to death or disability) or (y) by you for Good Reason (as defined below), in each case, subject to (A) your execution, delivery and non-revocation of a general release of claims against the Company and its affiliates in a form reasonably acceptable to the Company (the “Release”) within forty-five (45) days following the termination date and (B) your compliance with the restrictive covenants set forth in that certain Confidentiality and Restrictive Covenant Agreement, dated January 17, 2008, by and between the Company and you (the “Restrictive Covenant Agreement”) (clauses (A) and (B), collectively, the “Conditions”), you shall be entitled to receive an aggregate amount (such aggregate amount, the “Severance Payment”) equal to two (2) times your base salary as in effect on the termination date, which amount shall be payable by the Company in equal monthly installments over a twenty-four (24) month period commencing on the Payment Commencement Date (as defined below) (assuming you have not revoked the Release prior to such date). The Company will commence paying the Severance Payment on the 60th day following your termination of employment (such date, the “Payment Commencement Date”) (with payments in arrears from the termination date).
Rights on Termination of Employment. An employee whose employment is terminated previous to July 1, but after performing work in at least one half (1/2) of the pay periods in the twelve months preceding July 1, shall be entitled to vacation pay prorated on the basis of actual full months of service for the twelve (12) months preceding July 1st. The Employer shall compensate the employee her/his prorated vacation pay in her/his last pay after termination of employment.
Rights on Termination of Employment. In no circumstances shall any person who has ceased to be an employee of the Company or any Subsidiary by reason of dismissal or otherwise howsoever or who is under notice of termination of his employment be entitled to claim as against any Participating Company or Subsidiary or the Trustees any compensation for or in respect of any consequential loss he may suffer by reason of the operation of the terms of the Plan or of the provisions of the Act, including in respect of any liability to Income Tax or National Insurance Contributions.
Rights on Termination of Employment. 4.5-1. In the event of the termination of a participant's employment prior to retirement, the participant is entitled to a return of his/her own contributions, if any, held in the trust fund created by the Trust Plan with interest compounded annually. The interest rate applied shall be equal to the interest annually determined pursuant to the Omnibus Budget Reconciliation Act of 1989 and/or any successor statute.
Rights on Termination of Employment. If your employment with KCI is terminated by KCI without Cause prior to the Bonus Payment Date, you shall be paid the Stay Bonus and, if earned, the Success Bonus, on the Bonus Payment Date. Any payment made pursuant to this Agreement will be in addition to rather than in lieu of any payment you are entitled to receive under another severance, retention or any similar plan or agreement of or with KCI. If your employment with KCI is terminated for Cause prior to the Bonus Payment Date, you shall forfeit the right to receive any payment pursuant to this Agreement.
Rights on Termination of Employment. The Option shall be forfeited and returned to CREELP in the event Alberts ceases to be an employee of all of CREELP, the General Partnxx xxx Crescent, to the extent that it is not exercisable and vested at that time. To the extent that it is exercisable and vested at that time, it shall remain exercisable during the remaining initial term of the Option. If Alberts dies while serving as an employee of either CREELP, the Genexxx Xxxtner or Crescent, the Option may be exercised, to the extent that it remains unexercised on the date of death, by his personal representative or by the distributees to whom Alberts' rights under the Option shall pass by will or by the laws ox xxxxxnt and distribution.
Rights on Termination of Employment. If a Participant’s employment terminates for any reason before the Exercise Date for any Offering, no payroll deduction will be taken from any pay due and owing to the Participant and the balance in the Participant’s account will be paid to such Participant or, in the case of such Participant’s death, to his or her designated beneficiary as if such Participant had withdrawn from the Plan under Section 7. An employee will be deemed to have terminated employment, for this purpose, if the corporation that employs him or her, having been a Designated Subsidiary, ceases to be a Subsidiary, or if the employee is transferred to any corporation other than the Company or a Designated Subsidiary. An employee will not be deemed to have terminated employment for this purpose if the employee is on an approved leave of absence for military service or sickness or for any other purpose approved by the Company, if the employee’s right to reemployment is guaranteed either by a statute or by contract or under the policy pursuant to which the leave of absence was granted or if the Administrator otherwise provides in writing.
Rights on Termination of Employment. (a) If Executive’s employment with the Company Group is terminated (x) by the Company Group without Cause (as defined below) (other than due to death or disability) or (y) by Executive for Good Reason (as defined below), in each case, subject to (A) Executive’s execution, delivery and non-revocation of a general waiver and release of claims against the Company and its affiliates in a form reasonably acceptable to the Company (the “Release”) within forty-five (45) days following the termination date of Executive’s employment and (B) Executive’s compliance with the restrictive covenants set forth in Schedule A hereto (which is incorporated herein and made a part hereof by reference), any applicable Company Employee Proprietary Information, Inventions, Confidentiality, Non-Solicitation and Non-Competition Agreement, and any other similar covenants that may apply to the Executive under any agreement, policy or other Company Group document (collectively, the “Covenants”), provided that, in all cases where more than one Covenant covers similar subject matter, the Covenant providing greater benefits to the Company shall always apply (clauses (A) and (B), collectively, the “Conditions”), Executive shall be entitled to receive:
