Common use of Rights Upon Termination of Employment Clause in Contracts

Rights Upon Termination of Employment. Pursuant to the Act, the treatment of the Participant’s Award rights upon termination of his or her employment with the Company, its Subsidiaries or a Designated Associate Company will be determined under Sections 4 and 5 of the Act unless the terms contained in the Award Documents are more favorable to the Participant than Sections 4 and 5 of the Act. If the terms contained in the Award Documents are more favorable to the Participant, then such terms will govern the treatment of the Participant’s Award rights upon a termination of employment.

Appears in 9 contracts

Samples: Performance Based Restricted Share Unit Award Agreement, Share Option Award Agreement, Option Award Agreement

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