Common use of Severance Agreement Clause in Contracts

Severance Agreement. If your employment terminates prior to the Scheduled Vesting Date at a time when you are party to a severance agreement with the Company, and if such termination of employment constitutes a “Non-Change in Control Termination” as defined in the severance agreement, then you will be entitled to have vest on the Scheduled Vesting Date a pro rata portion of the Units that would otherwise have been determined to vest on the Scheduled Vesting Date in accordance with Exhibit A if you had remained continuously employed until the Scheduled Vesting Date. The pro rata portion shall be determined in the same manner as provided in Section 4(c) (Death, Disability, or Retirement).

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement (Polaris Inc.), Restricted Stock Unit Award Agreement (Polaris Inc.)

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Severance Agreement. If your employment terminates prior to the Scheduled Vesting Date at a time when you are party to a severance agreement with the Company, and if such termination of employment constitutes a “Non-Change in Control Termination” as defined in the severance agreement, then you will be entitled to have vest on the Scheduled Vesting Date a pro rata portion of the Units that would otherwise have been determined to vest on the Scheduled Vesting Date in accordance with Exhibit A if you had remained continuously employed until the Scheduled Vesting Date. The pro rata portion shall be determined in the same manner as provided in Section 4(c) (Death, Disability, or Retirement).

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement (Polaris Inc.), Restricted Stock Unit Award Agreement (Polaris Inc.)

Severance Agreement. If your employment terminates prior to the Scheduled Vesting Date at a time when you are party to a severance agreement with the Company, and if such termination of employment constitutes a “Non-Change in Control Termination” as defined in the severance agreement, then you will be entitled to have vest on the Scheduled Vesting Date a pro rata portion of the Units that would otherwise have been determined to vest on the Scheduled Vesting Date in accordance with Exhibit A if you had remained continuously employed until the Scheduled Vesting Date. The pro rata portion shall be determined in the same manner as provided in Section 4(c) (Death, Disability, or Retirement4(b).

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement (Polaris Industries Inc/Mn), Restricted Stock Unit Award Agreement (Polaris Industries Inc/Mn)

Severance Agreement. If your employment terminates prior to the Scheduled Vesting Date at a time when you are party to a severance agreement with the Company, and if such termination of employment constitutes a “Non-Change in of Control Termination” as defined in the severance agreement, then you will be entitled to have vest on the Scheduled Vesting Date a pro rata portion of the Units that would otherwise have been determined to vest on the Scheduled Vesting Date in accordance with Exhibit A if you had remained continuously employed until the Scheduled Vesting Date. The pro rata portion shall be determined in the same manner as provided in Section 4(c) (Death, Disability, or Retirement).

Appears in 2 contracts

Samples: Units Award Agreement (Polaris Inc.), Units Award Agreement (Polaris Inc.)

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Severance Agreement. If your employment terminates prior to the Scheduled Vesting Date last day of the Performance Period at a time when you are party to a severance agreement with the Company, and if such termination of employment constitutes a “Non-Change in of Control Termination” as defined in the severance agreement, then you will be entitled to have vest on the Scheduled Vesting Date a pro rata portion of the Units that would otherwise have been determined to vest on the Scheduled Vesting Date in accordance with Exhibit A if you had remained continuously employed until through the Scheduled Vesting Datelast day of the Performance Period. The pro rata portion shall be determined in the same manner as provided in Section 4(c) (Death, Disability, or Retirement).

Appears in 1 contract

Samples: Units Award Agreement (Polaris Inc.)

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