Common use of Termination of Employment Without Cause Clause in Contracts

Termination of Employment Without Cause. If the Participant’s employment is terminated at the instance of the Company or relevant subsidiary without Cause (as defined below) on or prior to the end of the first year of the Award Period, the Performance Share Unit Award will be forfeited. If such termination occurs after the end of the first year of the Award Period, the Performance Share Unit Award will continue through the Award Period and the Participant will be paid a pro rata amount for the number of full months employed during the Award Period (determined under the proration methodology in paragraph 4(a)) based on actual Plan Achievement. Payment will occur at the same time the awards are paid to active employees.

Termination of Employment Without Cause. If In the event the Participant’s 's employment is terminated at the instance of the Company or relevant subsidiary without Cause (as defined below) on or prior to the end of the first year of the Award Period, the Performance Share Unit Award will shall be forfeited. If In the event of such termination occurs after the end of the first year of the Award Period, the Performance Share Unit Award will shall continue through the Award Period and the Participant will shall be paid a pro rata amount for the number of full months employed during the Award Period (determined under the with such proration methodology set forth in paragraph 4(a)) based on actual Plan Achievement. Payment will occur , at the same time the as such awards are paid to active employees.