Examples of Qualifying Termination in a sentence
All Other Terminations means any termination of your employment with Bank of America and its Subsidiaries, whether initiated by you or your employer, other than (i) a Qualifying Termination; (ii) a termination due to your death or your Disability; (iii) a termination by your employer with Cause; and (iv) a termination in connection with a Change in Control as described in paragraph (b)(iv) above.
Subject to Section 2, the accelerated vesting described above shall be effective as of the date of the CIC Qualifying Termination.
In addition, from time to time following your Qualifying Termination, Bank of America may require you to further certify that you are not engaging in Competition, and if you fail to fully cooperate with any such requirement Bank of America may determine that you are engaging in Competition.
Such payment shall be made in a lump sum cash payment in accordance with the Company’s standard payroll procedures, which payment will be made no later than the first regular payroll date occurring after the sixtieth (60th) day following the date of Executive’s CIC Qualifying Termination provided that the Release Conditions have been satisfied.
The Company will deliver the form of Release to Executive within thirty (30) days after the date of Executive’s CIC Qualifying Termination or such other time limit as is expressly provided in the Release documents, provided however that in all cases the Release must be executed and have become irrevocable within sixty (60) days following the date of Executive’s CIC Qualifying Termination.