Examples of Transitional Services Period in a sentence
If a Change of Control occurs during the Employment Period (or, if applicable, the Transitional Services Period), all outstanding stock options, restricted stock and other equity compensation granted to Executive (whether before, on or after the Agreement Date) shall become fully vested and exercisable.
If a Change of Control occurs during the Employment Period (or, if applicable, the Transitional Services Period), all outstanding stock options, restricted stock and other equity compensation granted to Executive (whether before, on or after the Agreement Date) shall become fully vested and exercisable, except, as otherwise provided for in any such plan or grant document.
Administrative and customer services currently provided by L-3’s Voluntary Plans administrator – Xxxxx@Work Solutions will also continue through the Transitional Services Period.
The Company may not terminate the Transitional Services Period prior to its expiration upon October 1, 1999.
The Executive may terminate the Transitional Services Period prior to October 1, 1999, upon at least five days prior written notice to the Company, and, in any case, the Transitional Services Period and the Executive's employment shall terminate upon the Executive's death or any permanent disability which prevents the Executive, with or without reasonable accommodation, from performing his/her duties hereunder.
As the total compensation for services to be rendered during January 1999 and each succeeding month occurring during the Transitional Services Period, the Executive shall receive a monthly salary of Three Thousand Dollars ($3,000.00), which shall be paid within 15 days following each such month.
Unless otherwise directed by the Company, during the Transitional Services Period you will be available to provide the Company assistance in transitioning your work however, will not be required to come to the office or travel on behalf of the Company.
If Executive’s employment with the Company and its Subsidiaries is terminated by the Company without Cause, including termination due to Executive’s Disability, during the Transitional Services Period, then any unvested Restricted Stock Units shall continue to become vested and payable in accordance with the schedule set forth in Section 4(a) above, provided that Executive complies with the post-employment covenants set forth in the Employment Agreement.
Notwithstanding anything to the contrary contained in this Section 2.7, Seller shall retain for the Transitional Services Period all assets solely to the extent necessary to provide the Transitional Services.
If a Change of Control occurs during the Employment Period (or, if applicable, the Transitional Services Period), all outstanding stock options, restricted stock and other equity compensation granted to Executive (whether before, on or after the Agreement Date) shall become fully vested and exercisable, except, as otherwise provided for in any such plan or award agreement.