Example ContractsClausesCessation of Service
Cessation of Service
Cessation of Service contract clause examples

Cessation of Service. For purposes of this Award Agreement, the Participant’s date of cessation of Service shall mean the date upon which the Participant ceases active performance of services for the Company, a Subsidiary or Affiliate, as determined by the Company, including following the provision of a notification of termination or resignation from Service and shall be determined solely by this

Cessation of Service. The option term specified in Paragraph 2 shall terminate (and this option shall cease to be outstanding) prior to the Expiration Date should any of the following provisions become applicable:

Cessation of Service. Except as otherwise provided in Paragraph 5 below, should Participant cease Service for any reason prior to vesting in one or more Shares subject to this Award, then the Award will be immediately cancelled with respect to those unvested Shares. Participant shall thereupon cease to have any right or entitlement to receive any Shares under those cancelled units.

Cessation. Any information which is Confidential Technology at the date of disclosure thereof to Licensee shall cease to be Technology, and Licensee, its Subsidiaries, and its sublicensees shall be released from the provisions of Section 5.1 as to such information on the date when, through no act or omission on the part of Licensee, its Subsidiaries, or its sublicensees, such information becomes # publicly known by way of a single publication in which such Confidential Technology is disclosed in reasonable detail, # so widely known and used in combination that it can be said to be generally available to the public or # is subsequently rightfully obtained without restriction on use or disclosure from sources other than [[Organization A:Organization]] having no confidential obligation in favor of [[Organization A:Organization]].

Should Optionee cease to be a Service Provider for any reason (other than death, Permanent Disability or Misconduct) while this option is outstanding, then this option shall remain exercisable until the earlier of # the expiration of the three month period commencing with the date of such cessation of Service Provider status or # the Expiration Date.

Cessation of Business. If Licensee shall have commenced to carry on the business of selling any Licensed Products (either directly or through any Subsidiary or sublicensee) and shall at any time thereafter cease for a consecutive period of ninety (90) days to carry on such business actively (either directly or through any Subsidiary or sublicensee), other than as a result of fire or other casualty or governmental action taken in the absence of Licensee's fault, [[Organization A:Organization]] may at any time thereafter while that state of affairs continues, terminate the License by written notice to Licensee.

Cessation of Benefits. Except as expressly provided otherwise in this Agreement, all of your [[Parent:Organization]] employee benefits shall cease upon your Separation Date, with the exception of approved disability benefits, which may continue, consistent with the terms of [[Parent:Organization]]’s disability benefit plan(s). You will be eligible to elect continued health insurance coverage under COBRA if you have chosen benefits under [[Parent:Organization]]’s plans.

Cessation of Deferrals. If a Participant receives payment on account of an Unforeseeable Emergency, the Participant's Deferral Elections shall be cancelled for the remainder of the Plan Year.

Cessation of Business. There shall occur a cessation of a substantial part of the business of any Loan Party which would reasonably be expected to have a Material Adverse Effect.

. Any Loan Party or Subsidiary of a Loan Party ceases to conduct its business as contemplated, except as expressly permitted under [Section 8.2.6] [Liquidations, Mergers, Etc.] or 8.2.7 [Dispositions of Assets or Subsidiaries], or any Loan Party or Subsidiary of a Loan Party is enjoined, restrained or in any way prevented by court order from conducting all or any material part of its business and such injunction, restraint or other preventive order is not dismissed within thirty (30) days after the entry thereof;

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