Example ContractsClausesEffect of Termination of Employment
Effect of Termination of Employment
Effect of Termination of Employment contract clause examples

The Term of Employment may be terminated by the Company at any time:

The Term of Employment may be terminated by the Company at any time:

If, prior to the vesting or forfeiture of the RSUs, the Employee’s employment terminates due to his or her death or ​, # all unvested Time-Based RSUs will immediately vest and pay out in shares of Common Stock and # all unvested Performance-Based RSUs will immediately vest and settle in shares of Common Stock either # on the PB Vesting Date, with the number of shares earned based on actual performance, if the Performance Period ends on or before the date of Employee’s termination under this Section 1.6(a) or (B) immediately, assuming target performance, if the Performance Period has not yet ended.

If the Grantee ceases to be employed by, or provide service to, the Company or any Subsidiary, for any reason other than in the event of a Change in Control, as set forth in Section 5(b) below, the Award shall immediately cease to vest, and the unvested portion shall be forfeited as of the date of termination of employment or service.

Except as otherwise provided in [Sections 3(b) and 3(c)], upon a Termination of Employment of Grantee, all of the rights and interests of Grantee in any of the Award Shares which have not vested in Grantee pursuant to Section 2 prior to such Termination of Employment of Grantee automatically will completely and forever terminate; and, at the direction of the Company, the Transfer Agent will remove from the Restricted Stock Account and cancel all of those unvested Award Shares.

Effect of Termination of Employment. For purposes of this Agreement, no payment will be made to Executive upon termination of Executive’s employment unless such termination constitutes a “separation from service” within the meaning of Section 409A of the Code, and [Section 1.409A-1(h)])] of the regulations promulgated thereunder.

Effect of Termination of Employment. Subject to Section 3(c) and Section 3(d), in the event of # a Participant’s Qualifying Termination or # the Company’s termination of a Participant’s Employment without Cause in anticipation of a Change in Control transaction that the Board is actively considering and that is ultimately consummated within six-months of the Participant’s Termination Date, then the Company shall provide Participant the payments and benefits set forth below (the “Severance Benefits”). For the avoidance of doubt, a Participant shall not be entitled to benefits under this Plan if such Participant’s Employment terminates for any reason other than as set forth herein (including due to death, disability, for Cause or resignation without Good Reason) or at any time other than as specifically set forth in the Qualifying Termination definition or this Section 3(a).

Effect of Termination of Employment. Notwithstanding any provisions to the contrary below in the remainder of this Section 7, in the event of any inconsistency between this Section 7 and any written Individual Agreement you may have, the terms of such an Individual Executive (2018):

The Term of Employment may be terminated by the Company at any time:

The Term of Employment may be terminated by the Company at any time:

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