Example ContractsClausesemployment terminationVariants
Remove:

Termination of Employment. Unless otherwise determined by the Committee at or after grant, in the event the Grantee ceases to be an employee or otherwise associated with the Company for any other reason, all shares of Restricted Stock theretofore awarded to him which are still subject to restrictions shall be forfeited and the Company shall have the right to complete the blank stock power. The Committee may provide (on or after grant) that restrictions or forfeiture conditions relating to shares of Restricted Stock will be waived in whole or in part in the event of termination resulting from specified causes, and the Committee may in other cases waive in whole or in part restrictions or forfeiture conditions relating to Restricted Stock.

Termination of Employment.Employment or Consulting Agreement. Unless otherwise determined by the Committee at or after grant, in the event the Grantee ceases to bebe, as applicable, an employeeemployee, a consultant or otherwise associated with the Company for any other reason, all shares of RestrictedPreferred Stock theretofore awarded to him which are still subject to restrictions shall be forfeited and the Company shall have the right to complete the blank stock power. The Committee may provide (on or after grant) that restrictions or forfeiture conditions relating to shares of RestrictedPreferred Stock will be waived in whole or in part in the event of termination resulting from specified causes, and the Committee may in other cases waive in whole or in part restrictions or forfeiture conditions relating to RestrictedPreferred Stock.

Termination of Employment. Unless otherwise determined byEmployment or Service. Except as provided above, upon the Committee attermination of employment of Grantee or after grant, in the event the Grantee ceases to be an employee or otherwise associatedother service with the Company or a Subsidiary, for any other reason, all shares of Restricted Stock theretofore awarded to him which are still subject to restrictions shall be forfeited and the Company shall have the right to complete the blank stock power. The Committee may provide (on or after grant) that restrictions or forfeiture conditions relating to shares of Restricted Stock will be waived in whole or in part in the event of termination resulting from specified causes, and the Committee may in other cases waive in whole or in part restrictions or forfeiture conditions relating to Restricted Stock.immediately.

Termination of Employment.Employment for Other Reasons. Unless otherwise determinedprovided by the Committee at or after grant,Committee, in the event of the Grantee ceases to be an employee or otherwise associated with the CompanyParticipant's Termination of Employment for any reason other reason,than due to Death, Disability, or Surplus Termination of Employment, all sharesShares of Restricted Stock theretofore awarded to himheld by the Participant which are still subject to restrictionsnot vested as of the effective date of Termination of Employment immediately shall be forfeited and returned to the Company shall have the right to complete the blank stock power. The Committee may provide (on or after grant) that restrictions or forfeiture conditions relating to shares of Restricted Stock will be waived in whole or in part in the event of termination resulting from specified causes, and the Committee may in other cases waive in whole or in part restrictions or forfeiture conditions relating to Restricted Stock.Company.

Termination of Employment. Unless otherwise determined by the Committee at or after grant, inIn the event the Grantee ceases to be an employeeof termination of employment (or termination of service as a Director) as a result of death, Disability or otherwise associated with the Company for any other reason,Retirement of a Grantee, all sharesrestrictions upon Shares of Restricted Stock theretofore awarded to him which are still subject to restrictionssuch Grantee shall be forfeited andthereupon immediately lapse, provided, however, that the CompanyCommittee or Board shall have the rightauthority to completegrant Awards the blank stock power. The Committee may provide (on or after grant) that restrictions or forfeiture conditions relating to shares of Restricted Stock will be waived in whole or in parton which do not lapse in the event of the termination resulting from specified causes,of employment or service as a result of the death, Disability or Retirement of a Grantee by including such provision in the Agreement evidencing such Award. The Committee or Board may also decide at any time in its absolute discretion and on such terms and conditions as it deems appropriate, to remove or modify the restrictions upon Shares of Restricted Stock awarded hereunder, unless the Committee may in other cases waive in whole or in part restrictions or forfeiture conditions relating to Restricted Stock.the Board sets a later date for the lapse of such restrictions.

Termination of Employment. Unless otherwise determined by the Committee at or after grant, inCompany for Cause. If the event the Grantee ceases to be an employee or otherwise associatedGrantee's employment with the Company is involuntarily terminated for any other reason,Cause, then all shares of Restricted Stock theretofore awardedUnits that have not vested prior to him which are still subject to restrictions shallthe date of termination of Grantee's employment will be forfeited and the CompanyGrantee shall have the rightno further rights with respect to complete the blank stock power. The Committee may provide (on or after grant) that restrictions or forfeiture conditions relating to shares ofsuch Restricted Stock will be waived in whole or in part in the event of termination resulting from specified causes, and the Committee may in other cases waive in whole or in part restrictions or forfeiture conditions relating to Restricted Stock.Units.

Termination of Employment. Unless otherwise determined by the Committee at or after grant, in the event the Grantee ceases toand shall not be an employeepledged or otherwise associated withhypothecated. Upon the Company for any other reason,termination of employment of the Grantee, all shares of such Restricted Stock theretofore awardedUnits with respect to him which are still subject to restrictions have not lapsed shall be forfeited andat no cost to the Company shall have the right to complete the blank stock power.if no purchase price had been paid for such Restricted Stock Units. The Committee may provide (on or after grant) thatalso impose such other restrictions or forfeitureand conditions relating to shares ofon the Restricted Stock will be waived in whole or in part in the event of termination resulting from specified causes, and the Committee may in other cases waive in whole or in part restrictions or forfeiture conditions relating to Restricted Stock.Units as it deems appropriate.

Select clause to view document information.

Draft better contracts
faster with AllDrafts

AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.

And AllDrafts generates clean Word and PDF files from any draft.