If the reason for the Participant’s cessation of employment is a Good Leaver Event, then despite the Participant not being employed on the Award Payment Date or serving out a Notice Period on the Award Payment Date, the Participant may be considered for an Award, subject to the other terms and conditions of the Plan. In relation to the Eligibility Date requirement: # Participants whose employment terminates due to the redundancy Good Leaver Event must be employed on the Eligibility Date of the Plan Year to be considered for an Award for that Plan Year; # Participants whose employment terminates due to other Good Leaver Events may be considered for an Award despite not being employed on the Eligibility Date of the Plan Year.
If the reason for the Participant’s cessation of employment is a Good“Good Leaver Event,Event” (as defined in Section II, with the exception of Redundancy), then despite the Participant not being employed on the Award Payment DateSeptember 30th or serving out a Notice Period on the Award Payment Date, the Participant may be considered for an Award, subject to the other terms and conditions of the Plan. In relation to the Eligibility Date requirement: # Participants whose employment terminates due to the redundancy Good Leaver Event must be employed on the Eligibility Date of the Plan Yearorder to be considered for an Award for that Plan Year; # Participants whose employment terminates due toAward, other Good Leaver Events mayeligibility requirements as set forth in [Section IV] must be considered for an Award despite not being employed on the Eligibility Date of the Plan Year.met.
IfHowever, if the reason for the Participant’s cessation of employment is a Good“Good Leaver Event,Event” (see below, or applicable Country Appendix), then despite the Participant not being employed on the Award Payment DateDate, or serving out a Notice Period on the Award Payment Date,period of notice, the Participant may be considered for an Award, subject toAward which may be prorated in accordance with the other terms and conditionsnumber of calendar months the Plan. In relation to the Eligibility Date requirement: # Participants whose employment terminates due to the redundancy Good Leaver Event must be employed on the Eligibility Date ofParticipant worked during the Plan Year to be considered for an Award for that Plan Year; # Participants whose employment terminates due toYear, provided all other Good Leaver Events may be considered for an Award despite not being employed on the Eligibility Date of the Plan Year. eligibility criteria have been satisfied.
If the reason forExceptions may be made if the Participant’s cessationemployment terminated prior to the Award Payment Date because of employment is a Good“Good Leaver Event, thenEvent” as set forth in the Employment Changes section (or, where applicable, Country Appendix) or death, despite the Participant not being employed on the Award Payment Date or serving out a Notice Period on the Award Payment Date, theperiod of notice. The Participant may be considered for an Award, subject toAward which may be pro-rated in accordance with the other terms and conditionsnumber of calendar months the Plan. In relation to the Eligibility Date requirement: # Participants whose employment terminates due to the redundancy Good Leaver Event must be employed on the Eligibility Date ofParticipant worked during the Plan Year to be considered for an Award for that Plan Year; # Participants whose employment terminates due to other Good Leaver Events may be considered for an Award despite not being employed on the Eligibility Date of the Plan Year. Year, provided all eligibility and qualifying criteria are met.
If the reason forExceptions may be made if the Participant’s cessationemployment terminated prior to the Award Payment Date because of employment is a Good Leaver Event, then“good leaver event” as set forth in the Employment Changes section (or, where applicable, Country Appendix) or death, despite the Participant not being employed on the Award Payment Date or serving out a Notice Period on the Award Payment Date, theperiod of notice. The Participant may be considered for an Award, subject toAward which may be pro-rated in accordance with the other terms and conditionsnumber of calendar months the Plan. In relation to the Eligibility Date requirement: # Participants whose employment terminates due to the redundancy Good Leaver Event must be employed on the Eligibility Date ofParticipant worked during the Plan Year to be considered for an Award for that Plan Year; # Participants whose employment terminates due to other Good Leaver Events may be considered for an Award despite not being employed on the Eligibility Date of the Plan Year. Year, provided all eligibility and qualifying criteria are met.
IfSubject to applicable employment or labour standards legislation, a Participant whose employment is terminated without Cause in circumstances in which the reason for the Participant’s cessation of employment istermination does not qualify as a Good Leaver Event, then despiteEvent will not be entitled to an Award or payment in lieu thereof for the number of completed months the Participant not being employed on the Award Payment Date or serving out a Notice Period on the Award Payment Date, the Participant may be considered for an Award, subject to the other terms and conditions of the Plan. In relation to the Eligibility Date requirement: # Participants whose employment terminates due to the redundancy Good Leaver Event must be employed on the Eligibility Date of the Plan Year to be considered for an Award for that Plan Year; # Participants whose employment terminates due to other Good Leaver Events may be considered for an Award despite not being employed on the Eligibility Date ofworked during the Plan Year. For further clarity, other than as expressly required by applicable employment or labour standards legislation, there shall be no Award or payment in lieu thereof paid to a Participant in respect of or attributable to any period of common law or civil law reasonable notice, or any period of contractual termination notice or payment in lieu thereof, to which a Participant might be entitled.
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.