Example ContractsClausesTerminations of Employment
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Terminations of Employment A Participant who completes a deferral election in accordance with this [Section 2.4], but who has a Termination of Employment prior to the deadline for making such election has expired, will be deemed to have made no deferral election for the respective period.

Other Employment Terminations. In the event that your employment with Gentex or a Subsidiary terminates during the vesting schedule in a manner other than any specified in [Sections 3 or 4]4] above, all RSUs granted hereby that remain unvested shall be cancelled, terminated, and of no further force and effect, unless otherwise determined under the Plan.

Terminations of Employment. Executive’s employment may be terminated under a scenario addressed in this [Section 5(b)]. Upon any termination of employment, Executive will receive benefits described in [Section 5(b)(i)]. Depending on the circumstances of the termination of employment, subject to the conditions in [Section 6], Executive may be entitled to a lump sum payment of the amounts listed under one of [Section 5(b)(ii)], [Section 5(b)(iii)], or [Section 5(b)(iv)]. Executive agrees that if Executive owns or beneficially owns less than 5% of the Company’s fully diluted equity, upon termination of Executive’s employment for any reason, Executive will resign as of the date of such termination and to the extent applicable, from the Board (and any committees thereof), the board of directors (and any committees thereof) of any of the Company’s subsidiaries or affiliates. Executive agrees that upon termination of Executive’s employment for any reason, Executive will resign as of the date of such termination from any other employment positions Executive holds with the Company or any of its subsidiaries or affiliates.

Terminations. Except as otherwise provided in this [Section 7] or [Section 8], a Participant must remain continuously employed by the Company and its Affiliates through the last day of a Performance Period in order to be entitled to receive payment of any Long-Term Incentive Bonus pursuant to the Plan for such Performance Period.

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Terminations of employment resulting from something you have done are not Qualifying Terminations. The following are examples of terminations which are not Qualifying Terminations (but do not exhaust such terminations):

Other Terminations. In the event that you are no longer a NonEmployee Director before the Vesting Date other than as specified in [Sections 4 or 5]5] above, you will forfeit any Shares that have not become nonforfeitable by you at the time of such termination, unless otherwise determined by the Board and/or in accordance with the Plan.

Other Terminations. Unless otherwise determined by the Committee upon grant, if any Optionee’s employment with or service to the Company or any Subsidiary is terminated by such Optionee for any reason other than death, Disability, Normal or Early Retirement or Good Reason (as defined below), the Option shall thereupon terminate, except that the portion of any Option that was exercisable on the date of such termination of employment or service may be exercised for the lesser of ninety (90) days after the date of termination (or, if later, such time as the Option may be exercised pursuant to [Section 14(d)] hereof) or the balance of such Option’s term, which ever period is shorter. The transfer of an Optionee from the employ of or service to the Company to the employ of or service to a Subsidiary, or vice versa, or from one Subsidiary to another, shall not be deemed to constitute a termination of employment or service for purposes of the Plan.

If any partial termination (as determined by the Company in accordance with any applicable IRC provisions) of the Plan occurs, then the balances in the Accounts of those Members with respect to whom the Plan is so terminated shall be distributed as provided in [Section 16.3].

Section # (Employment Changes) Part B (Changes in Employment Status) Item c (Terminations -International Participants)

All Other Terminations. In the case of All Other Terminations, any portion of the Restricted Stock Units that was not already earned and payable pursuant to paragraph # above as of the date of termination of employment shall be canceled as of that date.

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