Cessation of Continuous Service Sample Clauses

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Cessation of Continuous Service. (a) Except as otherwise provided in this Paragraph 3 or in Paragraph 5, should Participant cease Continuous Service for any reason prior to vesting in one or more Shares pursuant to the Vesting Schedule, then the Award will be immediately cancelled and forfeited with respect to those unvested Shares.
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Cessation of Continuous Service. The Award subject to this Agreement shall terminate prior to the Vesting Date if any of the following provisions become applicable: (a) If Participant ceases to remain in Continuous Service for any reason while the Restricted Stock Units are not vested, then this Award shall terminate and cease to be outstanding and all unvested Restricted Stock Units shall be forfeited. (b) If Participant dies after the Restricted Stock Units are fully vested and converted to Deferred Stock Units but before the Common Stock underlying the Deferred Stock Units is issued, then the personal representative of Participant’s estate or the person or persons to whom the Award is transferred pursuant to Participant’s will or in accordance with the laws of descent and distribution, shall have the right to receive this Award. (c) If Participant’s Continuous Service is terminated within 18 months after a Corporate Transaction in which this Award is assumed or replaced, then Paragraph 11(d) shall govern the disposition of this Award following such Involuntary Termination.
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Cessation of Continuous Service. Should the Participant cease Continuous Service for any reason prior to vesting in the Shares subject to this Award, then the Award will be immediately cancelled with respect to those unvested Shares, and the Restricted Stock Units subject to this Award will also be cancelled. The Participant shall thereupon cease to have any right or entitlement to receive any Shares under those cancelled units.
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Cessation of Continuous Service. The Award subject to this Agreement shall terminate prior to the Expiration Date if any of the following provisions become applicable: (a) If Participant ceases to remain in Continuous Service for any reason (other than death, Permanent Disability, or termination for Misconduct or breach of any noncompete covenant or agreement) while this Award is outstanding, then vesting of the Restricted Stock shall cease on the three-month anniversary of the date of such cessation of Continuous Service. Upon the expiration of such three-month period, this Award shall terminate and cease to be outstanding and all unvested shares of Restricted Stock shall be forfeited. (b) If Participant dies while holding this Award, then the personal representative of Participant’s estate or the person or persons to whom the Award is transferred pursuant to Participant’s will or in accordance with the laws of descent and distribution, shall have the right to receive this Award. However, vesting of this Award shall cease upon the earlier of (i) the expiration of the 12-month period measured from the date of Participant’s death or (ii) the date on which the Award is fully vested. Upon expiration of the 12-month period or (if earlier) upon the full vesting date, this Award shall terminate and cease to be outstanding as to any then unvested shares and all Restricted Stock subject to this Agreement that is unvested or subject to restriction at the time of termination shall automatically be forfeited. (c) If Participant ceases Continuous Service by reason of Permanent Disability while this Award is outstanding, then vesting of this Award shall cease upon the earlier of (i) the expiration of the 12-month period commencing on the date of cessation of Continuous Service or (ii) the date on which the Award is fully vested. Upon expiration of the 12-month period or (if earlier) upon the full vesting date, this Award shall terminate and cease to be outstanding as to any then unvested shares and all Restricted Stock subject to this Agreement that is unvested or subject to restriction at the time of termination shall automatically be forfeited. (d) If Participant’s Continuous Service is terminated within 18 months after a Corporate Transaction in which this Award is assumed or replaced, then Paragraph 9(d) shall govern the vesting of this Award following such Involuntary Termination. (e) If Participant ceases Continuous Service in connection with any Misconduct or breach of any noncompete covenant o...
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Related to Cessation of Continuous Service

  • Termination of Continuous Service Except as otherwise provided in this Section 3, the unvested portion of the award shall be forfeited as of the date (the “Termination Date”) that the Grantee actually ceases to provide services to the Company or any Affiliate in any capacity of Employee, Director or Consultant (irrespective of whether the Grantee continues to receive severance or any other continuation payments or benefits after such date) (such cessation of the provision of services by Grantee being referred to as “Service Termination”). A Service Termination shall not occur and Continuous Service shall not be considered interrupted in the case of (i) any approved leave of absence, (ii) transfers among the Company, any Subsidiary or Affiliate, or any successor, in any capacity of Employee, Director or Consultant, or (iii) any change in status as long as the individual remains in the service of the Company or a Subsidiary or Affiliate in any capacity of Employee, Director or Consultant.

  • Calculation of Continuous Service 6.2.1 For the purposes of this Clause (annual leave) service will be deemed to be continuous notwithstanding: 6.2.1.1 Any interruption or termination of the employment by the company if such interruption or termination has been made with the intention of avoiding obligations hereunder in respect of leave of absence;

  • Continuous Service The Parties shall continue providing services to each other during the pendency of any dispute resolution procedure, and the Parties shall continue to perform their obligations (including making payments in accordance with Article IV, Section 4) in accordance with this Agreement.

  • Period of Continuous Service Period of Notice Not more than 1 year 1 week More than 1 year but not more than 3 years 2 weeks More than 3 years but not more than 5 years 3 weeks More than 5 years 4 weeks

  • Cessation of Service The Option shall terminate (and cease to be outstanding) prior to the Expiration Date should any of the following provisions become applicable: (a) Should Optionee cease to remain in Service for any reason (other than death, Disability or Misconduct) while this Option is outstanding, then Optionee (or any person or persons to whom this Option is transferred pursuant to a permitted transfer under Section II(3)) shall have a period of three (3) months (commencing with the date of such cessation of Service) during which to exercise this Option, but in no event shall this Option be exercisable at any time after the Expiration Date. (b) Should Optionee die while this Option is outstanding, then the personal representative of Optionee’s estate or the person or persons to whom the Option is transferred pursuant to Optionee’s will or the laws of inheritance following Optionee’s death or to whom the Option is transferred during Optionee’s lifetime pursuant to a permitted transfer under Section II(3) shall have the right to exercise this Option. However, if Optionee dies while holding this Option and if Optionee has an effective beneficiary designation in effect for this Option at the time of his or her death, then the designated beneficiary or beneficiaries shall have the exclusive right to exercise this Option following Optionee’s death. Any such right to exercise this Option shall lapse, and this Option shall cease to be outstanding, upon the earlier of (i) the expiration of the twelve (12)-month period measured from the date of Optionee’s death or (ii) the Expiration Date. (c) Should Optionee cease Service by reason of Disability while this Option is outstanding, then Optionee (or any person or persons to whom this Option is transferred pursuant to a permitted transfer under Section II(3)) shall have a period of twelve (12) months (commencing with the date of such cessation of Service) during which to exercise this Option. In no event shall this Option be exercisable at any time after the Expiration Date. (d) During the limited period of post-Service exercisability, this Option may not be exercised in the aggregate for more than the number of Option Shares in which Optionee is, at the time of Optionee’s cessation of Service, vested pursuant to the Vesting Schedule or the special vesting acceleration provisions of Section II(4). Upon the expiration of such limited exercise period or (if earlier) upon the Expiration Date, this Option shall terminate and cease to be outstanding for any vested Option Shares for which the Option has not been exercised. To the extent Optionee is not vested in one or more Option Shares at the time of Optionee’s cessation of Service, this Option shall immediately terminate and cease to be outstanding with respect to such Option Shares. (e) Should Optionee’s Service be terminated for Misconduct or should Optionee otherwise engage in Misconduct while this Option is outstanding, then this Option shall terminate immediately and cease to remain outstanding and Optionee shall have no right to exercise vested or unvested Option Shares.