Due to Any Other Reason Sample Clauses

The "Due to Any Other Reason" clause serves as a catch-all provision that allows for certain actions or consequences to occur if an event or circumstance arises that is not specifically addressed elsewhere in the agreement. In practice, this clause can apply to situations such as delays, failures, or breaches that are not covered by more narrowly defined clauses, thereby ensuring that unforeseen or miscellaneous issues are still governed by the contract. Its core function is to provide comprehensive coverage and flexibility, preventing gaps in the agreement and ensuring that parties have recourse even in unexpected scenarios.
Due to Any Other Reason. In the event Grantee’s employment is terminated by the Corporation or any Affiliate for any other reason during the applicable vesting period, Grantee (or Grantee’s estate or beneficiaries, if Grantee subsequently dies) shall receive a payment calculated in the following manner: (i) the number of Awarded Restricted Units will be reduced by multiplying the grant under this Award by a fraction, the numerator of which is the number of full months in the applicable vesting period during which Grantee was an active employee and the denominator of which is the number of months in the vesting period set forth in Section 2 above (with a partial month worked counted as a full month if Grantee is an active employee for 15 days or more in that month); and (ii) the resulting reduced number of Awarded Restricted Units shall be considered vested and payment of such pro-rated Award is to be made to Grantee (or Grantee’s beneficiaries or estate, if Grantee subsequently dies) as soon as practicable after Grantee’s termination of employment.
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Due to Any Other Reason. In the event Grantee’s employment is terminated by the Corporation or any Affiliate for any other reason during the Performance Cycle, the Performance Shares shall be forfeited.
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Due to Any Other Reason. In the event Grantee’s employment shall terminate for any reason other than one described above, any Options that are exercisable on the date of the termination of his employment may be exercised by him (or, in the event of his death after termination of employment when the Option is exercisable pursuant to its terms, by his estate or as may otherwise be provided for in accordance with the requirements of Section 12.2 of the Plan) at any time prior to the expiration of the term of the Options or the ninetieth (90th) day following his termination of employment, whichever period is shorter, and any Options that are not exercisable on the date of termination of his employment shall be forfeited at the time of such termination and not be exercisable thereafter.
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Due to Any Other Reason. In the event Grantee’s employment is terminated by the Corporation or any Affiliate for any other reason during the applicable Restricted Period, the Restricted Units shall be forfeited.
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Related to Due to Any Other Reason

  • Any Other Reason If the Participant’s employment terminates (whether by the Participant or by the Company or a Subsidiary) for any reason other than death or Disability prior to the third anniversary of the Grant Date, and subject to Section 2(c)(ii), any outstanding Performance Stock Units shall immediately be forfeited and canceled effective as of the date of the Participant’s termination.

  • Termination for Any Other Reason The expiration of three (3) months from the date of an Optionee's termination of employment or contractual relationship with the Company or any Related Corporation for any reason whatsoever other than cause, death or Disability (as defined in Section 5(g) of the Plan). Each unvested Option granted pursuant hereto shall terminate immediately upon termination of the Optionee's employment or contractual relationship with the Company for any reason whatsoever, including death or Disability unless vesting is accelerated in accordance with Section 5(f) of the Plan.

  • Other Reasons Executive’s employment and the Term will be terminated upon Executive’s death or Executive becoming Disabled.

  • Leave With or Without Pay for Other Reasons At its discretion, the Employer may grant: (a) leave with pay when circumstances not directly attributable to the employee prevent his reporting for duty. Such leave shall not be unreasonable withheld; (b) leave with or without pay for purposes other than those specified in this Agreement.

  • Refund for Withdrawal Due to Other Reasons If the Student withdraws from the Course for any reason other than those stated in Clause 2.1, the PEI will, within seven (7) working days of receiving the Student’s written notice of withdrawal, refund to the Student an amount based on the table in Schedule D.