Termination of Service Prior to the End of the Performance Period Clause Samples

Termination of Service Prior to the End of the Performance Period. Except as otherwise provided in this Section 4, if, prior to the end of the Performance Period, the Participant experiences a Termination of Service, whether initiated by either party and for any reason, all rights of the Participant to the PSUs shall terminate immediately and be forfeited in their entirety without compensation to the Participant, without regard to performance during any Measurement Period, and the forfeited PSUs shall be canceled without further action required by the Company or otherwise.
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Termination of Service Prior to the End of the Performance Period. Except as otherwise provided in this Section 4, if, prior to the end of the Performance Period, the Participant experiences a Termination of Service, whether initiated by either party and for any reason, all rights of the Participant to the PSUs shall terminate immediately and be forfeited in their entirety without compensation to the Participant, without regard to performance during any Measurement Period, and the forfeited PSUs shall be canceled. (a) Termination of Service Due to Death or Disability Prior to a Change in Control. If, during the Performance Period and prior to a Change in Control, the Participant experiences a Termination of Service due to the Participant’s death or Disability (as defined in Appendix B), then the PSUs shall be deemed to have been earned by the Participant in the target amount set forth in Section 1 hereof, all rights of the Participant with respect to such target amount of PSUs shall become immediately vested as of the date of such Termination of Service, and the Shares with respect thereto shall be delivered as soon as reasonably practicable (and in no event later than thirty (30) days) following the date of such Termination of Service, provided that, prior to the delivery date, the Participant does not breach any of the restrictive covenants set forth herein. Notwithstanding the foregoing, if the Participant experiences a Termination of Service due to Disability (other than during the two (2)-year period following a Section 409A CIC) and the Participant is (or during the Performance Period would be) Retirement eligible (without regard to any consent requirement), such Shares shall be delivered on the Scheduled Settlement Date (as defined in Section 5), provided that, prior to the delivery date, the Participant does not breach any of the restrictive covenants set forth herein.
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Related to Termination of Service Prior to the End of the Performance Period

  • 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

  • Termination of Service Relationship If the Optionee’s Service Relationship terminates, the period within which to exercise the Stock Option may be subject to earlier termination as set forth below.

  • Termination of Services The Account Owner may act for all Clients to terminate enrollment in the DNA Guardian Program by executing ViaCord’s required documentation. However, once the Child reaches the age of majority, ▇▇▇▇▇▇▇ will follow the request of the Child.

  • OUTCOME IF GRANTEE CANNOT COMPLETE REQUIRED PERFORMANCE Unless otherwise specified in this Statement of Work, if Grantee cannot complete or otherwise comply with a requirement included in this Statement of Work, HHSC, at its sole discretion, may impose remedies or sanctions outlined under Contract Attachment D, Local Mental Health Authority Special Conditions, Section 7.09 (Remedies and Sanctions). CONTRACT NO. HHS001324500038

  • Service Period The Service Period of this Agreement is for 1 year in respect of the unit and starts on the Start Date as defined in the Terms and Conditions, or, in the case of an extension of renewal of the provision of Support Services, starts on the date of payment of the Charges.