Awardee Eligible to Vest

Awardee Eligible to Vest. The holder of an outstanding Award who is a full time or part time employee in active service with the Company or its Subsidiary and who is performing job duties for which he or she is compensated directly by the Company or its Subsidiary, or who is on an approved leave of absence with the Company or its Subsidiary, or who is taking vacation or sick time or otherwise approved flexible time off ('FTO') in accordance with the Company's FTO policy, on the vesting date fixed in the Award Agreement,... subject to the exception in Sections 10(c), (d) and (e) below. With the exception of an individual who is on an approved leave of absence with the Company or its Subsidiary, or an individual who is taking FTO, in no event shall an individual be considered an Awardee Eligible to Vest if the individual ceases or has ceased to perform job duties for which he or she is compensated directly by the Company or its Subsidiary. The foregoing shall be true in the event that the individual, prior to ceasing to perform job duties for which he or she is compensated directly by the Company or its Subsidiary, received or provided notice of termination (irrespective of any notice period or similar period prescribed under the laws of a jurisdiction outside the United States) whether such notice of termination or transfer is lawful or unlawful under applicable employment law or is in breach of an employment contract. Continued affiliation or relationship with the Company or its Subsidiary pursuant to a statutory or contractual notice period shall not constitute continuation of an individual's status as an Awardee Eligible to Vest. In accordance with the definition above, Status as an Awardee Eligible to Vest will always cease upon termination or transfer of employment with the Company or its Subsidiary except as provided in Sections 10(c), (d) and (e) below View More