Qualified Termination

Example Definitions of "Qualified Termination"
Qualified Termination. Shall have the same definition as under the Marathon Petroleum Corporation Amended and Restated Executive Change in Control Severance Benefits Plan, as in effect on the Grant Date, and such definition and associated terms are hereby incorporated into this Award Agreement by reference.
View All 5 Variations
Qualified Termination. Shall have the same definition as under the Marathon Petroleum Corporation Amended and Restated Executive Change in Control Severance Benefits Plan, as in effect on the Grant Date, Date (disregarding subsection II of such definition), and such definition and associated terms are hereby incorporated into this Award Agreement by reference. reference
Qualified Termination. Shall For purposes of this Award Agreement shall have the same definition as under the Marathon Petroleum Corporation Amended and Restated MPLX LP Executive Change in Control Severance Benefits Plan, as in effect on the Grant Date, and such definition and associated terms are hereby incorporated into this Award Agreement by reference.
Qualified Termination. Shall have the same definition as under the Marathon Petroleum Corporation Amended and Restated MPLX LP Executive Change in Control Severance Benefits Plan, as in effect on the Grant Date, and such definition and associated terms are hereby incorporated into this Award Agreement by reference.
View Variations
Qualified Termination. A termination of the Executive's employment either (i) by a Company Group member without Cause (excluding by reason of Executive's death or Disability) or (ii) by the Executive for Good Reason, in either case, during the Change in Control Period (a "CIC Qualified Termination") or outside of the Change in Control Period (a "Non-CIC Qualified Termination").
Qualified Termination. A termination of the Executive's employment either (i) by a the Company Group member without Cause (excluding by reason of the Executive's death or Disability) or (ii) by the Executive for Good Reason, in either case, during the Change in Control Period (a "CIC 'CIC Qualified Termination") Termination') or outside of the Change in Control Period (a "Non-CIC 'Non-CIC Qualified Termination"). Termination')
Qualified Termination. A Means (i) a termination of Executive's employment by a Company Group member without Cause (excluding by reason of Executive's death or Disability) outside of the Change in Control Period (a "Non-CIC Qualified Termination") or (ii) a termination of Executive's employment either (i) (A) by a Company Group member without Cause (excluding by reason of Executive's death or Disability) or (ii) (B) by the Executive for Good Reason, in either case, during the Change in Control Period (a "CIC... Qualified Termination") or outside of the Change in Control Period (a "Non-CIC Qualified Termination"). View More
View Variations
Qualified Termination. A termination of the Participant's employment by the Company (i) without Cause (including a job loss due to any reduction in the work force, but excluding termination of employment due to the Participant's death or Disability), or (ii) by the Participant for Good Reason. Notwithstanding the preceding sentence, in no event shall a Participant's termination of employment with the Company constitute a Qualified Termination if such termination occurs as a result of or in connection with a Business... Unit Sale and either (i) the Participant is offered employment with a successor entity in connection with the Business Unit Sale and the terms of such employment offer would not constitute Good Reason, or (ii) the Participant accepts employment with a successor entity in connection with the Business Unit Sale View More
Qualified Termination. A Shall mean, subject to Section 11 of this Plan, within 24 full calendar months after a Change of Control as defined in Section 2(h), a termination of the Participant's employment by the Company (i) without Cause (including (and not as a job loss due to any reduction in the work force, but excluding termination result of employment due to the Participant's death or Disability), or (ii) by the Participant for Good Reason. Notwithstanding the preceding sentence, in no event shall a Participant's... termination of employment with the Company constitute a Qualified Termination if such termination occurs as a result of or in connection with a Business Unit Sale and either (i) the Participant is offered employment with a successor entity in connection with the Business Unit Sale and the terms of such employment offer would not constitute Good Reason, or (ii) the Participant accepts employment with a successor entity in connection with the Business Unit Sale View More
Qualified Termination. A Subject to Section 11 of this Plan, within 24 full calendar months after a Change of Control as defined in Section 2(h), a termination of the Participant's employment by the Company (i) without Cause (including (and not as a job loss due to any reduction in the work force, but excluding termination result of employment due to the Participant's death or Disability), or (ii) by the Participant for Good Reason. Notwithstanding the preceding sentence, in no event shall a Participant's termination... of employment with the Company constitute a Qualified Termination if such termination occurs as a result of or in connection with a Business Unit Sale and either (i) the Participant is offered employment with a successor entity in connection with the Business Unit Sale and the terms of such employment offer would not constitute Good Reason, or (ii) the Participant accepts employment with a successor entity in connection with the Business Unit Sale View More
View Variations
Qualified Termination. Termination of a Participant's employment with Energen and all Subsidiaries under any one of the following circumstances: (1) A result of Participant's retirement under the Energen Corporation Retirement Income Plan, as amended from time to time. (2) A result of the Participant's death or disability. (3) Expressly agreed in writing by Energen and/or a Subsidiary to constitute a Qualified Termination for purposes of this Plan.
Qualified Termination. Termination of a Participant's employment with Energen and all Subsidiaries under any one of the following circumstances: (1) An involuntary termination by Energen and the Subsidiaries, as applicable, other than for Cause. (2) Expressly agreed in writing by the Participant and Energen and/or a Subsidiary to constitute a Qualified Termination for purposes of this Plan. (3) A result of the Participant's death or disability. (4) A result of Participant's retirement under the Energen Corporation... Retirement Income Plan, as amended from time to time. (2) A result of 4 (5) With respect to Awards granted prior to a Change in Control, a voluntary termination for good reason entitling the Participant's death or disability. (3) Expressly agreed Participant to severance compensation under a written change in writing by control severance compensation agreement between Energen and/or a Subsidiary to constitute a Qualified Termination for purposes of this Plan. and the Participant View More
View Variations
Qualified Termination. Any termination of a Participant's employment during the Potential Change in Control Protection Period: (i) by the Company, any of its Subsidiaries or the resulting entity without Cause, or (ii) solely with respect to a Participant who is a party to a Change-in-Control Retention Agreement with the Company or a Subsidiary immediately prior to a Potential Change in Control, by the Participant for Good Reason
Qualified Termination. Any termination of a Participant's employment during the Potential Change in Control Protection Period: (i) by the Company, any of its Subsidiaries or the resulting entity without Cause, or (ii) solely with respect to a Participant who is a party to a Change-in-Control Retention Agreement with the Company or a Subsidiary immediately prior to a Potential Change in Control, by the Participant for Good Reason
View Variations
Qualified Termination. Any termination of a Participant's employment (i) by the Company or its Affiliates without Cause, or by reason of the Participant's death or Disability, or (ii) solely with respect to a Group I Participant, by the Participant for Good Reason. Notwithstanding the foregoing, the termination of a Participant's employment shall not be considered a Qualified Termination for any purpose of the Plan if such termination of employment is (x) on account of the Participant's mandatory retirement in... accordance with the Company's mandatory retirement program, if any, applicable to the Participant, or the Participant's voluntary termination of employment, with or without Good Reason, on or after attaining age 65, or (y) of the Participant's own initiative for any reason other than Good Reason. Notwithstanding anything in this paragraph to the contrary, a voluntary termination of employment in accordance with the terms, and subject to the conditions, of the 2014 Voluntary Early Retirement Window Program shall be treated as a 'Qualified Termination' for the purposes of the Plan View More
Qualified Termination. Any termination of a Participant's employment (i) by the Company or its Affiliates without Cause, or by reason of the Participant's death or Disability, or (ii) solely with respect to a Group I Participant, by the Participant for Good Reason. Notwithstanding the foregoing, the termination of a Participant's employment shall not be considered a Qualified Termination for any purpose of the this Plan if such termination of employment is (x) on account of the Participant's mandatory retirement in... accordance with the Company's mandatory retirement program, if any, applicable to the Participant, or the Participant's voluntary termination of employment, with or without Good Reason, on or after attaining age 65, or (y) of the Participant's own initiative for any reason other than Good Reason. Notwithstanding anything in this paragraph to the contrary, a voluntary termination of employment in accordance with the terms, and subject to the conditions, of the 2014 Voluntary Early Retirement Window Program shall be treated as a 'Qualified Termination' for the purposes of the Plan Reason View More
View Variations
Qualified Termination. Any termination of a Participant's employment: (a) at any time by the Company without Cause (and not as a result of the Participant's Disability or death); or (b) solely during the Change in Control Protection Period, by the Participant for Good Reason
Qualified Termination. Any termination of a Participant's employment: (a) (i) at any time other during the Change in Control Protection Period, by the Company without Cause (and not as a result of the Participant's Disability disability or death); or (b) (ii) solely during the Change in Control Protection Period, by the Company without Cause (and not as a result of the Participant's disability or death), or by the Participant for Good Reason Reason.
View Variations
Qualified Termination. After the Effective Date, the termination of a Participant's employment and such Participant's Separation from Service with the Company (i) by the Company without Cause or (ii) by such Participant for Good Reason; provided that, in the event of a sale of assets or businesses of the Company, if such Participant is offered reasonably comparable employment and compensation (excluding equity-based compensation) with any successor to the Company, or the purchaser of the interest, assets or business... of the Company, the sale itself and the related transfer or termination of such Participant's employment with the Company shall not constitute a Qualified Termination, Any such successor to the Company shall succeed to the rights and obligations of the Company herein. View More
Qualified Termination. A termination of the Grantee's employment (A) by the Company without Cause, (B) by the Grantee with Good Reason, or (C) as a result of the Grantee's death or Permanent Disability
Qualified Termination. For purposes of this Award Agreement shall have the same definition as under the Marathon Petroleum Corporation Amended and Restated Executive Change in Control Severance Benefits Plan (the "CIC Plan"), as in effect on the Grant Date, and such definition and associated terms are hereby incorporated into this Award Agreement by reference. Notwithstanding the definition of a "Change in Control" under the terms of the CIC Plan, for purposes of this Award Agreement such Change in Control for... purposes of determining whether a separation from service is a Qualified Termination shall include a Change in Control of either MPC, as the direct employer of the Participant, or a Change in Control of the Partnership, as the issuer of the Award. View More
All Definitions