Qualifying Termination

Qualifying Termination. Any one of the following (i) an Officer's involuntary termination of employment with the Company, other than Termination for Cause or mandatory retirement, or (ii) an Officer's election to terminate employment with the Company in lieu of accepting a downgrade to a non-Officer position or status. Qualifying Termination does not include any change in the Officer's employment status due to any transfer within the Company or to an affiliate, or to a purchaser of assets or a portion of the business... of the Company or an affiliate in connection with the purchase, Disability, voluntary termination or normal retirement View More

Qualifying Termination. A termination of the Participant's employment with the Company or a subsidiary, as applicable, by the Company or such subsidiary without Cause, or solely with respect to the CEO, by the CEO for Good Reason

Qualifying Termination. Shall mean (i) a termination of the Executive's employment by the Company without Cause within 3 months prior to or 12 months after a Change in Control, or (ii) a termination of the Executive's employment by the Executive for Good Reason within 12 months after a Change in Control.

Qualifying Termination. Means a Participant's Termination Date that occurs by reason of (i) termination by the Company or any of its Affiliates (or a successor thereto) without Cause or (ii) termination by the Participant for Good Reason.

Qualifying Termination. (u)"Qualifying Termination" means a termination of an Eligible Employee's employment by the Company without Cause. Termination due to death or disability shall not be treated as a Qualifying Termination. For the avoidance of doubt, neither (i) the transfer of an Eligible Employee's employment from the Company to OmniAb or any subsidiary of OmniAb, (ii) the consummation of the Distribution or the Merger or (iii) an Eligible Employee's objection to the transfer of employment from 2| the Company... to OmniAb and the subsequent termination of employment by the Company, shall, in each case, constitute a Qualifying Termination. View More

Qualifying Termination. A Termination of Employment that is either: (i) initiated by the Company for any reason other than the Executive's Disability or for Cause; or (ii) initiated by the Executive for Good Reason

Qualifying Termination. The term "Qualifying Termination" means (i) the termination of Executive's employment due to either termination by the Company or Subsidiary without Cause or by Executive for Good Reason and (ii) Executive's last day of employment occurs on or after the Announcement and before the first anniversary of the Change in Control.

Qualifying Termination. (u) "Qualifying Termination" means a termination of an Eligible Employee's employment by the Company without Cause. Termination due to death or disability shall not be treated as a Qualifying Termination. For the avoidance of doubt, neither (i) the transfer of an Eligible Employee's employment from Ligand to the Company or a Subsidiary prior to or in connection with the Distribution, (ii) the consummation of the Distribution or the Merger or (iii) an Eligible Employee's objection to the... transfer of employment from Ligand to the Company or a Subsidiary and the subsequent termination of employment by Ligand, shall, in any such case, constitute a Qualifying Termination. View More

Qualifying Termination. (i) an Termination Without Cause or resignation for Good Reason that does not occur on or within twelve (12) months after a Change in Control, or (ii) a Change in Control Termination.

Qualifying Termination. A termination of the Participant's employment with the Company by the Company without Cause (other than by reason of death or Disability) or by the Participant for Good Reason. If the Participant is primarily providing services to a business unit, as determined by the Committee, which is directly or indirectly sold, licensed or transferred resulting in a termination of the Participant's employment with the Company, a Qualifying Termination will not be deemed to occur if upon or within 120 days... following the closing of such sale, license or transfer, the Participant (i) accepts any position with the purchaser or any of its affiliates or (ii) is offered employment with the purchaser that does not require a relocation of the Participant's principal place of employment by more than 50 miles and does not result in a material diminution in the Participant's base salary, even if the Participant does not accept such offer of employment View More