Continuance of Employment Contract Clauses (43)

Grouped Into 2 Collections of Similar Clauses From Business Contracts

This page contains Continuance of Employment clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Continuance of Employment. The vesting schedule requires continued employment or service through each applicable vesting date as a condition to the vesting of the applicable installment of the Award and the rights and benefits under this Award Agreement. Employment or service for only a portion of the vesting period, even if a substantial portion, will not entitle the Participant to any proportionate vesting or avoid or mitigate a termination of rights and benefits upon or following a termination of employment or services... as provided in Section 8 below or under the Plan. Nothing contained in this Award Agreement or the Plan constitutes an employment or service commitment by the Corporation, affects the Participant's status as an employee at will who is subject to termination without cause, confers upon the Participant any right to remain employed by or in service to the Corporation or any of its Subsidiaries, interferes in any way with the right of the Corporation or any of its Subsidiaries at any time to terminate such employment or services, or affects the right of the Corporation or any of its Subsidiaries to increase or decrease the Participant's other compensation or benefits. Nothing in this paragraph, however, is intended to adversely affect any independent contractual right of the Participant without his or her consent thereto. View More
Found in Resources Connection, Inc. contract
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Continuance of Employment. The vesting schedule requires continued employment or service through each applicable vesting date as a condition to the vesting of the applicable installment of the Award and the rights and benefits under this Award Agreement. Employment Partial employment or service for only a portion of the vesting period, service, even if a substantial portion, substantial, during any vesting period will not entitle the Participant to any proportionate vesting or avoid or mitigate a termination of rights and... benefits upon or following a termination of employment or services as provided in Section 8 below or under the Plan. services. Nothing contained in this Award Agreement or the Plan constitutes an employment or service commitment by the Corporation, affects the Participant's status as an employee at will who is subject to termination without cause, confers upon the Participant any right to remain employed by or in service to the Corporation or any of its Subsidiaries, Subsidiary, interferes in any way with the right of the Corporation or any of its Subsidiaries Subsidiary at any time to terminate such employment or services, or affects the right of the Corporation or any of its Subsidiaries Subsidiary to increase or decrease the Participant's other compensation or benefits. Nothing in this paragraph, however, is intended to adversely affect any independent contractual right of the Participant without his or her consent thereto. hereto. View More
Found in Golden State Water CO contract
Continuance of Employment. The vesting schedule requires continued employment or service through each applicable vesting date as a condition to the vesting of the applicable installment of the Award and the rights and benefits under this Award Agreement. Employment Partial employment or service for only a portion of the vesting period, service, even if a substantial portion, substantial, during any vesting period will not entitle the Participant to any proportionate vesting or avoid or mitigate a termination of rights and... benefits upon or following a termination of employment or services as provided in Section 8 below or under the Plan. services. Nothing contained in this Award Agreement or the Plan constitutes an employment or service commitment by the Corporation, affects the Participant's status as an employee at will who is subject to termination without cause, confers upon the Participant any right to remain employed by or in service to the Corporation or any of its Subsidiaries, Subsidiary, interferes in any way with the right of the Corporation or any of its Subsidiaries Subsidiary at any time to terminate such employment or services, or affects the right of the Corporation or any of its Subsidiaries Subsidiary to increase or decrease the Participant's other compensation or benefits. Nothing in this paragraph, however, is intended to adversely affect any independent contractual right of the Participant without his or her consent thereto. hereto. View More
Found in American States Water Company contract
Continuance of Employment. The vesting schedule requires continued employment or service through each applicable vesting the date of the Committee Determination (the "Vesting Period"), as provided in Section 3, as a condition to the vesting of the applicable installment of the Award and the rights and benefits under this Award Agreement. Employment or service for only a portion of the vesting period, Vesting Period, even if a substantial portion, will not entitle the Participant to any proportionate vesting or avoid or mi...tigate a termination of rights and benefits upon or following a termination of employment or services as provided in Section 8 below or under the Plan. Nothing contained in this Award Agreement or the Plan constitutes an employment or service commitment by the Corporation, Corporation or any of its Subsidiaries, affects the Participant's status as an employee at will who is subject to termination without cause, Cause (as defined herein), confers upon the Participant any right to remain employed by or in service to the Corporation or any of its Subsidiaries, interferes in any way with the right of the Corporation or any of its Subsidiaries at any time to terminate such employment or services, or affects the right of the Corporation or any of its Subsidiaries to increase or decrease the Participant's other compensation or benefits. Nothing in this paragraph, however, is intended to adversely affect any independent contractual right of the Participant without his or her consent thereto. View More
Found in Healthpeak Properties contract
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Continuance of Employment. The vesting schedule requires continued employment or service through each applicable Vesting Date as a condition to the vesting of the applicable installment of the Award and the rights and benefits under this Award Agreement. Employment or service for only a portion of the vesting period, even if a substantial portion, will not entitle the Participant to any proportionate vesting or avoid or mitigate a termination of rights and benefits upon or following a Termination of Service as provided in... Section 8 below and in the Plan. Nothing contained in this Award Agreement or the Plan constitutes an employment or service commitment by the Company, affects the Participant's status as an employee at will who is subject to termination with or without cause, confers upon the Participant any right to remain employed by or in service to the Company or any Subsidiary, interferes in any way with the right of the Company or any Subsidiary at any time to terminate such employment or services, or affects the right of the Company or any Subsidiary to increase or decrease the Participant's other compensation or benefits. Nothing in this paragraph, however, is intended to adversely affect any independent contractual right of the Participant without his consent thereto. 1 5. Dividend and Voting Rights. (a) Limitations on Rights Associated with Stock Units. The Participant shall have no rights as a shareholder of the Company, no dividend rights (except as expressly provided in Section 5(b) with respect to Dividend Equivalent Rights) and no voting rights, with respect to the Stock Units or any Shares underlying or issuable in respect of such Stock Units until such Shares are actually issued to and held of record by the Participant. No adjustments will be made for dividends or other rights of a holder for which the record date is prior to the date of issuance of the stock certificate or book entry evidencing such Shares. (b) Dividend Equivalent Rights Distributions. As of any date that the Company pays an ordinary cash dividend on its Common Stock, the Company shall credit the Participant with a dollar amount equal to (i) the per share cash dividend paid by the Company on its Common Stock on such date, multiplied by (ii) the total number of Stock Units (with such total number adjusted pursuant to Section 11 of the Plan) subject to the Award that are outstanding immediately prior to the record date for that dividend (a "Dividend Equivalent Right"). Any Dividend Equivalent Rights credited pursuant to the foregoing provisions of this Section 5(b) shall be subject to the same vesting, payment and other terms, conditions and restrictions as the original Stock Units to which they relate; provided, however, that the amount of any vested Dividend Equivalent Rights shall be paid in cash. No crediting of Dividend Equivalent Rights shall be made pursuant to this Section 5(b) with respect to any Stock Units which, immediately prior to the record date for that dividend, have either been paid pursuant to Section 7 or terminated pursuant to Section 8. View More
Found in Apple contract
Continuance of Employment. The Except as provided in this Section 4 and in Section 8 below, vesting schedule of the Award requires continued active employment or service through each applicable Vesting Date as a condition to the vesting of the applicable installment of the Award and the rights and benefits under this Award Agreement. Employment or service for only a portion of the vesting period, period between the Vesting Commencement Date and the first Vesting Date or between subsequent Vesting Dates, even if a substant...ial portion, will not entitle the Participant to any proportionate vesting or avoid or mitigate of the Award. For purposes of this Award Agreement, active service shall include (a) the duration of an approved leave of absence (other than a termination personal leave of rights absence) and benefits upon or following (b) the first thirty (30) days of an approved personal leave of absence, in each case as approved by the Company, in its sole discretion. The vesting of the Award shall be tolled beginning on the thirty-first (31st) day of a Termination personal leave of Service as provided in Section 8 below and in the Plan. Nothing absence.Nothing contained in this Award Agreement or the Plan constitutes an employment or service commitment by the Company, affects the Participant's status as an employee at will who is subject to termination with or without cause, confers upon the Participant any right to remain employed by or in service to the Company or any Subsidiary, interferes in any way with the right of the Company or any Subsidiary at any time to terminate such employment or services, service, or affects the right of the Company or any Subsidiary to increase or decrease the Participant's other compensation or benefits. Nothing in this paragraph, Section 4, however, is intended to adversely affect any independent contractual right of the Participant without his the Participant's consent thereto. 1 5. thereto.15. Dividend and Voting Rights. (a) Limitations on Rights Associated with Stock Units. RSUs. The Participant shall have no rights as a shareholder of the Company, no dividend rights (except as expressly provided in Section 5(b) with respect to Dividend Equivalent Rights) and no voting rights, with respect to the Stock Units RSUs or any Shares underlying or issuable in respect of such Stock Units RSUs until such Shares are actually issued to and held of record by the Participant. No adjustments will be made for dividends or other rights of a holder for which the record date is prior to the date of issuance of the stock certificate or as reflected in the book entry evidencing such Shares. (b) Dividend Equivalent Rights Distributions. As of any date that the Company pays an ordinary cash dividend on its Common Stock, Shares, the Company shall credit the Participant with a dollar amount equal to (i) the per share cash dividend paid by the Company on its Common Stock Shares on such date, multiplied by (ii) the total number of Stock Units RSUs (with such total number adjusted pursuant to Section 11 of the Plan) subject to the Award that are outstanding immediately prior to the record date for that dividend (a "Dividend Equivalent Right"). Any Dividend Equivalent Rights credited pursuant to the foregoing provisions of this Section 5(b) shall be subject to the same vesting, payment and other terms, conditions and restrictions as the original Stock Units RSUs to which they relate; relate, including the obligation to satisfy the Tax-Related Items; provided, however, that the amount of any vested Dividend Equivalent Rights shall be paid in cash. No crediting of Dividend Equivalent Rights shall be made pursuant to this Section 5(b) with respect to any Stock Units RSUs which, immediately prior to the record date for that dividend, have either been paid pursuant to Section 7 or terminated pursuant to Section 8. View More
Found in Apple contract
Continuance of Employment. The vesting schedule requires continued employment or service through each applicable Vesting Date vesting date as a condition to the vesting of the applicable installment of the Award and the rights and benefits under this Award Agreement. Employment Partial employment or service for only a portion of the vesting period, service, even if a substantial portion, substantial, during any vesting period will not entitle the Participant to any proportionate vesting or avoid or mitigate a termination ...of rights and benefits upon or following a Termination termination of Service employment or services as provided in Section 8 below and in 3(b) or under the Plan. Nothing contained in this Award Agreement or the Plan constitutes an employment or service commitment by the Company, Corporation, affects the Participant's status as an employee at will who is subject to termination with or without cause, confers upon the Participant any right to remain employed by or in service to the Company Corporation or any Subsidiary, interferes in any way with the right of the Company Corporation or any Subsidiary at any time to terminate such employment or services, or affects the right of the Company Corporation or any Subsidiary to increase or decrease the Participant's other compensation or benefits. Nothing in this paragraph, however, is intended to adversely affect any independent contractual right of the Participant without his the Participant's consent thereto. 1 2 5. Dividend and Voting Rights. (a) Limitations Limitation on Rights Associated with Stock Units. The Participant shall have no rights as a shareholder of the Company, Corporation, no dividend rights (except as expressly provided in Section 5(b) with respect to Dividend Equivalent Rights) dividend equivalent rights) and no voting rights, with respect to the Stock Units or and any Common Shares underlying or issuable in respect of such Stock Units until such Common Shares are actually issued to and held of record by the Participant. No adjustments will be made for dividends or other rights of a holder for which the record date is prior to the date of issuance of the stock certificate or book entry evidencing such Shares. certificate. (b) Dividend Equivalent Rights Distributions. As Equivalents. The Participant shall be entitled to receive dividend equivalents in the form of any date that additional Stock Units with respect to the Company Stock Units credited to his or her Account as the Corporation declares and pays an ordinary cash dividend dividends on its Common Stock, Shares in the Company shall credit form of cash. The number of Stock Units to be credited to the Participant with Participant's Account as a dollar amount dividend equivalent will equal to (i) (1) the per share cash dividend to be paid by the Company Corporation on its Common Stock on such date, Shares multiplied by (ii) the total number of Stock Units (with such total number adjusted pursuant to Section 11 of the Plan) subject then credited to the Award that are outstanding immediately prior to Participant's Account on the record date for that dividend (a "Dividend Equivalent Right"). Any Dividend Equivalent Rights credited pursuant divided by (2) the Fair Market Value of the Common Shares on the related dividend payment date. The Corporation shall credit such additional Stock Units to the foregoing provisions Participant's Account as of this Section 5(b) shall be subject the related dividend payment date. Stock Units credited as dividend equivalents will become vested to the same vesting, payment and other terms, conditions and restrictions extent as the original Stock Units to which they relate; provided, however, that the amount relate. For purposes of any vested Dividend Equivalent Rights clarity, no dividend equivalents shall be paid in cash. No crediting of Dividend Equivalent Rights shall be made pursuant to this Section 5(b) credited for a dividend record date with respect to any Stock Units which, immediately that were paid or terminated prior to the such dividend record date for that dividend, have either been paid pursuant to Section 7 or terminated pursuant to Section 8. date. View More
Found in American States Water Company contract
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