Employment Status Contract Clauses (165)

Grouped Into 5 Collections of Similar Clauses From Business Contracts

This page contains Employment Status clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Employment Status. Neither this Agreement nor the Plan imposes on the Company any obligation to continue the employment of the Employee. TWIN DISC, INCORPORATED By: Its: EMPLOYEE: [NAME] EX-10.1 2 ex_407743.htm EXHIBIT 10.1 ex_407743.htm Exhibit 10.1 RESTRICTED STOCK GRANT AGREEMENT THIS AGREEMENT, by and between TWIN DISC, INCORPORATED (the "Company") and _______________ (the "Employee") is dated this 3rd day of August, 2022. WHEREAS, the Company adopted a Long-Term Incentive Compensation Plan in 2021 (the "Plan"...), whereby the Compensation and Executive Development Committee of the Board of Directors (the "Committee") is authorized to award shares of common stock of the Company to officers and key employees carrying restrictions such as a prohibition against disposition and establishing a substantial risk of forfeiture; and WHEREAS, the Committee has determined it to be in its best interests of the Company to provide the Employee with an inducement to acquire or increase the Employee's equity interest in the Company. NOW, THEREFORE, in consideration of the premises and of the covenants and agreements herein set forth, the parties hereto agree as follows: 1. Restricted Stock Grant. Subject to the terms of the Plan, a copy of which has been provided to the Employee and is incorporated herein by reference, the Company grants to the Employee _________ (______) shares of the common stock of the Company, subject to the terms and conditions and restrictions set forth below. View More
Found in TWIN DISC INC contract
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Employment Status. Neither this Agreement nor the Plan imposes on the Company any obligation to continue the employment of the Employee. TWIN DISC, INCORPORATED By: Its: EMPLOYEE: [NAME] EX-10.1 2 ex_407743.htm EX-10.2 3 ex_153021.htm EXHIBIT 10.1 ex_407743.htm 10.2 ex_153021.htm Exhibit 10.1 10.2 RESTRICTED STOCK GRANT AGREEMENT THIS AGREEMENT, by and between TWIN DISC, INCORPORATED (the "Company") and _______________ (the "Employee") is dated this 3rd 1st day of August, 2022. 2019. WHEREAS, the Company adopted a... Long-Term Incentive Compensation Plan in 2021 2018 (the "Plan"), whereby the Compensation and Executive Development Committee of the Board of Directors (the "Committee") is authorized to award shares of common stock of the Company to officers and key employees carrying restrictions such as a prohibition against disposition and establishing a substantial risk of forfeiture; and WHEREAS, the Committee has determined it to be in its best interests of the Company to provide the Employee with an inducement to acquire or increase the Employee's his equity interest in the Company. NOW, THEREFORE, in consideration of the premises and of the covenants and agreements herein set forth, the parties hereto agree as follows: 1. Restricted Stock Grant. Subject to the terms of the Plan, a copy of which has been provided to the Employee and is incorporated herein by reference, the Company grants to the Employee _________ (______) ( ) shares of the common stock of the Company, subject to the terms and conditions and restrictions set forth below. If at any time while this Agreement is in effect (or shares of common stock granted hereunder shall be or remain unvested while Employee's employment continues and has not yet terminated or ceased for any reason), there shall be any increase or decrease in the number of issued and outstanding shares of the Company through the declaration of a stock dividend or through any recapitalization resulting in a stock split-up, combination or exchange of such shares, then the Committee shall make any adjustments necessary in the number of shares of common stock then subject to this Agreement so that the aggregate value of common stock granted hereunder will not be changed. If any such adjustment shall result in a fractional share, such fraction shall be disregarded. View More
Found in TWIN DISC INC contract
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Employment Status. Neither this Agreement nor the Plan imposes on the Company any obligation to continue the employment of the Employee. TWIN DISC, INCORPORATED By: ____________________________________ Its: ____________________________________ EMPLOYEE: __________________________________________ [NAME] EX-10.2 3 ex10-2.htm EXHIBIT 10.2 ex10-2.htm Exhibit 10.2 RESTRICTED STOCK GRANT AGREEMENT THIS AGREEMENT, by and between TWIN DISC, INCORPORATED (the "Company") and ______________________ (the "Employee") is dated ...this 28th day of July, 2016. WHEREAS, the Company adopted a Long-Term Incentive Compensation Plan in 2010 (the "Plan"), which was amended and restated on July 31, 2015, whereby the Compensation and Executive Development Committee of the Board of Directors (the "Committee") is authorized to award shares of common stock of the Company to officers and key employees carrying restrictions such as a prohibition against disposition and establishing a substantial risk of forfeiture; and WHEREAS, the Committee has determined it to be in its best interests of the Company to provide the Employee with an inducement to acquire or increase his equity interest in the Company. NOW, THEREFORE, in consideration of the premises and of the covenants and agreements herein set forth, the parties hereto agree as follows: 1. Stock Grant. Subject to the terms of the Plan, a copy of which has been provided to the Employee and is incorporated herein by reference, the Company grants to the Employee _________ shares of the common stock of the Company, subject to the terms and conditions and restrictions set forth below. If at any time while this Agreement is in effect (or shares of common stock granted hereunder shall be or remain unvested while Employee's employment continues and has not yet terminated or ceased for any reason), there shall be any increase or decrease in the number of issued and outstanding shares of the Company through the declaration of a stock dividend or through any recapitalization resulting in a stock split-up, combination or exchange of such shares, then the Committee shall make any adjustments it deems fair and appropriate (in view of such change) in the number of shares of common stock then subject to this Agreement. If any such adjustment shall result in a fractional share, such fraction shall be disregarded. View More
Found in TWIN DISC INC contract
Employment Status. Neither this Agreement nor the Plan imposes on the Company any obligation to continue the employment of the Employee. TWIN DISC, INCORPORATED By: ____________________________________ Its: ____________________________________ EMPLOYEE: __________________________________________ [NAME] EX-10.2 3 ex10-2.htm EX-10.1 2 ex10-1.htm EXHIBIT 10.2 ex10-2.htm 10.1 ex10-1.htm Exhibit 10.2 RESTRICTED 10.1 PERFORMANCE STOCK AWARD GRANT AGREEMENT THIS AGREEMENT, PERFORMANCE STOCK AWARD GRANT AGREEMENT (the "Ag...reement"), by and between TWIN DISC, INCORPORATED (the "Company") and ______________________ _____________________________________ (the "Employee") is dated this 28th day of July, 2016. 2016, to memorialize an award of performance stock of even date herewith. WHEREAS, the Company adopted a Long-Term Incentive Compensation Plan in 2010 (the "Plan"), which was amended and restated on July 31, 2015, whereby the Compensation and Executive Development Committee of the Board of Directors (the "Committee") is authorized to grant performance stock awards that entitle an employee of the Company receiving such award to shares of common stock of the Company to officers and key employees carrying restrictions such as a prohibition against disposition and establishing a substantial risk of forfeiture; if the Company achieves certain predetermined performance objectives; and WHEREAS, effective July 28, 2016, the Committee has determined it made an award of performance stock to be in its best interests of the Company to provide the Employee with as an inducement to acquire or increase his equity interest in achieve the Company. below described performance objectives. NOW, THEREFORE, in consideration of the premises and of the covenants and agreements herein set forth, the parties hereto agree as follows: 1. Performance Stock Award Grant. Subject to the terms of the Plan, a copy of which has been provided to the Employee and is incorporated herein by reference, the Company grants to has granted Employee a performance stock award effective July 28, 2016. Such performance stock award shall entitle the Employee _________ shares of the common stock of the Company, subject to the terms and conditions and restrictions set forth below. If at any time while this Agreement is in effect (or shares of common stock granted hereunder shall be or remain unvested while Employee's employment continues and has not yet terminated or ceased for any reason), there shall be any increase or decrease in the number of issued and outstanding shares of the Company through the declaration of receive a stock dividend or through any recapitalization resulting in a stock split-up, combination or exchange of such shares, then the Committee shall make any adjustments it deems fair and appropriate (in view of such change) in the number of shares of the Company's common stock then subject (the "Shares") if the Company achieves the average sales revenue, economic profit, and/or relative total shareholder return objectives (the "Performance Objectives") stated below for the three fiscal year period ending June 30, 2019 (the "Performance Period"): Average Return on Invested Capital (a/k/a Average Return on Total Capital) (40% Weight) Average Sales Revenue (30% Weight) Average Annual Earnings Per Share (30% Weight) Maximum (150% payout) XX% $XXX $XXX Target (100% payout) XX% $XXX $XXX Threshold (50% payout) XX% $XXX $XXX For purposes of the above table: "Average Return on Invested Capital" (also known as Average Return on Total Capital) is the average amount of "Return on Invested Capital" for the three fiscal years of the Performance Period ". (Return on Invested Capital is measured as NOPAT divided by Invested Capital, where NOPAT equals earnings from operations, less tax, calculated using the actual reported effective tax rate, and Invested Capital equals long-term debt plus shareholders equity). "Average Sales Revenue" is the average of the amount reported as annual "Net Sales" in the Company's financial statements for the three fiscal years of the Performance Period. "Average Earnings Per Share" is the average of the amount reported as "Diluted earnings per share attributable to this Agreement. If any such adjustment shall result in a fractional share, such fraction shall be disregarded. Twin Disc common shareholders" for the three fiscal years of the Performance Period. View More
Found in TWIN DISC INC contract
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Employment Status. This Agreement does not constitute a contract of employment nor does it alter your terminable at will status or otherwise guarantee future employment.
Found in Capital One Financial contract
Employment Status. This Agreement does not constitute a contract of employment nor does it alter your Optionee's terminable at will status or otherwise guarantee future employment.
Found in Capital One Financial contract
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Employment Status. Executive's employment with the Company and its affiliates will terminate effective as of March 31, 2020. As used in this Release, the term "affiliate" will mean any entity controlled by, controlling, or under common control with, the Company.
Found in Veritiv Corporation contract
Employment Status. Executive's employment with the Company and its affiliates will terminate terminated effective as of March 31, 2020. August 1, 2021 (the "Termination Date"). As used in this Release, the term "affiliate" will mean any entity controlled by, controlling, or under common control with, the Company.
Found in Veritiv Corporation contract
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Employment Status. Nothing in this Agreement provides the Executive with any right to continued employment with the Company or any Affiliate, or shall interfere with the right of the Company or an Affiliate to terminate the Executive's employment at any time subject to their obligations under this Agreement.
Found in TRANS ENERGY INC contract
Employment Status. Nothing in this Agreement provides the Executive Employee with any right to continued employment with the Company or any Affiliate, or shall interfere with the right of the Company or an Affiliate to terminate the Executive's Employee's employment at any time subject to their obligations under this Agreement.
Found in Harvest Oil & Gas Corp. contract
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