Leaves of Absence Clause Example with 20 Variations from Business Contracts

This page contains Leaves of Absence clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Leaves of Absence. Unless the Administrator provides otherwise, vesting of Awards granted hereunder will be suspended during any unpaid leave of absence. A Service Provider will not cease to be an Employee in the case of (i) any leave of absence approved by the Company or (ii) transfers between locations of the Company or between the Company, its Parent, or any Subsidiary. For purposes of Incentive Stock Options, no such leave may exceed ninety (90) days, unless reemployment upon expiration of such leave is guaran...teed by statute or contract. If reemployment upon expiration of a leave of absence approved by the Company is not so guaranteed, then three (3) months following the 91st day of such leave any Incentive Stock Option held by the participant will cease to be treated as an Incentive Stock Option and will be treated for tax purposes as a Nonstatutory Stock Option. View More
Found in ADVENT SOFTWARE INC contract

Variations of a "Leaves of Absence" Clause from Business Contracts

Leaves of Absence. Unless the Administrator provides otherwise, or except as otherwise required by Applicable Laws, vesting of Awards granted hereunder will be suspended during starting on the 30th consecutive day of any unpaid leave of absence. absence approved by the Company, with such suspension of vesting terminating upon the Participant's resumption of service with the Company. A Service Provider will not cease to be an Employee in the case of (i) any leave of absence approved by the Company or (ii) transfers... between locations of the Company or between the Company, its Parent, or any Subsidiary. For purposes -13- 13. Transferability of Incentive Stock Options, no such leave may exceed ninety (90) days, unless reemployment upon expiration of such leave is guaranteed by statute or contract. If reemployment upon expiration of a leave of absence approved Awards. Unless determined otherwise by the Company is Administrator, an Award may not so guaranteed, then three (3) months following the 91st day be sold, pledged, assigned, hypothecated, transferred, or disposed of such leave in any Incentive Stock Option held manner other than by will or by the participant laws of descent or distribution and may be exercised, during the lifetime of the Participant, only by the Participant. If the Administrator makes an Award transferable, such Award will cease to be treated contain such additional terms and conditions as an Incentive Stock Option and will be treated for tax purposes as a Nonstatutory Stock Option. the Administrator deems appropriate. View More
Found in Rambus Inc. contract
Leaves of Absence. Unless the Administrator provides otherwise, vesting of Awards granted hereunder will under this Plan shall be suspended during any unpaid leave of absence and shall resume on the date the Participant returns to work on a regular schedule as determined by the Company; provided, however, that no vesting credit shall be awarded for the time vesting has been suspended during such leave of absence. A Service Provider will shall not cease to be an Employee in the case of (i) any leave of absence appr...oved by the Company or (ii) transfers between locations of the Company or between the Company, its Parent, or any Subsidiary. For purposes of Incentive Stock Options, no such leave of absence may exceed ninety (90) days, unless reemployment upon expiration of such leave is guaranteed by statute or contract. If reemployment upon expiration of a leave of absence approved by the Company is not so guaranteed, guaranteed by statute or contract, then at the end of three (3) months following the 91st day expiration of such the leave of absence, any Incentive Stock Option held by the participant will Participant shall cease to be treated as an Incentive Stock Option and will shall be treated for tax purposes as a Nonstatutory Stock Option. 17 14. Non-Transferability of Awards. Unless determined otherwise by the Administrator, an Award may not be sold, pledged, assigned, hypothecated, transferred, or disposed of in any manner other than by the laws of descent, distribution or pursuant to a qualifed domestic relations order, and may be exercised, during the lifetime of the Participant, only by the Participant. If the Administrator makes an Award transferable, such Award shall contain such additional terms and conditions as the Administrator deems appropriate. View More
Found in Forbes Energy Services Ltd. contract
Leaves of Absence. Unless the Administrator provides otherwise, vesting of Awards granted hereunder will be suspended during any unpaid leave of absence. A Service Provider will not cease to be an Employee in the case of (i) any leave of absence approved by the Company Company, or (ii) transfers between locations of the Company or between the Company, its Parent, or any Subsidiary. For purposes of Incentive Stock Options, no such leave may exceed ninety (90) days, three (3) months, unless reemployment upon expirat...ion of such leave is guaranteed by statute or contract. If reemployment upon expiration of a leave of absence approved by the Company is not so guaranteed, then three (3) six (6) months and one day following the 91st day commencement of such leave any Incentive Stock Option held by the participant Participant will cease to be treated as an Incentive Stock Option and will be treated for tax purposes as a Nonstatutory Stock Option. 12 13. Transferability of Awards. Unless determined otherwise by the Administrator, an Award may not be sold, pledged, assigned, hypothecated, transferred, or disposed of in any manner other than by will or by the laws of descent or distribution and may be exercised, during the lifetime of the Participant, only by the Participant. If the Administrator makes an Award transferable, such Award may only be transferred (i) by will, (ii) by the laws of descent and distribution, (iii) to a revocable trust, or (iv) as permitted by Rule 701 of the Securities Act of 1933, as amended. View More
Found in Vitaxel Group Ltd contract
Leaves of Absence. Unless the Administrator provides otherwise, vesting of Awards granted hereunder will be suspended during any unpaid leave of absence. A Service Provider will not cease to be an Employee in the case of (i) any leave of absence approved by the Company Company, or (ii) transfers between locations of the Company or between the Company, its Parent, or any Subsidiary. For purposes of Incentive Stock Options, no such leave may exceed ninety (90) days, three (3) months, unless reemployment upon expirat...ion of such leave is guaranteed by statute or contract. If reemployment upon expiration of a leave of absence approved by the Company is not so guaranteed, then three (3) six (6) months and one day following the 91st day commencement of such leave any Incentive Stock Option held by the participant Participant will cease to be treated as an Incentive Stock Option and will be treated for tax purposes as a Nonstatutory Stock Option. A-12 15. Transferability of Awards. Unless determined otherwise by the Administrator, an Award may not be sold, pledged, assigned, hypothecated, transferred, or disposed of in any manner other than by will or by the laws of descent or distribution and may be exercised, during the lifetime of the Participant, only by the Participant. If the Administrator makes an Award transferable, such Award will contain such additional terms and conditions as the Administrator deems appropriate. View More
Found in Cutera, Inc. contract
Leaves of Absence. Unless otherwise determined by the Administrator provides otherwise, and subject to Applicable Law, vesting of Awards granted hereunder will under this Plan shall be suspended during any unpaid leave of absence and shall resume on the date the Participant returns to work on a regular schedule as determined by the Company; provided, however, that no vesting credit shall be awarded for the time vesting has been suspended during such leave of absence. A Service Provider will shall not cease to be a...n Employee in the case of (i) any leave of absence approved by the Company or (ii) transfers between locations of the Company or between the Company, its Parent, or any Subsidiary. For purposes of Incentive Stock Options, no such leave of absence may exceed ninety (90) days, unless reemployment upon expiration of such leave is guaranteed by 17 statute or contract. If reemployment upon expiration of a leave of absence approved by the Company is not so guaranteed, guaranteed by statute or contract, then at the end of three (3) months following the 91st day expiration of such the leave of absence, any Incentive Stock Option held by the participant will Participant shall cease to be treated as an Incentive Stock Option and will shall be treated for tax purposes as a Nonstatutory Stock Option. View More
Found in GUARANTY BANCSHARES INC contract
Leaves of Absence. Unless otherwise determined by the Administrator provides otherwise, and subject to Applicable Law, vesting of Awards granted hereunder will under this Plan shall be suspended during any unpaid leave of absence and shall resume on the date the Participant returns to work on a regular schedule as determined by the Company; provided, however, that no vesting credit shall be awarded for the time vesting has been suspended during such leave of absence. A Service Provider will shall not cease to be a...n Employee in the case of (i) any leave of absence approved by the Company or (ii) transfers between locations of the Company or between the Company, its Parent, or any Subsidiary. For purposes of Incentive Stock Options, no such leave of absence may exceed ninety (90) days, unless reemployment upon expiration of such leave is guaranteed by statute or contract. If reemployment upon expiration of a leave of absence approved by the Company is not so guaranteed, guaranteed by statute or contract, then at the end of three (3) months following the 91st day expiration of such the leave of absence, any Incentive Stock Option held by the participant will Participant shall cease to be treated as an Incentive Stock Option and will shall be treated for tax purposes as a Nonstatutory Stock Option. View More
Found in 2 Contracts from 2 Companies
Leaves of Absence. Unless the Administrator provides otherwise, vesting of Awards granted hereunder will under this Plan shall be suspended during any unpaid leave of absence and shall resume on the date the Participant returns to work on a regular schedule as determined by the Company; provided, however, that no vesting credit shall be awarded for the time vesting has been suspended during such leave of absence. A Service Provider will shall not cease to be an Employee in the case of (i) any leave of absence appr...oved by the Company or (ii) transfers between locations of the Company or between the Company, its Parent, or any Subsidiary. For purposes of Incentive Stock Options, no such leave of absence may exceed ninety (90) 90 days, unless reemployment upon expiration of such leave is guaranteed by statute or contract. If reemployment upon expiration of a leave of absence approved by the Company is not so guaranteed, guaranteed by statute or contract, then at the end of three (3) months following the 91st day expiration of such the leave of absence, any Incentive Stock Option held by the participant will Participant shall cease to be treated as an Incentive Stock Option and will shall be treated for tax purposes as a Nonstatutory Stock Option. View More
Found in 4 Contracts from 2 Companies
Leaves of Absence. (a) Unless the Administrator provides otherwise, vesting of Awards Options or Stock Purchase Rights granted hereunder will to officers, Directors and Consultants shall be suspended during any unpaid leave of absence. (b) A Service Provider will shall not cease to be an Employee a Service Provider in the case of (i) any leave of absence approved by the Company Company, or (ii) transfers between locations of the Company or between the Company, its Parent, any Subsidiary, or any Subsidiary. success...or. (c) For purposes of Incentive Stock Options, no such leave may exceed ninety (90) days, unless reemployment upon expiration of such leave is guaranteed by statute or contract. If reemployment upon expiration of a leave of absence approved by the Company is not so guaranteed, then three (3) months following the 91st ninety-first (91st) day of such leave leave, any Incentive Stock Option held by the participant will Optionee shall cease to be treated as an Incentive Stock Option and will shall be treated for tax purposes as a Nonstatutory Stock Option. View More
Found in Asante Solutions, Inc. contract
Leaves of Absence. Unless the Administrator provides otherwise, vesting of Awards granted hereunder under this Plan will be suspended during any unpaid leave of absence and will resume on the date the Participant returns to work on a regular schedule as determined by the Company; provided, but no vesting credit will be awarded for the time vesting has been suspended during such leave of absence. A Service Provider will not cease to be an Employee in the case of (i) any leave of absence approved by the Company or (...ii) transfers between locations of the Company or between the Company, its Parent, or any Subsidiary. For purposes of Incentive Stock Options, no such leave of absence may exceed ninety (90) 90 days, unless reemployment upon expiration of such leave is guaranteed by statute or contract. If reemployment upon expiration of a leave of absence approved by the Company is not so guaranteed, guaranteed by statute or contract, then at the end of three (3) months following after the 91st day expiration of such the leave of absence, any Incentive Stock Option held by the participant Participant will cease to be treated as an Incentive Stock Option and will be treated for tax purposes as a Nonstatutory Stock Option. View More
Found in 2 Contracts from 2 Companies
Leaves of Absence. Unless the Administrator provides otherwise, vesting of Awards granted hereunder will be suspended during any unpaid leave of absence. absence unless contrary to Applicable Law. A Service Provider Participant will not cease to be an Employee in the case of (i) any leave of absence approved by the Company Participant's employer or (ii) transfers between locations of the Company or between the Company, its Parent, or any Subsidiary. For purposes of Incentive Stock Options, no such leave may exceed... ninety (90) days, three (3) months, unless reemployment upon expiration of such leave is guaranteed by statute or contract. If reemployment upon expiration of a leave of absence approved by the Company Participant's employer is not so guaranteed, then three (3) six (6) months following the 91st first (1st) day of such leave any Incentive Stock Option held by the participant Participant will cease to be treated as an Incentive Stock Option and will be treated for tax purposes as a Nonstatutory Stock Option. View More
Found in ZIPREALTY INC contract