Leave of Absence Clause Example with 4 Variations from Business Contracts

This page contains Leave 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.
Leave of Absence. For purposes of the Award, Service does not terminate when Employee goes on a bona fide employee leave of absence that was approved by the Company or an Affiliate in writing, if the terms of the leave provide for continued Service crediting, or when continued Service crediting is required by applicable law. However, Service will be treated as terminating 90 days after Employee went on the approved leave, unless Employee's right to return to active work is guaranteed by law or by a contract. Serv...ice terminates in any event when the approved leave ends unless Employee immediately returns to active Service. The Committee determines, in its sole discretion, which leaves of absence count for this purpose, and when Service terminates for all purposes under the Plan. View More
Found in M.D.C. Holdings, Inc. contract

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

Leave of Absence. For purposes of the Award, Restricted Stock and Additional Shares, Service does not terminate when Employee Grantee goes on a bona fide employee leave of absence that was approved by the Company or an Affiliate in writing, if the terms of the leave provide for continued Service crediting, or when continued Service crediting is required by applicable law. However, Service will be treated as terminating 90 days after Employee Grantee went on the approved leave, unless Employee's Grantee's right to... return to active work is guaranteed by law or by a contract. Service terminates in any event when the approved leave ends unless Employee Grantee immediately returns to active Service. The Committee determines, in its sole discretion, which leaves of absence count for this purpose, and when Service terminates for all purposes under the Plan. View More
Found in National CineMedia, LLC contract
Leave of Absence. For purposes of the Award, Restricted Stock Units, Service does not terminate when Employee Grantee goes on a bona fide employee leave of absence that was approved by the Company or an Affiliate affiliate in writing, if the terms of the leave provide for continued Service crediting, or when continued Service crediting is required by applicable law. However, Service will be treated as terminating 90 days after Employee Grantee went on the approved leave, unless Employee's Grantee's right to retur...n to active work is guaranteed by law or by a contract. Service terminates in any event when the approved leave ends unless Employee Grantee immediately returns to active Service. The Compensation Committee determines, in its sole discretion, which leaves of absence count for this purpose, and when Service terminates for all purposes under the Plan. View More
Found in LIGHTBRIDGE Corp contract
Leave of Absence. For purposes of the Award, Shares, Service does not terminate when Employee Grantee goes on a bona fide employee leave of absence that was approved by the Company or an Affiliate in writing, if the terms of the leave provide for continued Service crediting, or when continued Service crediting is required by applicable law. However, Service will be treated as terminating 90 days after Employee Grantee went on the approved leave, unless Employee's Grantee's right to return to active work is guaran...teed by law or by a contract. Service terminates in any event when the approved leave ends unless Employee Grantee immediately returns to active Service. The Compensation Committee determines, in its sole discretion, which leaves of absence count for this purpose, and when Service terminates for all purposes under the Plan. View More
Found in LIGHTBRIDGE Corp contract
Leave of Absence. For purposes of the Award, Restricted Stock, Service does not terminate when Employee Grantee goes on a bona fide employee leave of absence that was approved by the Company or an Affiliate in writing, if the terms of the leave provide for continued Service crediting, or when continued Service crediting is required by applicable law. However, Service will be treated as terminating 90 days after Employee Grantee went on the approved leave, unless Employee's Grantee's right to return to active work... is guaranteed by law or by a contract. Service terminates in any event when the approved leave ends unless Employee Grantee immediately returns to active Service. The Committee determines, in its sole discretion, which leaves of absence count for this purpose, and when Service terminates for all purposes under the Plan. View More
Found in National CineMedia, Inc. contract