Termination of Employment Clause Example with 74 Variations from Business Contracts

This page contains Termination of Employment 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.
Termination of Employment. Upon a Participant's ceasing to be an Eligible Employee, for any reason, he or she will be deemed to have elected to withdraw from the Plan and the Contributions credited to such Participant's account during the Offering Period but not yet used to purchase shares of Common Stock under the Plan will be returned to such Participant or, in the case of his or her death, to the person or persons entitled thereto under Section 15, and such Participant's option will be automatically terminated. Unless ...otherwise provided by the Administrator, a Participant whose employment transfers between entities through a termination with an immediate rehire (with no break in service) by the Company or a Designated Company will not be treated as terminated under the Plan; however, if a Participant transfers from an Offering under the 423 Component to the Non-423 Component, the exercise of the option will be qualified under the 423 Component only to the extent it complies with Section 423 of the Code, unless otherwise provided by the Administrator. View More
Found in Alector, Inc. contract

Variations of a "Termination of Employment" Clause from Business Contracts

Termination of Employment. Upon a Participant's participant ceasing to be an Eligible Employee, for any reason, he or she will shall be deemed to have elected to withdraw from the Plan and the Contributions payroll deductions credited to such Participant's participant's account during the Offering Period but not yet used to purchase shares of -7- Common Stock under the Plan will shall be returned to such Participant participant or, in the case of his or her death, to the person or persons entitled thereto under Section 15..., 15 hereof, and such Participant's participant's option will shall be automatically terminated. Unless otherwise provided by the Administrator, a Participant whose employment transfers between entities through a termination with an immediate rehire (with no break in service) by the Company or a Designated Company will not be treated as terminated under the Plan; however, if a Participant transfers from an Offering under the 423 Component to the Non-423 Component, the exercise of the option will be qualified under the 423 Component only to the extent it complies with Section 423 of the Code, unless otherwise provided by the Administrator. View More
Found in NETGEAR, Inc. contract
Termination of Employment. Upon a Participant's participant's ceasing to be an Eligible Employee, for any reason, he or she will shall be deemed to have elected to withdraw from the Plan and the Contributions payroll deductions credited to such Participant's participant's account during the Offering Period but not yet used to purchase shares of Common Stock under the Plan will shall be returned to such Participant participant or, in the case of his or her death, to the person or persons entitled thereto under Section 15, ...and such Participant's participant's option will shall be automatically terminated. Unless otherwise provided by the Administrator, The preceding sentence notwithstanding, a Participant whose participant who receives payment in lieu of notice of termination of employment transfers between entities through a termination with an immediate rehire (with no break in service) by the Company or a Designated Company will not shall be treated as terminated under continuing to be an Employee for the Plan; however, if a Participant transfers from an Offering under participant's customary number of hours per week of employment during the 423 Component period in which the participant is subject to the Non-423 Component, the exercise such payment in lieu of the option will be qualified under the 423 Component only to the extent it complies with Section 423 of the Code, unless otherwise provided by the Administrator. notice. View More
Found in Cytokinetics, Incorporated contract
Termination of Employment. Upon a Participant's participant's ceasing to be an Eligible Employee, for any reason, he or she will shall be deemed to have elected to withdraw from the Plan and the Contributions payroll deductions credited to such Participant's participant's account during the Offering Period but not yet used to purchase shares of Common Stock under exercise the Plan will option shall be promptly returned to such Participant participant or, in the case of his or her death, to the person or persons entitled t...hereto under Section 15, 15 hereof, and such Participant's participant's option will shall be automatically terminated. Unless otherwise provided by the Administrator, a Participant whose employment transfers between entities through a termination with an immediate rehire (with no break in service) by the Company or a Designated Company will not be treated as terminated under the Plan; however, if a Participant transfers from an Offering under the 423 Component to the Non-423 Component, the exercise of the option will be qualified under the 423 Component only to the extent it complies with Section 423 of the Code, unless otherwise provided by the Administrator. View More
Found in LANTRONIX INC contract
Termination of Employment. Upon a Participant's participant's ceasing to be an Eligible Employee, for any reason, he or she will shall be deemed to have elected to withdraw from the Plan and the Contributions payroll deductions credited to such Participant's participant's account during the Offering Period but not yet used to purchase shares of Common Stock under exercise the Plan will option shall be returned to such Participant participant or, in the case of his or her death, to the person or persons entitled thereto un...der Section 15, 15 hereof, and such Participant's participant's option will shall be automatically terminated. Unless otherwise provided by the Administrator, a Participant whose employment transfers between entities through a termination with an immediate rehire (with no break in service) by the Company or a Designated Company will not be treated as terminated under the Plan; however, if a Participant transfers from an Offering under the 423 Component to the Non-423 Component, the exercise of the option will be qualified under the 423 Component only to the extent it complies with Section 423 of the Code, unless otherwise provided by the Administrator. View More
Found in 3 Contracts from Incyte
Termination of Employment. Upon a Participant's ceasing to be an Eligible Employee, for any reason, he or she will shall be deemed to have elected to withdraw from the Plan and the Contributions payroll deductions credited to such Participant's account during the Offering Period but not yet used to purchase shares of Common Stock under the Plan will shall be returned to such Participant or, in the case of his or her death, to the person or persons entitled thereto under Section 15, 15 hereof, and such Participant's option... will shall be automatically terminated. Unless otherwise provided by the Administrator, a Participant whose employment transfers between entities through a termination with an immediate rehire (with no break in service) by the Company or a Designated Company will not be treated as terminated under the Plan; however, if a Participant transfers from an Offering under the 423 Component to the Non-423 Component, the exercise of the option will be qualified under the 423 Component only to the extent it complies with Section 423 of the Code, unless otherwise provided by the Administrator. View More
Found in 3 Contracts from QUICKLOGIC CORPORATION
Termination of Employment. Upon a Participant's participant ceasing to be an Eligible Employee, for any reason, he or she will shall be deemed to have elected to withdraw from the Plan and the Contributions payroll deductions credited to such Participant's participant's account during the Offering Period but not yet used to purchase shares of Common Stock under the Plan will shall be returned to such Participant participant or, in the case of his or her death, to the person or persons entitled thereto under Section 15, 15... hereof, and such Participant's participant's option will shall be automatically terminated. Unless otherwise provided by the Administrator, a Participant whose employment transfers between entities through a termination with an immediate rehire (with no break in service) by the Company or a Designated Company will not be treated as terminated under the Plan; however, if a Participant transfers from an Offering under the 423 Component to the Non-423 Component, the exercise of the option will be qualified under the 423 Component only to the extent it complies with Section 423 of the Code, unless otherwise provided by the Administrator. View More
Found in 3 Contracts from Arlo Technologies, Inc.
Termination of Employment. Upon a Participant's participant's ceasing to be an Eligible Employee, for any reason, he or she will be deemed to have elected to withdraw from the Plan and the Contributions credited to such Participant's participant's account during the Offering Period but not yet used to purchase shares of Common Stock under the Plan will be returned to such Participant participant or, in the case of his or her death, to the person or persons entitled thereto under Section 15, and such Participant's particip...ant's option will be automatically terminated. Unless otherwise provided terminated.12. Interest. No interest will accrue on the Contributions of a participant in the Plan, except as may be required by Applicable Law, as determined by the Administrator, a Participant whose employment transfers between entities through a termination with an immediate rehire (with no break Company, and if so required by Applicable Law, will apply to all participants in service) by the Company or a Designated Company will not be treated as terminated under the Plan; however, if a Participant transfers from an relevant Offering under the 423 Component to the Non-423 Component, the exercise of the option will be qualified under the 423 Component only except to the extent it complies with otherwise permitted by U.S. Treasury Regulation Section 423 of the Code, unless otherwise provided by the Administrator. 1.423-2(f). View More
Found in MaxLinear, Inc. contract
Termination of Employment. Upon a Participant's participant's ceasing to be an Eligible Employee, for any reason, he or she will shall be deemed to have elected to withdraw from the Plan and the Contributions payroll deductions or contributions credited to such Participant's participant's account during the Offering Period but not yet used to purchase shares of Common Stock under the Plan will shall be returned to such Participant participant or, in the case of his or her death, to the person administrator of his or perso...ns entitled thereto under Section 15, her estate, and such Participant's participant's option will shall be automatically terminated. Unless otherwise provided by the Administrator, a Participant whose employment transfers between entities through a termination with an immediate rehire (with no break in service) by the Company or a Designated Company will not be treated as terminated under the Plan; however, if a Participant transfers from an Offering under the 423 Component to the Non-423 Component, the exercise of the option will be qualified under the 423 Component only to the extent it complies with Section 423 of the Code, unless otherwise provided by the Administrator. View More
Found in Dolby Laboratories, Inc. contract
Termination of Employment. Upon a Participant's participant's ceasing to be an Eligible Employee, for any reason, he or she will be deemed to have elected to withdraw from the Plan and the Contributions credited to such Participant's participant's account during the Offering Period but not yet used to purchase shares of Common Stock under the Plan will be returned to such Participant participant or, in the case of his or her death, to the person or persons entitled thereto under Section 15, and such Participant's particip...ant's option will be automatically terminated. Unless otherwise provided by the Administrator, The preceding sentence notwithstanding, a Participant whose participant who receives payment in lieu of notice of termination of employment transfers between entities through a termination with an immediate rehire (with no break in service) by the Company or a Designated Company will not be treated as terminated under continuing to be an Employee for the Plan; however, if a Participant transfers from an Offering under participant's customary number of hours per week of employment during the 423 Component period in which the participant is subject to the Non-423 Component, the exercise such payment in lieu of the option will be qualified under the 423 Component only to the extent it complies with Section 423 of the Code, unless otherwise provided by the Administrator. notice. View More
Found in 3 Contracts from Rambus Inc.
Termination of Employment. Upon a Participant's participant's ceasing to be an Eligible Employee, for any reason, he or she will be deemed to have elected to withdraw from the Plan and the Contributions credited to such Participant's participant's account during the Offering Period but not yet used to purchase shares of Common Stock under the Plan will be returned to such Participant participant or, in the case of his or her death, to the person or persons entitled thereto under Section 15, and such Participant's particip...ant's option will be automatically terminated. Unless otherwise provided by the Administrator, The preceding sentence notwithstanding, a Participant whose participant who receives payment in lieu of notice of termination of employment transfers between entities through a termination with an immediate rehire (with no break in service) by the Company or a Designated Company will not be treated as terminated under continuing to be an Eligible Employee for the Plan; however, if a Participant transfers from an Offering under participant's customary number of hours per week of employment during the 423 Component period in which the participant is subject to the Non-423 Component, the exercise such payment in lieu of the option will be qualified under the 423 Component only to the extent it complies with Section 423 of the Code, unless otherwise provided by the Administrator. notice. View More
Found in LINEAR TECHNOLOGY CORP contract