Termination of Employment Clause Example from Business Contracts

This example Termination of Employment clause appears in 4 contracts from 2 companies

Termination of Employment. Upon a Participant's ceasing to be an Eligible Employee, for any reason, such Participant shall be deemed to have elected to withdraw from the Plan, and the payroll deductions credited to such Participant's account during the Offering Period, plus any balance retained in his or her account from a prior Offering Period, if any, shall be paid to the Participant, or in the case of his or her death, to the person or persons entitled thereto under Section 15 of the Plan, as soon as reasonably practic...able, and such Participant's option for the Offering Period shall be automatically terminated. View More