Termination of Employment Clause Example from Business Contracts

This example Termination of Employment clause appears in 2 contracts from 1 company

Termination of Employment. Unless 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, and such Participant's option will be automatically terminated. A Participant whose employment transfers between entities through a termination with an immediate reh...ire (with no break in service) by the Company or a Designated Company shall 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 shall be qualified under the 423 Component only to the extent it complies with Section 423 of the Code. View More
Found in On Deck Capital, Inc. contract
On Deck Capital, Inc. Contracts

ON DECK CAPITAL, INC. 2014 EMPLOYEE STOCK PURCHASE PLAN (Filed With SEC on December 4, 2014)

ON DECK CAPITAL, INC. 2014 EMPLOYEE STOCK PURCHASE PLAN (Filed With SEC on November 10, 2014)