Withdrawal Termination of Employment Clause Example with 16 Variations from Business Contracts
This page contains Withdrawal 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.
Withdrawal Termination of Employment. (a) A Participant may either: (i) withdraw all but not less than all the payroll deductions credited to the Participant's account and not yet used to exercise the Participant's option under the Plan; or (ii) terminate future payroll deductions, but allow accumulated payroll deductions to be used to exercise the Participant's option under the Plan at any time by giving notice to the Company (using such form or method (including electronic forms) as the Administrator may designate from time to tim...e). If the Participant elects withdrawal alternative (i) described above, all of the Participant's payroll deductions credited to the Participant's account will be paid to such Participant as soon as administratively practicable after receipt of notice of withdrawal, such Participant's option for the Offer Period will be automatically terminated, and no further payroll deductions for the purchase of shares will be made during the Offer Period. If the Participant elects withdrawal alternative (ii) described above, no further payroll deductions for the purchase of shares will be made during the Offer Period, all of the Participant's payroll deductions credited to the Participant's account will be applied to the exercise of the Participant's option on the next Exercise Date (subject to Sections 3(b), 6, 7 and 12), and after such Exercise Date, such Participant's option for the Offer Period will be automatically terminated and all remaining accumulated payroll deduction amounts shall be returned to the Participant. If a Participant withdraws from an Offer Period, payroll deductions will not resume at the beginning of the succeeding Offer Period unless the Participant enrolls in such succeeding Offer Period. 5 (b) Upon termination of a Participant's employment relationship (as described in Section 2(k)) prior to the next scheduled Exercise Date, the payroll deductions credited to such Participant's account during the Offer Period but not yet used to exercise the option will be returned to such Participant or, in the case of his/her death, to the person or persons entitled thereto under Section 14, and such Participant's option will be automatically terminated without exercise of any portion of such option.View More
Variations of a "Withdrawal Termination of Employment" Clause from Business Contracts
Withdrawal Termination of Employment. (a) A Participant participant may either: (i) withdraw all but not less than all the payroll deductions credited to the Participant's his or her account and not yet used to exercise the Participant's option under the Plan; his or (ii) terminate future payroll deductions, but allow accumulated payroll deductions to be used to exercise the Participant's her option under the Plan at any time by giving notice pursuant to the process prescribed and communicated by the Company (using such form or meth...od (including electronic forms) as the Administrator may designate from time to time). If the Participant elects withdrawal alternative (i) described above, all time. All of the Participant's participant's payroll deductions credited to the Participant's his or her account will shall be paid to such Participant as soon as administratively practicable participant promptly after receipt of notice of withdrawal, withdrawal and such Participant's participant's option for the Offer Period will Offering shall be automatically terminated, and no further payroll deductions for the purchase of shares will shall be made during the Offer Period. If the Participant elects withdrawal alternative (ii) described above, no further payroll deductions for the purchase of shares will be made during the Offer Period, all of the Participant's payroll deductions credited to the Participant's account will be applied to the exercise of the Participant's option on the next Exercise Date (subject to Sections 3(b), 6, 7 and 12), and after such Exercise Date, such Participant's option for the Offer Period will be automatically terminated and all remaining accumulated payroll deduction amounts shall be returned to the Participant. Offering. If a Participant participant withdraws from an Offer Period, Offering, payroll deductions will shall not resume at the beginning of the succeeding Offer Period Offering unless the Participant enrolls in such succeeding Offer Period. participant completes the enrollment process again pursuant to Section 5. (b) Upon termination of a Participant's employment relationship (as described in Section 2(k)) prior participant's ceasing to be an Employee for any reason, he or she shall be deemed to have elected to withdraw from the next scheduled Exercise Date, Plan and the payroll deductions credited to such Participant's participant's account during the Offer Offering Period but not yet used to exercise the option will shall be returned to such Participant participant or, in the case of his/her his or her death, to the person or persons entitled thereto under Section 14, 14 hereof, and such Participant's participant's option will shall be automatically terminated without exercise of terminated. (c) A participant's withdrawal from an Offering shall not have any portion of such option. effect upon his or her eligibility to participate in any similar plan which may hereafter be adopted by the Company or in succeeding Offerings which commence after the participant's withdrawal. View More
Withdrawal Termination of Employment. (a) A Participant (a)A participant may either: (i) withdraw all but not less than all the payroll deductions and other contributions, if any, credited to the Participant's his or her account and not yet used to exercise the Participant's option under the Plan; his or (ii) terminate future payroll deductions, but allow accumulated payroll deductions to be used to exercise the Participant's her option under the Plan at any time by accessing the website designated by the Company and electronically ...withdrawing from the Offering Period or by giving written notice to the Company (using (in such form or method (including electronic forms) as the Administrator Company may designate from time to time). If the Participant elects withdrawal alternative (i) described above, all provide). All of the Participant's participant's payroll deductions credited to the Participant's his or her account will be paid to such Participant participant as soon as administratively practicable after receipt of notice of withdrawal, withdrawal and such Participant's participant's option for the Offer Offering Period will be automatically terminated, and no further payroll deductions (or contributions) for the purchase of shares will be made during the Offer Offering Period. If the Participant elects withdrawal alternative (ii) described above, no further payroll deductions for the purchase of shares will be made during the Offer Period, all of the Participant's payroll deductions credited to the Participant's account will be applied to the exercise of the Participant's option on the next Exercise Date (subject to Sections 3(b), 6, 7 and 12), and after such Exercise Date, such Participant's option for the Offer Period will be automatically terminated and all remaining accumulated payroll deduction amounts shall be returned to the Participant. If a Participant participant withdraws from an Offer Offering Period, payroll deductions (or contributions) will not resume at the beginning of the succeeding Offer Offering Period unless the Participant participant timely enrolls in such succeeding Offer that Offering Period. 5 (b) Upon (b)Upon a participant's ceasing to be an Employee for any reason or upon termination of a Participant's participant's employment relationship (as described in Section 2(k)) prior to the next scheduled Exercise Date, 2(g)), the payroll deductions and other contributions, if any, credited to such Participant's participant's account during the Offer Offering Period but not yet used to exercise the option will be returned to such Participant participant or, in the case of his/her his or her death, to the person or persons entitled thereto under Section 14, 16, and such Participant's participant's option will be automatically terminated. A participant whose employment is deemed to have terminated without exercise of under Section 2(g) may participate in any portion of future Offering Period in which such option. individual is eligible to participate by timely enrollment in that Offering Period. View More
Withdrawal Termination of Employment. (a) A Participant participant may either: (i) withdraw all but not less than all the payroll deductions and other contributions, if any, credited to the Participant's his or her account and not yet used to exercise the Participant's option under the Plan; his or (ii) terminate future payroll deductions, but allow accumulated payroll deductions to be used to exercise the Participant's her option under the Plan at any time by accessing the website designated by the Company and electronically withd...rawing from the Offering Period or by giving written notice to the Company (using (in such form or method (including electronic forms) as the Administrator Company may designate from time to time). If the Participant elects withdrawal alternative (i) described above, all provide). All of the Participant's participant's payroll deductions credited to the Participant's his or her account will be paid to such Participant participant as soon as administratively practicable after receipt of notice of withdrawal, withdrawal and such Participant's participant's option for the Offer Offering Period will be automatically terminated, and no further payroll deductions (or contributions) for the purchase of shares will be made during the Offer Offering Period. If the Participant elects withdrawal alternative (ii) described above, no further payroll deductions for the purchase of shares will be made during the Offer Period, all of the Participant's payroll deductions credited to the Participant's account will be applied to the exercise of the Participant's option on the next Exercise Date (subject to Sections 3(b), 6, 7 and 12), and after such Exercise Date, such Participant's option for the Offer Period will be automatically terminated and all remaining accumulated payroll deduction amounts shall be returned to the Participant. If a Participant participant withdraws from an Offer Offering Period, payroll deductions (or contributions) will not resume at the beginning of the succeeding Offer Offering Period unless the Participant participant timely enrolls in such succeeding Offer that Offering Period. 5 (b) Upon a participant's ceasing to be an Employee for any reason or upon termination of a Participant's participant's employment relationship (as described in Section 2(k)) prior to the next scheduled Exercise Date, 2(g)), the payroll deductions and other contributions, if any, credited to such Participant's participant's account during the Offer Offering Period but not yet used to exercise the option will be returned to such Participant participant or, in the case of his/her his or her death, to the person or persons entitled thereto under Section 14, 16, and such Participant's participant's option will be automatically terminated. A participant whose employment is deemed to have terminated without exercise of under Section 2(g) may participate in any portion of future Offering Period in which such option. individual is eligible to participate by timely enrollment in that Offering Period. View More
Withdrawal Termination of Employment. (a) A Participant may either: (i) withdraw all but not less than all of the payroll deductions credited to the Participant's account and not yet used to exercise the Participant's option under the Plan; or (ii) terminate future payroll deductions, but allow accumulated payroll deductions to be used to exercise the Participant's option under the Plan at any time for a given Offering Period by giving providing written notice to the Company (using no later than 45 days prior to the last day of such...form or method (including electronic forms) as Offering Period. A Participant shall not be permitted to make a partial withdrawal of the Administrator may designate from time payroll deductions credited to time). If the Participant elects withdrawal alternative (i) described above, all his account. All of the Participant's payroll deductions credited to the Participant's account will be paid to such Participant as soon as administratively practicable him promptly after receipt of the Participant's notice of withdrawal, such the Participant's option for participation in the Offer Period Plan will be automatically terminated, and no further payroll deductions for the purchase of shares hereunder will be made during made. Payroll deductions will not resume on behalf of a Participant who has withdrawn from the Offer Period. If Plan, unless written notice is delivered to the Participant elects withdrawal alternative (ii) described above, no further Company within the enrollment period preceding the commencement of a new Offering Period directing the Company to resume payroll deductions for the purchase of shares will be made during the Offer Period, all deductions. (b) Upon termination of the Participant's Continuous Employment prior to the Exercise Date of the Offering Period for any reason, including retirement or death, the payroll deductions credited to the Participant's account will be applied to the exercise of the Participant's option on the next Exercise Date (subject to Sections 3(b), 6, 7 and 12), and after such Exercise Date, such Participant's option for the Offer Period will be automatically terminated and all remaining accumulated payroll deduction amounts shall be returned to the Participant. If a Participant withdraws from an Offer Period, payroll deductions will not resume at the beginning of the succeeding Offer Period unless the Participant enrolls in such succeeding Offer Period. 5 (b) Upon termination of a Participant's employment relationship (as described in Section 2(k)) prior to the next scheduled Exercise Date, the payroll deductions credited to such Participant's account during the Offer Period but not yet used to exercise the option will be returned to such Participant or, in the case of his/her death, to the person or persons entitled thereto Participant's estate, and the Participant's options to purchase shares under Section 14, and such Participant's option the Plan will be automatically terminated without exercise of terminated. (c) In the event a Participant ceases to be an Eligible Employee during an Offering Period, the Participant will be deemed to have elected to withdraw all payroll deductions credited to his account from the Plan. In such circumstance, the payroll deductions credited to the Participant's account will be returned to the Participant, and the Participant's options to purchase shares under the Plan will be terminated. 4 11. Transferability. Options to purchase Common Stock granted under the Plan are not transferable, in any portion of such option. manner, by a Participant and are exercisable only by the Participant. View More
Withdrawal Termination of Employment. (a) A Participant may either: (i) withdraw all but not less than all of the payroll deductions credited to the Participant's account and not yet used to exercise the Participant's option under the Plan; or (ii) terminate future payroll deductions, but allow accumulated payroll deductions to be used to exercise the Participant's option under the Plan at any time by giving written notice to the Company (using such form or method (including electronic forms) as the Administrator may designate from ...time to time). If the Participant elects withdrawal alternative (i) described above, all Company. All of the Participant's payroll deductions credited to the Participant's account will be paid to such Participant as soon as administratively practicable him or her promptly after receipt of the Participant's notice of withdrawal, such the Participant's option for participation in the Offer Period Plan will be automatically terminated, and no further payroll deductions for the purchase of shares will be made during made. Payroll deductions will not resume on behalf of a Participant who has withdrawn from the Offer Period. If Plan unless written notice is delivered to the Participant elects withdrawal alternative (ii) described above, no further Company within the open enrollment period preceding the commencement of an Exercise Period directing the Company to resume payroll deductions for the purchase of shares will be made during the Offer Period, all deductions. (b) Upon termination of the Participant's Continuous Employment during an Exercise Period for any reason, including retirement or death, the payroll deductions credited to the Participant's account for that Exercise Period will be returned to the Participant or, in the case of death, to the Participant's estate, and the Participant's options to purchase shares under the Plan will be automatically terminated as of the date of such termination of Continuous Employment. (c) In the event a Participant fails to maintain Continuous Employment for at least twenty (20) hours per week during an Offering Period, the Participant will be deemed to have elected to withdraw from the Plan, the payroll deductions credited to the Participant's account will be applied to the exercise of the Participant's option on the next Exercise Date (subject to Sections 3(b), 6, 7 and 12), and after such Exercise Date, such Participant's option for the Offer Period will be automatically terminated and all remaining accumulated payroll deduction amounts shall be returned to the Participant. If a Participant withdraws Participant, and the Participant's options to purchase shares under the Plan will be terminated. (d) A Participant's withdrawal from an Offer Period, payroll deductions Offering Period will not resume at have any effect upon the beginning of Participant's eligibility to participate in a succeeding Offering Period or in any similar plan which may hereafter be adopted by the succeeding Offer Period unless the Participant enrolls in such succeeding Offer Period. 5 (b) Upon termination of a Participant's employment relationship (as described in Section 2(k)) prior to the next scheduled Exercise Date, the Company. 8 14. Transferability. Neither payroll deductions credited to such a Participant's account nor options to purchase Common Stock granted under the Plan may be transferred, assigned, pledged or otherwise disposed of by a Participant other than by will or the laws of descent and distribution. Options granted under the Plan are exercisable during a Participant's lifetime only by the Offer Period but not yet used to exercise the option will be returned to such Participant or, in the case of his/her death, to the person or persons entitled thereto under Section 14, and such Participant's option will be automatically terminated without exercise of any portion of such option. Participant. View More
Withdrawal Termination of Employment. (a) A Participant may either: (i) withdraw all but not less than all of the payroll deductions credited to the Participant's account and not yet used to exercise the Participant's option under the Plan; or (ii) terminate future payroll deductions, but allow accumulated payroll deductions to be used to exercise the Participant's option under the Plan at any time by giving written notice to the Company (using such form or method (including electronic forms) as the Administrator may designate from ...time to time). If the Participant elects withdrawal alternative (i) described above, all Company. All of the Participant's payroll deductions credited to the Participant's account will be paid to such Participant as soon as administratively practicable him or her promptly after receipt of the Participant's notice of withdrawal, such the Participant's option for participation in the Offer Period Plan will be automatically terminated, and no further payroll deductions for the purchase of shares will be made during made. Payroll deductions will not resume on behalf of a Participant who has withdrawn from the Offer Period. If Plan unless written notice is delivered to the Participant elects withdrawal alternative (ii) described above, no further Company within the open enrollment period preceding the commencement of an Exercise Period directing the Company to resume payroll deductions for the purchase of shares will be made during the Offer Period, all deductions. (b) Upon termination of the Participant's Continuous Employment during an Exercise Period for any reason, including retirement or death, the payroll deductions credited to the Participant's account for that Exercise Period will be returned to the Participant or, in the case of death, to the Participant's estate, and the Participant's options to purchase shares under the Plan will be automatically terminated as of the date of such termination of Continuous Employment. (c) In the event a Participant fails to maintain Continuous Employment for at least twenty (20) hours per week during an Offering Period, the Participant will be deemed to have elected to withdraw from the Plan, the payroll deductions credited to the Participant's account will be applied to the exercise of the Participant's option on the next Exercise Date (subject to Sections 3(b), 6, 7 and 12), and after such Exercise Date, such Participant's option for the Offer Period will be automatically terminated and all remaining accumulated payroll deduction amounts shall be returned to the Participant. If a Participant withdraws Participant, and the Participant's options to purchase shares under the Plan will be terminated. 8 (d) A Participant's withdrawal from an Offer Period, payroll deductions Offering Period will not resume at have any effect upon the beginning of Participant's eligibility to participate in a succeeding Offering Period or in any similar plan which may hereafter be adopted by the succeeding Offer Period unless the Participant enrolls in such succeeding Offer Period. 5 (b) Upon termination of a Participant's employment relationship (as described in Section 2(k)) prior to the next scheduled Exercise Date, the payroll deductions credited to such Participant's account during the Offer Period but not yet used to exercise the option will be returned to such Participant or, in the case of his/her death, to the person or persons entitled thereto under Section 14, and such Participant's option will be automatically terminated without exercise of any portion of such option. Company. View More
