Withdrawal Clause Example with 66 Variations from Business Contracts

Withdrawal. (a)A Participant 12.1Withdrawal Procedures. The Administrator may withdraw all but not less than all the Contributions credited set forth a deadline of when a withdrawal must occur to his or her account and not yet used be effective prior to exercise his or her option under the Plan at any a given Exercise Date in accordance with policies it may approve from time by (i) submitting to the Company's stock administration office (or its designee) a written notice of withdrawal in the form determined... by the Administrator for such purpose (which may be similar to the form attached hereto as Exhibit B), or (ii) following an electronic or other withdrawal procedure determined by the Administrator. time. All of the Participant's Contributions credited to his or her such Participant's account will be paid to such Participant promptly as soon as administratively practicable after receipt of notice of withdrawal and such Participant's option for the Offering Period will be automatically terminated, and no further Contributions for the purchase of shares of Common Stock will be made for such Offering Period. If a Participant withdraws from an Offering Period, Contributions will not resume at the beginning of the succeeding Offering Period, unless the Participant re-enrolls re‐enrolls in the Plan in accordance with the provisions of Section 5. (b)A 7. 12.2No Effect on Future Participation. A Participant's withdrawal from an Offering Period will not have any effect upon his or her such Participant's eligibility to participate in any similar plan that may hereafter be adopted by the Company or in succeeding Offering Periods that commence after the termination of the Offering Period from which the Participant withdraws. -12- 13.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 such Participant's death, to the person or persons entitled thereto, and such Participant's option will be automatically terminated. Unless determined otherwise by the Administrator in a manner that, with respect to an Offering under the 423 Component, is permitted by, and compliant with, Code Section 423, 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 Code Section 423; further, no Participant will be deemed to switch from an Offering under the Non‐423 Component to an Offering under the 423 Component or vice versa unless (and then only to the extent) such switch would not cause the 423 Component or any option thereunder to fail to comply with Code Section 423. View More

Withdrawal. (a)A Participant (a) A participant may withdraw all but not less than all the Contributions payroll deductions credited to his or her account and not yet used to exercise his or her option under the Plan at any on or prior to such date or dates that have been designated by the Administrator from time to time in its sole discretion by (i) submitting to the Company's stock administration payroll office (or its designee) a written notice of withdrawal in the form determined prescribed by the Admini...strator Company for such purpose (which may be similar to the form attached hereto as Exhibit B), purpose, or (ii) following an electronic or other withdrawal procedure determined prescribed by the Administrator. Company. All of the Participant's Contributions participant's payroll deductions credited to his or her account will be paid to such Participant participant promptly after receipt of notice of withdrawal and such Participant's participant's option for the Offering Period will be automatically terminated, and no further Contributions payroll deductions for the purchase of shares will be made for such Offering Period. If a Participant participant withdraws from an Offering Period, Contributions payroll deductions will not resume at the beginning of the succeeding Offering Period, unless the Participant participant re-enrolls in the Plan in accordance with the provisions of Section 5. (b)A Participant's 5 (b) A participant's withdrawal from an Offering Period will not have any effect upon his or her eligibility to participate in any similar plan that which may hereafter be adopted by the Company or in succeeding Offering Periods that which commence after the termination of the Offering Period from which the Participant participant withdraws. (c) Automatic Rollover. If the Fair Market Value of a share of Common Stock on an Exercise Date (other than the final Exercise Date of an Offering Period) is less than the Fair Market Value of a share of Common Stock on the Offering Date of an Offering Period (each such Offering Period, a "Terminating Offering Period"), then (i) each Terminating Offering Period shall terminate immediately at the end of such Exercise Date, but, for the avoidance of doubt, after giving effect to the exercise and purchase of shares of Common Stock for the Purchase Period, and (ii) each participant in such Terminating Offering Period shall be automatically enrolled in the Offering Period commencing on the first Trading Day immediately following such Exercise Date.11. Termination of Eligibility. Upon a participant's ceasing to be an Eligible Employee, for any reason, he or she will be deemed to have elected to withdraw immediately from the Plan (and the participant's participation in the Plan shall terminate immediately) and the 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 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. If a participant transfers employment from the Company or any Designated Subsidiary participating in the Section 423 Component to any Designated Subsidiary participating in the Non-Section 423 Component, such transfer shall not be treated as a termination of employment, but the participant shall immediately cease to participate in the Section 423 Component; however, any contributions made for the Offering Period in which such transfer occurs shall be transferred to the Non-Section 423 Component, and such participant shall immediately join the then-current Offering under the Non-Section 423 Component upon the same terms and conditions in effect for the participant's participation in the Section 423 Component, except for such modifications otherwise applicable for participants in such Offering Period. A participant who transfers employment from any Designated Subsidiary participating in the Non-Section 423 Component to the Company or any Designated Subsidiary participating in the Section 423 Component shall not be treated as terminating the participant's employment and shall remain a participant in the Non-Section 423 Component until the earlier of (i) the end of the current Offering Period under the Non-Section 423 Component, or (ii) the Offering Date of the first Offering Period in which the participant is eligible to participate following such transfer. Notwithstanding the foregoing, the Administrator may establish different rules to govern transfers of employment between companies participating in the Section 423 Component and the Non-Section 423 Component, consistent with the applicable requirements of Section 423 of the Code.12. Interest. No interest will accrue on the payroll deductions of a participant in the Plan, unless required by Applicable Laws. View More

Withdrawal. (a)A (a) A Participant may decide not to purchase Shares on a given Purchase Date and opt to withdraw all all, but not less than all all, the Contributions payroll deductions credited to his or her account and not yet used to exercise his or her option purchase Shares under the Plan at any time by (i) submitting to the Company's stock administration office (or its designee) giving notice in a written notice of withdrawal in the form determined or manner prescribed by the Administrator from time ...to time, except that no withdrawals shall be permitted for such purpose (which the five day period immediately preceding each Purchase Date, or as may be similar to the form attached hereto as Exhibit B), or (ii) following an electronic or other withdrawal procedure determined specified by the Administrator. Administrator in its discretion. All of the Participant's Contributions payroll deductions credited to his or her account will shall, at the discretion of the Administrator, (i) be retained in the Participant's account and used to purchase Shares at the next Purchase Date, or (ii) be paid to such Participant promptly as soon as reasonably practicable after receipt of notice of withdrawal and such Participant's option purchase right for the Offering Period will shall be automatically terminated, terminated automatically, and no further Contributions payroll deductions for the purchase of shares will Shares shall be made for such Offering Period. If a Participant withdraws from an Offering Period, Contributions will payroll deductions shall not resume at the beginning of the succeeding Offering Period, Period unless he or she satisfactorily completes the Participant re-enrolls process to re-enroll in the Plan in accordance with as prescribed by the provisions of Section 5. (b)A Administrator from time to time. (b) A Participant's withdrawal from an Offering Period will shall not have any effect upon his or her eligibility to participate in any similar plan that may hereafter be adopted by the Company or in succeeding Offering Periods that Offerings which commence after the termination of the Offering Period from which the Participant withdraws. he or she has withdrawn. View More

Withdrawal. (a)A Participant (a) At any time prior to the Exercise Date, a Participant, by giving written notice to the Company (or its designated third-party stock plan administrator) in a form acceptable to the Committee, may withdraw all but not less than all of the Contributions payroll deductions credited to his or her account and not yet used to exercise his or her an option under the Plan at any time by (i) submitting to the Company's stock administration office (or its designee) a written notice of ...withdrawal in the form determined by the Administrator for such purpose (which may be similar to the form attached hereto as Exhibit B), or (ii) following an electronic or other withdrawal procedure determined by the Administrator. Plan. All of the Participant's Contributions payroll deductions credited to his or her account will during the Offering Period, plus any balance retained in his account from a prior Offering Period, if any, shall be paid to such Participant promptly as soon as reasonably practicable after receipt of notice of withdrawal withdrawal, and such Participant's option for the Offering Period will shall be automatically terminated, and no further Contributions payroll deductions for the purchase of shares will Stock shall be made for such Offering Period. If a Participant withdraws from an Offering Period, Contributions will payroll deductions shall not resume at the beginning of the succeeding any subsequent Offering Period, Period unless the Participant re-enrolls in delivers to the Plan Company (or its designated third-party stock plan administrator) a new subscription agreement in accordance with the provisions terms of Section 5. (b)A 5(a) hereof. (b) A Participant's withdrawal from an Offering Period will shall not have any effect upon his or her eligibility to participate in any similar plan that which may hereafter be adopted by the Company or in succeeding Offering Periods that which commence after the termination of the Offering Period from which the Participant withdraws. View More

Withdrawal. (a)A (a) A Participant may decide not to purchase Shares on a given Purchase Date and opt to withdraw all all, but not less than all all, the Contributions payroll deductions or contributions credited to his or her account and not yet used to exercise his or her option purchase Shares under the Plan at any time by (i) submitting to the Company's stock administration office (or its designee) giving notice in a written notice of withdrawal in the form determined or manner prescribed by the Adminis...trator from time to time, except that no withdrawals shall be permitted for such purpose (which may be similar to the form attached hereto as Exhibit B), or (ii) following an electronic ten (10) day period immediately preceding each Purchase Date, or other withdrawal procedure determined time period specified by the Administrator. Administrator in its discretion. All of the Participant's Contributions payroll deductions or contributions credited to his or her account will shall, at the discretion of the Administrator, (i) be retained in Participant's account and used to purchase Shares at the next Purchase Date, or (ii) be paid to such Participant promptly as soon as reasonably practicable after receipt of notice of withdrawal and such Participant's option purchase right for the Offering Period will shall be automatically terminated, terminated automatically, and no further Contributions payroll deductions or contributions for the purchase of shares will Shares shall be made for such Offering Period. If a Participant withdraws from an Offering Period, Contributions will payroll deductions or contributions shall not resume at the beginning of the succeeding Offering Period, Period unless he or she satisfactorily completes the Participant re-enrolls process to re-enroll in the Plan in accordance with as prescribed by the provisions of Section 5. (b)A Administrator from time to time. 6 (b) A Participant's withdrawal from an Offering Period will shall not have any effect upon his or her eligibility to participate in any similar plan that may hereafter be adopted by the Company or in succeeding Offering Periods that Offerings which commence after the termination of the Offering Period from which the Participant withdraws. he or she has withdrawn. View More

Withdrawal. (a)A 12.1 Withdrawal Procedures. A Participant may withdraw all but not less than all the Contributions credited to his or her account and not yet used to exercise his or her option under the Plan at any time by (i) (a) submitting to the Company's stock administration office Stock Administration Team (or its designee) a written notice of withdrawal in the form determined by the Administrator for such purpose (which may be similar to the form attached hereto as Exhibit B), or (ii) (b) following a...n electronic or other withdrawal procedure determined by the Administrator. The Administrator may set forth a deadline of when a withdrawal must occur to be effective prior to a given Exercise Date in accordance with policies it may approve from time to time. All of the Participant's Contributions credited to his or her account will be paid to such Participant promptly as soon as administratively practicable after receipt of notice of withdrawal and such Participant's option for the Offering Period will be automatically terminated, and no further Contributions for the purchase of shares of Common Stock will be made for such Offering Period. If a Participant withdraws from an Offering Period, Contributions will not resume at the beginning of the succeeding Offering Period, unless the Participant re-enrolls in the Plan in accordance with the provisions of Section 5. (b)A 7. 12.2 No Effect on Future Participation. A Participant's withdrawal from an Offering Period will not have any effect upon his or her eligibility to participate in any similar plan that may hereafter be adopted by the Company or in succeeding Offering Periods that commence after the termination of the Offering Period from which the Participant withdraws. -13- 13. 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, and such Participant's option will be automatically terminated. Unless determined otherwise by the Administrator in a manner that, with respect to an Offering under the 423 Component, is permitted by, and compliant with, Code Section 423, 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 Code Section 423; further, no Participant will be deemed to switch from an Offering under the Non-423 Component to an Offering under the 423 Component or vice versa unless (and then only to the extent) such switch would not cause the 423 Component or any option thereunder to fail to comply with Code Section 423. View More

Withdrawal. (a)A 12.1 Withdrawal Procedures. A Participant may withdraw all but not less than all the Contributions credited to his or her account and not yet used to exercise his or her option under the Plan at any time by (i) (a) submitting to the Company's stock administration office (or its designee) a written notice of withdrawal in the form determined by the Administrator for such purpose (which may be similar to the form attached hereto as Exhibit B), or (ii) (b) following an electronic or other with...drawal procedure determined by the Administrator. The Administrator may set forth a deadline of when a withdrawal must occur to be effective prior to a given Exercise Date in accordance with policies it may approve from time to time. All of the Participant's Contributions credited to his or her account will be paid to such Participant promptly as soon as administratively practicable after receipt of notice of withdrawal and such Participant's option for the Offering Period will be automatically terminated, and no further Contributions for the purchase of shares will be made for such Offering Period. If a Participant withdraws from an Offering Period, Contributions will not resume at the beginning of the succeeding Offering Period, unless the Participant re-enrolls in the Plan in accordance with the provisions of Section 5. (b)A 7. 12.2 No Effect on Future Participation. A Participant's withdrawal from an Offering Period will not have any effect upon his or her eligibility to participate in any similar plan that may hereafter be adopted by the Company or in succeeding Offering Periods that commence after the termination of the Offering Period from which the Participant withdraws. -12- 13. 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, and such Participant's option will be automatically terminated. Unless determined otherwise by the Administrator in a manner that, with respect to an Offering under the 423 Component, is permitted by, and compliant with, Code Section 423, 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 Code Section 423; further, no Participant will be deemed to switch from an Offering under the Non-423 Component to an Offering under the 423 Component or vice versa unless (and then only to the extent) such switch would not cause the 423 Component or any option thereunder to fail to comply with Code Section 423. View More

Withdrawal. (a)A (a) A Participant may withdraw all but not less than all the Contributions credited to his or her account and not yet used to exercise his or her option under the Plan at any time by (i) submitting to the Company's stock administration office (or its designee) a written notice of withdrawal in the form determined by the Administrator for such purpose (which may be similar to the form attached hereto as Exhibit B), C), or (ii) following an electronic or other withdrawal procedure determined ...by the Administrator. The Administrator may set forth a deadline of when a withdrawal must occur to be effective prior to a given Exercise Date in accordance with policies it may approve from time to time. All of the Participant's Contributions credited to his or her account will be paid to such Participant promptly after receipt of notice of withdrawal and such Participant's option for the Offering Period will be automatically terminated, and no further Contributions for the purchase of shares will be made for such Offering Period. If a Participant withdraws from an Offering Period, Contributions will not resume at the beginning of the succeeding Offering Period, unless the Participant re-enrolls in the Plan in accordance with the provisions of Section 5. (b)A (b) A Participant's withdrawal from an Offering Period will not have any effect upon on his or her eligibility to participate in any similar plan that may hereafter be adopted by the Company or in succeeding Offering Periods that commence after the termination of the Offering Period from which the Participant withdraws. The Committee, in its sole discretion, may impose limits on the number of withdrawals and re-enrollments a Participant may engage in. 12 12. 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 16, and such Participant's option will be automatically terminated. Unless determined otherwise by the Administrator in a manner that, with respect to an Offering under the 423 Component, is permitted by, and compliant with, Section 423 of the Code, 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 shall not be treated as terminated under the Plan; however, no Participant shall be deemed to switch from an Offering under the Non-423 Component to an Offering under the 423 Component or vice versa unless (and then only to the extent) such switch would not cause the 423 Component or any Option thereunder to fail to comply with Section 423 of the Code. The Administrator may establish different and/or additional rules governing transfers between separate Offerings within the 423 Component and between Offerings under the 423 Component and Offerings under the Non-423 Component. View More

Withdrawal. (a)A (a) A Participant may withdraw all but not less than all the Contributions credited to his or her account and not yet used to exercise his or her option under the Plan at any time by (i) submitting to the Company's stock administration office (or its designee) a written notice of withdrawal in the form determined by the Administrator for such purpose (which may be similar to the form attached hereto as Exhibit B), or (ii) following an electronic or other withdrawal procedure determined by t...he Administrator. The Administrator may set forth a deadline of when a withdrawal must occur to be effective prior to a given Exercise Date in accordance with policies it may approve from time to time. All of the Participant's Contributions credited to his or her account will be paid to such Participant promptly as soon as administratively practicable after receipt of notice of withdrawal and such Participant's option for the Offering Period will be automatically terminated, and no further Contributions for the purchase of shares of Common Stock will be made for such Offering Period. If a Participant withdraws from an Offering Period, Contributions will not resume at the beginning of the succeeding Offering Period, unless the Participant re-enrolls in the Plan in accordance with the provisions of Section 5. (b)A (b) A Participant's withdrawal from an Offering Period will not have any effect upon on his or her eligibility to participate in any similar plan that may hereafter be adopted by the Company or in succeeding Offering Periods that commence after the termination of the Offering Period from which the Participant withdraws. 10 11. 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 determined otherwise by the Administrator in a manner that, with respect to an Offering under the 423 Component, is permitted by, and compliant with, Code Section 423, 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; further, no Participant will be deemed to switch from an Offering under the Non-423 Component to an Offering under the 423 Component or vice versa unless (and then only to the extent) such switch would not cause the 423 Component or any option thereunder to fail to comply with Code Section 423. View More

Withdrawal. (a)A Participant (a) At any time prior to the Exercise Date, a Participant, by giving written notice to the Company (or its designated third-party stock plan administrator) in a form acceptable to the Committee, may withdraw all but not less than all of the Contributions payroll deductions credited to his or her such Participant's account and not yet used to exercise his or her option an Option under the Plan at any time by (i) submitting to the Company's stock administration office (or its desi...gnee) a written notice of withdrawal in the form determined by the Administrator for such purpose (which may be similar to the form attached hereto as Exhibit B), or (ii) following an electronic or other withdrawal procedure determined by the Administrator. Plan. All of the Participant's Contributions payroll deductions credited to his or her account will during the Offering Period, plus any balance retained in his or her account from a prior Offering Period, if any, shall be paid to such Participant promptly as soon as reasonably practicable after receipt of notice of withdrawal withdrawal, and such Participant's option Option for the Offering Period will shall be automatically terminated, and no further Contributions payroll deductions for the purchase of shares will Shares shall be made for such Offering Period. If a Participant withdraws from an Offering Period, Contributions will payroll deductions shall not resume at the beginning of the succeeding any subsequent Offering Period, Period unless the Participant re-enrolls in delivers to the Plan Company (or its designated third-party stock plan administrator) a new subscription agreement in accordance with the provisions terms of Section 5. (b)A 5(a) of the Plan. (b) A Participant's withdrawal from an Offering Period will shall not have any effect upon his or her such Participant's eligibility to participate in any similar plan that which may hereafter be adopted by the Company or in succeeding Offering Periods that which commence after the termination of the Offering Period from which the Participant withdraws. View More