Withdrawal Clause Example with 66 Variations from Business Contracts

This page contains Withdrawal 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. (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 the Adm...inistrator. 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 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. View More Arrow

Variations of a "Withdrawal" Clause from Business Contracts

Withdrawal. (a)A Subject to applicable securities law restrictions and the Company's policies (e.g., the Company's insider trading policy), a Participant may withdraw all but not less than all the Contributions payroll deductions credited to his or her account Account and not yet used to exercise his or her option Option under the Plan at any time by (i) submitting least five (5) days prior to the Company's stock administration office (or its designee) Exercise Date by giving a written notice Notice of with...drawal Withdrawal to the Company or the Designated Agent in the form determined by the Administrator for such purpose (which may be similar of Exhibit B to the form attached hereto as Exhibit B), or (ii) following an electronic or other withdrawal procedure determined by the Administrator. this Plan. All of the Participant's Contributions payroll deductions credited to his or her account will Account shall be paid to such Participant promptly as soon as practicable after receipt of notice the 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 shall be made for such Offering Period. If a 8 Participant withdraws from an Offering Period, Contributions will payroll deductions shall not resume at the beginning of the succeeding Offering Period, Period unless the Participant re-enrolls in delivers to the Plan in accordance with the provisions of Section 5. (b)A Company a new Subscription Agreement. 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 Arrow
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 Account and not yet used to exercise his or her option under the Plan at any time by (i) submitting giving written notice to the Company's stock administration office (or its designee) a written Company in such form and manner as the Administrator may prescribe, provided notice of withdrawal must be given no later than three (3) business days prior to the ...Exercise Date or such payroll deductions will be used to purchase shares on the Exercise Date 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. ordinary course. All of the Participant's Contributions participant's payroll deductions credited to his or her account will Account shall 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 shall be automatically terminated, and no further Contributions payroll deductions for the purchase of shares will shall be made for such Offering Period. Any shares of Common Stock held in the participant's Account as of the date of his or her withdrawal shall remain in his or her Account in accordance with Section 11 hereof. If a Participant participant withdraws from an Offering Period, Contributions will payroll deductions shall not resume at the beginning of the succeeding Offering Period, Period unless the Participant re-enrolls in participant delivers to the Plan in accordance with the provisions of Section 5. (b)A Participant's Company a new Subscription Agreement. (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 participant withdraws. View More Arrow
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 time by (i) submitting giving written notice to the Company's stock administration office (or its designee) a written notice of withdrawal Company in the such form determined approved 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. Committee. All of the Participant's Contributions participant's payroll deductions credited to his or her account will shall be paid to such Participant promptly participant after receipt of notice of withdrawal as soon as administratively practicable and such Participant's participant's option for the Offering Period will shall be automatically terminated, and no further Contributions terminated. Payroll deductions for the purchase of shares will be made for such during the Offering Period. Period shall cease as soon as administratively practicable. If a Participant participant withdraws from an Offering Period, Contributions will payroll deductions shall not resume at the beginning of the succeeding Offering Period, Period unless the Participant re-enrolls in participant delivers to the Plan in accordance with the provisions of Section 5. (b)A Participant's Company a new subscription agreement. (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 participant withdraws. View More Arrow
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 time 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 Administrator Company for such purpose (which may be similar to the form attached hereto as Exhibit B), purpose, or (ii) fo...llowing 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 (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. View More Arrow
Withdrawal. (a)A Participant (a) Under procedures established by the Administrator, 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 purchase right under the Plan at any time 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 Administrator for such purpose (which may be similar to t...he form attached hereto as Exhibit B), purpose, or (ii) following an electronic or other withdrawal procedure determined prescribed by the Administrator. All of the Participant's Contributions participant's payroll deductions credited to his or her account will shall be paid to such Participant participant as promptly as practicable after receipt the effective date of notice of his or her withdrawal and such Participant's option participant's purchase right for the Offering Period will shall be automatically terminated, and no further Contributions payroll deductions for the purchase of shares will shall be made for the Purchase Interval then in progress and, unless the Employee again enrolls in the Plan in accordance with Section 4, no further payroll deductions for the purchase of shares shall be made for such Offering Period. If a Participant participant withdraws from an Offering Period, Contributions will payroll deductions shall not resume at the beginning of any future Purchase Interval in that Offering Period or in the succeeding Offering Period, Period unless the Participant Employee re-enrolls in the Plan in accordance with the provisions of Section 5. (b)A Participant's 4. (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 commence after the termination of the Offering Period from which the Participant participant withdraws. View More Arrow
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 time by (i) submitting giving written notice to Plan Administrator which is received at least ten (10) days prior to the Company's stock administration office Exercise Date (or its designee) a written such other notice of withdrawal in the form determined period as may be established by t...he Plan Administrator for such purpose (which may be similar from time to the form attached hereto as Exhibit B), or (ii) following an electronic or other withdrawal procedure determined by the Administrator. time in its sole discretion). All of the Participant's Contributions participant's payroll deductions credited to his or her account will shall 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 shall be automatically terminated, and no further Contributions payroll deductions for the purchase of shares will shall be made for such Offering Period. If a Participant participant withdraws from an Offering Period, Contributions will payroll deductions shall not resume at the beginning of the succeeding Offering Period, Period unless the Participant re-enrolls in participant delivers to the Plan in accordance with the provisions of Section 5. (b)A Participant's Administrator a new Authorization Form. (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 commence after the termination of the Offering Period from which the Participant participant withdraws. View More Arrow
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 time by (i) submitting giving written notice to the Company's stock administration office Plan Administrator which is received at least ten (10) days prior to the Exercise Date (or its designee) a written such other notice of withdrawal in the form determined period as may be established ...by the Plan Administrator for such purpose (which may be similar from time to the form attached hereto as Exhibit B), or (ii) following an electronic or other withdrawal procedure determined by the Administrator. time in its sole discretion). All of the Participant's Contributions participant's payroll deductions credited to his or her account will shall 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 shall be automatically terminated, and no further Contributions payroll deductions for the purchase of shares will shall be made for such Offering Period. If a Participant participant withdraws from an Offering Period, Contributions will payroll deductions shall not resume at the beginning of the succeeding Offering Period, Period unless the Participant re-enrolls in participant timely delivers to the Plan in accordance with the provisions of Section 5. (b)A Participant's Administrator a new Authorization Form for that Offering Period. (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 commence after the termination of the Offering Period from which the Participant participant withdraws. View More Arrow
Withdrawal. (a)A Participant (a) A participant 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 option under the Plan at any time by (i) submitting giving written notice to the Company's stock administration office (or its designee) Company in a written notice of withdrawal in the form determined by the Administrator for such purpose (which may be similar acceptable to the form attached hereto as Exhibit B),... or (ii) following an electronic or other withdrawal procedure determined by the Administrator. All of the Participant's Contributions participant's payroll deductions credited to his or her account will during the Offering Period shall be paid to such Participant promptly participant as soon as reasonably practicable after receipt of notice of withdrawal and such Participant's participant's option for the Offering Period will shall be automatically terminated, and no further Contributions payroll deductions for the purchase of shares will shall be made for such Offering Period. If a Participant participant withdraws from an Offering Period, Contributions will payroll deductions shall not resume at the beginning of the succeeding Offering Period, Period unless the Participant re-enrolls in participant delivers to the Plan in accordance with the provisions of Section 5. (b)A Participant's Company a new subscription agreement. (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 participant withdraws. View More Arrow
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 prior to the last thirty (30) days of the applicable Offering Period 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. Administrator; provided, that a Participant may not withdraw during any blackout period applicable to such Participant. All of the Participant's Contributions credited to his or her account will be paid to such Participant promptly and as soon as administratively feasible after receipt of notice of withdrawal by the Company's stock administration office (or its designee) 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 by submitting a subscription agreement to the provisions Company's designated third-party broker/plan administrator prior to the commencement of Section 5. (b)A such succeeding Offering Period. (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 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. 8 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 of the Plan, 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; provided, however, that 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. View More Arrow
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 time by (i) submitting giving written notice to the Company's stock administration office (or its designee) a written notice of withdrawal Company in the form determined by the Administrator for such purpose (which may be similar of Exhibit B to the form attached hereto as Exhibit B), or ...(ii) following an electronic or other withdrawal procedure determined by the Administrator. this Plan. All of the Participant's Contributions participant's payroll deductions credited to his or her account will shall 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 shall be automatically terminated, and no further Contributions payroll deductions for the purchase of shares will shall be made for such Offering Period. If a Participant participant withdraws from an Offering Period, Contributions will payroll deductions shall not resume at the beginning of the succeeding Offering Period, Period unless the Participant re-enrolls in participant delivers to the Plan in accordance with the provisions of Section 5. (b)A Participant's Company a new subscription agreement. (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 participant withdraws. View More Arrow