Withdrawal Clause Example with 20 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) Each Participant may withdraw from an Offering Period under this Plan pursuant to a method specified by the Company. Such withdrawal may be elected at any time prior to the end of an Offering Period, or such other time period as specified by the Committee. (b) Upon withdrawal from this Plan, the accumulated payroll deductions shall be returned to the withdrawn Participant, without interest (except to the extent required due to local legal requirements outside the United States), and his or h...er interest in this Plan shall terminate. In the event a Participant voluntarily elects to withdraw from this Plan, he or she may not resume his or her participation in this Plan during the same Offering Period, but he or she may participate in any Offering Period under this Plan which commences on a date subsequent to such withdrawal by filing a new authorization for payroll deductions in the same manner as set forth in Section 6 above for initial participation in this Plan. (c) To the extent applicable, if the Fair Market Value on the first day of the current Offering Period in which a participant is enrolled is higher than the Fair Market Value on the first day of any subsequent Offering Period, the Company will automatically enroll such participant in the subsequent Offering Period. Any funds accumulated in a participant's account prior to the first day of such subsequent Offering Period will be applied to the purchase of shares on the Purchase Date immediately prior to the first day of such subsequent Offering Period, if any.View More
Variations of a "Withdrawal" Clause from Business Contracts
Withdrawal. (a) Each Participant may withdraw from an Offering Period under this Plan pursuant to a method specified for such purpose by the Company. Such withdrawal may be elected at any time prior to the end of an Offering Period, or such other time period as specified by the Committee. (b) Upon withdrawal from this Plan, the accumulated payroll deductions shall be returned to the withdrawn Participant, without interest (except to the extent required due to local legal requirements outside the United Stat...es), and his or her interest in this Plan shall terminate. In the event a Participant voluntarily elects to withdraw from this Plan, he or she may not resume his or her participation in this Plan during the same Offering Period, but he or she may participate in any Offering Period under this Plan which commences on a date subsequent to such withdrawal by filing a new authorization for payroll deductions in the same manner as set forth in Section 6 above for initial participation in this Plan. Plan (c) To the extent applicable, if the Fair Market Value on the first day of the current Offering Period in which a participant is enrolled is higher than the Fair Market Value on the first day of any subsequent Offering Period, the Company will automatically enroll such participant in the subsequent Offering Period. Any funds accumulated in a participant's Participant's account prior to the first day of such subsequent Offering Period will be applied to the purchase of shares Shares on the Purchase Date immediately prior to the first day of such subsequent Offering Period, if any. 12. TERMINATION OF EMPLOYMENT. Termination of a Participant's employment for any reason, including retirement, death, disability, or the failure of a Participant to remain an eligible employee of the Company or of a Participating Corporation, immediately terminates his or her participation in this Plan. In such event, accumulated payroll deductions credited to the Participant's account will be returned to him or her or, in the case of his or her death, to his or her legal representative, without interest (except to the extent required due to local legal requirements outside the United States). For purposes of this Section 12, an employee will not be deemed to have terminated employment or failed to remain in the continuous employ of the Company or of a Participating Corporation in the case of sick leave, military leave, or any other leave of absence approved by the Company; provided that such leave is for a period of not more than ninety (90) days or reemployment upon the expiration of such leave is guaranteed by contract or statute. The Company will have sole discretion to determine whether a Participant has terminated employment and the effective date on which the Participant terminated employment, regardless of any notice period or garden leave required under local law. View More
Withdrawal. (a) Each Participant may withdraw from an Offering Period under this Plan pursuant to a method specified for such purpose by the Company. Such withdrawal may be elected at any time prior to the end of an Offering Period, or such other time period as specified by the Committee. (b) Upon withdrawal from this Plan, the accumulated payroll deductions Contributions shall be returned to the withdrawn Participant, without interest (except to the extent required due to local legal requirements outside t...he United States), and his or her interest in this Plan shall terminate. In the event a Participant voluntarily elects to withdraw from this Plan, he or she may not resume his or her participation in this Plan during the same Offering Period, but he or she may participate in any Offering Period under this Plan which commences on a date subsequent to such withdrawal by filing a new authorization for payroll deductions Contributions in the same manner as set forth in Section 6 above for initial participation in this Plan. (c) To the extent applicable, if the Fair Market Value on the first day of the current Offering Period in which a participant is enrolled is higher than the Fair Market Value on the first day of any subsequent Offering Period, the Company will automatically enroll such participant in the subsequent Offering Period. Any funds accumulated in a participant's account prior to the first day of such subsequent Offering Period will be applied to the purchase of shares on the Purchase Date immediately prior to the first day of such subsequent Offering Period, if any.View More
Withdrawal. (a) Each Participant participant may withdraw from an Offering a Purchase Period under this Plan pursuant to by completing a method specified notice of withdrawal (through the Company's online Plan process or in paper form if required by the Company. Such Administrator) and/or any other forms and by following any other procedures for withdrawal from the Plan as may be elected established by the Administrator, at any time least fifteen (15) business days prior to the end of an Offering Period, a ...Purchase Period or within such other time period as specified frame set forth by the Committee. Administrator. (b) Upon withdrawal from this Plan, the accumulated payroll deductions shall be returned to the withdrawn Participant, participant, without interest (except (subject to the extent required due to local legal requirements outside the United States), Section 9(e) above), and his or her interest in this Plan shall terminate. In the event a Participant participant voluntarily elects to withdraw from this Plan, he or she may not resume his or her participation in this Plan during the same Offering Period, but he or she may participate in any Offering Period under this Plan which commences on a date subsequent to such withdrawal by filing completing a new authorization for payroll deductions subscription agreement in the same manner as set forth in Section 6 above for initial participation in this Plan. (c) To the extent applicable, if If the Fair Market Value of a share of Common Stock on the first day of the current Offering Period in which a participant is enrolled is higher than the Fair Market Value of a share of Common Stock on the first day of any subsequent Offering Period, the Company will automatically enroll such participant in the subsequent Offering Period. Any funds accumulated in a participant's account prior to the first day of such subsequent Offering Period will be applied to the purchase of shares on the Purchase Date immediately prior to the first day of such subsequent Offering Period, if any. Period. A participant does not need to file any forms with the Company to be automatically enrolled in the subsequent Offering Period. View More
Withdrawal. (a) Each Participant may withdraw from an Offering Period under this Plan pursuant to a method specified for such purpose by the Company. Such withdrawal may be elected at any time prior to the end of an Offering Period, or such other time period as specified by the Committee. (b) Upon withdrawal from this Plan, the accumulated payroll deductions shall be returned to the withdrawn Participant, without interest (except to the extent required due to local legal requirements outside the United Stat...es), and his or her interest in this Plan shall terminate. In the event a Participant voluntarily elects to withdraw from this Plan, he or she may not resume his or her participation in this Plan during the same Offering Period, but he or she may participate in any Offering Period under 6 this Plan which commences on a date subsequent to such withdrawal by filing a new authorization for payroll deductions in the same manner as set forth in Section 6 above for initial participation in this Plan. (c) To the extent applicable, if the Fair Market Value on the first day of the current Offering Period in which a participant is enrolled is higher than the Fair Market Value on the first day of any subsequent Offering Period, the Company will automatically enroll such participant in the subsequent Offering Period. Any funds accumulated in a participant's account prior to the first day of such subsequent Offering Period will be applied to the purchase of shares on the Purchase Date immediately prior to the first day of such subsequent Offering Period, if any.View More
Withdrawal. (a) Each Participant may withdraw from an Offering Period under this Plan pursuant to a method specified for such purpose by the Company. Such withdrawal may be elected at any time prior to the end of an Offering Period, or such other time period as specified by the Committee. (b) Upon withdrawal from this Plan, the accumulated payroll deductions shall be returned to the withdrawn Participant, without interest (except to the extent required due to local legal requirements outside the United Stat...es), and his or her interest in this Plan shall terminate. In the event a Participant voluntarily elects to withdraw from this Plan, he or she may not resume his or her participation in this Plan during the same Offering Period, but he or she may participate in any Offering Period under this Plan which commences on a date subsequent to such withdrawal by filing a new authorization for payroll deductions in the same manner as set forth in Section 6 above for initial participation in this Plan. (c) To the extent applicable, if the Fair Market Value on the first day of the current Offering Period in which a participant is enrolled is higher than the Fair Market Value on the first day of any subsequent Offering Period, the Company will automatically enroll such participant in the subsequent Offering Period. Any funds accumulated in a participant's account prior to the first day of such subsequent Offering Period will be applied to the purchase of shares on the Purchase Date immediately prior to the first day of such subsequent Offering Period, if any.View More
Withdrawal. (a) Each Participant may withdraw from an Offering Period under this Plan pursuant to a method specified for such purpose by the Company. Such withdrawal may be elected at any time prior to the end of an Offering Period, or such other time period as specified by the Committee. (b) Upon withdrawal from this Plan, the accumulated payroll deductions Contributions shall be returned to the withdrawn Participant, without interest (except to the extent required due to local legal requirements outside t...he United States), and his or her interest in this Plan shall terminate. In the event a Participant voluntarily elects to withdraw from this Plan, he or she may not resume his or her participation in this Plan during the same Offering Period, but he or she may participate in any Offering Period under this Plan which commences on a date subsequent to such withdrawal by filing a new authorization for payroll deductions Contributions in the same manner as set forth in Section 6 above for initial participation in this Plan. Plan (c) To the extent applicable, if the Fair Market Value on the first day of the current Offering Period in which a participant Participant is enrolled is higher than the Fair Market Value on the first last day of any subsequent Offering applicable Purchase Period, (1) the Company will automatically enroll such participant withdraw the Participant from the prior Offering Period and the Participant will be automatically enrolled in a new Offering Period, (2) the subsequent old Offering Period. Any Period is terminated, (3) the new Offering Period will be coterminous with the originally scheduled termination date of the old Offering Period, unless otherwise determined by the Committee, and (4) any funds accumulated in a participant's Participant's account prior to the first day of such subsequent new Offering Period will be applied to the purchase of shares on the Purchase Date immediately prior to preceding the first day of such subsequent new Offering Period, if any. Period. View More
Withdrawal. (a) Each Participant may withdraw from an Offering Period under this Plan pursuant to a method specified for such purpose by the Company. Such withdrawal may be elected at any time prior to the end of an Offering Period, or such other time period as specified by the Committee. (b) Upon withdrawal from this Plan, the accumulated payroll deductions Contributions shall be returned to the withdrawn Participant, without interest (except to the extent required due to local legal requirements outside t...he United States), and his or her interest in this Plan shall terminate. In the event a Participant voluntarily elects to withdraw from this Plan, he or she may not resume his or her participation in this Plan during the same Offering Period, but he or she may participate in any Offering Period under this Plan which commences on a date subsequent to such withdrawal by filing a new authorization for payroll deductions Contributions in the same manner as set forth in Section 6 above for initial participation in this Plan. Plan (c) To the extent applicable, if the Fair Market Value on the first day of the current Offering Period in which a participant Participant is enrolled is higher than the Fair Market Value on the first last day of any subsequent Offering applicable Purchase Period, (1) the Company will automatically enroll such participant withdraw the Participant from the prior Offering Period and the Participant will be automatically enrolled in a new Offering Period, (2) the subsequent old Offering Period. Any Period is terminated and (3) any funds accumulated in a participant's Participant's account prior to the first day of such subsequent new Offering Period will be applied to the purchase of shares on the Purchase Date immediately prior to preceding the first day of such subsequent new Offering Period, if any. Period. View More
Withdrawal. (a) Each Participant may withdraw from an Offering Period under this Plan pursuant to a method specified by the Company. Such withdrawal may be elected at any time prior to the end of an Offering Period, or such other time period as specified by the Committee. The Committee may set forth a deadline of when a withdrawal must occur to be effective prior to a given Purchase Date in accordance with policies it may approve from time to time. (b) Upon withdrawal from this Plan, the accumulated payroll... deductions shall will be returned to the withdrawn Participant, without interest (except to the extent required due to local legal requirements outside the United States), and his or her interest in this Plan shall will terminate. In the event a Participant voluntarily elects to withdraw from this Plan, he or she may not resume his or her participation in this Plan during the same Offering Period, but he or she may participate in any Offering Period under this Plan which commences on a date subsequent to such withdrawal by filing a new authorization for payroll deductions in the same manner as set forth in Section 6 above for initial participation in this Plan. (c) To the extent applicable, applicable in the event of an Offering Period that includes multiple Purchase Periods, if the Fair Market Value on the first day of the current Offering Period in which a participant Participant is enrolled is higher than the Fair Market Value on the first day of any subsequent Offering Period, applicable Purchase Date, the Company will automatically withdraw the Participant from the current Offering Period enroll such participant Participant in the subsequent Offering Period. Any funds accumulated in a participant's Participant's account prior to the first day of such subsequent Offering Period will be applied to the purchase of shares on the Purchase Date immediately prior to next following the first day of such subsequent Offering Period, if any. Period. View More
Withdrawal. (a) a) Each Participant participant may withdraw from an Offering Period under this Plan pursuant by signing and delivering to the Company a method specified by the Company. written notice to that effect on a form provided for such purpose. Such withdrawal may be elected at any time prior to the end of an Offering Period, or such other time period as specified by the Committee. (b) b) Upon withdrawal from this Plan, the accumulated payroll deductions shall be returned to the withdrawn Participan...t, participant, without interest (except to the extent required due to local legal requirements outside the United States), interest, and his or her interest in this Plan shall terminate. In the event a Participant participant voluntarily elects to withdraw from this Plan, he or she may not resume his or her participation in this Plan during the same Offering Period, but he or she may participate in any Offering Period under this Plan which commences on a date subsequent to such withdrawal by filing a new authorization for payroll deductions in the same manner as set forth in Section 6 7 above for initial participation in this Plan. (c) To c) If the extent applicable, if the Fair Market Value fair market value on the first day of the current Offering Period in which a participant is enrolled is higher than the Fair Market Value fair market value on the first day of any subsequent Offering Period, the Company will shall automatically enroll such participant in the subsequent Offering Period. Any funds accumulated in a participant's account prior to the first day of such subsequent Offering Period will shall be applied to the purchase of shares on the Purchase Date immediately prior to the first day of such subsequent Offering Period, if any. View More
Withdrawal. (a) Each Participant may withdraw from an Offering Period under this Plan pursuant to a method specified by the Company. Such withdrawal may be elected at any time prior to the end of an Offering Period, or such other time period as specified by the Committee. The Committee may set forth a deadline of when a withdrawal must occur to be effective prior to a given Purchase Date in accordance with policies it may approve from time to time. (b) Upon withdrawal from this Plan, the accumulated payroll... deductions shall will be returned to the withdrawn Participant, without interest (except to the extent required due to local legal requirements outside the United States), and his or her interest in this Plan shall will terminate. In the event a Participant voluntarily elects to withdraw from this Plan, he or she may not resume his or her participation in this Plan during the same Offering Period, but he or she may participate in any Offering Period under this Plan which commences on a date subsequent to such withdrawal by filing a new authorization for payroll deductions in the same manner as set forth in Section 6 above for initial participation in this Plan. 7 (c) To the extent applicable, if the Fair Market Value on the first day of the current Offering Period in which a participant Participant is enrolled is higher than the Fair Market Value on the first last day of any subsequent Offering applicable Purchase Period, the Company will automatically withdraw the Participant from the current Offering Period and enroll such participant Participant in the subsequent Offering Period. Any funds accumulated in a participant's Participant's account prior to the first day of such subsequent Offering Period will be applied to the purchase of shares on the Purchase Date immediately prior to preceding the first day of such subsequent Offering Period, if any. View More
