Allocation of Employee Sample Clauses

Allocation of Employee. Related Liabilities 8 Section 2.02. Indemnification 9 Section 2.03. No Duplicate Reimbursements 9
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Allocation of Employee. Related Liabilities. 7 Section 2.02. Indemnification. 9 ARTICLE III Employees and Contractors; Employment and Collective Bargaining Agreements 9
Sample 1
Allocation of Employee. STOCK OPTION POOL ---------------------------------------- The Corporation shall reserve 10,181 shares of its capital stock which when added to the outstanding shares as of the Effective Date shall represent fifteen percent (15%) of the total issued and outstanding shares of all classes of the capital stock of the Corporation as of the Effective Date, which reserved shares shall be non-voting common stock (the "Reserve Option Pool"), for issuance in the form of stock options to be granted under and pursuant to a stock option plan or plans to be established by the Corporation to provide incentives to employees, directors, consultants and others (the "Plans"). The Chief Executive Officer of the Corporation shall recommend to the Board the allocation of the Reserve Option Pool, one-half of which shall be limited to grants to current employees, directors and consultants to the Corporation but the other one-half of which shall have no limitation respecting recipients; subject to the foregoing limitation respecting one-half of such options, the Board (or a Compensation Committee appointed by the Board) shall make all final determinations as to the grant of options from such Reserve Option Pool. Without the consent of the Board (or a Compensation Committee appointed by the Board), the Reserve Option Pool shall not be increased. Options which are granted but which are not exercised pursuant to their terms shall be cancelled; and to the extent that any shares under exercised options fail to vest as provided in the applicable Plan, such unvested shares shall be cancelled.
Sample 1

Related to Allocation of Employee

  • Compensation of Employee Employer shall pay Employee, and Employee shall accept from Employer, in full payment for Employee's services hereunder, compensation as follows:

  • Termination of Employment The Executive’s employment hereunder shall terminate under the following circumstances:

  • Separation of Employment Your employment with the Company has terminated, without cause, effective January 28, 2015 (the “Separation Date”). You understand and acknowledge that, from and after the Separation Date, you shall have no authority and shall not represent yourself as an employee or agent of the Company or any of its affiliates. Notwithstanding the foregoing, you agree that you will cooperate with the Company’s reasonable requests for information and assistance in connection with the transitioning of your duties.

  • Termination of Employees At closing the Vendor will terminate the employment of all employees to whom the Purchaser has made an offer of employment under section 8.1 and will indemnify and save harmless the Purchaser from and against all claims by any employee of the Vendor for wages, salaries, bonuses, pension or other benefits, severance pay, notice or pay in lieu of notice and holiday pay in respect of any period before closing.

  • Position of Employment Employee expressly acknowledges that the obligations contained in paragraphs 2 and 3 of this Agreement shall remain in full force and effect during Employee’s employment in any position for any Company Group member and with respect to any Confidential Information.

  • Location of Employment The Executive's principal place of business shall continue to be at the Company's headquarters to be located within thirty (30) miles of Doylestown, Pennsylvania; provided, that the Executive acknowledges and agrees that the performance by the Executive of his duties shall require frequent travel including, without limitation, overseas travel from time to time.

  • Compensation of Employees Compensate its employees for services rendered at an hourly rate at least equal to the minimum hourly rate prescribed by any applicable federal or state law or regulation.

  • Qualifying Termination of Employment A “Qualifying Termination of Employment” shall mean a termination of Executive’s employment during the Protected Period either (a) by the Company other than for Cause or (b) by Executive for a Good Reason. A termination of employment due to the Executive’s death or Disability during the Protected Period shall not constitute a Qualifying Termination of Employment.

  • Other Termination of Employment In the event of your voluntary termination (other than a Retirement subject to Section 2(c) or a Qualifying Termination subject to Section 2(f)), or termination by the Company or a subsidiary of the Company for misconduct or other conduct deemed by the Company to be detrimental to the interests of the Company or a subsidiary of the Company, you shall forfeit all unvested RSUs on the date of termination.

  • Exercise After Termination of Employment (A) Except as otherwise provided in this Agreement, the OPTION shall be exercisable only while the OPTIONEE is in the employment of the COMPANY and then only if the OPTION has become exercisable by its terms, and if not exercisable by its terms at the time the OPTIONEE ceases to be in the employment of the COMPANY, shall immediately expire on the date of termination of employment.

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