Common use of Continuance of Employment/Service Required; No Employment/Service Commitment Clause in Contracts

Continuance of Employment/Service Required; No Employment/Service Commitment. The Participant must remain employed by, or continue to provide services to, the Corporation or any Subsidiary through each applicable vesting date of the RSUs in order to vest in the RSUs. Employment or service for only a portion of the vesting period, even if a substantial portion, will not entitle the Participant to any proportionate vesting or avoid or mitigate a termination of rights and benefits upon or following a Termination of Service as provided in Section 3 above or under the Plan. The RSUs and the Participant’s participation in the Plan shall not create a right to continued employment or service with the Corporation or any Subsidiary nor shall it create a right to employment or be interpreted as forming an employment or services contract with the Corporation or any Subsidiary and shall not interfere with the ability of the Corporation or any Subsidiary, as applicable, to terminate the Participant’s employment or service relationship (if any) or affect the right of the Corporation or any Subsidiary to increase or decrease the Participant’s other compensation. Nothing in this Award Agreement, however, is intended to adversely affect any contractual right(s) of the Participant, independent of the RSUs and this Award Agreement, between the Participant and Corporation or any Subsidiary without his or her consent thereto.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Cti Biopharma Corp)

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Continuance of Employment/Service Required; No Employment/Service Commitment. The Participant must remain employed by, or continue to provide services to, the Corporation Company or any Subsidiary or Affiliate through each applicable vesting date of the RSUs in order to vest in the RSUs. Employment or service for only a portion of the vesting period, even if a substantial portion, will not entitle the Participant to any proportionate vesting or avoid or mitigate a termination of rights and benefits upon or following a Termination of Service as provided in Section 3 above or under the Plan. The RSUs and the Participant’s participation in the Plan shall not create a right to continued employment or service with the Corporation Company or any Subsidiary or Affiliate nor shall it create a right to employment or be interpreted as forming an employment or services contract with the Corporation Company or any Subsidiary or Affiliate and shall not interfere with the ability of the Corporation Company or any SubsidiarySubsidiary or Affiliate, as applicable, to terminate the Participant’s employment or service relationship (if any) or affect the right of the Corporation Company or any Subsidiary or Affiliate to increase or decrease the Participant’s other compensation. Nothing in this Award Agreement, however, is intended to adversely affect any contractual right(s) of the Participant, independent of the RSUs and this Award Agreement, between the Participant and Corporation Company or any Subsidiary or Affiliate without his or her consent thereto.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Cti Biopharma Corp)

Continuance of Employment/Service Required; No Employment/Service Commitment. The Participant must remain employed by, or continue to provide services to, the Corporation or any Subsidiary through each applicable vesting date of the RSUs in order to vest in the RSUsRestricted Shares. Employment or service for only a portion of the vesting period, even if a substantial portion, will not entitle the Participant to any proportionate vesting or avoid or mitigate a termination of rights and benefits upon or following a Termination of Service as provided in Section 3 above or under the Plan. The RSUs Restricted Shares and the Participant’s participation in the Plan shall not create a right to continued employment or service with the Corporation or any Subsidiary nor shall it create a right to employment or be interpreted as forming an employment or services contract with the Corporation or any Subsidiary and shall not interfere with the ability of the Corporation or any Subsidiary, as applicable, to terminate the Participant’s employment or service relationship (if any) or affect the right of the Corporation or any Subsidiary to increase or decrease the Participant’s other compensation. Nothing in this Award Agreement, however, is intended to adversely affect any contractual right(s) of the Participant, independent of the RSUs Award and this Award Agreement, between the Participant and Corporation or any Subsidiary without his or her consent thereto.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Cti Biopharma Corp)

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Continuance of Employment/Service Required; No Employment/Service Commitment. The Participant must remain employed by, or continue to provide services to, the Corporation Company or any Subsidiary or Affiliate through each applicable vesting date of the RSUs in order to vest in the RSUsRestricted Shares. Employment or service for only a portion of the vesting period, even if a substantial portion, will not entitle the Participant to any proportionate vesting or avoid or mitigate a termination of rights and benefits upon or following a Termination of Service as provided in Section 3 above or under the Plan. The RSUs Restricted Shares and the Participant’s participation in the Plan shall not create a right to continued employment or service with the Corporation Company or any Subsidiary or Affiliate nor shall it create a right to employment or be interpreted as forming an employment or services contract with the Corporation Company or any Subsidiary or Affiliate and shall not interfere with the ability of the Corporation Company or any SubsidiarySubsidiary or Affiliate, as applicable, to terminate the Participant’s employment or service relationship (if any) or affect the right of the Corporation Company or any Subsidiary or Affiliate to increase or decrease the Participant’s other compensation. Nothing in this Award Agreement, however, is intended to adversely affect any contractual right(s) of the Participant, independent of the RSUs Award and this Award Agreement, between the Participant and Corporation Company or any Subsidiary or Affiliate without his or her consent thereto.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Cti Biopharma Corp)

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