Common use of Discontinuing Payroll Deductions Clause in Contracts

Discontinuing Payroll Deductions. If a Participant wishes to discontinue employee contributions entirely, he or she may do so by withdrawing from the Plan pursuant to Section 6(a). In addition, employee contributions may be discontinued automatically pursuant to Section 9(b).

Appears in 3 contracts

Samples: 2021 Stock Incentive Plan (Lucid Group, Inc.), 2021 Stock Incentive Plan (Lucid Group, Inc.), Stock Incentive Plan (Lucid Group, Inc.)

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Discontinuing Payroll Deductions. If a Participant wishes to discontinue employee contributions entirely, he or she the Participant may do so by withdrawing from the Plan pursuant to Section 6(a). In addition, employee contributions may be discontinued automatically pursuant to Section 9(b).

Appears in 2 contracts

Samples: Business Combination Agreement (Pathfinder Acquisition Corp), Business Combination Agreement (SC Health Corp)

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