Effective Date of Termination of Employment. Notwithstanding anything to the contrary in the Plan or the Agreement, and for purposes of clarity, any termination of employment shall be effective as of the date the Optionee’s active employment ends and shall not be extended by any statutory or common law notice period.
Appears in 3 contracts
Samples: Unit Option Agreement, Unit Option Agreement (Juniper Bond Holdings IV LLC), Unit Option Agreement (NL Coop Holdings LLC)
Effective Date of Termination of Employment. Notwithstanding anything to the contrary in the Plan or the Agreement, and for purposes of clarity, any termination of employment shall be effective as of the date the OptioneeParticipant’s active employment ends and shall not be extended by any statutory or common law notice period.
Appears in 3 contracts
Samples: Restricted Deferred Unit Award Agreement, Restricted Deferred Unit Award Agreement (Juniper Bond Holdings IV LLC), Restricted Deferred Unit Award Agreement (NL Coop Holdings LLC)
