Common use of Employment by the Company Clause in Contracts

Employment by the Company. The Restricted Stock granted hereunder is awarded on the condition that Grantee remain in the employ of the Company from the Date of Grant through (and including) the Date of Lapse of Restrictions, as specified above (this time period is referred to as the “Restriction Period”). However, neither such condition nor the award of the Restricted Stock shall impose upon the Company any obligation to retain Grantee in its employ for any given period or upon any specific terms of employment.

Appears in 4 contracts

Samples: Restricted Stock Agreement (Schweitzer Mauduit International Inc), Restricted Stock Agreement (Schweitzer Mauduit International Inc), Restricted Stock Agreement (Schweitzer Mauduit International Inc)

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Employment by the Company. The Restricted Stock granted issued hereunder (the “Restricted Stock”) is awarded on the condition that Grantee remain in the employ of continuous employment with the Company or its Subsidiaries and Affiliates from the Date of Grant through (and including) the Date of Lapse of Restrictions, as specified Restrictions set forth above (this time period is referred to as the “Restriction Period”). However, neither such condition nor the award of the Restricted Stock award shall impose upon the Company any obligation to retain Grantee in its employ for any given period or upon any specific terms of employment.

Appears in 3 contracts

Samples: Restricted Stock Award Agreement (Schweitzer Mauduit International Inc), Restricted Stock Award Agreement (Schweitzer Mauduit International Inc), Restricted Stock Award Agreement (Schweitzer Mauduit International Inc)

Employment by the Company. The Restricted Stock granted hereunder is awarded on the condition that Grantee remain in the employ of the Company from the Date of Grant through (and including) the Date of Lapse of RestrictionsVesting Date, as specified above (this time period is referred to as the “Restriction Period”)above. However, neither such condition nor the award of the Restricted Stock shall impose upon the Company any obligation to retain Grantee in its employ for any given period or upon any specific terms of employment.

Appears in 2 contracts

Samples: Restricted Stock Agreement (Schweitzer Mauduit International Inc), Restricted Stock Agreement (Schweitzer Mauduit International Inc)

Employment by the Company. The Restricted Stock granted hereunder is awarded on the condition that Grantee remain in the employ of the Company from the Date of Grant through (and including) the Date of Lapse of Restrictions, as specified above (this time period is referred to as the “Restriction Period”)above. However, neither such condition nor the award of the Restricted Stock shall impose upon the Company any obligation to retain Grantee in its employ for any given period or upon any specific terms of employment.

Appears in 2 contracts

Samples: Restricted Stock Agreement (Schweitzer Mauduit International Inc), Restricted Stock Agreement (Schweitzer Mauduit International Inc)

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Employment by the Company. The Restricted Stock granted hereunder is awarded on the condition that Grantee remain in the employ of the Company from the Date of Grant through (and including) the Date of Lapse of Restrictions, as specified above (this time period is referred to herein as the “Restriction Period”). However, neither such condition nor the award of the Restricted Stock shall impose upon the Company any obligation to retain Grantee in its employ for any given period or upon any specific terms of employment.

Appears in 2 contracts

Samples: Restricted Stock Agreement (Schweitzer Mauduit International Inc), Restricted Stock Agreement (Schweitzer Mauduit International Inc)

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