Common use of Grant Not to Affect Employment Clause in Contracts

Grant Not to Affect Employment. The Performance Stock Units and Dividend Equivalent Rights granted hereunder and Shares issued in settlement of the Performance Stock Units and Dividend Equivalent Rights shall not confer upon the Grantee any right to continue in the employment of the Company or its subsidiaries or Affiliates.

Appears in 4 contracts

Samples: Performance Stock Unit Agreement (Portland General Electric Co /Or/), Performance Stock Unit Agreement (Portland General Electric Co /Or/), Performance Stock Unit Agreement (Portland General Electric Co /Or/)

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