No Change in Employment Status Sample Clauses

No Change in Employment Status. Nothing in the Agreement shall alter, in any way, Participant’s employment status with the Company, nor shall anything in this Agreement confer upon the Participant any right to continue in the employ of the Company or any of its subsidiaries or interfere in any way with the rights of the Company to change or terminate the employment of the Participant. Designation as a Participant pursuant to this Agreement will not confer any right on the Participant to be designated as a Participant in the future. This paragraph shall not change the terms and conditions of any employment agreement in effect between the Participant and the Company.
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No Change in Employment Status. Nothing in this Agreement shall ------------------------------ change Executive's employment status with Bank. Unless otherwise expressly provided in a separate written agreement, (i) this Agreement shall not alter Executive's "at will" employment relationship with Bank and (ii) either Executive or Bank may terminate Executive's employment at any time with or without notice and with or without cause.
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No Change in Employment Status. Subject only to the provisions of Sections 2, 3 and 4 above, Employee's employment is and shall continue to be at-will, as defined under applicable law, and may be terminated by either party for any reason and at any time during the term of this Agreement or thereafter.
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No Change in Employment Status. The terms and conditions of the Executive’s employment with the Employer (or any affiliate) is not modified or in any way affected by this Agreement.
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No Change in Employment Status. This Agreement and the payment of the Retention Bonus are not a contract or guarantee of employment with Constellation Canada and they are not intended to change the Employee’s employment status in any manner.
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No Change in Employment Status. I acknowledge and agree that nothing contained herein alters my status as an at-will employee of the Company. Consequently, my employment relationship with the Company may be terminated at any time for any reason by me or by the Company.
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No Change in Employment Status. Nothing in this Agreement shall change ------------------------------ Key Employee's employment status with FMI. Unless otherwise expressly provided in a separate written agreement, (i) this Agreement shall not alter Key Employee's "at will" employment relationship with FMI and (ii) either Key Employee or FMI may terminate Key Employee's employment at any time with or without notice and with or without cause, subject only to the payment obligations or forfeitures contemplated by this Agreement.
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No Change in Employment Status. Notwithstanding anything contained herein to the contrary, nothing contained in this Section 8 or --------- elsewhere in this Agreement shall be construed as requiring Acquiror or Surviving Entity to continue employment following the Closing of any Continuing Employee or other employee or otherwise be construed as modifying such employee's "at will" status.
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No Change in Employment Status. I acknowledge and agree that nothing ------------------------------ contained herein alters my status as an at-will employee of the Company. Consequently, my employment relationship with the Company may be terminated at any time for any reason by me or by the Company. Date: January 15, 2001 Signature of Employee: /s/ Xxxx X. Xxxxxxxxxx ------------------------ You must return the original of this signed and dated Agreement, along with -------- Exhibit A, to your HR Director. Retain a copy for your files. If you have any questions or for some reason are unable to sign and return this Agreement, please contact your HR Director. EXHIBIT A List of Prior Inventions and Original Works of Authorship Title Date Identifying Number or Brief Description ----- ---- --------------------------------------- ____ No inventions or improvements ____ Additional Sheets Attached
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Related to No Change in Employment Status

  • Employment After a Change in Control If a Change in Control of the Company (as defined in Section 12) occurs during the Change in Control Period and the Executive is employed by the Company on the date the Change in Control occurs (the “Change in Control Date”), the Company will continue to employ the Executive in accordance with the terms and conditions of this Agreement for the period beginning on the Change in Control Date and ending on the third anniversary of such date (the “Employment Period”). If a Change in Control occurs on account of a series of transactions, the Change in Control Date is the date of the last of such transactions.

  • Rights in Event of Termination of Employment Absent Change in Control (a) In the event that Executive's employment is involuntarily terminated by HMS without Cause and no Change in Control shall have occurred as of the date of such termination, upon execution of a mutual release, HMS will provide Executive with the following pay and benefits: (i) a payment in an amount equal to the greater of: that portion of the Executive’s Agreed Compensation for the then existing Employment Period that has not been paid to Executive as of the date his employment terminates, or 1.0 times the Executive’s Agreed Compensation. Such amount shall be payable in twelve (12) equal monthly installments; and (ii) subject to plan terms, Executive’s continued participation in HMS's employee benefit plans for twelve (12) months or until Executive secures substantially similar benefits through other employment, whichever shall first occur. If Executive is no longer eligible to participate in an employee benefit plan because he is no longer an employee, HMS will pay Executive the amount of money that it would have cost HMS to provide the benefits to Executive. However, in the payments described herein, when added to all other amounts or benefits provided to or on behalf of the Executive in connection with his termination of employment, would result in the imposition of an excise tax under Code Section 4999, such payments shall be retroactively (if necessary) reduced to the extent necessary to avoid such imposition. Upon written notice to Executive, together with calculations of HMS's independent auditors, Executive shall remit to HMS the amount of the reduction plus such interest as may be necessary to avoid the imposition of such excise tax. Notwithstanding the foregoing or any other provision of this Agreement to the contrary, if any portion of the amount herein payable to the Executive is determined to be non-deductible pursuant to the regulations promulgated under Section 280G of the Code, then HMS shall be required only to pay to Executive the amount determined to be deductible under Section 280G.

  • Termination of Employment; Change in Control (i) For purposes of the grant hereunder, any transfer of employment by the Optionee among the Corporation and the Subsidiaries shall not be considered a termination of employment. If the Optionee's employment with the Corporation is terminated for Cause (as defined in the last Section hereof), the Option, whether or not then vested, shall be automatically terminated as of the date of such termination of employment. If the Optionee's employment with the Corporation shall terminate other than by reason of Retirement (as defined in the last Section hereof), Disability (as defined in the last Section hereof), death or Cause, the Option (to the extent then vested) may be exercised at any time within ninety (90) days after such termination (but not beyond the Term of the Option). The Option, to the extent not then vested, shall immediately expire upon such termination. If the Optionee dies or becomes Disabled (A) while employed by the Corporation or (B) within 90 days after the termination of his or her employment other than for Cause or Retirement, the Option (to the extent then vested) may be exercised at any time within one year after the Optionee's death or Disability (but not beyond the Term of the Option). The Option, to the extent not then vested, shall immediately expire upon such death or disability. If the Optionee's employment terminates by reason of Retirement, the Option shall (A) become fully and immediately vested and exercisable and (B) remain exercisable for three years from the date of such Retirement (but not beyond the Term of the Option).

  • Employment Status Termination Following Change in Control (a) No benefits shall be payable under this Agreement unless there has been a Change in Control of the Company during the Term. You acknowledge that this Agreement does not constitute a contract of employment or impose on the Company any obligation to retain you as an employee. You may terminate your employment at any time, with or without Good Reason. If your employment with the Company terminates for any reason and subsequently a Change in Control shall have occurred, you shall not be entitled to any benefits hereunder.

  • Termination of Employment Change of Control (a) In the event of the Participant’s death prior to the termination of his Continuous Service, any unvested Stock Units shall immediately vest and the underlying Unit Shares shall be immediately delivered to the Participant’s beneficiary or beneficiaries.

  • Termination of Employment Following a Change in Control Notwithstanding the provisions of Section 6.3 hereof to the contrary, if the Employee’s employment by the Company is terminated by the Company in accordance with the terms of Section 4 of the Termination Agreement and the Employee is entitled to benefits provided in Section 5 of the Termination Agreement, the Company shall pay to the Employee, in a lump sum in cash within 30 days after the Date of Termination, the aggregate of the Employee’s Base Salary (as in effect on the Date of Termination) through the Date of Termination, if not theretofore paid, and, in the case of compensation previously deferred by the Employee, all amounts of such compensation previously deferred shall be paid in accordance with the plan documents governing such deferral. Except with respect to the obligations set for forth in the Termination Agreement, notwithstanding any provisions herein to the contrary, all other obligations of the Company and rights of the Employee hereunder shall terminate effective as of the Date of Termination.

  • Employment Status This Agreement does not constitute a contract of employment or impose upon Executive any obligation to remain as an employee, or impose on the Company any obligation (i) to retain Executive as an employee, (ii) to change the status of Executive as an at-will employee or (iii) to change the Company’s policies regarding termination of employment.

  • Termination After Change in Control Sections 9.2 and 9.3 set out provisions applicable to certain circumstances in which the Term may be terminated after Change in Control.

  • Constructive Termination of Employment If the Executive so elects, a termination by the Company without Cause under Section 6(d) shall be deemed to have occurred upon the occurrence of one or more of the following events without the express written consent of the Executive:

  • Termination After a Change in Control You will receive Severance Benefits under this Agreement if, during the Term of this Agreement and after a Change in Control has occurred, your employment is terminated by the Company without Cause (other than on account of your Disability or death) or you resign for Good Reason.

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