Common use of Other Change in Employment Status Clause in Contracts

Other Change in Employment Status. An Option shall be affected, both with regard to vesting schedule and termination, by leaves of absence, changes from full-time to part-time employment, partial disability or other changes in the employment status of an Optionee, in the discretion of the Administrator. The Administrator shall follow the written policy of the Company (if any) as it may be in effect from time to time, with regard to such matters.

Appears in 3 contracts

Samples: Securities Purchase Agreement (Pinnacle Holdings Inc), Incentive Stock Option Agreement (Tokheim Corp), Incentive Stock Option Agreement (Tokheim Corp)

AutoNDA by SimpleDocs

Other Change in Employment Status. An Option shall be affected, both with regard to vesting schedule and termination, by leaves of absence, changes from full-time to part-time employment, partial disability or other changes in the employment status of an Optioneea Participant, in the sole discretion of the Administrator. The Administrator shall follow the any applicable written policy policies of the Company (if any) ), including such rules, guidelines and practices as it may be adopted pursuant to Section 3 hereof, as they may be in effect from time to time, with regard to such matters.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (AdvancePierre Foods Holdings, Inc.)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!