Rights of Employment. This contract shall be construed and interpreted to comply with existing state and federal laws or other applicable regulations as they apply to both the employee and the employer.
Rights of Employment. A. Discontinued Agreements Voluntary – Employee-dissolved agreement becomes voluntary transfer/reassignment based on availability of positions. Involuntary – Management-dissolved agreement becomes involuntary transfer/reassignment for amount of current contract percentage of position or greater.
Rights of Employment. All recognized part-time employees shall be considered before other job applicants except regular full-time employees should there be a position opening on a full-time basis. If recognized part-time employees apply for said opening(s), they will be interviewed.
Rights of Employment. In no event shall the granting of this Option or Optionee’s acceptance hereof give or be deemed to give Optionee any right to be retained in the employ of the Company.
Rights of Employment. Nothing in this Agreement confers on you any right to continue in the employ of Maytag and its Subsidiaries or affects in any way the right of Maytag and its Subsidiaries to terminate your employment at any time.
Rights of Employment. CONTINUATION OF EQUITY AWARDS. Except as otherwise expressly provided in this Agreement:
(i) Nothing in this Agreement shall be construed as limiting your right to resign prior to the beginning or after the end of the Agreement Term.
(ii) Nothing in this Agreement shall be construed as limiting the Corporation’s right to discharge you at any time prior to the beginning or after the end of the Agreement Term, or to renegotiate the terms of your employment for any period prior to the beginning or after the end of the Agreement Term.
(iii) Except as otherwise provided in paragraph 3(iv) (relating to discharge absent Cause or Disability), or as otherwise expressly provided in this Agreement, this Agreement shall be inapplicable to the determination of your rights to payments and benefits, if your Date of Termination occurs prior to the occurrence of a Change in Control, or if your Date of Termination occurs after the end of the Agreement Term and you are not subject to a disability after a Change in Control.
(iv) This paragraph 6(iv) will apply to any stock awards granted to you under the Corporation’s 1996 Stock Incentive Plan, 1999 Stock Incentive Plan, or any similar successor Plan that you hold immediately before a Change in Control (“Equity Awards”).
(a) The Board (as constituted immediately prior to the Change in Control) shall determine, not later than immediately before the Change in Control date, whether immediately after the Change in Control, the Equity Awards in each Award Category (as defined below) will be Comparable (as defined below) to the Equity Awards in that Award Category that you held immediately before the Change in Control. The three “Award Categories” are: (1) Appreciation Awards, which includes stock options, stock appreciation rights, and other similar awards based on appreciation in the price of the Corporation’s stock after the grant date; (2) Non-Performance Based Full Value Awards, which includes restricted stock, restricted stock units, and other awards the value of which is based on the full value of the Corporation’s stock (rather than being based on appreciation), and no portion of the value of which is based on performance measures other than stock value; and (3) Performance Based Full Value Awards, which includes restricted stock, restricted stock units and other awards (but not Performance Stock), the value of which is based in part on the full value of the Corporation’s stock, where vesting or other aspects of the value o...
Rights of Employment. Nothing in this Agreement shall be deemed to confer upon any person any rights of employment with or any rights to hold any particular office with Buyer or to limit the right of Buyer to terminate the employment or office of any person.
Rights of Employment. In no event shall the granting of this RSU Award or Participant’s acceptance hereof give or be deemed to give Participant any right to be retained as an employee of the Company or any Affiliate.
Rights of Employment. Nothing in this Agreement shall interfere with or limit in any way the right of the Company to terminate Grantee’s employment at any time (with or without Cause), nor confer upon Grantee any right to continue in the employ of the Company for any period of time or to continue his or her present (or any other) rate of compensation, and in the event of Grantee’s termination of employment (including, but not limited to, termination by the Company without Cause), any portion of Xxxxxxx’s Restricted Stock that was not previously vested shall be forfeited, except as otherwise provided herein. Nothing in this Agreement shall confer upon Grantee any right to be selected again as a Plan participant, and nothing in the Plan or this Agreement shall provide for any adjustment to the number of shares of Restricted Stock upon the occurrence of subsequent events except as provided in Section 8 below.
Rights of Employment. Nothing in this Agreement shall be deemed to prohibit the resignation, removal or failure to re-elect any of the persons referred to herein to any position referred to therein, including without limitation, as a director or member of any committee of the Board of Directors, after his initial election to such position. Nothing in this Agreement shall be deemed to confer upon any person any rights of employment with or any rights to hold any particular office with Buyer or Surviving Bank or to limit the right of Buyer and Surviving Bank to terminate the employment or office of any person.
