Common use of Status as Employee or Consultant Clause in Contracts

Status as Employee or Consultant. For the sake of clarity, if (A) the Participant’s relationship with the Company or any Affiliate changes from employee to consultant or independent contractor, or from consultant or independent contractor to employee, or (B) the Participant transfers from employment or service with the Company, to employment or service with any Affiliate of the Company, or vice-versa, or from employment or service with any Affiliate of the Company to employment or service with any other Affiliate of the Company, or vice-versa, the Participant shall not be deemed to have terminated employment or service for purposes of this Agreement.

Appears in 5 contracts

Samples: Nonqualified Stock Option Agreement (Las Vegas Sands Corp), Restricted Stock Award Agreement (Las Vegas Sands Corp), Restricted Stock Units Award Agreement (Las Vegas Sands Corp)

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Status as Employee or Consultant. For the sake of clarity, if (A) the Participant’s relationship with the Company or any Affiliate changes from employee to consultant or independent contractor, or from consultant or independent contractor to employee, or (B) the Participant transfers from employment or service with the Company, to employment or service with any Affiliate of the Company, or vice-versa, or from employment or service with any Affiliate of the Company to employment or service with any other Affiliate of the Company, or vice-versa, the Participant shall not be deemed to have terminated employment or service for purposes of this Agreement.

Appears in 3 contracts

Samples: Restricted Stock Units Award Agreement (Las Vegas Sands Corp), Restricted Stock Award Agreement (Las Vegas Sands Corp), Restricted Stock Units Award Agreement (Las Vegas Sands Corp)

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Status as Employee or Consultant. For the sake of clarity, if (A) the Participant’s relationship with the Company or any Affiliate changes from employee to consultant or independent contractor, or from consultant or 18RS1 independent contractor to employee, or (B) the Participant transfers from employment or service with the Company, to employment or service with any Affiliate of the Company, or vice-versa, or from employment or service with any Affiliate of the Company to employment or service with any other Affiliate of the Company, or vice-versa, the Participant shall not be deemed to have terminated employment or service for purposes of this Agreement.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Las Vegas Sands Corp)

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