Common use of SUSPENSION OF VESTING DURING CERTAIN LEAVES OF ABSENCE Clause in Contracts

SUSPENSION OF VESTING DURING CERTAIN LEAVES OF ABSENCE. Notwithstanding subparagraph (a) hereof, the continued accrual of vesting pursuant to subparagraph (a) shall be suspended during the period of time in which the Optionee is on a leave of absence of more than six months for any reason other than (i) medical reasons, (ii) pregnancy disability, (iii) a leave qualifying under the Family and Medical Leave Act, or (iv) workers' compensation.

Appears in 4 contracts

Samples: Nonstatutory Stock Option Agreement (Schwab Charles Corp), Nonstatutory Stock Option and Performance Unit Agreement (Schwab Charles Corp), Nonstatutory Stock Option Agreement (Schwab Charles Corp)

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