Common use of TERMINATION OF EMPLOYMENT DEFINED Clause in Contracts

TERMINATION OF EMPLOYMENT DEFINED. For purposes of this Award and the Plan, the employment of the Participant shall be deemed terminated if the Participant is no longer employed as a salaried employee by the Company or any of its subsidiaries, joint ventures or affiliates.

Appears in 2 contracts

Samples: Option Award Agreement (Burlington Industries Inc /De/), Option Award Agreement (Burlington Industries Inc /De/)

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TERMINATION OF EMPLOYMENT DEFINED. For purposes of this Award and the Plan, the The employment of the Participant shall be deemed terminated if the Participant he is no longer employed as a salaried employee by the Company or any of its subsidiaries, joint ventures or affiliates.

Appears in 1 contract

Samples: Award Agreement (Burlington Industries Inc /De/)

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TERMINATION OF EMPLOYMENT DEFINED. For purposes of this Award and the PlanPlans, the employment of the Participant shall be deemed terminated if the Participant is no longer employed as a salaried employee by the Company or any of its subsidiaries, joint ventures or affiliates.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Burlington Industries Inc /De/)

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