Affiliate Corporation definition
Examples of Affiliate Corporation in a sentence
Without derogating from the provisions of Section 19 of the Plan, nothing contained herein shall be construed to confer upon the Grantee any right to remain in the service of the Corporation and/or of any Affiliated Corporation or derogate from any right of the Corporation and/or any Affiliate Corporation to retire, request the resignation of, or discharge the Grantee at any time, with or without cause.
Except as provided in Section 5 hereof, Performance Shares shall not vest unless the Employee is then in the employ of (i) the Company or an Affiliate Corporation, and unless the Employee has remained continuously so employed since the date of grant of the Performance Shares or (ii) the Employee has entered into and is in compliance with the Senior Executive Transition Agreement.
Except as provided in Section 5 hereof, Restricted Shares shall not vest unless the Employee is then in the employ of (i) the Company or an Affiliate Corporation, and unless the Employee has remained continuously so employed since the date of grant of the Restricted Shares.