Common use of Employment Relationship Clause in Contracts

Employment Relationship. For purposes of this Agreement, the Employee shall be considered to be in the employment of the Company as long as the Employee remains an employee of the Company Group. Without limiting the scope of the preceding sentence, it is specifically provided that the Employee shall be considered to have terminated employment with the Company Group at the time of the termination of the “Affiliate” status of the entity or other organization that employs the Employee. Nothing in the adoption of the Plan, nor the award of the RSUs thereunder pursuant to this Agreement, shall confer upon the Employee the right to continued employment by the Company Group or affect in any way the right of the Company Group to terminate such employment at any time. Unless otherwise provided in a written employment agreement or by applicable law, the Employee’s employment by the Company shall be on an at-will basis, and the employment relationship may be terminated at any time by either the Employee or the Company Group for any reason whatsoever, with or without cause or notice. Any question as to whether and when there has been a termination of such employment, and the cause of such termination, shall be determined by the Committee or its delegate, and its determination shall be final.

Appears in 26 contracts

Samples: Performance Restricted Stock Unit Agreement (Forum Energy Technologies, Inc.), Performance Restricted Stock Unit Agreement (Forum Energy Technologies, Inc.), Performance Restricted Stock Unit Agreement (Forum Energy Technologies, Inc.)

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Employment Relationship. For purposes of this Agreement, the Employee shall be considered to be in the employment of the Company as long as the Employee remains an employee of either the Company Groupor an Affiliate. Without limiting the scope of the preceding sentence, it is specifically provided that the Employee shall be considered to have terminated employment with the Company Group at the time of the termination of the “Affiliate” status of the entity or other organization that employs the Employee. Nothing in the adoption of the Plan, nor the award of the RSUs Restricted Shares thereunder pursuant to this Agreement, shall confer upon the Employee the right to continued employment by the Company Group or affect in any way the right of the Company Group to terminate such employment at any time. Unless otherwise provided in a written employment agreement or by applicable law, the Employee’s employment by the Company shall be on an at-will basis, and the employment relationship may be terminated at any time by either the Employee or the Company Group for any reason whatsoever, with or without cause or notice. Any question as to whether and when there has been a termination of such employment, and the cause of such termination, shall be determined by the Committee or its delegate, and its determination shall be final.

Appears in 25 contracts

Samples: Restricted Stock Agreement (Concho Resources Inc), Restricted Stock Agreement (Concho Resources Inc), Restricted Stock Agreement (Concho Resources Inc)

Employment Relationship. For purposes of this Agreement, the Employee shall be considered to be in the employment of the Company as long as the Employee remains an employee of the Company Group. Without limiting or an Affiliate (as such term is defined in the scope of the preceding sentence, it is specifically provided that the Employee shall be considered to have terminated employment with the Company Group at the time of the termination of the “Affiliate” status of the entity or other organization that employs the EmployeePlan). Nothing in the adoption of the Plan, nor Plan or the award grant of the RSUs Performance Award thereunder pursuant to this Agreement, Agreement shall confer upon the Employee the right to continued employment by the Company Group or affect in any way the right of the Company Group to terminate such employment at any time. Unless otherwise provided in a written employment agreement or by applicable law, the Employee’s employment by the Company shall be on an at-will basis, and the employment relationship may be terminated at any time by either the Employee or the Company Group for any reason whatsoever, with or without cause or noticecause. Any question as to whether and when there has been a termination of such employment, and the cause of such termination, shall be determined by the Committee or in its delegatesole discretion, and its determination shall be finalfinal and binding on all parties.

Appears in 13 contracts

Samples: Form of Performance Award Agreement (Dynegy Inc.), Form of Performance Award Agreement (Dynegy Inc.), Form of Performance Award Agreement (Dynegy Inc.)

Employment Relationship. For purposes of this Agreement, the Employee shall be considered to be in the employment of the Company as long as the Employee remains an employee of any member of the Company Group. Without limiting the scope of the preceding sentence, it is specifically provided that the Employee shall be considered to have terminated employment with the Company Group at the time of the termination of the “Affiliate” status of the entity or other organization that employs the Employee. Nothing in the adoption of the Plan, nor the award of the RSUs Performance Shares thereunder pursuant to this Agreement, shall confer upon the Employee the right to continued employment by the Company Group or affect in any way the right of the Company Group to terminate such employment at any time. Unless otherwise provided in a written employment agreement or by applicable law, the Employee’s employment by the Company Group shall be on an at-will basis, and the employment relationship may be terminated at any time by either the Employee or the Company Group for any reason whatsoever, with or without cause or notice. Any question as to whether and when there has been a termination of such employment, and the cause of such termination, shall be determined by the Committee or its delegate, and its determination shall be final.

Appears in 8 contracts

Samples: 2016 Stock and Incentive Plan (Forum Energy Technologies, Inc.), 2016 Stock and Incentive Plan (Forum Energy Technologies, Inc.), Stock and Incentive Plan (Forum Energy Technologies, Inc.)

Employment Relationship. For purposes of this Agreement, the Employee shall be considered to be in the employment of the Company as long as the Employee remains an employee of either the Company GroupCompany, an Affiliate, or a corporation or a parent or subsidiary of such corporation assuming or substituting a new option for this Option. Without limiting the scope of the preceding sentence, it is specifically expressly provided that the Employee shall be considered to have terminated employment with the Company Group at the time of the termination of the “Affiliate” status of the entity or other organization that employs Employee and the EmployeeCompany. Nothing contained in the adoption of the Plan, nor the award of the RSUs thereunder pursuant to this Agreement, Option shall (i) confer upon the Employee the any right with respect to continued continuation of employment by with the Company Group or affect any Affiliate or (ii) interfere in any way with the right of the Company Group or any Affiliate to terminate such his or her employment at any time. Unless otherwise provided in a written employment agreement or by applicable law, the Employee’s employment by the Company shall be on an at-will basis, and the employment relationship may be terminated at any time by either the Employee or the Company Group for any reason whatsoever, with or without cause or notice. Any question as to whether and when there has been a termination of such employment, and the cause of such termination, shall be determined by the Board or Committee or its delegate, and its determination shall be final.

Appears in 3 contracts

Samples: Agreement (Mariner Energy Inc), Agreement (Mariner Energy Inc), Agreement (Mariner Energy Resources, Inc.)

Employment Relationship. For purposes of this Agreement, the Employee shall be considered to be in the employment of the Company as long as the Employee remains an employee of either the Company Groupor a Subsidiary (as such term is defined in the Plan). Without limiting the scope of the preceding sentence, it is specifically expressly provided that the Employee shall be considered to have terminated employment with the Company Group at the time of the termination of the “AffiliateSubsidiary” status under the Plan of the entity or other organization that employs the Employee. Nothing in the adoption of the Plan, nor the award of the RSUs thereunder pursuant to this Agreement, the Plan or the Restricted Stock Award, shall confer upon the Employee the right to continued employment by the Company Group or affect in any way the right of the Company Group to terminate such employment at any time. Unless otherwise provided in a written employment agreement or by applicable law, the Employee’s employment by the Company shall be on an at-will basis, and the employment relationship may be terminated at any time by either the Employee or the Company Group for any reason whatsoever(or no reason at all), with or without cause or noticecause. Any question as to whether and when there has been a termination of such employment, and the cause of such termination, shall be determined by the Committee or its delegateCommittee, and its determination shall be final.

Appears in 3 contracts

Samples: Restricted Stock Agreement (Carbon Natural Gas Co), Restricted Stock Agreement (Carbon Natural Gas Co), Restricted Stock Agreement (Carbon Natural Gas Co)

Employment Relationship. For purposes of this Agreement, the Employee shall be considered to be in the employment of the Company as long as the Employee remains an employee of the Company Group. Without limiting the scope of the preceding sentence, it is specifically provided that the Employee shall be considered to have terminated employment with the Company Group at the time of the termination of the “Affiliate” status of the entity or other organization that employs the Employee. Nothing in the adoption of the Plan, nor the award of the RSUs Phantom Units thereunder pursuant to this Agreement, shall confer upon the Employee the right to continued employment by the Company Group or affect in any way the right of the Company Group to terminate such employment at any time. Unless otherwise provided in a written employment agreement or by applicable law, the Employee’s employment by the Company shall be on an at-will basis, and the employment relationship may be terminated at any time by either the Employee or the Company Group for any reason whatsoever, with or without cause or notice. Any question as to whether and when there has been a termination of such employment, and the cause of such termination, shall be determined by the Committee or its delegate, and its determination shall be final.

Appears in 2 contracts

Samples: Phantom Unit Agreement (Forum Energy Technologies, Inc.), Phantom Unit Agreement (Forum Energy Technologies, Inc.)

Employment Relationship. For purposes of this Agreement, the Employee shall be considered to be in the employment of the Company as long as the Employee remains an employee of either the Company Groupor a Subsidiary (as such term is defined in the Plan). Without limiting the scope of the preceding sentence, it is specifically expressly provided that the Employee shall be considered to have terminated employment with the Company Group at the time of the termination of the “AffiliateSubsidiary” status under the Plan of the entity or other organization that employs the Employee. Nothing in this Agreement, the adoption of the Plan, nor Plan or the award of the RSUs thereunder pursuant to this Agreementany Restricted Stock Shares thereunder, shall confer upon the Employee the right to continued employment by the Company Group or affect in any way the right of the Company Group to terminate such employment at any time. Unless otherwise provided in a written employment agreement or by applicable law, the Employee’s employment by the Company shall be on an at-will basis, and the employment relationship may be terminated at any time by either the Employee or the Company Group for any reason whatsoever(or no reason at all), with or without cause or noticecause. Any question as to whether and when there has been a termination of such employment, and the cause of such termination, shall be determined by the Committee or its delegateCommittee, and its determination shall be final.

Appears in 2 contracts

Samples: Restricted Stock Agreement (Carbon Natural Gas Co), Restricted Stock Agreement (Carbon Natural Gas Co)

Employment Relationship. For purposes of this Agreement, the Employee shall be considered to be in the employment of the Company as long as the Employee remains an employee of either the Company Groupor a Subsidiary. Without limiting the scope of the preceding sentence, it is specifically provided that the Employee shall be considered to have terminated employment or service with the Company Group at the time of the termination of the “AffiliateSubsidiary” status of the entity or other organization that employs or engages the Employee. Nothing in the adoption of the Plan, nor the award of the RSUs Option thereunder pursuant to this Agreement, shall confer upon the Employee the right to continued employment by or service with the Company Group or affect in any way the right of the Company Group to terminate such employment or service at any time. Unless otherwise provided in a written employment or consulting agreement or by applicable law, the Employee’s employment by or service with the Company shall be on an at-will basis, and the employment or service relationship may be terminated at any time by either the Employee or the Company Group for any reason whatsoever, with or without cause or notice. Any question as to whether and when there has been a termination of such employmentemployment or service, and the cause of such termination, shall be determined by the Committee or its delegate, and its determination shall be final.

Appears in 2 contracts

Samples: Stock Option Agreement (Navigator Holdings Ltd.), Stock Option Agreement (Navigator Holdings Ltd.)

Employment Relationship. For purposes of this Agreement, the Employee shall be considered to be in the employment of the Company as long as the Employee remains an employee of either the Company GroupCompany, an Affiliate, or any successor entity. Without limiting the scope of the preceding sentence, it is specifically expressly provided that the Employee shall be considered to have terminated employment with the Company Group at the time of the termination of the “Affiliate” status of the entity or other organization that employs the Employee. Nothing in the adoption of the Plan, nor the award of the RSUs thereunder Restricted Stock pursuant to this Agreement, shall confer upon the Employee the right to continued employment by the Company Group or affect in any way the right of the Company Group to terminate such employment at any time. Unless otherwise provided in a written employment agreement or by applicable law, the Employee’s employment by the Company shall be on an at-will basis, and the employment relationship may be terminated at any time by either the Employee or the Company Group for any reason whatsoever, with or without cause or noticecause. Any question as to whether and when there has been a termination of such employment, and the cause of such termination, shall be determined by the Committee or its delegateCommittee, and its determination shall be final.

Appears in 2 contracts

Samples: Restricted Stock Inducement Agreement (Forest Oil Corp), Restricted Stock Inducement Agreement (Forest Oil Corp)

Employment Relationship. For purposes of this Agreement, the Employee shall be considered to be in the employment of the Company as long as the Employee remains an employee of the Company Group. Without limiting the scope of the preceding sentence, it is specifically provided that the Employee shall be considered to have terminated employment with the Company Group at the time of the termination of the “Affiliate” status of the entity or other organization that employs the Employee. Nothing in the adoption of the Plan, nor the award of the RSUs Cash Award thereunder pursuant to this Agreement, shall confer upon the Employee the right to continued employment by the Company Group or affect in any way the right of the Company Group to terminate such employment at any time. Unless otherwise provided in a written employment agreement or by applicable law, the Employee’s employment by the Company shall be on an at-will basis, and the employment relationship may be terminated at any time by either the Employee or the Company Group for any reason whatsoever, with or without cause or notice. Any question as to whether and when there has been a termination of such employment, and the cause of such termination, shall be determined by the Committee or its delegate, and its determination shall be final.

Appears in 2 contracts

Samples: Employee Cash Award Agreement (Forum Energy Technologies, Inc.), 2016 Stock and Incentive Plan (Forum Energy Technologies, Inc.)

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Employment Relationship. For purposes of this Agreement, the Employee shall be considered to be in the employment of the Company as long as the Employee remains an employee of either the Company Group. Without limiting the scope Company, a parent or subsidiary corporation (as defined in section 424 of the preceding sentence, it is specifically provided that the Employee shall be considered to have terminated employment with the Company Group at the time Code) of the termination of the “Affiliate” status of the entity Company, or other organization that employs the Employeeany successor corporation. Nothing in the adoption of the Plan, nor the award of the RSUs Phantom Shares thereunder pursuant to this Agreement, shall confer upon the Employee the right to continued employment by the Company Group or affect in any way the right of the Company Group to terminate such employment at any time. Unless otherwise provided in a written employment agreement or by applicable law, the Employee’s employment by the Company shall be on an at-will basis, and the employment relationship may be terminated at any time by either the Employee or the Company Group for any reason whatsoever, with or without cause or noticecause. Any question as to whether and when there has been a termination of such employment, and the cause of such termination, shall be determined by the Committee or its delegateCommittee, and its determination shall be final.

Appears in 1 contract

Samples: Phantom Stock Agreement (Quintana Maritime LTD)

Employment Relationship. For purposes of this Agreement, the Employee shall be considered to be in the employment of the Company as long as the Employee remains an employee of either the Company GroupCompany, an Affiliate, or a corporation or a parent or subsidiary of such corporation assuming or substituting a new option for this Option. Without limiting the scope of the preceding sentence, it is specifically expressly provided that the Employee shall be considered to have terminated employment with the Company Group at the time of the termination of the “Affiliate” status under the Plan of the entity or other organization that employs the Employee. Nothing in the adoption of the Plan, nor the award of the RSUs this Option thereunder pursuant to this Agreement, shall confer upon the Employee the right to continued employment by the Company Group or affect in any way the right of Employee or the Company Group to terminate such employment at any time. Unless otherwise provided in a written employment agreement or by applicable law, the Employee’s employment by the Company shall be on an at-will basis, and the employment relationship may be terminated at any time by either the Employee or the Company Group for any reason whatsoeverwhatsoever or for no reason, with or without cause or notice. Any question as to whether and when there has been a termination of such employmentEmployee’s employment with the Company, and the cause of such termination, shall be determined by the Committee or its delegateCommittee, and its determination shall be final.

Appears in 1 contract

Samples: Form Stock Option Agreement (Eco-Stim Energy Solutions, Inc.)

Employment Relationship. For purposes of this Agreement, the Employee shall be considered to be in the employment of the Company as long as the Employee remains an employee of either the Company Groupor a Subsidiary. Without limiting the scope of the preceding sentence, it is specifically provided that the Employee shall be considered to have terminated employment with the Company Group at the time of the termination of the “AffiliateSubsidiary” status of the entity or other organization that employs the Employee. Nothing in the adoption of the Plan, nor the award of the RSUs Restricted Stock Units thereunder pursuant to this Agreement, shall confer upon the Employee the right to continued employment by the Company Group or affect in any way the right of the Company Group to terminate such employment at any time. Unless otherwise provided in a written employment agreement or by applicable law, the Employee’s employment by the Company shall be on an at-will basis, and the employment relationship may be terminated at any time by either the Employee or the Company Group for any reason whatsoever, with or without cause or notice. Any question as to whether and when there has been a termination of such employment, and the cause of such termination, shall be determined by the Committee or its delegate, and its determination shall be final.

Appears in 1 contract

Samples: Form of Restricted Stock Unit (Rice Energy Inc.)

Employment Relationship. For purposes of this AgreementAgreement (except as otherwise provided in Section 3(c)(4) hereof), the Employee shall be considered to be in the employment of the Company as long as the Employee remains an employee of either the Company Groupor a Subsidiary. Without limiting the scope of the preceding sentence, it is specifically provided that the Employee shall be considered to have terminated employment or service with the Company Group at the time of the termination of the “AffiliateSubsidiary” status of the entity or other organization that employs the or engages Employee. Nothing in the adoption of the Plan, nor the award of the RSUs thereunder pursuant to this Agreement, Award shall confer upon the Employee the right to continued employment by or service with the Company Group or affect in any way the right of the Company Group to terminate such employment or service at any time. Unless otherwise provided in a written employment or consulting agreement or by applicable law, the Employee’s employment by or service with the Company shall be on an at-will basis, and the employment or service relationship may be terminated at any time by either the Employee or the Company Group for any reason whatsoever, with or without cause or notice. Any question as to whether and when there has been a termination of such employmentemployment or service, and the cause of such termination, shall be determined by the Committee or its delegate, in its sole discretion, and its determination shall be final.

Appears in 1 contract

Samples: Employee Restricted Stock (Expro Group Holdings N.V.)

Employment Relationship. For purposes of this Agreement, the Employee shall be considered to be in the employment of the Company as long as the Employee remains an employee of any member of the Company Group. Without limiting the scope of the preceding sentence, it is specifically provided that the Employee shall be considered to have terminated employment with the Company Group at the time of the termination of the “Affiliate” status of the entity or other organization that employs the Employee. Nothing in the adoption of the Plan, nor the award of the RSUs Performance Award thereunder pursuant to this Agreement, shall confer upon the Employee the right to continued employment by the Company Group or affect in any way the right of the Company Group to terminate such employment at any time. Unless otherwise provided in a written employment agreement or by applicable law, the Employee’s employment by the Company Group shall be on an at-will basis, and the employment relationship may be terminated at any time by either the Employee or the Company Group for any reason whatsoever, with or without cause or notice. Any question as to whether and when there has been a termination of such employment, and the cause of such termination, shall be determined by the Committee or its delegate, and its determination shall be final.

Appears in 1 contract

Samples: Stock and Incentive Plan (Forum Energy Technologies, Inc.)

Employment Relationship. For purposes of this Agreement, the Employee shall be considered to be in the employment of the Company as long as the Employee remains an employee of either the Company Groupor an Affiliate. Without limiting the scope of the preceding sentence, it is specifically provided that the Employee shall be considered to have terminated employment with the Company Group at the time of the termination of the “Affiliate” status of the entity or other organization that employs the Employee. Nothing in the adoption of the Plan, nor the award of the RSUs thereunder pursuant to this Agreement, shall confer upon the Employee the right to continued employment by the Company Group or affect in any way the right of the Company Group to terminate such employment at any time. Unless otherwise provided in a written employment agreement or by applicable law, the Employee’s employment by the Company shall be on an at-will basis, and the employment relationship may be terminated at any time by either the Employee or the Company Group for any reason whatsoever, with or without cause or notice. Any question as to whether and when there has been a termination of such employment, and the cause of such termination, shall be determined by the Committee or its delegate, and its determination shall be final.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Forum Energy Technologies, Inc.)

Employment Relationship. For purposes of this AgreementAgreement (except as otherwise provided in Section 3(c)(4) hereof), the Employee shall be considered to be in the employment of the Company as long as the Employee remains an employee of either the Company Groupor a Subsidiary. Without limiting the scope of the preceding sentence, it is specifically provided that the Employee shall be considered to have terminated employment or service with the Company Group at the time of the termination of the “AffiliateSubsidiary” status of the entity or other organization that employs the or engages Employee. Nothing in the adoption of the Plan, nor the award of the RSUs thereunder pursuant to this AgreementAward, shall confer upon the Employee the right to continued employment by or service with the Company Group or affect in any way the right of the Company Group to terminate such employment or service at any time. Unless otherwise provided in a written employment or consulting agreement or by applicable law, the Employee’s employment by or service with the Company shall be on an at-will basis, and the employment or service relationship may be terminated at any time by either the Employee or the Company Group for any reason whatsoever, with or without cause or notice. Any question as to whether and when there has been a termination of such employmentemployment or service, and the cause of such termination, shall be determined by the Committee or its delegate, in its sole discretion, and its determination shall be final.

Appears in 1 contract

Samples: Covenant Agreement (Expro Group Holdings N.V.)

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