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 either the Company or an Affiliate (as such term is defined in the Plan). Nothing in the adoption of the Plan or the award of the Restricted Shares thereunder pursuant to this Agreement shall confer upon the Employee the right to continued employment by the Company or affect in any way the right of the Company 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 for any reason whatsoever, with or without cause. 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, and its determination shall be final.

Appears in 11 contracts

Samples: Restricted Stock Award Agreement (Dynegy Inc.), Restricted Stock Award Agreement (Dynegy Inc.), Restricted Stock Award Agreement (Dynegy 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 or an Affiliate (as such term is defined in the Plan). Nothing in the adoption of the Plan or the award of the Restricted Shares Stock Units thereunder pursuant to this Agreement shall confer upon the Employee the right to continued employment by the Company or affect in any way the right of the Company 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 for any reason whatsoever, with or without cause. 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, and its determination shall be final.

Appears in 10 contracts

Samples: Form of Stock Unit Award Agreement (Dynegy Inc.), Form of Stock Unit Award Agreement (Dynegy Inc.), Form of Stock Unit 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 either the Company or an Affiliate (as such term is defined in the Plan). Nothing in the adoption of the Plan or the award of the Restricted Shares Performance Share Units thereunder pursuant to this Agreement shall confer upon the Employee the right to continued employment by the Company or affect in any way the right of the Company 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 for any reason whatsoever, with or without cause. 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, and its determination shall be final.

Appears in 7 contracts

Samples: 2024 Performance Share Unit Award Agreement (Adams Resources & Energy, Inc.), 2023 Performance Share Unit Award Agreement (Adams Resources & Energy, Inc.), 2022 Performance Share Unit Award Agreement (Adams Resources & Energy, 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 or an Affiliate (as such term is defined in the Plan). Nothing in the adoption of the Plan or the award of the Restricted Shares Phantom Stock Units thereunder pursuant to this Agreement shall confer upon the Employee the right to continued employment by the Company or affect in any way the right of the Company 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 for any reason whatsoever, with or without cause. 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, and its determination shall be final.

Appears in 6 contracts

Samples: Stock Unit Award Agreement (Dynegy Inc.), Stock Unit Award Agreement (Dynegy Inc.), Stock Unit 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 either the Company or an Affiliate (as such term is defined in the Plan). Nothing in the adoption of the Plan or the award grant of the Restricted Shares Performance Award thereunder pursuant to this Agreement Agreement, shall confer upon the Employee the right to continued employment by the Company or affect in any way the right of the Company 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 for any reason whatsoever, with or without cause. 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 CommitteeCommittee in its sole discretion, and its determination shall be finalfinal and binding on all parties.

Appears in 3 contracts

Samples: Performance Award Agreement (Dynegy Inc /Il/), Performance Award Agreement (Dynegy Inc.), Performance Award Agreement (Dynegy Inc.)

Employment Relationship. For purposes of this Agreement, the Employee Recipient shall be considered to be in the employment of the Company as long as the Employee Recipient remains an employee of either the Company Company, an Affiliate, or an Affiliate (as such term is defined in the Plan)a successor corporation. Nothing in the adoption of the Plan or Plan, nor the award of the Restricted Shares thereunder pursuant to this Agreement Agreement, shall confer upon the Employee Recipient the right to continued employment by the Company or any of its Affiliates or affect in any way the right of the Company to terminate such employment at any time. Unless otherwise specifically provided in a written employment agreement or by applicable law, the EmployeeRecipient’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 Recipient or the Company for any reason whatsoever, with or without cause. Any question as to whether and when there has been a termination Termination of such employmentEmployment of the Recipient with the Company, and the cause of such termination, shall be determined by the Committee, and its determination shall be final.

Appears in 2 contracts

Samples: Restricted Stock Award Agreement (BMC Software Inc), Restricted Stock Award Agreement (BMC Software 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 or an Affiliate (as such term is defined in the Plan). Nothing in the adoption of the Plan or Plan, nor the award of the Restricted Shares thereunder pursuant to this Agreement Agreement, shall confer upon the Employee the right to continued employment by the Company or affect in any way the right of the Company 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 for any reason whatsoever, with or without cause. 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, and its determination shall be final.

Appears in 2 contracts

Samples: Restricted Stock Agreement (Quintana Maritime LTD), Restricted 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 or an Affiliate (as such term is defined in the Plan). Nothing in the adoption of the Plan or Plan, nor the award of the Restricted Phantom Shares thereunder pursuant to this Agreement Agreement, shall confer upon the Employee the right to continued employment by the Company or affect in any way the right of the Company 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 for any reason whatsoever, with or without cause. 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, and its determination shall be final.

Appears in 1 contract

Samples: Phantom Stock Agreement (Quintana Maritime LTD)

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Employment Relationship. For purposes of this Agreement, the Employee Optionee shall be considered to be in the employment of the Company as long as the Employee Optionee remains an employee of either the Company, 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 expressly provided that Optionee shall be considered to have terminated employment with the Company at the time of the termination of the “Affiliate” status of the entity or an Affiliate (as such term is defined in other organization that employs Optionee and the Plan)Company. Nothing contained in the adoption of the Plan or the award of the Restricted Shares thereunder pursuant to this Agreement Option shall (i) confer upon the Employee the Optionee any right with respect to continued continuation of employment by with the Company or affect any Affiliate or (ii) interfere in any way with the right of the Company 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 for any reason whatsoever, with or without cause. 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, Committee and its determination shall be final.

Appears in 1 contract

Samples: Agreement (Apache 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 either the Company or an Affiliate (as such term is defined in the Plan). Nothing in the adoption of the Plan or Plan, nor the award of the Restricted Shares thereunder pursuant to this Agreement Agreement, shall confer upon the Employee the right to continued employment by the Company or affect in any way the right of the Company 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 for any reason whatsoever, with or without cause. 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, and its determination shall be final.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Dynegy Inc /Il/)

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 or an Exhibit 10.3 Affiliate (as such term is defined in the Plan). Nothing in the adoption of the Plan or the award grant of the Restricted Shares Performance Award thereunder pursuant to this Agreement shall confer upon the Employee the right to continued employment by the Company or affect in any way the right of the Company 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 for any reason whatsoever, with or without cause. 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 CommitteeCommittee in its sole discretion, and its determination shall be finalfinal and binding on all parties.

Appears in 1 contract

Samples: 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 either the Company or an Affiliate (as such term is defined in the Plan). Nothing in the adoption of the Plan or the award of the Restricted Shares Stock Units thereunder pursuant to this Agreement shall confer upon the Employee the right to continued employment by the Company or affect in any way the right of the Company 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 for any reason whatsoever, with or without cause. 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, and its determination shall be final.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Adams Resources & Energy, 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 or an Affiliate (as such term is defined in the Plan). Nothing in the adoption of the Plan Plan, this Agreement or the award Notice of the Restricted Shares thereunder pursuant to this Agreement Grant shall confer upon the Employee the right to continued employment by the Company or affect in any way the right of the Company 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 for any reason whatsoever, with or without cause. 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, and its determination shall be final.

Appears in 1 contract

Samples: Form of Phantom Stock Unit Award Agreement (Dynegy Inc.)

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