Common use of Employment Relationship Clause in Contracts

Employment Relationship. For purposes of this Agreement, Employee shall be considered to be in the employment of the Company as long as Employee remains an employee of the Company or an Affiliate (as such term is defined in the Plan). Nothing in the adoption of the Plan or the grant of the Performance Award thereunder pursuant to this Agreement shall confer upon 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, 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 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 in its sole discretion, and its determination shall be final and binding on all parties.

Appears in 13 contracts

Samples: Form of Performance Award Agreement (Dynegy Inc.), Form of Performance Award Agreement (Dynegy Inc.), Performance 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 grant award of the Performance Award 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 in its sole discretionCommittee, and its determination shall be final and binding on all partiesfinal.

Appears in 11 contracts

Samples: Restricted Stock Award Agreement (Dynegy Inc.), Restricted Stock Award Agreement (Dynegy Inc.), Restricted Stock 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 grant award of the Performance Award 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 in its sole discretionCommittee, and its determination shall be final and binding on all partiesfinal.

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 grant award of the Performance Award 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 in its sole discretionCommittee, and its determination shall be final and binding on all partiesfinal.

Appears in 6 contracts

Samples: Stock Unit Award Agreement (Dynegy Inc.), Phantom 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 grant award of the Performance Award 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 in its sole discretionCommittee, and its determination shall be final and binding on all partiesfinal.

Appears in 6 contracts

Samples: Performance Share Unit Award Agreement (Adams Resources & Energy, Inc.), 2020 Performance Share Unit Award Agreement (Adams Resources & Energy, Inc.), Performance Share Unit Award Agreement (Adams Resources & Energy, Inc.)

Employment Relationship. For purposes of this Agreement, Employee shall be considered to be in the employment of the Company as long as Employee remains an employee of the Company or an Affiliate (as such term is defined in the Plan). Nothing in the adoption of the Plan or the grant of the Performance Award thereunder pursuant to this Agreement Agreement, shall confer upon 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, 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 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 in its sole discretion, and its determination shall be final and binding on all parties.

Appears in 3 contracts

Samples: Performance Award Agreement (Dynegy Inc.), Performance Award Agreement (Dynegy Inc.), Performance 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 Affiliate (as such term is defined in the Plan). Nothing in the adoption of the Plan or Plan, nor the grant award of the Performance Award 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 in its sole discretionCommittee, and its determination shall be final and binding on all partiesfinal.

Appears in 2 contracts

Samples: Restricted Stock Agreement (Quintana Maritime LTD), Restricted Stock Agreement (Quintana Maritime LTD)

Employment Relationship. For purposes of this Agreement, Employee Recipient shall be considered to be in the employment of the Company as long as 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 grant award of the Performance Award Restricted Shares thereunder pursuant to this Agreement Agreement, shall confer upon 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, 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 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 in its sole discretionCommittee, and its determination shall be final and binding on all partiesfinal.

Appears in 2 contracts

Samples: Restricted Stock Award Agreement (BMC Software Inc), Restricted Stock Award Agreement (BMC Software Inc)

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Employment Relationship. For purposes of this Agreement, Employee shall be considered to be in the employment of the Company as long as Employee remains an employee of 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 grant of the Performance Award thereunder pursuant to this Agreement shall confer upon 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, 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 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 in its sole discretion, and its determination shall be final 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 Plan, this Agreement or the grant Notice of the Performance Award 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 in its sole discretionCommittee, and its determination shall be final and binding on all partiesfinal.

Appears in 1 contract

Samples: Form of Phantom 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 grant award of the Performance Award Restricted 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 in its sole discretionCommittee, and its determination shall be final and binding on all partiesfinal.

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 or Plan, nor the grant award of the Performance Award 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 in its sole discretionCommittee, and its determination shall be final and binding on all partiesfinal.

Appears in 1 contract

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

Employment Relationship. For purposes of this Agreement, Employee shall be considered to be in the employment of the Company as long as 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 grant award of the Performance Award Phantom Shares thereunder pursuant to this Agreement Agreement, shall confer upon 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, 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 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 in its sole discretionCommittee, and its determination shall be final and binding on all partiesfinal.

Appears in 1 contract

Samples: Phantom Stock Agreement (Quintana Maritime LTD)

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