Common use of Local Laws Clause in Contracts

Local Laws. If your service terminates (whether or not in breach of local labor laws), the effective date of such termination of service for all purposes of this Agreement will be extended by any notice period mandated under local law (e.g., active employment would include a period of “garden leave” or similar period pursuant to local law); the Company shall have the exclusive discretion to determine when you are no longer employed for purposes of this Award.

Appears in 4 contracts

Sources: Performance Award Agreement (NOV Inc.), Performance Award Agreement (NOV Inc.), Performance Award Agreement (NOV Inc.)

Local Laws. If your service terminates (whether or not in breach of local labor laws), the effective date of such termination of service for all purposes of this Agreement will be extended by any notice period mandated under local law (e.g., active employment would include a period of “garden leave” or similar period pursuant to local law); , and the Company shall have the exclusive discretion to determine when you are no longer employed for purposes of this Award.

Appears in 2 contracts

Sources: Performance Award Agreement (NOV Inc.), Performance Award Agreement (NOV Inc.)