Remains Employed Clause Samples

The "Remains Employed" clause defines the requirement that an individual must continue to be employed by a company or organization for certain rights, benefits, or obligations to apply. In practice, this clause often appears in agreements related to bonuses, stock options, or severance, specifying that eligibility for these benefits is contingent upon the employee's ongoing employment at a specific date or during a particular period. Its core function is to incentivize retention and clarify the conditions under which employment-related benefits are granted or forfeited.
Remains Employed. The term "Remains Employed" shall mean that Executive has not experienced a Separation From Service with Employer.
Remains Employed. The term "Remains Employed" shall mean that the Executive has not experienced a Separation From Service with Employer (as defined herein and by IRC 409A).