Common use of Status of Employee Clause in Contracts

Status of Employee. The Employee shall not be deemed for any purposes to be a shareowner of the Company with respect to any of the Performance Shares except to the extent that the Company has delivered shares of Common Stock pursuant to Section 3 hereof. Therefore, Employee will not have the right of shareowners to vote or to receive dividends or distributions of any kind prior to the Company delivering shares of Common Stock pursuant to Section 3 hereof. Neither the Plan nor the Performance Shares shall confer upon the Employee any right to continue as an employee of the Company or any of its Affiliates, nor to interfere in any way with the right of the Company to terminate the employment or directorship of the Employee at any time.

Status of Employee. The Employee shall not be deemed for any purposes to be a shareowner of the Company with respect to any of the Performance Shares except to the extent that the Company has delivered shares of Common Stock Shares pursuant to Section 3 hereof. Therefore, the Employee will not have the right of shareowners to vote or or, subject to Section 8, to receive dividends or distributions of any kind prior to the Company delivering shares of Common Stock Shares pursuant to Section 3 hereof. Neither the Plan nor the Performance Shares shall confer upon the Employee any right to continue as an employee of the Company or any of its Affiliates, nor to interfere in any way with the right of the Company to terminate the employment or directorship of the Employee at any time.

Status of Employee. The Employee shall not be deemed for any purposes to be a shareowner of the Company with respect to any of the Performance Shares except to the extent that the Company has 2020 Omnibus Performance Shares 4 delivered shares of Common Stock Shares pursuant to Section 3 hereof. Therefore, the Employee will not have the right of shareowners to vote or or, subject to Section 8, to receive dividends or distributions of any kind prior to the Company delivering shares of Common Stock Shares pursuant to Section 3 hereof. Neither the Plan nor the Performance Shares shall confer upon the Employee any right to continue as an employee of the Company or any of its Affiliates, nor to interfere in any way with the right of the Company to terminate the employment or directorship of the Employee at any time.