Common use of Termination of Award Clause in Contracts

Termination of Award. For purposes of the following Sections, all references to termination of employment shall be construed to mean termination of all service relationships with the Company and its Subsidiaries and Affiliates, including employees, independent contractors and consultants; however, nothing in this Agreement or the Plan shall be construed to create or continue a common law employment relationship with any individual characterized by the Company, a Subsidiary or an Affiliate as an independent contractor or consultant.

Appears in 7 contracts

Samples: Restricted Stock Unit Award Agreement (Waddell & Reed Financial Inc), Restricted Stock Award Agreement (Waddell & Reed Financial Inc), Restricted Stock Award Agreement (Waddell & Reed Financial Inc)

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Termination of Award. For purposes of the following Sections, all references to termination of employment shall be construed to mean termination of all service employment and consultancy relationships with the Company and its Subsidiaries and Affiliates, including employees, independent contractors and consultants; however, nothing in this Agreement or the Plan shall be construed to create or continue a common law employment relationship with any individual characterized by the Company, a Subsidiary or an Affiliate as an independent contractor or consultant.

Appears in 1 contract

Samples: Restricted Stock Award Agreement (Waddell & Reed Financial Inc)

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