Common use of Unpaid Leave of Absence Clause in Contracts

Unpaid Leave of Absence. In the event Grantee takes an unpaid leave of absence from the Company or any Subsidiary, the Committee may in its discretion take any action that is consistent with the terms of the Plan and applicable law, including but not limited to suspending vesting of the Award during the period of leave, or causing Grantee to forfeit any unvested portion of this Award.

Appears in 8 contracts

Samples: Stock Option Award Agreement (Dow Holdings Inc.), Performance Stock Unit Award Agreement (Dow Holdings Inc.), Stock Option Award Agreement (Dow Inc.)

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Unpaid Leave of Absence. In If the event Grantee takes an unpaid leave of absence from the Company or any Subsidiary, the Committee may in its discretion take any action that is consistent with the terms of the Plan and applicable law, including but not limited to suspending vesting of the Award during the period of leave, or causing the Grantee to forfeit any unvested portion of this Award.

Appears in 4 contracts

Samples: Stock Appreciation Right Award Agreement (Dow Chemical Co /De/), Restricted Stock Unit Award Agreement (Dow Chemical Co /De/), Stock Option Award Agreement (Dow Chemical Co /De/)

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