Common use of Employment Relationship Clause in Contracts

Employment Relationship. For purposes of this Agreement (except as otherwise provided in Section 3(c)(4) hereof), Employee shall be considered to be in the employment of the Company as long as Employee remains an employee of either the Company or a Subsidiary. Without limiting the scope of the preceding sentence, it is specifically provided that Employee shall be considered to have terminated employment or service with the Company at the time of the termination of the “Subsidiary” status of the entity or other organization that employs or engages Employee. Nothing in the adoption of the Plan, nor the award of the Restricted Stock Units thereunder pursuant to this Agreement, shall confer upon Employee the right to continued employment by or service with the Company or affect in any way the right of the Company to terminate such employment or service at any time. Unless otherwise provided in a written employment or consulting agreement or by applicable law, Employee’s employment by or service with the Company shall be on an at-will basis, and the employment or service relationship may be terminated at any time by either Employee or the Company for any reason whatsoever, with or without cause or notice. Any question as to whether and when there has been a termination of such employment or service, and the cause of such termination, shall be determined by the Committee or its delegate, in its sole discretion, and its determination shall be final.

Appears in 12 contracts

Samples: Restricted Stock Unit (Expro Group Holdings N.V.), Restricted Stock Unit (Expro Group Holdings N.V.), Restricted Stock Unit Agreement (Expro Group Holdings N.V.)

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Employment Relationship. For purposes of this Agreement (except as otherwise provided in Section 3(c)(4) hereof)Agreement, the Employee shall be considered to be in the employment of the Company as long as the Employee remains an employee of either the Company Company, an Affiliate (as such term is defined in the Plan), or a Subsidiaryany successor entity. Without limiting the scope of the preceding sentence, it is specifically expressly provided that the Employee shall be considered to have terminated employment or service with the Company at the time of the termination of the “SubsidiaryAffiliate” status under the Plan of the entity or other organization that employs or engages the Employee. Nothing in the adoption of the Plan, nor the award of the Restricted Stock Units thereunder pursuant to this Agreement, shall confer upon the Employee the right to continued employment by or service with the Company or affect in any way the right of the Company to terminate such employment or service at any time. Unless otherwise provided in a written employment or consulting agreement or by applicable law, the Employee’s employment by or service with the Company shall be on an at-will basis, and the employment or service relationship may be terminated at any time by either the Employee or the Company for any reason whatsoever, with or without cause or noticecause. Any question as to whether and when there has been a termination of such employment or serviceemployment, and the cause of such termination, shall be determined by the Committee or its delegate, in its sole discretionCommittee, and its determination shall be final.

Appears in 5 contracts

Samples: Restricted Stock Agreement (Forest Oil Corp), Restricted Stock Agreement (Forest Oil Corp), Restricted Stock Agreement (Forest Oil Corp)

Employment Relationship. For purposes of this Agreement (except as otherwise provided in Section 3(c)(4) hereof)Agreement, the Employee shall be considered to be in the employment of the Company as long as the Employee remains an employee of either the Company Company, an Affiliate (as such term is defined in the Plan), or a Subsidiaryany successor corporation. Without limiting the scope of the preceding sentence, it is specifically expressly provided that the Employee shall be considered to have terminated employment or service with the Company at the time of the termination of the “Subsidiary” "Affiliate" status under the Plan of the entity or other organization that employs or engages the Employee. Nothing in the adoption of the Plan, nor the award of the Restricted Stock Units thereunder pursuant to this Agreement, shall confer upon the Employee the right to continued employment by or service with the Company or affect in any way the right of the Company to terminate such employment or service at any time. Unless otherwise provided in a written employment or consulting agreement or by applicable law, the Employee’s 's employment by or service with the Company shall be on an at-will basis, and the employment or service relationship may be terminated at any time by either the Employee or the Company for any reason whatsoever, with or without cause or noticecause. Any question as to whether and when there has been a termination of such employment or serviceemployment, and the cause of such termination, shall be determined by the Committee or its delegate, in its sole discretionCommittee, and its determination shall be final.

Appears in 4 contracts

Samples: Restricted Stock Agreement (Forest Oil Corp), Restricted Stock Agreement (Forest Oil Corp), Restricted Stock Agreement (Forest Oil Corp)

Employment Relationship. For purposes of this Agreement (except as otherwise provided in Section 3(c)(4) hereof)Agreement, the Employee shall be considered to be in the employment of the Company as long as the Employee remains an employee Employee, Director or Consultant (each as defined in the Plan) of either the Company or a Subsidiaryan Affiliate (as such term is defined in the Plan). Without limiting the scope of the preceding sentence, it is specifically provided that the Employee shall be considered to have terminated employment or service with the Company at the time of the termination of the “SubsidiaryAffiliate” status under the Plan of the entity or other organization that employs or engages the Employee. Nothing in the adoption of the Plan, nor the award of the Restricted Stock Units Shares thereunder pursuant to this Agreement, shall confer upon the Employee the right to continued employment by or service with the Company or affect in any way the right of the Company to terminate such employment or service at any time. Unless otherwise provided in a written employment or consulting agreement or by applicable law, the Employee’s employment by or service with the Company shall be on an at-will basis, and the employment or service relationship may be terminated at any time by either the Employee or the Company for any reason whatsoever, with or without cause or noticecause. Any question as to whether and when there has been a termination of such employment or serviceemployment, and the cause of such termination, shall be determined by the Committee or its delegate, in its sole discretionCommittee, and its determination shall be final.

Appears in 2 contracts

Samples: Restricted Stock Agreement (Targa Midstream Services Limited Partnership), Restricted Stock Agreement (Targa Midstream Services Limited Partnership)

Employment Relationship. For purposes of this Agreement (except as otherwise provided in Section 3(c)(4) hereof)Agreement, Employee shall be considered to be in the employment of the Company as long as Employee remains an employee of either the Company Company, an Affiliate, or a Subsidiarycorporation or a parent or subsidiary of such corporation assuming or substituting a new option for this Option. Without limiting the scope of the preceding sentence, it is specifically expressly provided that Employee shall be considered to have terminated employment or service with the Company at the time of the termination of the “SubsidiaryAffiliate” status under the Plan of the entity or other organization that employs or engages Employee. Nothing in the adoption of the Plan, nor the award of the Restricted Stock Units this Option thereunder pursuant to this Agreement, shall confer upon Employee the right to continued employment by or service with the Company or affect in any way the right of Employee or the Company to terminate such employment or service at any time. Unless otherwise provided in a written employment or consulting agreement or by applicable law, Employee’s employment by or service with the Company shall be on an at-will basis, and the employment or service relationship may be terminated at any time by either Employee or the Company for any reason whatsoever, with or without cause or notice. Any question as to whether and when there has been a termination of such Employee’s employment or servicewith the Company, and the cause of such termination, shall be determined by the Committee or its delegate, in its sole discretionCommittee, and its determination shall be final.

Appears in 2 contracts

Samples: Nonstatutory Stock Option Agreement (Forum Energy Technologies, Inc.), Form of Nonstatutory (Forum Energy Technologies, Inc.)

Employment Relationship. For purposes of this Agreement (except as otherwise provided in Section 3(c)(4) hereof)Agreement, the Employee shall be considered to be in the employment of the Company as long as the Employee remains an employee of either the Company or a Subsidiary. Without limiting the scope of the preceding sentence, it is specifically provided that the Employee shall be considered to have terminated employment or service with the Company at the time of the termination of the “Subsidiary” status of the entity or other organization that employs or engages the Employee. Nothing in the adoption of the Plan, nor the award of the Restricted Stock Units thereunder pursuant to this Agreement, shall confer upon the Employee the right to continued employment by or service with the Company or affect in any way the right of the Company to terminate such employment or service at any time. Unless otherwise provided in a written employment or consulting agreement or by applicable law, the Employee’s employment by or service with the Company shall be on an at-will basis, and the employment or service relationship may be terminated at any time by either the Employee or the Company for any reason whatsoever, with or without cause or notice. Any question as to whether and when there has been a termination of such employment or service, and the cause of such termination, shall be determined by the Committee or its delegate, in its sole discretion, and its determination shall be final.

Appears in 2 contracts

Samples: Restricted Stock Unit (Frank's International N.V.), Restricted Stock Unit Agreement (Frank's International N.V.)

Employment Relationship. All references to the “Company” in this Section 8 and in Sections 3 and 5 above shall be deemed to include any subsidiary of the Company that employs Employee. For purposes of this Agreement (except as otherwise provided in Section 3(c)(4) hereof)Agreement, Employee shall be considered to be in the employment of the Company as long as Employee remains an employee of either the Company Company, an Affiliate, or a Subsidiarycorporation or a parent or subsidiary of such corporation assuming or substituting a new option for this Option. Without limiting the scope of the preceding sentence, it is specifically expressly provided that Employee shall be considered to have terminated employment or service with the Company at the time of the termination of the “SubsidiaryAffiliate” status under the Plan of the entity or other organization that employs or engages Employee. Nothing in the adoption of the Plan, nor the award of the Restricted Stock Units this Option thereunder pursuant to this Agreement, shall confer upon Employee the right to continued employment by or service with the Company or affect in any way the right of Employee or the Company to terminate such employment or service at any time. Unless otherwise provided in a written employment or consulting agreement or by applicable law, Employee’s employment by or service with the Company shall be on an at-will basis, and the employment or service relationship may be terminated at any time by either Employee or the Company for any reason whatsoeverwhatsoever or for no reason, with or without cause or notice. Any question as to whether and when there has been a termination of such Employee’s employment or servicewith the Company, and the cause of such termination, shall be determined by the Committee or its delegate, in its sole discretionCommittee, and its determination shall be final.

Appears in 1 contract

Samples: Nonstatutory Stock Option Agreement (Extraction Oil & Gas, Inc.)

Employment Relationship. All references to the “Company” in this Section 5 and in Sections 2 and 3 above shall be deemed to include any subsidiary of the Company that employs Employee. For purposes of this Agreement (except as otherwise provided in Section 3(c)(4) hereof)Agreement, Employee shall be considered to be in the employment of the Company as long as Employee remains an employee of either the Company Company, an Affiliate, or a Subsidiarycorporation or a parent or subsidiary of such corporation assuming or substituting a new award for these Restricted Stock Units. Without limiting the scope of the preceding sentence, it is specifically expressly provided that Employee shall be considered to have terminated employment or service with the Company at the time of the termination of the “SubsidiaryAffiliate” status under the Plan of the entity or other organization that employs or engages Employee. Nothing in the adoption of the Plan, nor the award of the these Restricted Stock Units thereunder pursuant to this Agreement, shall confer upon Employee the right to continued employment by or service with the Company or affect in any way the right of Employee or the Company to terminate such employment or service at any time. Unless otherwise provided in a written employment or consulting agreement or by applicable law, Employee’s employment by or service with the Company shall be on an at-will basis, and the employment or service relationship may be terminated at any time by either Employee or the Company for any reason whatsoeverwhatsoever or for no reason, with or without cause or notice. Any question as to whether and when there has been a termination of such Employee’s employment or servicewith the Company, and the cause of such termination, shall be determined by the Committee or its delegate, in its sole discretionCommittee, and its determination shall be final.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Extraction Oil & Gas, Inc.)

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Employment Relationship. For purposes of this Agreement (except as otherwise provided in Section 3(c)(4) hereof)Agreement, the Employee shall be considered to be in the employment of the Company as long as the Employee remains an employee of either the Company or a Subsidiary. an Affiliate Without limiting the scope of the preceding sentence, it is specifically provided that the Employee shall be considered to have terminated employment or service with the Company at the time of the termination of the “SubsidiaryAffiliate” status of the entity or other organization that employs or engages the Employee. Nothing in the adoption of the Plan, nor the award of the Restricted Stock Units thereunder pursuant to this Agreement, shall confer upon the Employee the right to continued employment by or service with the Company or affect in any way the right of the Company or its Affiliate to terminate such employment or service at any time. Unless otherwise provided in a written employment or consulting agreement or by applicable law, the Employee’s employment by or service with the Company and its Affiliates shall be on an at-will basis, and the employment or service relationship may be terminated at any time by either the Employee or the Company or its Affiliate for any reason whatsoever, with or without cause or notice. Any question as to whether and when there has been a termination of such employment or service, and the cause of such termination, shall be determined by the Committee or its delegate, in its sole discretion, and its determination shall be final.

Appears in 1 contract

Samples: Restricted Stock Unit (Targa Resources Corp.)

Employment Relationship. For purposes of this Agreement (except as otherwise provided in Section 3(c)(4) hereof)Agreement, Employee shall be considered to be in the employment of the Company as long as Employee remains an employee of either the Company or a Subsidiary. Without limiting the scope of the preceding sentence, it is specifically provided that Employee shall be considered to have terminated employment or service with the Company at the time of the termination of the “Subsidiary” status of the entity or other organization that employs or engages Employee. Nothing in the adoption of the Plan, nor the award of the Restricted Stock Units thereunder pursuant to this Agreement, shall confer upon Employee the right to continued employment by or service with the Company or affect in any way the right of the Company to terminate such employment or service at any time. Unless otherwise provided in a written employment or consulting agreement or by applicable law, Employee’s employment by or service with the Company shall be on an at-will basis, and the employment or service relationship may be terminated at any time by either Employee or the Company for any reason whatsoever, with or without cause or notice. Any question as to whether and when there has been a termination of such employment or service, and the cause of such termination, shall be determined by the Committee or its delegate, in its sole discretion, and its determination shall be final.

Appears in 1 contract

Samples: Employee Restricted Stock Unit (Frank's International N.V.)

Employment Relationship. For purposes of this Agreement (except as otherwise provided in Section 3(c)(4) hereof)Agreement, the Employee shall be considered to be in the employment of the Company as long as the Employee remains an employee of either the Company or a Subsidiaryan Affiliate of the Company. Without limiting the scope of the preceding sentence, it is specifically provided that the Employee shall be considered to have terminated employment or service with the Company at the time of the termination of the “SubsidiaryAffiliate” status of the entity or other organization that employs or engages the Employee. Nothing in the adoption of the Plan, nor the award of the Restricted Stock Phantom Units thereunder pursuant to this Agreement, shall confer upon the Employee the right to continued employment by or service with the Company or its Affiliates or affect in any way the right of the Company or its Affiliates to terminate such employment or service at any time. Unless otherwise provided in a written employment or consulting agreement or by applicable law, the Employee’s employment by or service with the Company and its Affiliates shall be on an at-will basis, and the employment or service relationship may be terminated at any time by either the Employee or the Company or its Affiliates for any reason whatsoever, with or without cause or notice. Any question as to whether and when there has been a termination of such employment or service, and the cause of such termination, shall be determined by the Committee or its delegate, in its sole discretion, and its determination shall be final.

Appears in 1 contract

Samples: Phantom Unit Award Agreement (Targa Resources Partners LP)

Employment Relationship. All references to the “Company” in this Section 5 and in Section 2 shall be deemed to include any Affiliate of the Company that employs Employee. For purposes of this Agreement (except as otherwise provided in Section 3(c)(4) hereof)Agreement, Employee shall be considered to be in the employment of the Company Service as long as Employee remains an employee of either the Company Company, an Affiliate, or a Subsidiarycorporation or a parent or subsidiary of such corporation assuming or substituting a new award for the Award. Without limiting the scope of the preceding sentence, it is specifically expressly provided that Employee shall be considered to have terminated employment or service with the Company Service at the time of the termination of the “SubsidiaryAffiliate” status under the Plan of the entity or other organization that employs or engages Employee. Nothing in the adoption of the Plan, nor Plan or the award of the Restricted Stock Units thereunder pursuant to this Agreement, Award shall confer upon Employee the right to continued employment by or service with the Company or affect in any way the right of Employee or the Company to terminate such employment or service Service at any time. Unless otherwise provided in a written employment or consulting agreement or by applicable law, Employee’s employment by or service with the Company Service shall be on an at-will basis, and the employment or service Service relationship may be terminated at any time by either Employee or the Company for any reason whatsoeverwhatsoever or for no reason, with or without cause or notice. Any question as to whether and when there has been a termination of such employment or serviceEmployee’s Service, and the cause of such termination, shall be determined by the Committee or its delegate, in its sole discretionCommittee, and its determination shall be final.

Appears in 1 contract

Samples: Restricted Cash Award Agreement (Extraction Oil & Gas, Inc.)

Employment Relationship. For purposes of this Agreement (except as otherwise provided in Section 3(c)(43(b)(ii) hereof), the Employee shall be considered to be in the employment of the Company as long as the Employee remains an employee of either the Company or a Subsidiary. Without limiting the scope of the preceding sentence, it is specifically provided that the Employee shall be considered to have terminated employment or service with the Company at the time of the termination of the “Subsidiary” status of the entity or other organization that employs or engages the Employee. Nothing in the adoption of the Plan, nor the award of the Restricted Stock Units thereunder pursuant to this Agreement, shall confer upon the Employee the right to continued employment by or service with the Company or affect in any way the right of the Company to terminate such employment or service at any time. Unless otherwise provided in a written employment or consulting agreement or by applicable law, the Employee’s employment by or service with the Company shall be on an at-will basis, and the employment or service relationship may be terminated at any time by either the Employee or the Company for any reason whatsoever, with or without cause or notice. Any question as to whether and when there has been a termination of such employment or service, and the cause of such termination, shall be determined by the Committee or its delegate, in its sole discretion, and its determination shall be final.

Appears in 1 contract

Samples: Restricted Stock Unit (Frank's International N.V.)

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