Common use of Continued Service as an Employee Clause in Contracts

Continued Service as an Employee. If the Director ceases to serve as a Non-Employee Director and, immediately thereafter, the Director is employed by the Employer, then, solely for the purposes of Sections 4 and 6 herein, the Director shall not be deemed to have ceased to serve as a Non-Employee Director at that time, and his or her continued employment by the Employer shall be deemed to be continued service as a Non-

Appears in 4 contracts

Sources: Stock Unit Grant Agreement (Investment Technology Group, Inc.), Stock Unit Grant Agreement (Investment Technology Group, Inc.), Stock Unit Grant Agreement (Investment Technology Group Inc)

Continued Service as an Employee. If the Director ceases to serve as a Non-Employee Director and, immediately thereafter, the Director is employed by the Employer, then, solely for the purposes of Sections 3 and 4 and 6 hereinabove, the Director shall not be deemed to have ceased to serve as a Non-Employee Director at that time, and his or her continued employment by the Employer shall be deemed to be continued service as a Non-

Appears in 1 contract

Sources: Nonqualified Stock Option Grant Agreement (Investment Technology Group Inc)