Example ContractsClausespart time employment and leaves of absenceIdentical
Part Time Employment and Leaves of Absence
Part Time Employment and Leaves of Absence contract clause examples

Leaves of Absence/Transfer Between Locations. Unless the Administrator provides otherwise, vesting of Awards granted hereunder will be suspended during any unpaid leave of absence. A Participant will not cease to be an Employee in the case of # any leave of absence approved by the Company or # transfers between locations of the Company or between the Company, its Parent, or any Subsidiary. For purposes of Incentive Stock Options, no such leave may exceed three (3) months, unless reemployment upon expiration of such leave is guaranteed by statute or contract. If reemployment upon expiration of a leave of absence approved by the Company is not so guaranteed, then six (6) months following the first (1st) day of such leave any Incentive Stock Option held by the Participant will cease to be treated as an Incentive Stock Option and will be treated for tax purposes as a Nonstatutory Stock Option.

Tesla, Inc. (TSLA) (CIK 0001318605)
Source: SEC EDGAR database • Date: February 23, 2018 • SIC: 3711 • CIK: 3711
NantKwest, Inc. (NK) (CIK 0001326110)
Source: SEC EDGAR database • Date: August 7, 2020 • SIC: 2836 • CIK: 2836

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