Common use of Acceptance and Agreement by the Participant; Forfeiture upon Failure to Accept Clause in Contracts

Acceptance and Agreement by the Participant; Forfeiture upon Failure to Accept. By accepting the Performance Shares (including through electronic means), the Participant agrees to be bound by the terms, conditions, and restrictions set forth in the Plan, this Agreement, and the Company’s policies, as in effect from time to time, relating to the Plan. The Participant’s rights under the Performance Shares will lapse ninety (90) days from the Date of Grant, and the Performance Shares will be forfeited on such date if the Participant will not have accepted this Agreement by such date. For the avoidance of doubt, the Participant’s failure to accept this Agreement will not affect the Participant’s continuing obligations under any other agreement between the Company and the Participant.

Appears in 3 contracts

Samples: Performance Share Unit Agreement (Hilton Worldwide Holdings Inc.), Performance Share Unit Agreement (Hilton Worldwide Holdings Inc.), Performance Share Unit Agreement (Hilton Worldwide Holdings Inc.)

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Acceptance and Agreement by the Participant; Forfeiture upon Failure to Accept. By accepting the Performance Shares (including through electronic means), the Participant agrees to be bound by the terms, conditions, and restrictions set forth in the Plan, this Agreement, and the Company’s policies, as in effect from time to time, relating to the Plan. The Participant’s 's rights under to the Performance Shares granted herein will lapse ninety (90) days from the Date of Grant, and the Performance Shares will be forfeited to the Company on such date if the Participant will shall not have accepted this Agreement by such date. For the avoidance of doubt, the Participant’s 's failure to accept this Agreement will shall not affect the Participant’s continuing obligations under any other agreement between the Company and the Participant.

Appears in 1 contract

Samples: Performance Restricted Share Agreement (Hilton Worldwide Holdings Inc.)

Acceptance and Agreement by the Participant; Forfeiture upon Failure to Accept. By accepting the Performance Shares this Option (including through electronic means), the Participant agrees to be bound by the terms, conditions, and restrictions set forth in the Plan, this Agreement, and the Company’s policies, as in effect from time to time, relating to the Plan. The Participant’s 's rights under the Performance Shares Option will lapse ninety (90) days from the Date of Grant, and the Performance Shares Option will be forfeited on such date if the Participant will shall not have accepted this Agreement by such date. For the avoidance of doubt, the Participant’s 's failure to accept this Agreement will shall not affect the Participant’s continuing obligations under any other agreement between the Company and the Participant.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Hilton Worldwide Holdings Inc.)

Acceptance and Agreement by the Participant; Forfeiture upon Failure to Accept. By accepting the Performance Shares (including through electronic means), the Participant agrees to be bound by the terms, conditions, and restrictions set forth in the Plan, this Agreement, and the Company’s policies, as in effect from time to time, relating to the Plan. The Participant’s 's rights under the Performance Shares will lapse ninety (90) days from the Date of Grant, and the Performance Shares will be forfeited to the Company on such date if the Participant will shall not have accepted this Agreement by such date. For the avoidance of doubt, the Participant’s 's failure to accept this Agreement will shall not affect the Participant’s continuing obligations under any other agreement between the Company and the Participant.

Appears in 1 contract

Samples: Performance Restricted Share Agreement (Hilton Worldwide Holdings Inc.)

Acceptance and Agreement by the Participant; Forfeiture upon Failure to Accept. By accepting the Performance Shares this Option (including through electronic means), the Participant agrees to be bound by the terms, conditions, and restrictions set forth in the Plan, this Agreement, Agreement and the Company’s policies, as in effect from time to time, relating to the Plan. The Participant’s rights under the Performance Shares Option will lapse ninety (90) days from the Date of Grant, and the Performance Shares Option will be forfeited to the Company on such date date, if the Participant will shall not have accepted this Agreement by such date. For the avoidance of doubt, the Participant’s failure to accept this Agreement will shall not affect the Participant’s continuing obligations under any other agreement between the Company and the Participant.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Hilton Grand Vacations Inc.)

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Acceptance and Agreement by the Participant; Forfeiture upon Failure to Accept. By accepting the Performance Shares (including through electronic means), the Participant agrees to be bound by the terms, conditions, and restrictions set forth in the Plan, this Agreement, and the Company’s policies, as in effect from time to time, relating to the Plan. The Participant’s 's rights under to the Performance Shares granted herein will lapse ninety (90) days 8 from the Date of Grant, and the Performance Shares will be forfeited to the Company on such date in accordance with Section 23 and Section 24 if the Participant will shall not have accepted this Agreement by such date. For the avoidance of doubt, the Participant’s 's failure to accept this Agreement will shall not affect the Participant’s continuing obligations under any other agreement between the Company and the Participant.

Appears in 1 contract

Samples: Performance Restricted Share Agreement (Hilton Worldwide Holdings Inc.)

Acceptance and Agreement by the Participant; Forfeiture upon Failure to Accept. By accepting the Performance Shares this Option (including through electronic means), the Participant agrees to be bound by the terms, conditions, and restrictions set forth in the Plan, this Agreement, and the Company’s policies, as in effect from time to time, relating to the Plan. The Participant’s rights under the Performance Shares Option will lapse ninety (90) 90 days from the Date of Grant, and the Performance Shares Option will be forfeited on such date if the Participant will shall not have accepted this Agreement by such date. For the avoidance of doubt, the Participant’s failure to accept this Agreement will shall not affect the Participant’s continuing obligations under any other agreement between the Company and the Participant.

Appears in 1 contract

Samples: Nonqualified Stock Option Agreement (Summit Materials, Inc.)

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