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 RSUs (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 RSUs will lapse ninety (90) days from the Date of Grant, and the RSUs will be forfeited to the Company on such date, if the Participant shall not have accepted this Agreement by such date. For the avoidance of doubt, the Participant’s failure to accept this Agreement shall not affect the Participant’s continuing obligations under any other agreement between the Company and the Participant.

Appears in 4 contracts

Samples: Restricted Stock Unit Agreement (Hilton Grand Vacations Inc.), Restricted Stock Unit Agreement (Hilton Grand Vacations Inc.), Restricted Stock Unit Agreement (Hilton Grand Vacations Inc.)

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