Common use of All Unvested Shares Forfeited Upon Cessation of Service Clause in Contracts

All Unvested Shares Forfeited Upon Cessation of Service. Subject to the remainder of this Section 2, upon cessation of Grantee’s service as a director of the Company for any reason or for no reason (and whether such cessation is initiated by the Company, the Grantee or otherwise):

All Unvested Shares Forfeited Upon Cessation of Service. Subject to the remainder of this Section 2, upon cessation of Grantee’s service as a director of the Company for any reason or for no reason (and whether such cessation is initiated by the Company, the Grantee or otherwise):): (i) any Deferred Shares that have not, prior to the effective date of such cessation, become nonforfeitable will immediately and automatically, without any action on the part of the Company, be forfeited, and (ii) the Grantee will have no further rights with respect to those Deferred Shares.