By the Company or By the Recipient. If the Recipient ceases to be an employee of the Company or an Affiliate of the Company due to the Recipient’s termination by the Company or such Affiliate other than as provided in Section 4(b) or if the Recipient resigns or otherwise terminates his or her employment for any reason other than for an Approved Retirement, the Recipient’s right to the unvested Restricted Stock Units and the Stock issuable thereunder shall be forfeited, no Stock shall be issued and the Restricted Stock Units shall be cancelled. The term “Approved Retirement” is defined below.
Appears in 5 contracts
Samples: Restricted Stock Unit Award Agreement (Tempur Sealy International, Inc.), Restricted Stock Unit Award Agreement (Tempur Sealy International, Inc.), Restricted Stock Unit Award Agreement (Tempur Sealy International, Inc.)
By the Company or By the Recipient. If the Recipient ceases to be an employee of the Company or an Affiliate of the Company due to the Recipient’s termination by the Company or such Affiliate for any reason other than as provided in Section 4(b5(b)(ii) or if the Recipient resigns or otherwise terminates his or her employment for any reason other than for an Approved Retirement, the Recipient’s right to the unvested Restricted Stock Units PRSUs relating to the Final Award and the Stock Shares issuable thereunder shall be forfeited, no Stock Shares shall be issued and the unvested Performance Restricted Stock Units shall be cancelled. The term “Approved Retirement” is defined below.
Appears in 5 contracts
Samples: Performance Restricted Stock Unit Award Agreement (Tempur Sealy International, Inc.), Performance Restricted Stock Unit Award Agreement (Tempur Sealy International, Inc.), Performance Restricted Stock Unit Award Agreement (Tempur Sealy International, Inc.)
