Common use of Cancellation of Performance Units/Shares Clause in Contracts

Cancellation of Performance Units/Shares. Subject to the applicable Award Agreement, upon the earlier of (a) the Participant’s termination of employment, or (b) the date set forth in the Award Agreement, all remaining Performance Units/Shares shall be forfeited by the Participant to the Company, and subject to Section 4.2, the Shares subject thereto shall again be available for grant under the Plan.

Appears in 3 contracts

Samples: Award Agreement (Central Garden & Pet Co), Central Garden & Pet Co, Central Garden & Pet Co

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Cancellation of Performance Units/Shares. Subject to the applicable Award Agreement, upon the earlier of (a) the Participant’s termination Termination of employmentEmployment, or (b) the date set forth in the Award Agreement, all remaining Performance Units/Shares shall be forfeited by the Participant to the Company, and subject to Section 4.24.3, the Shares subject thereto shall again be available for grant under the Plan.

Appears in 2 contracts

Samples: Electro Rent Corp, Adera Mines LTD

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