Common use of Cancellation of Restricted Shares Clause in Contracts

Cancellation of Restricted Shares. In addition to the terms and conditions set forth in the Plan, upon a termination of the Employment Agreement by the Company for Cause or the resignation of employment by Grantee, any unvested Restricted Shares shall automatically be cancelled without any further action on behalf of the Company or Grantee.

Cancellation of Restricted Shares. In addition to the terms and conditions set forth in the Plan, upon Upon a termination of the Employment Agreement by the Company for Cause or the resignation of employment by Grantee, any unvested Restricted Shares shall automatically be cancelled without any further action on behalf of the Company or Grantee.

Cancellation of Restricted Shares. In addition to the terms and conditions set forth in the Plan, upon a termination of the Employment Agreement by If Grantee’s employment with the Company is terminated for Cause or the resignation of employment by Granteeany reason, any all unvested Restricted Shares granted hereunder shall automatically be cancelled and void and be of no further force or effect without the need for any further action on behalf of the Company. Upon any cancellation of the Restricted Shares, the Grantee shall deliver to the Company or Granteethe certificate(s) representing such Restricted Shares.