Common use of Cancellation of RSUs upon Other Termination of Employment Clause in Contracts

Cancellation of RSUs upon Other Termination of Employment. If, on or before the end of Fiscal Year 2026, the Employee’s status as an employee of the Company or any of its Subsidiaries terminates for any reason (or no reason), other than pursuant to Section 3(a) or (b) hereof, then the RSUs and all related Dividend Equivalents shall automatically be cancelled as of the close of business on the Employment Termination Date. If the Employee’s status as an employee of the Company or any of its Subsidiaries terminates for any reason (or no reason), other than pursuant to Section 3(a) or (b) hereof, after the end of Fiscal Year 2026, then the Company shall settle the RSUs in accordance with Section 2 and Appendix C of this Agreement on the Scheduled Settlement Date.

Appears in 1 contract

Samples: Performance Based Restricted Stock Unit Award Agreement (DXC Technology Co)

AutoNDA by SimpleDocs

Cancellation of RSUs upon Other Termination of Employment. If, on or before the end of Fiscal Year 2026[ ]10, the Employee’s status as an employee of the Company or any of its Subsidiaries terminates for any reason (or no reason), other than pursuant to Section 3(a) or (b) hereof, then the RSUs and all related Dividend Equivalents shall automatically be cancelled as of the close of business on the Employment Termination Date. If the Employee’s status as an employee of the Company or any of its Subsidiaries terminates for any reason (or no reason), other than pursuant to Section 3(a) or (b) hereof, after the end of Fiscal Year 2026[ ]11, then the Company shall settle the RSUs in accordance with Section 2 and Appendix C of this Agreement on the Scheduled Settlement Date.

Appears in 1 contract

Samples: Employment Agreement (DXC Technology Co)

Cancellation of RSUs upon Other Termination of Employment. If, on or before the end of Fiscal Year 20262025, the Employee’s status as an employee of the Company or any of its Subsidiaries terminates for any reason (or no reason), other than pursuant to Section 3(a) or (b) hereof, then the RSUs and all related Dividend Equivalents shall automatically be cancelled as of the close of business on the Employment Termination Date. If the Employee’s status as an employee of the Company or any of its Subsidiaries terminates for any reason (or no reason), other than pursuant to Section 3(a) or (b) hereof, after the end of Fiscal Year 20262025, then the Company shall settle the RSUs in accordance with Section 2 and Appendix C of this Agreement on the Scheduled Settlement Date.

Appears in 1 contract

Samples: Performance Based Restricted Stock Unit Award Agreement (DXC Technology Co)

Cancellation of RSUs upon Other Termination of Employment. If, on or before the end of Fiscal Year 20262024, the Employee’s status as an employee of the Company or any of its Subsidiaries terminates for any reason (or no reason), other than pursuant to Section 3(a) or (b) hereof, then the RSUs and all related Dividend Equivalents shall automatically be cancelled as of the close of business on the Employment Termination Date. If the Employee’s status as an employee of the Company or any of its Subsidiaries terminates for any reason (or no reason), other than pursuant to Section 3(a) or (b) hereof, after the end of Fiscal Year 20262024, then the Company shall settle the RSUs in accordance with Section 2 and Appendix C of this Agreement on the Scheduled Settlement Date.

Appears in 1 contract

Samples: Performance Based Restricted Stock Unit Award Agreement (DXC Technology Co)

Cancellation of RSUs upon Other Termination of Employment. If, on or before the end of Fiscal Year 20262023, the Employee’s status as an employee of the Company or any of its Subsidiaries terminates for any reason (or no reason), other than pursuant to Section 3(a) or (b) hereof, then the RSUs and all related Dividend Equivalents shall automatically be cancelled as of the close of business on the Employment Termination Date. If the Employee’s status as an employee of the Company or any of its Subsidiaries terminates for any reason (or no reason), other than pursuant to Section 3(a) or (b) hereof, after the end of Fiscal Year 20262023, then the Company shall settle the RSUs in accordance with Section 2 and Appendix C of this Agreement on the Scheduled Settlement Date.

Appears in 1 contract

Samples: Performance Based Restricted Stock Unit Award Agreement (DXC Technology Co)

AutoNDA by SimpleDocs

Cancellation of RSUs upon Other Termination of Employment. If, on or before the end of Fiscal Year 2026FY2020, the Employee’s status as an employee of the Company or any of its Subsidiaries subsidiaries terminates for any reason (or no reason), other than pursuant to Section 3(a) or (b) hereof, then the RSUs and all related Dividend Equivalents shall automatically be cancelled as of the close of business on the Employment Termination Date. If the Employee’s status as an employee of the Company or any of its Subsidiaries subsidiaries terminates for any reason (or no reason), other than pursuant to Section 3(a4(a) or (b) hereof, after the end of Fiscal Year 2026FY2020, then the Company shall settle the RSUs in accordance with Section 2 and Appendix C of this Agreement on the Scheduled Settlement Date.

Appears in 1 contract

Samples: Supplemental Performance Based Restricted Stock Unit Award Agreement (DXC Technology Co)

Cancellation of RSUs upon Other Termination of Employment. If, on or before the end of Fiscal Year 20262027, the Employee’s status as an employee of the Company or any of its Subsidiaries terminates for any reason (or no reason), other than pursuant to Section 3(a) or (b) hereof, then the RSUs and all related Dividend Equivalents shall automatically be cancelled as of the close of business on the Employment Termination Date. If the Employee’s status as an employee of the Company or any of its Subsidiaries terminates for any reason (or no reason), other than pursuant to Section 3(a) or (b) hereof, after the end of Fiscal Year 20262027, then the Company shall settle the RSUs in accordance with Section 2 and Appendix C of this Agreement on the Scheduled Settlement Date.

Appears in 1 contract

Samples: Performance Based Restricted Stock Unit Award Agreement (DXC Technology Co)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!