Common use of Cancellation Right Clause in Contracts

Cancellation Right. The Grantee must be in continuous service as an employee of the Company or any of its Affiliates or as a Director from the Award Date through the applicable Vesting Date for a Share to become vested. Subject to Section 4, Grantee’s termination of employment and, if applicable, service as a Director prior to the vesting of any Shares shall cause any unvested Shares to be automatically forfeited.

Cancellation Right. The Subject to Section 4, the Grantee must be in continuous service as an employee of the Company or any of its Affiliates or as a Director from the Award Date through the applicable Vesting Date for a an unvested Share to become vested. Subject to Section 4, Grantee’s termination of employment and, if applicable, service as a Director prior to the vesting of any Shares Vesting Date shall cause any the unvested Shares to be automatically forfeitedforfeited as of such discontinuation of service date.

Cancellation Right. The Grantee must be in continuous service as an employee of the Company or any of its Affiliates or as a Director from the Award Date through the applicable Vesting Date for a an unvested Share to become vested. Subject to Section 4, Grantee’s termination of employment and, if applicable, service as a Director prior to the vesting of any Shares Vesting Date shall cause any the unvested Shares to be automatically forfeitedforfeited as of such discontinuation of service date.

Cancellation Right. The Subject to Section 4, the Grantee must be in continuous service as an employee of the Company or any of its Affiliates or Employee or, if applicable, as a Non-Employee Director from the Award Date through the applicable Vesting Date for a Share an unvested Share, if earned, to become vested. Subject to Section 4, the Grantee’s termination of employment and, if applicable, such continuous service as a Director prior to the vesting of any Shares Vesting Date shall cause any all unvested Shares to be automatically forfeitedforfeited as of the date of such discontinuation of service.

Cancellation Right. The Subject to Section 4, the Grantee must be in continuous service as an employee of the Company or any of its Affiliates or Employee or, if applicable, as a Non-Employee Director from the Award Date through the applicable Applicable Vesting Date for a Share an unvested Share, if earned, to become vested. Subject to Section 4, the Grantee’s termination of employment and, if applicable, such continuous service as a Director prior to the vesting of any Shares Applicable Vesting Date shall cause any all unvested Shares to be automatically forfeitedforfeited as of the date of such discontinuation of service.