Common use of Certain Terminations of Service Clause in Contracts

Certain Terminations of Service. If, prior to vesting, the Award Recipient’s Service is terminated for any reason other than (i) death, (ii) Disability, or (iii) termination by the Company without Cause, the unvested portion of the Restricted Stock Units shall be forfeited by the Award Recipient and cancelled by the Company as of the date of the Award Recipient’s termination of Service, and the Award Recipient shall have no further right or interest therein unless the Committee in its sole discretion shall determine otherwise.

Appears in 3 contracts

Samples: Employee Inducement Restricted Stock Unit Agreement (Orthofix Medical Inc.), Inducement Restricted Stock Unit Grant Agreement (Orthofix Medical Inc.), Employee Stock Unit Grant Agreement

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Certain Terminations of Service. If, prior to vesting, the Award Recipient’s Service is terminated for any reason other than (i) death, (ii) Disability, or (iii) termination by the Company without Causea circumstance providing for accelerated vesting pursuant Section 4(c) hereof, the unvested portion of the Restricted Stock Units shall be forfeited by the Award Recipient and cancelled by the Company as of the date of the Award Recipient’s termination of Service, and the Award Recipient shall have no further right or interest therein unless the Committee in its sole discretion shall determine otherwise.

Appears in 2 contracts

Samples: Stock Unit Grant Agreement (Orthofix Medical Inc.), Stock Unit Grant Agreement (Orthofix Medical Inc.)

Certain Terminations of Service. If, prior to vesting, the Award Recipient’s Service is terminated for any reason other than (i) death, (ii) Disability, or (iii) termination by the Company without CauseCause or (iv) termination by the Award Recipient for Good Reason, the unvested portion of the Restricted Stock Units shall be forfeited by the Award Recipient and cancelled by the Company as of the date of the Award Recipient’s termination of Service, and the Award Recipient shall have no further right or interest therein unless the Committee in its sole discretion shall determine otherwise.

Appears in 1 contract

Samples: Stock Unit Grant Agreement (Orthofix Medical Inc.)

Certain Terminations of Service. If, prior to vesting, the Award Recipient’s Service is terminated for any reason other than (i) death, (ii) Disability, or (iii) termination by a Qualified Retirement occurring no less than six months after the Company without CauseGrant Date or (iv) a circumstance providing for accelerated vesting pursuant Section 4(d) hereof, the unvested portion of the Restricted Stock Units shall be forfeited by the Award Recipient and cancelled by the Company as of the date of the Award Recipient’s termination of Service, and the Award Recipient shall have no further right or interest therein unless the Committee in its sole discretion shall determine otherwise.

Appears in 1 contract

Samples: Stock Unit Grant Agreement (Orthofix Medical Inc.)

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Certain Terminations of Service. If, prior to vesting, the Award Recipient’s Service is terminated for any reason other than (i) death, (ii) or Disability, or (iii) termination by and except as set forth in Section 13 of the Company without CausePlan, the unvested portion of the Restricted Stock Units shall be forfeited by the Award Recipient and cancelled by the Company as of the date of the Award Recipient’s termination of Service, and the Award Recipient shall have no further right or interest therein unless the Committee in its sole discretion shall determine otherwise.

Appears in 1 contract

Samples: Seaspine Employees (Orthofix Medical Inc.)

Certain Terminations of Service. If, prior to vesting, the Award Recipient’s Service is terminated for any reason other than (i) death, (ii) Disability, or (iii) termination by the Company without Causea circumstance providing for accelerated vesting pursuant to Section 4(c) hereof, the unvested portion of the Restricted Stock Units shall be forfeited by the Award Recipient and cancelled by the Company as of the date of the Award Recipient’s termination of Service, and the Award Recipient shall have no further right or interest therein unless the Committee in its sole discretion shall determine otherwise.

Appears in 1 contract

Samples: Employee Inducement Restricted Stock Unit Agreement (Orthofix Medical Inc.)

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