Common use of Cessation of Employment Clause in Contracts

Cessation of Employment. (a) Except as otherwise provided in this Paragraph 3, should Participant cease employment or service for any reason prior to vesting in one or more Shares subject to this Award, then the Award shall be immediately canceled with respect to those unvested Shares, and the number of restricted share units will be reduced accordingly. Participant shall thereupon cease to have any right or entitlement to receive any Shares under those canceled units.

Appears in 3 contracts

Samples: Restricted Share Unit Issuance Agreement (Genpact LTD), Restricted Share Unit Issuance Agreement (Genpact LTD), Restricted Share Unit Issuance Agreement (Genpact LTD)

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Cessation of Employment. (a) Except as otherwise provided in this Paragraph 3, should Should the Participant cease employment or service for any reason prior to vesting in one or more Shares subject to this Award, then the Award shall will be immediately canceled cancelled with respect to those unvested Shares, and the number of restricted share stock units will be reduced accordingly. The Participant shall thereupon cease to have any right or entitlement to receive any Shares under those canceled cancelled units.

Appears in 1 contract

Samples: Restricted Stock Unit Issuance Agreement (Genta Inc De/)

Cessation of Employment. (a) Except as otherwise provided for in this Paragraph 3Participant’s employment agreement, should the Participant cease employment or service for any reason prior to vesting in one or more Shares subject to this Award, then the Award shall will be immediately canceled cancelled with respect to those unvested Shares, and the number of restricted share stock units will be reduced accordingly. The Participant shall thereupon cease to have any right or entitlement to receive any Shares under those canceled cancelled units.

Appears in 1 contract

Samples: Stock Option Agreement (PharmaNet Development Group Inc)

Cessation of Employment. (a) Except as otherwise provided in this Paragraph Section 3, Section 4 or Participant’s employment agreement, should Participant cease employment or service with the Company and its Affiliates for any reason prior to vesting in one or more Shares subject to this Award, then the Award shall be immediately canceled with respect to those unvested Shares, and the number of restricted share units will be reduced accordingly. Participant shall thereupon cease to have any right or entitlement to receive any Shares under those canceled units.

Appears in 1 contract

Samples: Restricted Share Unit Issuance Agreement (Genpact LTD)

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Cessation of Employment. (a) Except as otherwise provided in this Paragraph 3Section 3 or Participant’s employment agreement, should Participant cease employment or service with the Company and its Affiliates for any reason prior to vesting in one or more Shares subject to this Award, then the Award shall be immediately canceled with respect to those unvested Shares, and the number of restricted share units will be reduced accordingly. Participant shall thereupon cease to have any right or entitlement to receive any Shares under those canceled units.

Appears in 1 contract

Samples: Restricted Share Unit Issuance Agreement (Genpact LTD)

Cessation of Employment. (a) Except as otherwise provided in this Paragraph 33 or in Participant’s employment agreement, should Participant cease employment or service for any reason prior to vesting in one or more Shares subject to this Award, then the Award shall be immediately canceled with respect to those unvested Shares, and the number of restricted share units will be reduced accordingly. Participant shall thereupon cease to have any right or entitlement to receive any Shares under those canceled units.

Appears in 1 contract

Samples: Restricted Share Unit Issuance Agreement (Genpact LTD)

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