Common use of Cessation of Service Clause in Contracts

Cessation of Service. Except as otherwise provided in Paragraph 5 below, should Participant cease Service for any reason prior to vesting in one or more Shares subject to this Award, then the Award will be immediately cancelled with respect to those unvested Shares. Participant shall thereupon cease to have any right or entitlement to receive any Shares under those cancelled units.

Appears in 25 contracts

Samples: Restricted Stock Unit Issuance Agreement (Koppers Holdings Inc.), Restricted Stock Unit Issuance Agreement (Koppers Holdings Inc.), Restricted Stock Unit Issuance Agreement (Koppers Holdings Inc.)

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Cessation of Service. Except as otherwise provided in Paragraph 5 below, should the Participant cease Service for any reason prior to vesting in one or more Shares subject to this Award, then the Award will be immediately cancelled with respect to those unvested Shares, and the number of Restricted Stock Units will be reduced accordingly. The Participant shall thereupon cease to have any right or entitlement to receive any Shares under those cancelled units.

Appears in 17 contracts

Samples: Restricted Stock Unit Issuance Agreement (Sangamo Therapeutics, Inc), Restricted Stock Unit Issuance Agreement (United Online Inc), Restricted Stock Unit Issuance Agreement (Sangamo Biosciences Inc)

Cessation of Service. Except as otherwise provided in Paragraph 5 4 or Paragraph 6 below, should Participant cease Service for any reason prior to vesting in one or more Shares subject to this Award, then the Award will shall be immediately cancelled with respect to those unvested Shares, and the number of Restricted Stock Units will be reduced accordingly. Participant shall thereupon cease to have any right or entitlement to receive any Shares under those cancelled units.

Appears in 16 contracts

Samples: Employment Agreement (SJW Group), Restricted Stock Unit Issuance Agreement (SJW Group), Restricted Stock Unit Issuance Agreement (SJW Corp)

Cessation of Service. Except as otherwise provided in Paragraph 5 below, should Participant cease Service for any reason prior to vesting in one or more Shares subject to this Award, then the Award will be immediately cancelled with respect to those unvested Shares, and the number of Restricted Stock Units will be reduced accordingly. Participant shall thereupon cease to have any right or entitlement to receive any Shares under those cancelled units.

Appears in 14 contracts

Samples: Restricted Stock Unit Issuance Agreement (Koppers Holdings Inc.), Restricted Stock Unit Issuance Agreement (Koppers Holdings Inc.), Restricted Stock Unit Issuance Agreement (Koppers Holdings Inc.)

Cessation of Service. Except as otherwise provided in Paragraph 5 below, should Should the Participant cease Service for any reason prior to vesting in one or more Shares subject to this Award, then the Award will be immediately cancelled with respect to those unvested Shares, and the number of restricted stock units will be reduced accordingly. The Participant shall thereupon cease to have any right or entitlement to receive any Shares under those cancelled units.

Appears in 6 contracts

Samples: Restricted Stock Unit Issuance Agreement, Restricted Stock Unit Issuance Agreement (Finisar Corp), Restricted Stock Unit Issuance Agreement (I2 Technologies Inc)

Cessation of Service. Except as to the extent otherwise provided in Paragraph 5 below, should Participant cease Service for any reason prior to vesting in one or more Shares subject to this Award, then the Award will shall be immediately cancelled with respect to those unvested Shares, and the number of restricted stock units shall be reduced accordingly. Participant shall thereupon cease to have any right or entitlement to receive any Shares under those cancelled units.

Appears in 4 contracts

Samples: Restricted Stock Unit Award Agreement (Cognizant Technology Solutions Corp), Restricted Stock Unit Award Agreement (Cognizant Technology Solutions Corp), Restricted Stock Unit Award Agreement (Cognizant Technology Solutions Corp)

Cessation of Service. Except as otherwise provided in Paragraph 5 below, should Participant cease Continuous Service for any reason prior to vesting in one or more Shares subject pursuant to this Awardthe Normal Vesting Schedule, then the Award will be immediately cancelled with respect to those unvested Shares, and the number of Restricted Stock Units will be reduced accordingly. Participant shall thereupon cease to have any right or entitlement to receive any Shares under those cancelled units.

Appears in 4 contracts

Samples: Restricted Stock Unit Issuance Agreement, Restricted Stock Unit Issuance Agreement, Restricted Stock Unit Issuance Agreement (Gilead Sciences Inc)

Cessation of Service. Except as otherwise provided in Paragraph 5 below, should Should the Participant cease Service for any reason prior to vesting in one or more Shares subject to this Award, then the Award will be immediately cancelled with respect to those unvested Shares, and the number of Restricted Stock Units will be reduced accordingly. The Participant shall thereupon cease to have any right or entitlement to receive any Shares under those cancelled units.

Appears in 4 contracts

Samples: Restricted Stock Unit Issuance Agreement, Restricted Stock Unit Issuance Agreement (Sandisk Corp), Restricted Stock Unit Issuance Agreement (Sandisk Corp)

Cessation of Service. Except as otherwise provided in Paragraph 5 below, should Should the Participant cease Service service as a Board member for any reason prior to vesting in one or more Shares subject to this Award, then the Award will will, except to the extent the special vesting acceleration provisions of Paragraph 5 (b) are otherwise applicable, be immediately cancelled with respect to those unvested Shares, and the number of Restricted Stock Units will be reduced accordingly. The Participant shall thereupon cease to have any right or entitlement to receive any Shares under those cancelled units.

Appears in 3 contracts

Samples: Restricted Stock Unit Issuance Agreement, Restricted Stock Unit Issuance Agreement (Immunomedics Inc), Restricted Stock Unit Issuance Agreement (Immunomedics Inc)

Cessation of Service. Except as otherwise provided in Paragraph 5 below, should the Participant cease Service for any reason prior to vesting in one or more Shares subject to this Award, then the Award will be immediately cancelled with respect to those unvested Shares, and the number of Restricted Share Units will be reduced accordingly. The Participant shall thereupon cease to have any right or entitlement to receive any Shares under those cancelled units.

Appears in 2 contracts

Samples: Restricted Share Unit Issuance Agreement (ALPHA & OMEGA SEMICONDUCTOR LTD), Restricted Share Unit Issuance Agreement (ALPHA & OMEGA SEMICONDUCTOR LTD)

Cessation of Service. Except as otherwise provided in Paragraph 5 [ALTERNATIVE: Paragraphs 4 and 6] below, should the Participant cease Service for any reason prior to vesting in one or more Shares subject to this Award, then the Award will be immediately cancelled with respect to those unvested Shares, and the number of Restricted Stock Units will be reduced accordingly. The Participant shall thereupon cease to have any right or entitlement to receive any Shares under those cancelled units.

Appears in 2 contracts

Samples: Restricted Stock Unit Issuance Agreement (United Online Inc), Restricted Stock Unit Issuance Agreement (United Online Inc)

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Cessation of Service. Except as otherwise provided in Paragraph 5 belowherein, should the Participant cease Service for any reason prior to vesting in one or more Shares subject to this Award, then the Award will be immediately cancelled with respect to those unvested Shares, and the number of Performance Stock Units will be reduced accordingly. The Participant shall thereupon cease to have any right or entitlement to receive any Shares under those cancelled units.

Appears in 2 contracts

Samples: Performance Stock Unit Issuance Agreement (McAfee, Inc.), Performance Stock Unit Issuance Agreement (McAfee, Inc.)

Cessation of Service. Except as otherwise to the extent (if any) provided in Paragraph 5 belowattached Appendix C, should the Participant cease Service for any reason prior to vesting in one or more Shares subject to this Award, then the Award will be immediately cancelled with respect to those unvested Shares. , the number of Restricted Stock Units will be reduced accordingly and the Participant shall thereupon cease to have any right or entitlement to receive any Shares under those cancelled units.

Appears in 2 contracts

Samples: Rsu Award Agreement (Symantec Corp), Rsu Award Agreement (Veritas Software Corp /De/)

Cessation of Service. Except as otherwise provided in Paragraph 5 below, should Should the Participant cease Service to provide Services for any reason prior to vesting in one or more Shares subject to this Award, then the Award will be immediately cancelled with respect to those unvested Shares, and the number of Restricted Stock Units will be reduced accordingly. The Participant shall thereupon cease to have any right or entitlement to receive any Shares under those cancelled unitsAward.

Appears in 1 contract

Samples: Restricted Stock Unit Issuance Agreement (Sandisk Corp)

Cessation of Service. Except as otherwise provided In no event shall Participant vest in Paragraph 5 belowany additional Performance Shares following his or her cessation of Service. Accordingly, should Participant cease Service for any reason prior to vesting in one or more Shares subject to this Award, then the Award will be immediately cancelled with respect to those unvested Shares, and the number of restricted stock units will be reduced accordingly. Participant shall thereupon cease to have any right or entitlement to receive any Shares under those cancelled units, and those Shares shall cease to be subject to this Award.

Appears in 1 contract

Samples: Restricted Stock Unit Award Agreement (Apollo Group Inc)

Cessation of Service. Except as otherwise provided in Paragraph 5 below, should Should the Participant cease Service for any reason prior to vesting in one or more Shares subject to this Award, then the Award will be immediately cancelled with respect to those unvested SharesShares and the number of Restricted Stock Units will be reduced accordingly. The Participant shall thereupon cease to have any right or entitlement to receive any Shares under those cancelled units.

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Arbinet Thexchange Inc)

Cessation of Service. Except as otherwise provided in Paragraph 5 belowherein, should the Participant cease Service for any reason prior to vesting in one or more Shares subject to this Award, then the Award will be immediately cancelled with respect to those unvested Shares, and the number of Restricted Stock Units will be reduced accordingly. The Participant shall thereupon cease to have any right or entitlement to receive any Shares under those cancelled units.

Appears in 1 contract

Samples: Restricted Stock Unit Issuance Agreement (McAfee, Inc.)

Cessation of Service. Except as otherwise provided in Paragraph 5 Paragraphs 4 and 6 below, should the Participant cease Service for any reason prior to vesting in one or more Shares subject to this Award, then the Award will be immediately cancelled with respect to those unvested Shares, and the number of Restricted Stock Units will be reduced accordingly. The Participant shall thereupon cease to have any right or entitlement to receive any Shares under those cancelled units.

Appears in 1 contract

Samples: Restricted Stock Unit Issuance Agreement (United Online Inc)

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