Cessation of Service. Except as otherwise provided in Paragraphs 4 and 6 below, should the Participant cease to serve as a Board member for any reason prior to vesting in the Shares subject to this Award, then the awarded Restricted Stock Units will be immediately cancelled with respect to those unvested Shares, and the Participant shall thereupon cease to have any right or entitlement to receive any Shares under those cancelled units.
Appears in 7 contracts
Samples: Restricted Stock Unit Issuance Agreement, Restricted Stock Unit Issuance Agreement (FTD Companies, Inc.), Restricted Stock Unit Issuance Agreement (FTD Companies, Inc.)
Cessation of Service. Except as otherwise provided in Paragraphs 4 and 6 below, should the Participant cease to serve as a Board member for any reason prior to vesting in the Shares Restricted Stock Units subject to this Award, then the awarded Restricted Stock Units will be immediately cancelled with respect to those unvested SharesRestricted Stock Units, and the Participant shall thereupon cease to have any right or entitlement to receive any Shares shares of Common Stock under those cancelled unitsRestricted Stock Units.
Appears in 2 contracts
Samples: Restricted Stock Unit Issuance Agreement, Restricted Stock Unit Issuance Agreement (FTD Companies, Inc.)
Cessation of Service. Except as otherwise provided in Paragraphs 4 and 6 below, should the Participant cease to serve as a Board member for any reason prior to vesting in the Shares Restricted Stock Units subject to this Award, then the awarded unvested Restricted Stock Units will be immediately cancelled with respect to those unvested Sharescancelled, and the Participant shall thereupon cease to have any right or entitlement to receive any Shares shares of Common Stock under those cancelled unitsRestricted Stock Units.
Appears in 2 contracts
Samples: Restricted Stock Unit Issuance Agreement (FTD Companies, Inc.), Restricted Stock Unit Issuance Agreement (FTD Companies, Inc.)
