Common use of Cessation of Vesting Upon Termination; Forfeiture Clause in Contracts

Cessation of Vesting Upon Termination; Forfeiture. All vesting will cease upon Executive’s Separation from Service for any reason or no reason, and upon such Separation from Service Executive shall forfeit any and all benefits under this Plan that are not vested pursuant to Section 4.2 — 4.5 at the time of such Separation from Service.

Appears in 4 contracts

Samples: Supplemental Executive Retirement Agreement (Centra Financial Holdings Inc), Supplemental Executive Retirement Agreement (Centra Financial Holdings Inc), Supplemental Executive Retirement Agreement (Centra Financial Holdings Inc)

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Cessation of Vesting Upon Termination; Forfeiture. All vesting will cease upon Executive’s Separation from Service for any reason or no reason, and upon such Separation from Service Executive shall forfeit any and all benefits under this Plan that are not vested pursuant to Section 4.2 4.5 at the time of such Separation from Service.

Appears in 2 contracts

Samples: Supplemental Executive Retirement Agreement (Centra Financial Holdings Inc), Supplemental Executive Retirement Agreement (Centra Financial Holdings Inc)

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