Effect of Settlement. Upon conversion into shares of Common Stock (or Successor Corporation common stock) pursuant to Section 4 or Section 5, all of your Performance Units subject to the Award shall be cancelled and terminated. If and to the extent that you are still employed at the end of the Performance Period, and some of your Performance Units shall not have become earned in accordance with the terms of this Agreement, all such unearned Performance Units subject to the Award shall be cancelled and terminated.
Appears in 2 contracts
Samples: Award Agreement (Carbon Natural Gas Co), Award Agreement (Carbon Natural Gas Co)
Effect of Settlement. Upon conversion into shares of Common Stock (or Successor Corporation common stock) pursuant to Section 3, Section 4 or Section 5, all of your Performance Units subject to the Award shall be cancelled and terminated. If and to the extent that you are still employed at the end of the Performance Period, and some none of your Performance Units shall not have become earned in accordance with the terms of this Agreement, all such unearned Performance Units subject to the Award shall be cancelled and terminated.
Appears in 2 contracts
Samples: Performance Unit Award Agreement (Lone Pine Resources Inc.), Lone Pine Resources Inc.
Effect of Settlement. Upon conversion into shares of Common Stock (or Successor Corporation common stock) pursuant to Section 4 or Section 5, all of your Employee’s Performance Units subject to the Award shall be cancelled and terminated. If and to the extent that you are Employee is still employed at the end of the Performance Period, and some none of your Employee’s Performance Units shall not have become earned in accordance with the terms of this Agreement, all such unearned Performance Units subject to the Award shall be cancelled and terminated.
Appears in 2 contracts
Samples: Performance Unit Award Agreement (Eclipse Resources Corp), Performance Unit Award Agreement (Eclipse Resources Corp)
