Common use of Effect of Termination of Continuous Service Clause in Contracts

Effect of Termination of Continuous Service. In the event of the termination of Grantee’s Continuous Service, all Units that are not vested will be immediately and automatically forfeited except as expressly provided on Exhibit A.

Appears in 14 contracts

Samples: Restricted Stock Unit Award Agreement (Live Oak Bancshares, Inc.), Restricted Stock Unit Award Agreement (Live Oak Bancshares, Inc.), Restricted Stock Unit Award Agreement (Live Oak Bancshares, Inc.)

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Effect of Termination of Continuous Service. In the event of the termination of GranteeXxxxxxx’s Continuous Service, all Units that are not vested will be immediately and automatically forfeited except as expressly provided on Exhibit A.

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement (Live Oak Bancshares, Inc.), Restricted Stock Unit Award Agreement (Live Oak Bancshares, Inc.)

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Effect of Termination of Continuous Service. In the event of the termination of Grantee’s Continuous Service, all Units that are not vested will be immediately and automatically forfeited except as expressly provided on Exhibit A.B.

Appears in 1 contract

Samples: Performance Restricted Stock Unit Award Agreement (Live Oak Bancshares, Inc.)

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