Common use of Effect of Termination of Employment and Change in Control Clause in Contracts

Effect of Termination of Employment and Change in Control. (i) Except as provided in Section 3(d)(iii), if, on or after the Share Issuance Date, a Termination of Employment of the Grantee occurs for any reason other than those reasons described in Section 3(d)(ii), then all Restricted Shares that remain unvested at such time shall automatically and immediately be forfeited by the Grantee without any action by any other person or entity and for no consideration whatsoever, and the Grantee and any beneficiary or personal representative thereof, as the case may be, will be entitled to no payments or benefits with respect to the Restricted Shares.

Effect of Termination of Employment and Change in Control. (i) Except as provided in Section 3(d)(iii2(b)(iii), if, on or after prior to the Share Issuance DateDate with respect to any Restricted Share Units granted hereunder, a Termination of Employment of the Grantee occurs for any reason other than those reasons described in Section 3(d)(ii2(b)(ii), then all outstanding Restricted Shares that remain unvested at such time Share Units granted hereunder shall automatically and immediately be forfeited by the Grantee without any action by any other person or entity and for no consideration whatsoever, and the Grantee and any beneficiary or personal representative thereof, as the case may be, will be entitled to no payments or benefits with respect to the Restricted SharesShare Units.