Common use of Effect of Termination of Employment on Vesting Clause in Contracts

Effect of Termination of Employment on Vesting. If your service as a employee of DARA terminates for any reason, any portion of the Restricted Stock Units that was not already earned and vested pursuant to Section (1) above as of the date of termination shall terminate and be cancelled and forfeited as of such date.

Appears in 2 contracts

Samples: Restricted Stock Unit Award Agreement, Restricted Stock Unit Award Agreement (DARA BioSciences, Inc.)

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Effect of Termination of Employment on Vesting. If your service as a employee of DARA terminates for any reason, any portion of the Restricted Stock Units Option that was not already earned and vested pursuant to Section (11)(a) above as of the date of termination shall terminate and be cancelled and forfeited as of such date.

Appears in 2 contracts

Samples: Stock Option Award Agreement (DARA BioSciences, Inc.), Stock Option Award Agreement (DARA BioSciences, Inc.)

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