Common use of Effect of Termination of Employment or Service Clause in Contracts

Effect of Termination of Employment or Service. Except as otherwise provided in Section 4(a)(ii) hereof or in an employment agreement between Participant and the Company, if Participant's employment with or service to the Company is terminated for any reason, any portion of the Restricted Stock that has not become vested and non-forfeitable prior to such termination shall be immediately forfeited.

Appears in 4 contracts

Samples: Performance Based Restricted Stock Agreement (Marvel Enterprises Inc), Performance Based Restricted Stock Agreement (Marvel Enterprises Inc), Restricted Stock Agreement (Marvel Enterprises Inc)

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