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

Effect of Termination of Employment or Services. (a) The RSUs granted pursuant to this Agreement shall vest in accordance with the vesting schedule reflected in Paragraph 2(a) above, on condition that the Participant remains employed by or continues to provide services to the Company or a Subsidiary through the applicable vesting dates set forth in paragraph 2(a). If, however, either:

Appears in 6 contracts

Samples: Restricted Stock Unit Agreement (Flowserve Corp), Restricted Stock Unit Agreement (Flowserve Corp), Restricted Stock Unit Agreement (Flowserve Corp)

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Effect of Termination of Employment or Services. (a) The RSUs granted pursuant to this Agreement shall vest in accordance with the vesting schedule reflected in Paragraph 2(a) above, on condition that as long as the Participant remains employed by or continues to provide services to the Company or a Subsidiary through the applicable vesting dates set forth in paragraph 2(a)Subsidiary. If, however, either:

Appears in 2 contracts

Samples: Restricted Stock Unit Agreement (Flowserve Corp), Restricted Stock Unit Agreement (Flowserve Corp)

Effect of Termination of Employment or Services. (a) The RSUs granted pursuant to this Agreement shall vest in accordance with the vesting schedule reflected in Paragraph 2(a) above, on condition that as long as the Participant remains employed by or continues to provide services to the Company or a Subsidiary through Subsidiary. The RSUs granted pursuant to this Agreement shall cease vesting and shall be immediately forfeited upon the applicable vesting dates set forth in paragraph 2(a). Ifdate the Participant terminates employment, however, eitherunless:

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Flowserve Corp)

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Effect of Termination of Employment or Services. (a) The RSUs granted pursuant to this Agreement shall vest in accordance with the vesting schedule reflected in Paragraph 2(a) above, on condition that the Participant remains employed by or continues to provide services to the Company or a Subsidiary through the applicable vesting dates set forth in paragraph Paragraph 2(a). If, however, either:

Appears in 1 contract

Samples: Restricted Stock Unit Agreement (Flowserve Corp)

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